*Source: “Preliminary Economic Assessment NI 43-101 Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada” (Effective date of August 20, 2021, and Issue date of September 23, 2021). The Qualified Person for the mineral resource estimate is Terre Lane of Global Resource Engineering Ltd., of Denver, CO, USA. The Mineral Resource estimate, based on borehole mining methods, is 3,407.3 Mt at 1,013 ppm Li (inferred) for 18.372 Mt of Lithium Carbonate Equivalent (LCE). The estimate is based on an assumed lithium price of 13,400 $/tonne Li2C03, a cut-off grade of 700 ppm Li, and Li2C03 to lithium ratio of 5.323. The borehole constraint assumes a 68% mining recovery and 5% dilution. Numbers have been rounded to reflect the accuracy of the estimate and may not sum due to rounding. Mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. It is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. The technical report is filed, as required by NI 43-101, on the Company’s SEDAR profile at www.sedar.com.”

The technical information on this page have been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company and Qualified Person.

All quotes are delayed at least [20] minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of Nevada Lithium Resources Inc. we strongly advise you to seek independent professional advice before making any investment decision. Nevada Lithium Resources Inc. makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

The disclosure on this page includes statements containing forward-looking information within the meaning of applicable Canadian securities law (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “develop”, “plan”, “continue”, “expect”, “intend”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “propose” and other similar words, or statements that certain events or conditions “may” or “will” occur, and on this page include the statements regarding the Company’s expectations concerning: market demand for lithium and EVs; the price of lithium; shifts in the automotive industry from gas to electric vehicles; the positioning of the Bonnie Claire Lithium Project in Nevada and globally; the economic viability of the Bonnie Claire Lithium Project; and the ultimate ability for the Company to move assets to production, including the Bonnie Claire Lithium Project. Forward-looking statements are only predictions based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Factors that could materially affect such forward-looking information are described under the heading “Risk Factors” in the Prospectus, including the schedules attached thereto, that is available on the Company’s profile on SEDAR at www.sedar.com. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Sources:

1. https://www.usgs.gov/centers/nmic/mineral-commodity-summaries
2. https://www.bnnbloomberg.ca/how-this-lithium-company-is-riding-the-ev-trend-to-new-heights-1.1572812
3. https://www.globalxetfs.com/lithium-explained/
4. https://www.ft.com/content/b13f316f-ed85-4c5f-b1cf-61b45814b4ee
5. https://www.albemarle.com/locations/north-america/nevada
6. https://www.mining.com/lithium-americas-shares-up-on-thacker-pass-approval/