Issuing options

Bradda Head Lithium Ltd. (AIM:BHL)(TSXV:BHLI)(OTCQB:BHLIF) (“Bradda Head” or the “Company”), a North American focused lithium developer, is pleased to announce that it has issued an option. Announced. certain directors and management team of the Company (together, the “Recipients”) to approve the stock option plan (the “Options”) at the next Annual General Meeting of Shareholders, as detailed below;

A total of 4,800,000 new options were issued to recipients representing 1.2% of the Company’s issued share capital. Each has a strike price of £0.06 (or C$0.10), representing a 22% premium over the closing market price on Thursday 6 April 2023.

Options granted are subject to the following terms (and other terms of Bradda Head’s Stock Option Plan (the “Plan”)).

• Options vest immediately upon approval.
• There are no terms of performance or non-performance attached to them.
• It is exercisable for 5 years from the date of issuance.and
• Options issued to each Participant expire when either Participant ceases to be an employee or affiliate receiving compensation from the Company.

Details of the Directors and PDMRs included in the award are shown in the table below.

Our total number of options is now 37,831,304, representing 9.7% of our issued share capital.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange and the approval of the Stock Option Plan (announced December 21, 2022) by a majority vote cast at the Company’s shareholders’ meeting. Voting by Optioned Shareholders. If no such approval is obtained, the option ends. No option may be exercised until such approval is obtained. This approval will be sought at the Company’s next Annual General Meeting and Special General Meeting, scheduled to be held in September 2023. Approval of the Plan will also be sought at this meeting.

For more information, please contact:

About Bladder Head Lithium

Bradda Head Lithium Ltd. is a North American focused lithium development group. The company is currently interested in a variety of projects, the most advanced of which are the Basin Project (Basin East Project and Basin West Project) and the Wikiup Project in central and western Arizona.

The Basin East Project has an Inferred Mineral Resource of 21.2 Mt with an average grade of 891 ppm Li and 3.5% K for a total LCE of 100 kt and an Inferred Mineral Resource of 73.3 Mt with an average grade of 694 ppm Li and 3.2% K. I have. K for a total of 271 kt LCE. For the remainder of the basin project, SRK has estimated exploration targets between 300 and 1,300 Mt, a material grade between 600 and 850 ppm Li corresponding to a range of 1 to 6 Mt LCE. The group continues to develop his three Phase 1 projects in Arizona while working to unlock the value of other pegmatite and brine assets slated for Arizona, Nevada, and Pennsylvania. . All Bradda Head licenses are owned on a 100% equity basis and are in close proximity to the required infrastructure.

Bloodhound is traded on the London Stock Exchange’s AIM under the ticker BHL, on the TSX Ventures Exchange under the ticker BHLI and on the US OTCQB market under the ticker BHLIF.

Forward-Looking Statements

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release. This news release contains certain “forward-looking statements” that are not statements of historical fact. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including language to the effect that we or management expects the stated conditions or results to occur. . Forward-looking statements “believe,” “expect,” “intend,” “expect,” “estimate,” “may,” “could,” “would,” will”, or “plan”. Forward-looking statements are based on assumptions and address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. These statements are based on information currently available to us, but there is no guarantee that actual results will meet management’s expectations. Due to the risks, uncertainties and other factors associated with forward-looking information, actual events, results, performance, prospects and opportunities may not be expressed or implied by such forward-looking information. can vary greatly. Forward-looking information in this news release includes, but is not limited to: our purpose, goals or future plans; Factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: Failure to identify mineral resources. Failure to translate probable mineral resources into reserves. Delay or failure to obtain required regulatory, governmental, environmental or other project approvals. political risks; future operating and capital costs, timelines, permitting timelines, markets and future prices and demand for lithium, and the continued ability to work collaboratively with stakeholders, including governments at the local level. . Uncertainty about the availability and cost of future funding needs. Stock market changes, inflation, exchange rate changes, commodity price fluctuations. Project development delays, capital and operating costs significantly different than estimated. our inability to anticipate and manage the impact of COVID-19 on our business; This includes, but is not limited to, the impact of COVID-19 on commodity prices, capital market conditions, labor force, international travel and supply chain restrictions. Other risks associated with the mineral exploration and development industry and risks described in the company’s public documents filed with SEDAR. Although we believe that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, such information applies only as of the date of this news release. undue reliance should not be placed on and no warranty is given. Such events are assumed to occur within the disclosed time or not at all. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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sauce:Bladder Head Lithium Limited

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