Dr. Thomas Benson reports

LITHIUM AFRICA CORP. ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING

Lithium Africa Corp. has released the results of its annual general meeting of shareholders held on Aug. 21, 2026, in Vancouver, B.C.

Shareholders voted in favour of all of the matters put before the meeting, as more particularly described in the management information circular of the company filed with SEDAR+ on July 21, 2026, namely:

• Electing each of the seven nominees named in the circular as directors of the company for the ensuing year;
• Appointing Baker Tilly WM LLP, chartered professional accountants, as auditor of the company for the ensuing year and authorizing the directors of the company to fix the auditor's remuneration;
• Approving, by ordinary resolution, the continuation of the company's omnibus long-term incentive plan until the next annual general meeting of the company;
• Approving, by ordinary resolution of disinterested shareholders, an amendment to the omnibus plan increasing the maximum number of common shares reserved for issuance thereunder from 3,979,702 to 4,995,663 common shares, being 20 per cent of the common shares outstanding as at the record date, and permitting the board of directors of the company to accelerate the vesting of awards, subject to the policies of the TSX Venture Exchange;
• Approving, by ordinary resolution of disinterested shareholders, the cancellation of an aggregate of 1,931,835 outstanding stock options and the grant of an aggregate of 997,909 replacement restricted share units to certain insiders, consultants and employees of the company;
• Approving, by ordinary resolution of disinterested shareholders, amendments to the vesting terms of an aggregate of 1,075,000 RSUs granted on Feb. 18, 2026, to certain directors, officers and consultants of the company;
• Approving, by ordinary resolution of disinterested shareholders, the grant of 750,000 RSUs to Dr. Tom Benson, chief executive officer and a director of the company, in excess of the participation limits under the omnibus plan.

Voting results are as follows.

The amendment to the omnibus plan, the cancellation of the options and the grant of the replacement RSUs, the amendments to existing RSU grants, and the grant of RSUs to Dr. Benson each remain subject to the acceptance of the TSX-V. Common shares issued on settlement of awards granted to insiders are subject to a four-month hold period commencing on the effective date of grant, in accordance with the policies of the TSX-V.

Ernie Ortiz and John Kanellitsas were elected to the board for the first time. As previously announced on July 13, 2026, Robert Eckford did not stand for re-election at the meeting. The board and management thank Mr. Eckford for his contributions since joining the board in October, 2024, and wish him continued success in his future endeavours. Following Mr. Eckford's departure, the reconstituted audit committee comprises Mr. Ortiz (chair), Carl Esprey and Toluwalase Seriki; the reconstituted corporate governance and nominating committee comprises Mr. Kanellitsas (chair), Mr. Esprey and Blake Hylands; and the reconstituted compensation committee comprises Mr. Ortiz (chair), Mr. Kanellitsas and Mr. Esprey.

"We thank shareholders for their support of each of the matters put before the meeting," said Dr. Benson, chief executive officer and director. "We are delighted to welcome Ernie Ortiz and John Kanellitsas to the board; their depth of experience across the lithium sector and capital markets will be instrumental as we advance our exploration portfolio across Africa. In addition, transitioning from stock options to milestone-based restricted share units aligns management's equity incentives with the company's growth while reducing the number of common shares underlying outstanding awards."

For further information regarding the matters considered at the meeting, readers are encouraged to review the circular, a copy of which is available under the profile for the company on SEDAR+ and available on the company's website.

Grant of RSUs

In connection with James Chabata's appointment as chief financial officer, as previously announced on Aug. 4, 2026, the board has approved the grant of 300,000 RSUs, together with an additional award with a value of $30,000 (U.S.), to Mr. Chabata under the omnibus plan. The number of RSUs comprising the $30,000 (U.S.) award will be determined based on the market price of the company's common shares at the time of grant. All RSUs shall be granted upon his appointment, effective Oct. 1, 2026.

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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