Lodestar Battery Metals provided an update on the field work at its Peny Property. Remote sensing data was acquired by Lodestar in June 2023, to aid in target delineation to facilitate effective field exploration during the current field program. Numerous Volcanic Massive Sulphide related targets have also been identified where hydrothermal alteration and typical iron oxide anomalism delineates broad targets for VMS potential.

Airborne Magnetic and Radiometric Survey. Axiom Geophysics & Remote Sensing ("Axiom Group") was contracted to complete a helicopter-supported magnetic and radiometric survey at 100m spacing over the Property. The survey was completed in August 2023, and preliminary images have now been produced by Axiom Geophysics and the results and have identify numerous magnetic low features coincident with previously defined spectral anomalies that may represent non-magnetic pegmatite dykes and sills.

Additionally, the surface radiometric images produced illustrate similar radiometric high anomalies also associated with hyperspectral and low-magnetic targets. Many of the hyperspectral anomalies identified from the previous remote sensing data acquisition when compared with radiometric data and magnetic data show broadly coincident anomalism and general alignment with the spectral targets and air photography that has been compiled over the project. Many of these spectral, low-magnetic and radiometric anomalies will be ground-truthed during the upcoming field program.

Helicopter-Assisted Rock Sampling Program. The Lodestar team is currently synthesizing all the final geophysics and remote sensing data at Peny to systematically rank each of the new specific target areas which will be prioritized for landing sites for the upcoming rock sampling program. The experienced team at Axiom Group have been secured to manage the helicopter assisted rock sampling program with the assistance of Gogal Air Services.

Two teams are currently mobilizing to Snow Lake to commence the field program which is anticipated to last ten days. Axiom Group is utilizing XRF technology to target light elements such as lithium and associated pathfinder metals cesium and tantalum known to occur in LCT pegmatites. This hand-held technology will be effectively utilized as an important vectoring tool with immediate results and greatly assist Lodestar's exploration efforts during this upcoming program.

Qualified Persons. Luke van der Meer (P.Geo.) is the Vice-President Exploration of the Company and is a Qualified Person ("QP") as defined by National Instrument 43-101 guidelines - Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed the technical information of this news release.