Recharge Resources Ltd. provided the following update on the company's Pocitos One Lithium Brine Project in Salta, Argentina. Detailed logging of the core of the two wells drilled in 2018 - PCT 2018-1 to 360m and PCT 2018-02 to 407m have been relogged by Company Geologist and data of the 10 packer tests and 7 assays received from the drillers logs in 2018 have been provided to WSP Australia Pty Ltd. who are completing the resource estimate. WSP commenced the resource estimate in July 2023 and had been awaiting additional analysis needed from the 2018 data which has now been provided.

Additional core data on the porosity and permeability of the core was obtained from specialists in Australia which was also provided to WSP. This work has been very detailed but is now complete. WSP is a leading global consultancy with more than 67,000 professionals and consultants with expertise in hydrology and brine resource estimates.

WSP will utilize information gathered from the NI 43-101 technical report dated 30 June 2023 completed by Panopus Pte Ltd. and the May 2023 MT Survey, 2018 TEM survey, drilling programs, core logs and core porosity data to prepare the Resource Estimate. 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. Ekosolve and the University of Melbourne continue to improve the recovery of lithium from the Company's brines.

The recent mass transfer performance experiments using simulated brine (with the same composition as the Pocitos brines) in the 2-meter-high pulsed Ekosolve process column delivered improved results, (the previous results were 94.92% extraction of lithium) including: a great improvement in lithium extraction efficiency by increasing the operating O/A ratio; very fast lithium extraction kinetics of simulated brine and loaded organic solvent; limited co-extraction of impurities from the simulated brine and potential in further improving the lithium extraction efficiency by constructing a column array with a longer active section or multiple columns connected in series.