Vancouver, BC – December 29, 2022 – Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL50: Frankfurt) announces that further to its news release of December 20, 2022 regarding its non-brokered private placement for a maximum of 12,000,000 Units at a price of $0.30 per Unit, for gross proceeds of a maximum of $3,600,000, the private placement has been increased to 13,250,000 Units for maximum gross proceeds of $3,975,000 (the “Offering”).