Patriot Battery Metals Inc. announced the next batch of core assay results from the CV13 Spodumene Pegmatite, including holes targeting the recently discovered high-grade zone, from its recently completed 2024 winter drill program at Corvette. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec. The CV13 Spodumene Pegmatite is located approximately 3 km west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li2O inferred and is situated approximately 13.5 km south of the regional and allweather Trans-Taiga Road and powerline infrastructure.

Core assay results for 28 drill holes, completed during the 2024 winter drill program at the CV13 Spodumene Pegmatite, are reported herein. Highlights include: Vega Zone: 33.4 m at 2.40% Li2O, including 11.1 m at 4.33% Li2O, and 17.6 m at 1.89% Li2O, including 5.6 m at 3.40% Li2O (CV24-507). 43.2 m at 1.10% Li2O, including 12.9 m at 3.06% Li2O (CV24-498).

27.1 m at 1.02% Li2O including 7.6 m at 2.39% Li2O (CV24-513). 32.1 m at 0.78% Li2O, including 10.7 m at 2.17% Li2O (CV24-499). These drill holes (CV24-498, 499, 507, and 513) were completed as follow-up to the Vega Zone's discovery hole (CV24-470), which returned 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O.

These drill holes successfully expanded the footprint of the Vega Zone and include the highest individual core sample assay reported to date at Corvette ­ 1.7 m at 7.01% Li2O (CV24-507). Geological modelling indicates the Vega Zone to be relatively flat-lying to shallow dipping and near-surface (starting at ~100 m vertical depth from surface), covering an area of approximately 350 by 125 m with an interpreted true thickness of ~8 to 30+ m, hosted within a wider moderately to strongly mineralized pegmatite body. The Vega Zone is open in several directions with multiple step-out holes targeting the zone remaining to be reported.

Based on pegmatite intersections to date at the Vega Zone, coupled with local trends inferred from magnetic data, the interpreted prospective corridor at CV13 has been significantly expanded to include areas to the north, northwest, and northeast. This highly prospective lithium pegmatite corridor is of high priority for drill testing, especially in the immediate area surrounding the Vega Zone. A follow-up drill program at CV13, focused on further delineation of the high-grade Vega Zone, is currently being finalized and is anticipated to be carried out during the summer-fall drill program.

This follow-up drilling will target extensions of the principal pegmatite body(s) and the Vega Zone to the west, north, and east within this prospective corridor. To date, the CV13 Spodumene Pegmatite, through outcrop and drill hole data, is confirmed to extend over a strike length of at least 2.3 km and down dip at least 400 m, and remains open at both ends and to depth. As follow-up to drill hole CV23-311, which returned 28.7 m at 1.49 Li2O located along the eastern arm of CV13 (See news release dated April 7, 2024), drill hole CV24-446 was completed and intersected 18.3 m at 1.84% Li2O.

Collectively, drilling in the immediate area of these two drill holes has confirmed the presence of a series of variably mineralized stacked pegmatite dykes. This is significant as it implies an increase in overall pegmatite volume in the area and potential for individual mineralized lenses to coalesce along strike and/or at depth. Additionally, drilling along the western arm of CV13 has successfully extended the pegmatite body to depth at more than 400 m down dip (~190 m vertical depth from surface).

The pegmatite intercepts are variably mineralized, ranging from <5 m to ~20 m in thickness. Intercepts reported herein from the western arm at CV13 include 13.5 m at 1.15% Li2O (CV24-497), 14.3 m at 0.80% Li2O, including 10.1 m at 1.09% Li2O (CV24-436) and 8.6 m at 1.21% Li2O (CV24-518). In this area of CV13, the pegmatite remains open to the northwest and at depth.

The 2024 winter drill program totaled 62,518 m (166 holes), including 50,961 m (121 holes) at CV5, and 11,557 m (45 holes) at CV13, of which 32,149 m (83 holes) remain to be reported ­ 27,611 m (67 holes) at CV5, and 4,538 m (16 holes) at CV13. This includes multiple step-out holes that remain to be reported targeting the newly discovered high-grade Vega Zone at CV13. An updated MRE for the Corvette Project, incorporating drilling through April 2024, is scheduled for third quarter 2024.

This update will include both the CV5 and CV13 spodumene pegmatites for a consolidated mineral resource statement for the Corvette Project. Core sample assays for drill holes reported herein from the CV13 Spodumene Pegmatite are presented in Table 1 for all pegmatite intersections >2 m.