FE Battery Metals Ltd. announced results of Drill Holes LC23-60 and LC23-61 from the 2023 exploratory drill program at its Augustus Lithium Property in Quebec, Canada. These drill holes intersected lithium-bearing pegmatites in a previously unexplored area approximately 600 metres to the west of the main Augustus Prospect, between Augustus and the Beluga Lithium zones. This new area, between the main prospects, sits within the prospective structural corridor that was interpreted by the Quebec Geologic survey to possess similar mineral potential as the North American Lithium Mine (NAL) geology.

The Company's airborne geophysical survey completed in 2022 also supports this geologic continuity. Highlights: Drill hole LC23-60 intersected two lithium pegmatites as follows: The upper pegmite intersected 2.75 m wide zozone with average 2810 parts per million (ppm) lithium (Li) or 0.60% lithium oxide (Li2O) at 78 m drilled depth; including one-metre-wide zone with 1.34% Li2O at 78.75 m depth. There are highly anomalous values of other rare metals in this section with average 140.67 parts per million beryllium (Be), 53.94 ppmcesium (Cs), 59.20 ppm niobium (Nb), 1,033.33 ppm rubidium (Rb) and 72.23 ppm tantalum (Ta).

At 87.1m a 2 m wide pegmatite averaged 5190 ppm Li or 1.12% Li2O; which included a one-metre-wide zones with 1.51% Li2O at 88.1 m depth. Anomalous values of other rare metals In this section with average 177.50 ppm Be, 46.15 ppm Cs, 85.60 ppm niobium (Nss), 1,550 ppm Rb and 79.65 ppm Ta. A few other pegmatite intercepts are with over 500 ppm Li.

Drill Hole LC23-61 intersected a 2.3 m wide lithium pegmatite with average 2,467 ppm Li or 0.53% Li2O at 207.7 m drilled depth. There are anomalous values of other rare metal in this section with average 133.67 ppm Be, 26 ppm Cs, 97.83 ppm Nb, 816 ppm Rb and 66.80 ppm Ta. The drill hole was ended when still in mineralization due to technical problems in drilling.

Drill hole LC23-60 was drilled at location 5367532 N, 286532E, UTM NAD 1983 Zone 18N, at azimuth 38.6 degrees and dip -47.7 with a drilled depth of 176 m. -- Drill hole LC23-61 was drilled at location 5367931N, 286681E, UTM NAD 1983 Zone 18N, at azimuth 227.2 degrees and dip -56.7 with a drilled depth of 196 m.