Battery Mineral Resources Corp. announced encouraging drill core assay results from the recently completed Phase 1 exploration and in-fill drill program at the Dalmacia target of the Punitaqui mine complex (`Punitaqui") in Chile. Drilling continues at the Cinabrio Norte target where two diamond drills are in operation.

The Punitaqui mine is slated for resumption of copper concentrate production in mid to late-2022. The Dalmacia target is located in the southern portion of the Punitaqui area about six kilometers ("km") south of the Punitaqui copper processing plant. The Dalmacia target has underground mining access, partially delineated mineralized zones and is targeted as a potential new source of ore feed to the Punitaqui plant.

Highlights: Final assay results for the following Dalmacia drillholes include:. DS-21-17: 12 meters ("m") at 3.15% Copper ("Cu"), 47m at 1.34% Cu including 28 at 1.39% Cu. DS-21-30: 7m at 1.31% Cu and 3m at 1.31% Cu.

DS-21-31: 12m at 097% Cu, 3m at 1.55% Cu and 3m at 2.81% Cu. DS-22-01: 3m at 1.26% Cu. DS-22-02: 21m at 1.16% Cu, 11m at 1.28% Cu and 33m at 1.54% Cu including 11m at 3.25% Cu.

DS-22-03: 5m at 0.97% Cu . DS-22-05: 2m at 3.23% Cu. DS-22-06: 17m at 2.21% Cu.

DS-22-07: 3m at 0.98 Cu. DS-22-08: 24m at 0.81% Cu including 15m at 1.00% Cu and 9m at 1.24% Cu The phase 1 drill program at Dalmacia of 9,757 meters in 52 drill holes is complete. Significant copper mineralization was reported in 43 of the 52-hole phase 1 Dalmacia North program.

Geological drill cross-sections are being compiled and updated. Once completed an updated 3D geological model will be finalized. Once final assays results are received, the new 3D geological model and assay database will form the basis of a resource estimate to be completed by JDS Energy & Mining Inc., our independent consultants.

Preliminary planning for a follow-up infill Reverse Circulation ("RC") program at Dalmacia North and an exploration and infill drill program of the remaining 1,000m of strike length at Dalmacia is well underway.