NOA Lithium Retains PI Financial as Strategic Advisor To Assist in Maximizing Value of the Company's Arizaro Project

BUENOS AIRES, ARGENTINA / ACCESSWIRE / April 16, 2024 / NOA Lithium Brines Inc. (TSX-V:NOAL)(FSE:N7N) ("NOA" or the "Company") is pleased to announce the retention of PI Financial Corp. ("PI Financial") as its corporate financial advisor to assist in evaluating various options for its Arizaro Project ("Arizaro") on behalf of the Directors of the Company and its shareholders.

During the last few months, the Company has signed a number of non-disclosure agreements with multiple parties who have expressed various interests in certain assets of the Company, including Arizaro.

The Arizaro project consists of 78,000 hectares of mining properties that has seen limited exploration by the Company, but other mining companies have been exploring the same salar with promising results for the development of lithium projects. The Company believes that based on the public information available and geophysical studies performed, the Arizaro project may be the next asset in our portfolio to be developed, unlocking additional value for shareholders of the Company.

The Company remains focused on its flagship project, Rio Grande, where during the second quarter of 2024 it plans to commence the second stage of its exploration campaign which will aim to expand its current resource of 2.3 M ton LCE (M+I+I) @ 612 mg/l average lithium concentration through the drilling of unexplored properties (only 4,400 of NOA's 37,000 hectares have been explored here), as well as further develop the project with the expansion of pumping wells, and additional water exploration and early conceptual process engineering plans.

The Company cautions that there are no assurances that the evaluation of potential options to maximize shareholder value will result in the approval or completion of any specific transaction or outcome. The Company does not intend to provide further disclosure on this matter unless the Directors of the Company determine it is needed or such disclosure is required by applicable laws or TSX Venture Exchange Policies.

About PI Financial

Established in 1982, PI Financial is a leading, full-service, independent investment dealer, providing a full range of investment products and services to corporate and institutional investors. PI Financial has been advising and servicing the capital needs of the global mining industry for over 30 years with its very specialized and focused group of professionals.