Unaudited Interim Results for the 9 and 3 Months

Bradda Head Lithium Ltd (AIM:BHL, TSX-V:BHLI), the North America-focused lithium development group, is pleased to announce that it has today published its unaudited financial results for the nine and three-months ended 30 November 2023, and the Management's Discussion and Analysis for the same period.

Both of the above have been posted on the Company's website www.braddaheadltd.com and are also available on SEDARplus (www.sedarplus.ca/landingpage).

Financial and operational highlights

• The Company released an updated Mineral Resource Estimate ("MRE") on 28 September 2023, which includes a total Inferred LCE content of 1.0 Mt.
• The total new MRE now comprises 17.0 million tonnes in the Indicated category at 940 ppm carrying 85kt LCE, and 210 million tonnes in the Inferred category at 900 ppm, carrying 1,000 kt LCE.
• The average in situ grade of the Inferred Basin East Mineral Resource has increased from 694 to 900 ppm Li, a 30% increase.
• Following the release of an updated MRE and as per the Royalty Agreement with the Lithium Royalty Corporation ("LRC"), Bradda Head formally requested payment of US$ 2.5 million from LRC, with funds being received during October 2023.
• Drilling continued at our San Dominog pegmatite asset, with first assay results being received where grades of up to 0.83% Li2O over 6.35m and 1.03% Li2O over 3.05m were identified.

Ian Stalker, Chairman of Bradda Head, commented:

"This quarter has been one that reflects the efforts we are putting into all our USA Lithium Projects, with positives steps made at our San Domingo lithium in pegmatite asset, our Basin Sedimentary Lithium Clay Project and a re-evaluation of our Lithium in Oli Brines in Texas and Pennsylvania. This project effort is allied to our own house keeping efforts to ensure Bradda Head treasury is solid going forward. Staff numbers have been reduced without impact on our operational performance and unnecessary corporate expenditure reduced or removed. The Board recognizes that the quality of the Projects we own in the USA demand that we prepare ourselves in such a way as to be ready to move quickly and efficiently for the undoubted next wave of Lithium demand and uptick in pricing. We are well set to achieve this strategy.

Drilling continued through the quarter at San Domingo with the first set of assay results highlighting the potential of the area. These results increased our knowledge of the intriguing spodumene-rich pegmatite district, and the drill hole geochemistry provides an improved understanding of the pegmatite characteristics and mineralogical zoning at San Domingo, particularly at the Midnight Owl and Bolt targets. Assay results received post period end support our view of the near surface potential spodumene lithium resource in the Central section of our San Domingo property.

Over at our lithium in clay Basin Project, we are moving closer to finalising the next drill programme, expected to commence during H1 2024.

The pace of development will continue, and we look forward to updating our shareholders as we receive exploration results."

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About Bradda Head Lithium Ltd.

The Basin East Project has an Indicated Mineral Resource of 17 Mt at an average grade of 940 ppm Li and 3.4% K for a total of 85 kt LCE and an Inferred Mineral Resource of 210 Mt at an average grade of 900 ppm Li and 2.8% K (potassium) for a total of 1.0 Mt LCE. In the rest of the Basin Project SRK has determined an Exploration Target of 250 to 830 Mt of material grading between 750 to 900 ppm Li, which is equivalent to a range of between 1 to 4 Mt contained LCE. The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada, and Pennsylvania. All Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure. Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL, and on the TSX Venture Exchange with a ticker of BHLI.