NOA Lithium arranges $4-million private placement

Mr. Gabriel Rubacha reports NOA LITHIUM ANNOUNCES BOUGHT DEAL LIFE PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$4.0 MILLION NOA Lithium Brines Inc. has entered into an agreement with Red Cloud Securities Inc., as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 15,384,616 units of the company at a price of 26 cents per unit on a bought deal basis in a private placement for gross proceeds of approximately $4-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 40 cents at any time on or before that date which is 36 months after the closing date (as herein defined). The company will grant to Red Cloud an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 3,846,154 units at the offering price for additional gross proceeds of up to approximately $1-million. The underwritten offering and the securities issuable upon exercise of the overallotment option shall be collectively referred to as the offering. The company intends to use the net proceeds from the offering for the advancement of the company's Rio Grande project in the Salta province of Argentina, as well as for general corporate purposes and working capital. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the units will be offered: (a) by way of a private placement to purchasers resident in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario (and, with the consent of the company, in Quebec) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption; (b) in the United States or to, or for the account or benefit of, United States persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended; and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities to be issued pursuant to the sale of units to purchasers in Canada are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation. The units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under Alberta Securities Commission Rule 72-501 (Distributions to Purchasers Outside Alberta) (ASC Rule 72-501) and, accordingly, securities issued pursuant to the offering to purchasers outside of Canada in accordance with ASC Rule 72-501 are not expected to be subject to a four-month hold period in Canada. There is an offering document related to the offering that can be accessed under the company's SEDAR+ profile and on the company's website. Prospective investors should read this offering document before making an investment decision. The offering is scheduled to close on or about Nov. 20, 2025, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including but not limited to, the receipt of all necessary approvals, including the approvals of the TSX Venture Exchange. 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 and Salinas Grandes, and totalling over 140,000 hectares. We seek Safe Harbor.