Patriot Battery Metals Inc. announced the next batch of core assay results for drill holes completed in 2024 at the CV5 Spodumene Pegmatite. The Corvette Property, wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec. The CV5 Spodumene Pegmatite, with a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li2O inferred1, is situated approximately 13.5 km south of the regional and allweather Trans-Taiga Road and powerline infrastructure.

Core assay results for 20 drill holes, completed during the recently completed 2024 winter drill program at the CV5 Spodumene Pegmatite, are reported herein. Highlights include: 122.5 m at 1.42% Li2O, including 35.8 m at 2.15% Li2O (CV24-405). 71.4 m at 1.57% Li2O, including 14.2 m at 3.15% Li2O (CV24-435).

68.7 m at 1.56% Li2O and 22.5 m at 1.04% Li2O (CV24-414). 74.9 m at 1.28% Li2O, including 28.1 m at 2.28% Li2O (CV24-423A). 53.0 m at 1.22% Li2O, including 25.0 m at 1.65% Li2O (CV24-450).

The results of the drill holes reported herein cover a significant strike length of the CV5 Spodumene Pegmatite. The holes were completed at varying orientations targeting specific sections of the pegmatite body at depth over a significant strike length. The results continue to demonstrate robust thicknesses and lithium grade of the spodumene pegmatite body(s) that define CV5.

The 2024 winter drill program at CV5 focused on resource infill and covered ~3.9 km of the total 4.6 km pegmatite strike length defined to date. The primary objective of the infill drilling is to improve the confidence of the geological model at CV5 to support an upgrade of mineral resources from the inferred category to the indicated category. This includes the delineation of a coherent body of indicated mineral resources to support advanced development and pending economic studies at CV5.

The 2024 winter drill program (now complete), totaled 62,518 m (166 holes), including 50,961 m (121 holes) at CV5, and 11,557 m (45 holes) at CV13, of which 38,886.6 m (111 holes) remain to be reported - 27,611 m (67 holes) at CV5, and 11,276 m (44 holes) at CV13. This includes multiple holes that remain to be reported targeting the newly discovered high-grade zone at CV13. An updated MRE for the Corvette Project, incorporating drilling through April 2024, is scheduled for third quarter of 2024.

This MRE update will include both the CV5 and CV13 spodumene pegmatites and a total anticipated metreage of 134,129 m (369 holes) and 29,121 m (133 holes), respectively.