Bradda Head Lithium Ltd. announced the mobilization of equipment to the Basin Project, Arizonato initiate Resource expansion drilling with a six-hole program designed to significantly expand the Company's lithium in clay Mineral Resource Estimate (MRE). This follows the successful 2023 sonic drilling campaign which saw the tripling of BHL's Inferred an d Indicated MRE at Basin. This six-hole program will build upon Bradda Head's 1.085MT Lithium Carbonate Equivalent (LCE) by drilling holes an additional 1.2 kilometers towards the north on newly permitted drill holes.

The objective of this program is to add a minimum of 1.5MT LCE, surpassing the benchmark of 2.5MT LCE which will trigger the final USD 3 million royalty payment from Lithium Royalty Company (LRC) to Bradda Head. The drilling program is anticipated to finish towards the end of April, 2024. Program Summary: Six-hole core drilling program of approximately 8,800 feet (2,680m) planned, Program anticipated to expand LCE from 1.085MT to >2.5MT, Step-out drill holes at 500 to 700m spacing to maintain Inferred category of MRE, One hole will be drilled into Precambrian basement in center of gravity low, Gravity low may represent extensively thick clays both in the Upper, Lower, and Basal Red-Beds, Holes will test Lower Clay to expand tonnage potential and thicker sequence correlative with gravity low which also has the potential for exceptional lithium grades.

This new programme is targeting significantly thicker clay sequences, consistent if not higher lithium grades and thicker lower clay sequence, with the potential to also discover new clays within the nearly 2km2gravity low. Bradda Head Lithium received an affirmative decision from the BLM on February 28th with confirmation that it could conduct exploration drilling on the Basin North notice of intent (NOI) amendment and based on a reclamation bond increase with permission to proceed on 3.8 acres of surface disturbance. Earth moving equipment was mobilized to prepare drill sites and experienced core drilling contractors brought in to conduct the drilling.

Like previous drilling programs conducted at Basin, drill holes will be vertical, but when clay horizons are encountered the Company's plan is to convert to a triple tube core capture technique which ensures high recovery and provides the Company with many options for sampling, density measurements, and geotechnical data for future studies.