Nevada Lithium Announces Robust Preliminary Economic Assessment, Reporting US$6.83 Billion After-Tax NPV, 32.3% After-Tax IRR & 2.8 Year Capital Payback for its High-Grade Bonnie Claire Lithium Project

Vancouver, British Columbia – August 6, 2025 – Nevada Lithium Resources Inc. (TSXV: NVLH; OTCQB: NVLHF; FSE: 87K) (“Nevada Lithium” or the “Company”) is pleased to announce the results of an updated Preliminary Economic Assessment (“PEA”) on its 100% owned Bonnie Claire lithium project (the “Project” or “Bonnie Claire”), located in Nye County, Nevada. The PEA has been prepared by Global Resource Engineering Ltd., (“GRE”) of Denver Colorado and Fluor Enterprises, Inc. (“Fluor”) of Greenville, South Carolina, with technical input from Kemetco Research Inc. (“Kemetco”) of Richmond, British Columbia, and Kinley Exploration LLC (“Kinley”) of Overland Park, Kansas.   The PEA has an effective date of March 31, 2025.  The PEA incorporates a new Mineral Resource Estimate (“Mineral Resource Estimate”), with an effective date of March 31, 2025.  The Company will file an updated technical report with respect to the Project, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) on its public SEDAR+ profile available at www.sedarplus.ca within 45 days of the date of this news release. Nevada Lithium’s CEO, Stephen Rentschler, comments: “We are pleased to release the results of an updated PEA that reflect the latest work on our lithium/boron project in Nevada. […]