Future Battery Minerals Ltd (ASX: FBM) (FBM or the Company) is pleased to announce that drilling at the Nevada Lithium Project (NLP), NV. USA (80%) has now commenced.

FBM Technical Director Robin Cox commented: 'FBM is excited to be back drilling again in Nevada, where previous programmes at Lone Mountain successfully discovered a significant scale of lithium claystone highlighted by the current mineralised east-west strike of 3km and north-south strike of 1.3km, which still remains open to the south for a further 2km. The Company is now on track towards establishing a Maiden Mineral Resource Estimate (MRE) at the NLP, and the current drilling programme is the crucial next step in achieving this milestone. This has the potential to add significant value to the project and for our shareholders, in addition to the ongoing drilling at the Kangaroo Hills Lithium Project (KHLP).'

Drilling Programme

The resource drilling programme will consist of up to 20 wide spaced holes of both RC and DD core. Alford Drilling LLC's DD rig is now on-site collecting core samples at Lone Mountain. The DD core samples will provide a more accurate control on geology and will further test a number of locations where previous drilling techniques failed to reach the planned target depth. The core samples taken will also be used for comparative analysis to RC samples and to investigate any potential grade discrepancies between the RC and DD core sampling techniques. The RC drilling is scheduled to commence in November following completion of permitting to the south of Lone Mountain and will cover over 2km of additional prospective strike.

Contact:

Email: mike.edwards@futurebatteryminerals.com

Competent Persons Statement

The information in this announcement that relates to exploration results is based on and fairly represents information compiled by Mr Robin Cox BSc (E.Geol), a Competent Person, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Cox is the Company's Chief Geologist and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cox consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Future Battery Minerals Limited's planned exploration program and other statements that are not historical facts. When used in this document, the words such as 'could,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may', 'potential', 'should,' and similar expressions are forward-looking statements. Although Future Battery Minerals Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

About the Nevada Lithium Project (NLP) - 80%

The 80% owned Nevada Lithium Project (NLP) consists of four (4) key prospects, Traction, San Antone, Lone Mountain and Western Flats comprising >90km2 of ground that is considered highly prospective for larger sedimentary-hosted lithium deposits. The region is home to several large sedimentary-hosted lithium deposits including Ioneer Resources' (ASX: INR) Rhyolite Ridge and American Lithium Corporation's (TSX.V: LI) (US OTC: LIACF) (Frankfurt: 5LA1) TLC Lithium Project. Albemarle Corporation's (NYSE: ALB) Silver Peak Lithium Mine, currently the only producing lithium mine in North America, lies approximately 45 km to the west of the NLP. The Company completed its Phase 1 maiden 2,900m reverse circulation (RC) drilling programme in March 2023, which successfully discovered Lithium (Li) bearing claystone lithologies of the Siebert Formation highlighted by the intercept of 109.7m @ 766ppm Li from 135.6m WF23-0112 . Significantly, thick high-grade Li-claystone was intersected in three additional drill holes at Western Flats Prospect. The Company is currently advancing the projects under a permit referred to as a Notice of Intent (NOI).

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