Recharge Resources Ltd. announced the completion of DDH1 that intercepted the targeted brine aquifers and sampled 169 ppm lithium and flow rates similar to what was previously observed under its own pressure, constrained by a valve to preserve the well. The brines flowed for 10 days. The drill hole also intercepted gas (tested to have minor amounts of carbon dioxide) in a porous lithological unit that accelerated the brine flow.

The measured lithium content sampled in this recent 2022 drilling exceeded that of the measured lithium content of the 2018 discovery wells. This is another planned milestone in the Company's endeavour to build up to a 20,000 tonne lithium extraction plant at Pocitos 1 Project in order to supply Richlink Capital Pty Ltd. up to 20,000 tonnes of lithium chloride/carbonate per year as previously announced under letter of intent. Lithium is selling in the spot market at 477,500 Yuan per tonne or the equivalent of USD 70,755 per tonne according to TradingEconomics.com.

(January 23rd, 2022) The brines were tested with a blank (distilled water), two duplicates and one standard at 268ppm Li. Another set of samples has been sent to Alex Stewart for testing by the QP, Phil Thomas. Packer testing for brines commenced at the 252M level, with core showing brines, but no flow was recorded.

Significant brine flow was recorded at 342m and again at 363m. This is consistent with previous drilling results. The gas intrusion prohibited the drillers going below 363m as they were not able to get the water return.

As previously announced, the basis for the NI 43-101 report is well underway after Mr. Thomas set up the drill program in Argentina when he was there in November 2022 in preparation to measure flow rates and assays to create the anticipated NI43-101 compliant report. Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for USD 825 Million) as well as he and his team developed the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. Mr. Thomas is independent of the Company and is NOT a shareholder of Recharge Resources.

Five litres of brine were collected to be sent to University of Melbourne for testing to ascertain the recovery that has been as high as 97% using the EkoSolveTM processing system. These were especially prepared for transit. About Pocitos 1 Lithium Brine Project: The Pocitos Project is located approximately 10km from the township of Pocitos where there is gas, electricity, and internet services.

Pocitos I is approximately 800 hectares and is accessible by road. Previous exploration teams have spent over USD 1.5 million exploring the project, including surface sampling, trenching, TEM geophysics and drilling two 400m holes that had outstanding brine flow results. Locations for immediate follow up drilling have already been designed and identified for upcoming exploration.

Lithium values of up to 125 ppm from Laboratory analysis conducted by Alex Stewart were recorded by A.I.S. Resources Ltd. ("AIS") during the project's first drill campaign in May 2018. AIS used a double packer sampling system in HQ Diamond drill holes drilled to a depth of 409 metres. The flow of brine was observed to continue for more than 5 hours.

Both drill holes had exceptional brine flow rates. Recharge's plan is To drill a third production ready drill hole to work towards a NI 43-101 mineral resource calculation.