Grid Battery Metals Inc. announce that 2024 Exploration Program has officially started on its Clayton Valley Lithium Project. The 2024 Exploration Program will begin with a Magnetotelluric (MT) geophysics survey performed by the KLM Geoscience ("KLM") as overseen by Grid's Qualified Professional, Mr. Steven McMillin P.G. At the Grid Clayton Valley Lithium Project, MT Systems will be deployed using 100m inline and 100m crossline electric field dipoles, at a station spacing of 250m and line spacings of 500m. A total of 85 station sites are planned for the survey.

A pair of horizontal (x,y) magnetic field sensors, oriented parallel to the electric field dipoles will be deployed at every other site and MT sites will record overnight for a minimum of 14-16 hours. The geophysical survey plan is to deploy a minimum of five (5) MT sites per day, using a six (6) person crew. The MT survey is a preferred method for identifying strata that may contain lithium brine (evidenced by low resistivity), structures that potentially focus brine, and basin floor geometry.

The follow-on soil sampling program will identify where subsurface brine may have reached the surface. The combination of MT and geochemistry will assist the Company in determining the next steps for its 2024 exploration including the planning of a first phase drill program.