Patriot Battery Metals Inc. announced core assay results for 14 additional drill holes from its 2022 drill campaign at its wholly owned Corvette Property, located in the James Bay Region of Quebec. The primary drill area is focused at the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure. The 14 drill holes reported herein targeted mineralization at the eastern and western areas of the currently defined CV5 Pegmatite.

Drill hole CV22-083 returned the strongest lithium mineralized interval to date at the CV5 Pegmatite with 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O, and was completed as a 100 m step-out along strike of drill hole CV22-066, which intersected 113.1 m of 1.61% Li2O. The step-out drilling at the eastern end of the CV5 Pegmatite, which remains open in both directions along strike, is targeting a near-surface, high-grade zone that has been intersected in CV22-017, CV22-042 and CV22-066 . Drill hole CV22-083, as announced herein has intersected the interpreted extension of this high-grade zone, returning the highest lithium grades to date from the CV5 Pegmatite.

This includes forty-five individual core samples over 3.0% Li2O, twenty-fiveover 4.0% Li2O, eighteen over 5.0% Li2O, and seven over 6.0% to a peak of 6.87% Li2O. To date, this high-grade zone, as confirmed by assay, has been traced over a strike length of approximately 250 m – from drill hole CV22-017 to 083. Drill hole CV22-093 was completed as a 100 m step-out easterly along strike of drill hole CV22-083, targeting an extension of the high-grade zone.

The assays for CV22-093 remain to be reported; however, the hole intersected spodumene pegmatite over 52.2 m. Additionally, drill hole CV22-069 undercut drill hole CV22-066 and returned 45.3 m of 1.72% Li2O, including 31.0 m at 2.11% Li2O, thereby extending the high-grade mineralized zone at depth at this location, which remains open. The first series of drill holes at the recently commenced winter drill program will continue to probe this high-grade zone moving eastwards. Drill hole CV22-074 is the most westerly drill hole completed to date at the CV5 Pegmatite and returned a well-mineralized interval of 16.9 m at 2.00% Li2O.

The Company intends to continue step-out drilling along strike westwardly as part of the current winter drill program to test for the extension of the spodumene pegmatite. The pegmatite is interpreted to continue for at least another 125 m in this direction based on a mineralized outcrop present along strike. It is possible that the CV5 Pegmatite may extend under the relatively thin glacial till cover to the CV13 Pegmatite cluster, situated approximately 4.3 km to west-southwest, which is anticipated to be drill tested during the 2023 drill campaign.

Further, strong intersections continue to be retuned over the western portions of the drill area at CV5, including 41.3 m at 1.01% Li2O, 31.2 m at 1.95% Li2O and 49.5 m at 1.33% Li2O. Visually, the spodumene pegmatite is very similar at both the eastern and western extent of the drill area, emphasizing the scale and robustness of the lithium mineralizing system at CV5. For the drill holes reported herein, core assays for pegmatite intervals greater than two m. Drill hole coordinates which has a downloadable excel spreadsheet listing assay results from prior drill holes.

Core assay results for twenty-four drill holes from the 2022 drill campaign remain to be reported – ten at the CV5 Pegmatite cluster and fourteen at the CV13 Pegmatite cluster. The 2022 drill campaign at Corvette has significantly expanded lithium mineralization at the CV5 Pegmatite. The drilling to date has largely been completed at approximately 100 m spacing with the principals podumene pegmatite body, flanked by several secondary lenses, currently traced by drilling over a distance of at least 2,200 m, remaining open along strike at both ends and to depth along most of its length.