Recharge Resources Ltd. provided the following update on the company's Pocitos One Lithium Brine Project located near Pocitos township in Salta Province, Argentina. WSP Australia Pty Ltd. ("WSP") has provided a first draft to the Company of the inaugural NI 43-101 compliant Mineral Resource Estimate ("MRE") and is currently running an additional block model to support the final report. The report includes some of the cost estimates from Ekosolve??

for a 20,000-tonne lithium carbonate plant that is inclusive of a HCl acid plant and a Lithium carbonate plant. The final report is anticipated to be filed in short order. This is another milestone in the Company's endeavour to build up to a 20,000-tonane Ekosolve??

direct lithium extraction ("DLE") plant at the Pocitos project in order to supply Richlink Capital Pty. Ltd. ("Richlink") up to 20,000 tonnes of lithium carbonate per year, as previously announced under a letter of intent of offtake. Recharge completed drilling the third hole at the Pocitos 1 lithium brine project achieving 169ppm lithium assay and is currently awaiting permits for its upcoming 3 well 2023 drill program.

As reported on January 31st, 2023, 200 litres of brine were collected to be sent to University of Melbourne for testing to ascertain the recovery that was 94.9% using the EkoSolve?? processing system and 99.89% purity of the lithium carbonate. These brines were specially prepared for transit to Australia to maintain their content integrity.

The Pocitos 1 Project is located approximately 10km from the township of Pocitos where there is gas, electricity, and accommodation. Pocitos 1 is approximately 800 hectares and is accessible by road. Collective exploration totals over USD 2.0 million developing the project, including surface sampling, trenching, TEM and MT geophysics and drilling three wells that had outstanding brine flow results.

Locations for immediate follow up drilling have already been designed and identified for upcoming exploration. Lithium values of 169 ppm from drill hole 3 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project's December 2022 drill campaigns. A double packer sampling system in HQ Diamond drill holes were drilled to a depth of up to 409 metres.

The flow of brine was observed to continue for more than five hours. All holes had exceptional brine flow rates. A NI 43-101 report has been released on the Pocitos 1 project.

Recharge is awaiting the completion of the process engineering work to be completed by Ekosolve Ltd. to produce and assay the lithium carbonate being produced, where extraction was above 94% of the contained lithium in the brine i.e. 158.86ppm of lithium would have been recovered from 169ppm. WSP is waiting on the relogging of the cores to be completed before it delivers the Company's maiden resource estimate at Pocitos 1 that will result in an update of the NI 43-101 report completed by QP Phillip Thomas in June 2023.