Global Battery Metals Ltd. announced the Company has completed a geochemical characterization survey on the Knockeen - Carriglead prospect, which may be the source of the six previously announced surface samples returning values between 0.70% Li2O to 2.95% Li2O, at its North-West Leinster Lithium Project. To date, a total of 46 rock samples and 233 deep overburden samples along with 13 QAQC samples have been submitted to ALS Laboratories for analysis. GBML confirms that assay results, with a particular focus on the Knockeen - Carriglead prospect located on Prospecting Licence Area ("PLA") 1597 A, are anticipated to be returned before the end of the year.

Additionally, the Company is also pleased to provide a progress report on each of its other battery metal prospective projects - having advanced all projects over the course of 2022. Key updates include: Lithium King (Lithium), Utah - the Company anticipates drilling to begin in First Quarter 2023. Late summer drill plans were delayed due to unusually high rain fall creating property access challenges.

The project jurisdiction and size remain appealing, as shallow sampling suggests favourable grade potential as per USGS shallow (<8 m) drill samples which had grades as high as 1,200ppm. (Shallow samples may not reflect the basin brine's composition and drilling with brine sampling is needed to confirm the presence of Lithium in the basin brines.); La Poile (Lithium), Newfoundland - Initial Fall exploration program consisting of prospecting and sampling has been completed on this hard rock lithium project covering 80 sq. km in the south of Newfoundland and Labrador.

Phase I sample gathering now complete with assay results expected by mid-January 2023 or earlier; Sawyer Camp (Nickel-Copper), Michigan - located approximately 50 kilometres to the south of the Eagle mine owned by Lundin Mining Corporation, GBML has completed two scout drill holes, confirming the presence of an ultramafic body situated below Palaeozoic cover rocks. A surface electromagnetic survey of approximately 7 line-km along with two horehole electromagnetic surveys to test for conductivity potential related to Ni-Cu-PGE mineralization were recently completed, with interpretation pending. These results will help inform drilling considerations and next steps; · Central (Nickel-Copper) - Michigan - located approximately 90 kilometres to the south of the Eagle mine owned by Lundin Mining Corporation, GBML has completed a surface electromagnetic survey of approximately 10 line-km, with interpretation pending; · Lara (Copper), Peru - 55% owned by GBML, an option was granted to Minsur (a large, private Peruvian mining company operating a nearby copper mine) with staged acquisition payments, of which the first two payments have already been made.

Minsur continues to work on the property, with GBML retaining a 0.75% royalty.