Bradda Head Lithium Ltd. provided an update on work at its Basin Project in Arizona. The lithium-in-clay, resource-expansion drilling programme has concluded with the completion of eight drill holes on the Basin North target portion of the Basin project. A resource expansion from 1.08 million tons (MT) to a minimum of 2.5 MT of lithium carbonate equivalent (LCE) would generate a US$3 million royalty payment to Bradda Head from Lithium Royalty Company (LRC).

To date, partial results have been received, with the remainder still pending and the Company will make further announcements as these are received in full. The Company has also been working on the next phase of exploration at San Domingo hard rock Pegmatite Project and is excited to present a brief description of the next work program where several high-profile pegmatite targets have received little if any exploration and present excellent opportunities for growth. In addition, follow-up on last year's drilling and this year's channel sampling are planned.

Average hole depth of 285 meters (934 feet) with a range of 231 to 387 meters (757 to 1,269 feet) in a total of 2,353 meters (7,720 feet) drilled This was less than the 2,682 meters (8,800 feet) initially envisaged as a result of finding shallower clay targets than anticipated · Further resource increase anticipated following the definition of a window 900 meters wide (east-west) by 1,780 meters in length (north-south), consistent continuous lithium-bearing Upper and Lower Clay units, it has the potential to continue expanding, being wide open in all directions · Thickest Upper Clay unit at 103 meters in the center of the drill pattern discovered at hole BND24-19 · Two holes were drilled on State Lands and designed to capture lower clay; substantially increasing the lower clay reach from Basin East to the northern end of Basin North, a linear distance of 3.3km · Program was successfully completed under budget and without any environmental or safety incidents · Completion of this program has produced promising visual results, Bradda Head's geology team are now able to recognise that the clays contained strong characteristics of high lithium values, and are greatly encouraged by the clays seen in the past eight drill holes · The Qualified Person (QP) has made a site visit and was provided with all the geological and technical information, and the geologic block model has been revised to reflect the new intervals from drill hole lithologies and peripheral surficial geology. The Company is diligently working on the next phase of exploration at the 100% owned San Domingo pegmatite project. The team believe that there is excellent potential to find new lithium bearing pegmatites given the extensive size of the nearly 33 square kilometer property and limited amount of ground coverage to date.

In addition, to developing new targets, there will be follow up on last year's drill hole intercepts, as well as this year's excellent channel sampling at Morning Star, White Ridge, and Midnight Owl. The future plan will be to strategically place drill holes to test channel sample mineralization and offset down-hole mineralization in order to grow resource potential at all three targets. The summer program is expected to include geologic/structural mapping, channel and rock chip sampling, and additional soil sampling to refine targets for potential drilling, specific details of which will follow later.

The Yellowstone target, for example, has multiple lithium-caesium-rubidium geochemical anomalies across a 900 by 900 meter target area where spodumene was identified in the field during cursory reconnaissance and this, as well as other targets, require detailed work to elevate them to drill target status. The Company remains very encouraged by the strong soil geochemistry and presence of spodumene. Additionally, the Company has undrilled targets such as Dragon, where surface rock chip samples detected up to 7.99% Li2O from a mine dump sample with 10 out of 48 rock chip samples containing over 0.50 % Li2O.

The Dragon area will be the focus of channel sampling, taking advantage of excellent road access to several historic and shallow lithium prospects.