BUENOS AIRES, ARGENTINA / ACCESSWIRE / June 21, 2024 / NOA Lithium Brines Inc. (TSX-V:NOAL) ("NOA" or the "Company") is pleased to announce that further to its press release dated August 28, 2023 regarding the property agreement ("Property Agreement") with CDN Maverick Capital Corp. ("CDN") for the acquisition of the Nevasca property ("Chascha Norte Claim"), the Company and CDN have agreed to amend a property payment of US $250,000 in cash and US $250,000 in common shares to US $50,000 in cash and US $450,000 in common shares at a price of $0.30 per common share, allowing CDN to increase its shareholdings in NOA. NOA has now made payment of this US $50,000 in cash and has issued 2,064,750 common shares at a deemed price of $0.30 per common share to CDN, as part of this third property payment of the Chascha Norte Claim, which is a fully permitted claim within NOA's 78,000 hectares Arizaro Project, located in the Salta Province. All other commercial terms of the Property Agreement remain unchanged.

Gabriel Rubacha, Chief Executive Officer and Director of NOA, stated, "The amendment to our agreement with CDN demonstrates the upside potential of NOA, allowing CDN to increase its participation in NOA, considering that we have recently expanded our estimated resource to 3.8M tonnes LCE @ 535 mg/l average concentration in our Rio Grande Project, making it one of the largest undeveloped and unencumbered projects in the Lithium Triangle. Additionally, and as previously disclosed, we are continuing to evaluate options for possible partnerships for our Arizaro project, that will allow NOA to unlock additional value to our shareholders".

About NOA Lithium Brines Inc.

NOA is a lithium exploration and development company formed to acquire assets with significant resource potential. All NOA's projects are located in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations owned by some of the largest players in the lithium industry. NOA has rapidly consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a producing company, with key positions on three prospective salars, being Rio Grande, Arizaro, Salinas Grandes, and totalling over 140,000 hectares.

On Behalf of the Board of Directors,

Gabriel Rubacha

Chief Executive Officer and Director

For Further Information On The Company

Website: www.noalithium.com
Email: info@noalithium.com
Telephone: +54-9-11-5060-4709
Alternative Telephone: +1-403-571-8013