Acquisition Of Inlier Claims At San Domingo

BRITISH VIRGIN ISLANDS - Bradda Head Lithium Ltd.(BHL) has acquired three inlier lode claims in the middle of its Central San Domingo claim block, in Arizona. Following the promising results released so far from its first drill program, which finished in March, BHL has acquired the three inlier claims (c.60 acres) in the middle of its San Domingo pegmatite district. There are no royalties associated with the lode claims. The lode claims owners granted written permission for BHL to drill on their claims prior to acquisition upon which the final hole, SD-DH23-046, was drilled into a pegmatite (Lower Jumbo Target) and encountered abundant visible spodumene, assays pending. The Lower Jumbo mine (which is located on the border of one of the inlier lode claims) has a 1.5m long spodumene cast in outcrop and historic mining that reportedly produced c.155 tonnes at a grade of 5.3% Li2O in the 1950's.

The acquisition of these claims ensures BHL can fully explore all the surrounding area at its Central claim block, where five historic lithium mines are located. The work done to date by Bradda geologists has given the Company confidence in acquiring these claims, and will form a key part of the Phase 3 drill program due to start later this year. Recently published results from the Central claim blocks, where BHL has had very promising results. Large spodumene crystals with scattered lepidolite are observed in all 6 holes drilled on the Jumbo target, with assays pending for the last hole (SD-DH23-038a). Results from the adjacent Jumbo Target include 9.54m @ 1.85% Li2O in SD-DH23-037 and 4.02m @ 1.27% Li2O in SD-DH23-035, both at shallow depths. The assays received so far not only demonstrate that we have significant intersections of pegmatites with visible lithium minerals (spodumene and some lepidolite) in the Northern Claim blocks, but also that BHL has identified intersections of up to 20.0m (Lower Jumbo and Jumbo) of potential lithium bearing intersections at the Central Claim blocks, indicating the presence of a potential 9km mineralized trend.

The acquisition of the inlier claims allows Bradda to fully explore the whole 9km trend without encumbrance. Work is ongoing to maximize the potential of the inlier claims in Phase 3 of drilling at San Domingo.

Charles FitzRoy, CEO, said, "We are delighted to have acquired these three claims. They are located right at the heart of our San Domingo district, a district where our recent assay results have already proved to have district scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene. We are looking forward to testing further in H2 of this year and look forward to further proving up the potential of this district.

"Bradda is in the process of designing a follow-up drilling program in H2 of this year aimed at testing additional ground within the much wider 23km2 of lithium pegmatite claims and leases held in Arizona. The acquisition of the inlier claims strengthens Bradda's position and funds are already in place for this planned work, and ongoing exploration work by our geologists suggests that we have only just scratched the surface of what we have at San Domingo with just over 1% of the area tested from this first program. We look forward to sharing further developments of this exciting project.

"As well as progressing its pegmatite projects, Bradda Head recently announced commencement of drilling at its Basin Project and a 2nd resource update in less than 12 months at its lithium in clay Basin project in Arizona. With almost 0.4Mt of LCE already in compliant resources Bradda Head now has the largest publicly announced lithium resource in Arizona and 2023 is expected to be yet another resource growth year for the Company."