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Independent Analysis Supports Hydraulic Borehole Mining Method Applicability for Bonnie Claire Lithium Project

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Executive Summary

Nevada Lithium Resources Inc. has received independent validation for its proposed mining methodology at the Bonnie Claire Lithium project in Nevada. WSP UK Limited, a recognized engineering consultancy, completed a technical due diligence review that supports the applicability of Hydraulic Borehole Mining Method (HBHM) for the project. This represents a crucial milestone in the project's development pathway, as independent technical validation is essential for advancing lithium projects toward production.

The HBHM approach represents an innovative extraction methodology that could offer advantages over traditional mining methods for certain lithium deposits. Having an independent firm like WSP validate the technical feasibility provides third-party credibility that will be valuable for future financing discussions and permitting processes. This validation comes at a time when lithium demand continues to grow driven by electric vehicle adoption and energy storage requirements.

For Nevada Lithium, this positive assessment strengthens the company's position in advancing Bonnie Claire toward development. The independent nature of the review adds credibility to the company's technical approach and may help differentiate the project in a competitive lithium development landscape. The validation of HBHM methodology could also have broader implications for the industry, particularly for deposits where traditional mining approaches may face environmental or economic challenges.

The timing of this announcement positions Nevada Lithium to potentially capitalize on continued strong lithium market fundamentals. With independent technical validation now secured, the company can proceed with greater confidence in advancing permitting, detailed engineering, and financing activities. The successful application of HBHM at Bonnie Claire could also establish a precedent for similar projects across the lithium sector.
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Press Release

Vancouver, British Columbia – April 29,2026 – Nevada Lithium Resources Inc. (TSXV: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to announce the results of an independent technical due diligence review conducted by WSP UK Limited (“WSP”) on the Hydraulic Borehole Mining Method (“HBHM”) at its 100% owned Bonnie Claire Lithium project (the “Project” or “Bonnie Claire”)…

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