Alpha Lithium Corporation reported that an independent fresh water recharge study (the Study) on its 100% owned Tolillar Salar asset has confirmed the on-site fresh water source is more than sufficient to support the Company's planned 50,000 tonnes per annum (tpa) lithium chemicals production facility. The preliminary Study, initiated eight months ago, indicates that the fresh water aquifer located within the Tolillar Salar mining tenements can sustainably support 5,109,279 m3 /year (583 m3 /hour) of fresh water withdrawals, without affecting the fresh water reserves in this sector of the basin. Sustainable exploitation of the fresh water aquifer requires that the net outflows (Exploitation) are greater than the net inflows (Recharge).

The Study refers to only one of three fresh water targets the Company plans to investigate on its Tolillar property. Much of the Lithium Triangle surrounding Tolillar Salar is classified as a high-altitude desert, with near-zero absolute humidity, making the general area drier than the Sahara Desert and one of the driest places on earth. Since abundant fresh water is rarely found in the Lithium Triangle, and it is a necessity for the production of lithium chemicals, the discovery of an industrial scale supply is a tremendous competitive advantage for the Company.

According to the Study completed by industry expert, Conhidro SRL, Alpha enjoys the advantage of controlling a very large aquifer that can deliver large amounts of fresh water at high rates, and importantly, the Company does not have to compete with any other regional producers for that fresh water. Technically, the most important considerations with fresh water sources for the purposes of lithium production are: The existence and size of a fresh water aquifer; The desired rate of fresh water Exploitation; The proven rate of fresh water Recharge; Competitive drainage of the aquifer by other operators; The distance between the production facility and the aquifer As outlined in the Study, Alpha's fresh water aquifer in Tolillar has the following estimated considerations: The Company has drilled four fresh water wells, two aquifer monitoring wells and the broader basin is estimated to have an areal extent of 444 km2 (171 square miles). Water usage of a 50,000 tpa LCE plant, for example, is expected to require no more than 500 m3 /hour, without recycling or optimizing water usage.

Rate of Recharge of Alpha's fresh water aquifer is estimated at 583 m3/hour (5,109,270 m3/year). There are no competitive drainage issues within the Tolillar aquifer, as the aquifer exists on the Tolillar Salar, the entirety of which is owned 100% by Alpha, and all of which is contained under Alpha's mining tenements. The pilot plant, which is currently under construction, and the proposed 50,000 tpa lithium chemicals production facility are located on the Tolillar Salar, and a very convenient distance to the fresh water aquifer.