Vancouver - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ('Battery' or 'BMR' or the 'Company') is pleased to announce encouraging drill core assay results from the 2021 exploration and in-fill drill program at the Punitaqui mine complex ('Punitaqui') in Chile.

Punitaqui is slated for resumption of copper concentrate production in mid to late-2022. The Dalmacia Target is second of several historic zones within BMR's Punitaqui project with partially delineated resources and established underground access. Dalmacia is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing plant. Battery CEO Martin Kostuik states; 'Our recent acquisition of the former producing Punitaqui copper mine in Chile will give our investors an opportunity to participate in a potentially significant re-rating in BMR's valuation as we transition from development to operations and positive cash-flowing. The development of Punitaqui towards a restart is progressing well on all fronts such as drilling, engineering and permit modifications and we look forward to presenting the restart plan for the mine in Q1 2022.

In addition, as the drilling program progresses across the various mineralized zones, we are excited to report the first of many results for Dalmacia. These new drilling results demonstrate that this program has the potential to provide the Company with an additional source of copper ore along with existing ore at the Cinabrio mine and the mineralization at the San Andres target. We look forward to providing further exciting updates for the drill program as we progress towards a potential near term resumption of operations and cashflow at Punitaqui'

Punitaqui Copper Mine

Punitaqui is a former producing copper mine located in the Coquimbo region of Chile with an eight-plus year operating history within which produced up to 25 million pounds of copper in concentrate annually. Punitaqui was recently acquired by BMR via a private placement equity financing announced on July 13, 2021. BMR began developing the project immediately by initiating a drilling program, operating and environmental permit modifications and engineering studies.

Dalmacia Drill Program

Program comprises both confirmation and step-out diamond core drilling

Currently, two diamond core drills are in operation at Dalmacia.

Thirteen holes have been completed for 2,628 meters of diamond core drilling and the program continues

The Dalmacia target is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui processing plant. The first drilling occurred in 1993-1994 when 49 reverse circulation ('RC') holes totaling 9,972m were completed. Exploration drilling at Dalmacia North has been completed at a grid spacing of 25m x 25m and 15m x 15m at Dalmacia South. In total, 229 drill holes (98 RC holes and 131 diamond core holes) have been drilled for a total of 53,294m.

The geological setting of the Dalmacia target is different from both the Cinabrio Mine and San Andres target which are located 20 kilometers to the north. Dalmacia is situated within a roof-pendant of volcanic rocks, with minor calcareous intercalations of Middle to Upper Jurassic age. This volcano-sedimentary complex is intruded by younger aged granites located in a reverse fault.

Copper-gold mineralization is related to regional structures and deformation zones, developed mainly in the contacts between granite and volcano-sedimentary rocks.

Sample assay results, reported herein, are from the first two drill holes from the Dalmacia target.

Drillhole DS-21-01 was designed as an infill drill hole to test Dalmacia mineralization in the central portion of the target just west of the portal. It was drilled in a southeast direction, across the grain of previous drilling, and between drill holes SD-58 (24m at 1.96% Cu) and DS-11-02 (18.9 m at 1.30% Cu). DS-21-01 resulted in five intercepts; 12m grading 1.79% Cu and 2.5g/t Ag from 79m downhole including 8m at 2.44% Cu, 3.2g/t Ag and 0.04g/t Au from 80m, a second interval of 23m grading 1.16% Cu and 1.7g/t Ag from 105m downhole including 13m at 1.56% Cu and 2.1g/t Ag from 115.0m downhole including 7m at 2.32% Cu, 3.1g/t Ag and 0.04g/t Au from 115m, a third intercept of 2m at 1.06% Cu, 0.7g/t Ag and 0.03g/t Au from 137m downhole; a fourth interval of 4m at 0.89% Cu and 0.4g/t Ag from 180m downhole as well as a fifth hit of 4.9m at 0.72% Cu and 0.6g/t Ag from 220m downhole.

About Battery Mineral Resources Corp.

A battery mineral company with high-quality assets providing shareholders exposure to the global mega-trend of electrification and focused on growth through cash-flow, exploration and acquisitions in the world's top mining jurisdictions. Battery is currently developing the Punitaqui Mining Complex and pursuing the potential near term resumption of operations for second half of 2022 at the prior producing Punitaqui copper-gold mine. The Punitaqui copper-gold mine most recently produced approximately 21,000 tonnes of copper concentrate in 2019 and is located in the Coquimbo region of Chile.

Battery is engaged in the discovery, acquisition, and development of battery metals (cobalt, lithium, graphite, nickel and copper), in North and South America and South Korea with the intention of becoming a premier and sustainable supplier of battery minerals to the electrification marketplace. Battery is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp, Canada and continues to pursue a focused program to build on the recently announced, +1-million-pound high grade cobalt resource at McAra by testing over 50 high-grade primary cobalt silver-nickel-copper targets. In addition, Battery owns 100% of ESI Energy Services, Inc., also known as Ozzie's, a pipeline equipment rental and sales company with operations in Leduc, Alberta and Phoenix, Arizona.

Contact:

Martin Kostuik

Tel: +1 (604) 229 3830

Email: info@bmrcorp.com

Forward Looking Statements

This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law.

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