Grounded Lithium Spuds First Oil and Gas Well, Advancing Near-Term Cash Flow Strategy

About this update from Grounded Lithium Corp

CALGARY, AB, Feb. 25, 2026 /CNW/ - (TSX.V: GRD OTCQB: GRDAF) - Grounded Lithium Corp. ("GLC", "Grounded", or the "Company") announces we have begun drilling the first of a two well program targeting oil and gas resources near Marsden, Saskatchewan. As communicated in our press release dated January 14, 2026, Grounded has diversified its potential resource base by acquiring certain oil and gas mineral rights. The two wells will be drilled from one pad or surface location, saving time and capital in lease construction and facilitating ease of our future production operations. As the wells in the program are relatively shallow, the intention is to quickly follow drilling activities with associated completion activities and bring successful wells onto production as quickly as possible. It is anticipated based on well type curves in the surrounding area that payout under the various agreements that Grounded is party to, will occur in six to twelve months based on current commodity prices. Post-payout, net operating income payable to Grounded will enhance working capital reserves to fund Grounded's ongoing commitments associated with the Kindersley Lithium Project. About Grounded Lithium Corp. GLC is a publicly traded lithium brine exploration and development company that controls approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource over our focused land holdings in Southwest Saskatchewan as per the Company's updated PEA. The updated PEA, titled "NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project – Phase 1 Update" dated November 7, 2023 and effective as of June 30, 2023, reports a Phase 1 NPV8 after-tax of US$1.0 billion with an after-tax IRR of 48.5%. GLC's multi-faceted business model involves the consolidation, delineation, exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/. Qualified Person Scientific and technical information conta...

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