Champion Electric Metals Inc. announce that the Company executed an agreement to acquire the Griesbach Lithium Project located in the pegmatite-rich Eeyou Istchee James Bay territory of Quebec. The newly acquired claims are within the Company's existing property package. Champion Electric now controls 1036 claims representing 529.17 km in James Bay.

As part of the agreement, Champion Electric acquired 55 claims for 1,700,000 common shares of the Company. Half of the common share consideration included in the agreement incorporate a voluntary escrow of 18 months from the date of issuance. Additionally, the Vendors retain a 2% net smelter royalty.

The Company has the option to repurchase 1% of the NSR from the Vendors for $1 million. The Projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and approved this news release have not verified scientific or technical information produced by third parties, and proximity to projects containing lithium resources offers no assurance that the rock types or lithium resources reported by Patriot and others extend onto the Projects and such proximity is not necessarily indicative of the mineralization reported by third parties with projects in the district.