Mr. Gregg Smith reports

GROUNDED LITHIUM REPORTS SECOND QUARTER 2026 FINANCIAL AND OPERATING RESULTS

Grounded Lithium Corp. has released its financial and operating results for the three- and six-month periods ended June 30, 2026. Selected financial and operational information is set out in this news release, and should be read in conjunction with the company's June 30, 2026, financial statements and the related management's discussion and analysis (MD&A), which are available for review on SEDAR+ or the company's website.

Corporate update

The company also announces a successful acquisition of certain oil and gas mineral rights from a recent Saskatchewan Crown land sale. The successful acquisition was made in conjunction with the company's existing partners with the lands located nearby and adjacent to existing acreage. With a larger core land position, the company anticipates future drilling for conventional oil wells that support its broader plan to diversify its asset base and provide corporate cash flow to support its lithium initiatives near Kindersley, Sask.

About Grounded Lithium Corp.

Grounded Lithium is a publicly traded lithium brine exploration and development company that controls approximately 1.0 million metric tonnes of measured and indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tonnes of inferred lithium carbonate equivalent resource over our focused landholdings in southwestern Saskatchewan as per the company's updated PEA (preliminary economic assessment). The updated PEA, titled "NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project -- Phase 1 Update," dated Nov. 7, 2023, and effective as of June 30, 2023, reports a phase 1 NPV8 (net present value at 8 per cent) after tax of $1.0-billion (U.S.) with an after-tax IRR (internal rate of return) of 48.5 per cent. Grounded Lithium's multifaceted business model involves the consolidation, delineation, exploitation and ultimately development of the company's opportunity base to fulfill its vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift.

Qualified person

Scientific and technical information contained in this news release has been prepared under the supervision of Doug Ashton, PEng, Alexey Romanov, PGeo, Meghan Klein, PEng, Dean Quirk, PEng, Jeffrey Weiss, PEng, Chad Hitchings, PLEng, and Michael Munteanu, PEng, each of whom is a qualified person within the meaning of National Instrument 43-101.

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