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on NOA Lithium Brines Inc. (isin : CA6393571022)

NOA Lithium Files Updated NI 43-101 Technical Report and Boosts Mineral Resource Estimate by 24% at Rio Grande Project

Buenos Aires, Argentina—July 10, 2024—NOA Lithium Brines Inc. (TSXV:NOAL, FSE:N7N) has announced an updated NI 43-101 Technical Report for its Rio Grande project. This includes the results of a fifth drill hole and a CSAMT survey on all properties within the project.

The report, prepared by Montgomery and Associates, reveals an additional 616,000 tonnes of Lithium Carbonate Equivalent (LCE) of measured resource. This brings the total measured resource to 2,094,000 tonnes, reflecting a 42% increase from previous estimates. The measured and indicated resources now total 2,658,000 tonnes, a 38% rise.

The new Mineral Resource Estimate (MRE) at the Rio Grande Project totals approximately 4.7 million tonnes of LCE with an average concentration of 525 mg/l. This marks a 24% increase from the previously estimated 3.8 million tonnes.

CEO Gabriel Rubacha expressed optimism about the substantial increase in the resource estimate and the future development of the Rio Grande Project.

R. P.

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