Patriot Battery Metals Commences Quebec's Largest Lithium Drill Campaign at the Corvette Property

17 January 2024

Patriot Battery Metals Inc. is pleased to announce it has commenced the 2024 winter drill campaign at its wholly owned Corvette Property (the "Property" or "Project"), located in the James Bay Region of Quebec. Additionally, the Company has completed the construction of a winter road (approximately 20 km in length), extending site access from the all-season Trans-Taiga Road to the CV5 drill area.    

The 2024 winter drill program has commenced and is planned to increase to ten (10) drill rigs by the end of January until late April.  A minimum meterage of 45,000 m (NQ core size) is anticipated to be completed over the winter period. The primary objective of the program is infill drilling to improve the confidence of the CV5 Pegmatite's geological model to support an upgrade in the confidence of the maiden mineral resource estimate from the inferred category to the indicated category. This is the most aggressive drill campaign undertaken to date by the Company at the Corvette Property. The Company intends to provide an updated mineral resource estimate to the market in in the third quarter of 2024.

Blair Way, Company President, CEO, and Director, comments: "We have another huge year ahead of us with this aggressive drill campaign to upgrade the resource and continue to de-risk the Project. It is an exciting time for the Company."

Qualified/Competent Person

The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.

Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.