Dr. Thomas Benson reports

LITHIUM AFRICA TO STRENGTHEN BOARD OF DIRECTORS WITH NOMINATION OF JOHN KANELLITSAS AND ERNIE ORTIZ

John Kanellitsas and Ernie Ortiz will stand for election to Lithium Africa Corp.'s board of directors at the company's annual general meeting (AGM) to be held on Aug. 21, 2026.

Dr. Thomas Benson, chief executive officer, commented: "John and Ernie are two of the most respected leaders in the lithium sector, and I am thrilled to welcome them as we build Lithium Africa into a world-class exploration and consolidation platform. John has been a mentor to me since my time at Lithium Americas and Lithium Argentina, where he helped guide both companies through periods of exploration, development and extraordinary growth. Ernie has spent his career at the centre of critical minerals capital markets, and his track record in structuring and financing lithium assets around the world is exactly the expertise that will help us deliver value for our shareholders, our host countries and the communities where we operate."

The company also announces that Robert Eckford will not stand for re-election to the board at the AGM. The board and management sincerely thank Mr. Eckford for his valuable contributions since joining the board in October, 2024, and wishes him continued success in his future endeavours. As previously announced, Tyron Breytenbach, PGeo, stepped down from the board effective July 1, 2026, and continues to support the company as capital markets adviser.

About John Kanellitsas

Mr. Kanellitsas is chairman of Lithium Argentina AG, which he joined as an independent director in June, 2013, when the company was known as Lithium Americas Corp. He has held various executive roles with both companies since September, 2015, including interim chief executive officer from October, 2023, to March, 2024. He has more than 30 years of experience in the investment banking and asset management industries and was a co-founder and chief operating officer of Geologic Resource Partners LLP from 2004 to 2014. Earlier in his career, he held positions with Sun Valley Gold LLC and Morgan Stanley & Co. in New York and San Francisco. He has served on several public and private company boards, including Lithium Royalty Corp. and Largo Physical Vanadium Corp. Mr. Kanellitsas holds a bachelor of science in mechanical engineering from Michigan State University and a master of business administration from the University of California, Los Angeles.

About Ernie Ortiz

Mr. Ortiz co-founded Lithium Royalty Corp. (LRC) in 2018 and served as its chief executive officer and president, building a globally diversified critical-minerals royalty portfolio spanning jurisdictions including Argentina, Australia, Brazil, Canada, Mali, Serbia, Finland and the United States. He led the company through its initial public offering on the Toronto Stock Exchange in March, 2023 -- the only IPO completed on the Toronto Stock Exchange that year -- raising $150-million, and subsequently through its acquisition by Altius Minerals Corp., which was completed in March, 2026. He began his career as an equity research analyst in the basic materials group at Credit Suisse in New York and later served as a buy-side analyst focused on lithium, battery components and specialty chemicals. Mr. Ortiz is a founding member of the London Metal Exchange (LME) lithium and cobalt committee, serves on the board of directors of Sinova Global Inc., and is a CFA charterholder. He holds a bachelor of arts in economics from the University of Chicago and is fluent in English and Spanish.

Further information regarding the nominees will be included in the company's management information circular for the AGM, which will be filed under the company's SEDAR+ profile.

About Lithium Africa Corp.

Lithium Africa is a capital-efficient lithium exploration and consolidation company assembling a portfolio of hard-rock lithium assets across Africa. Through its 50/50 joint venture with GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Group Co. Ltd., the company holds an indirect 50-per-cent interest in lithium exploration projects in Ivory Coast, Guinea, Zimbabwe and Mali. In addition, the company is acquiring a majority interest in the Springbok project in South Africa, which is held outside the joint venture. \

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