Patriot Battery Metals Inc. announced that it has concluded the winter/spring component of the 2022 drill campaign at its wholly owned Corvette Property (the “Property”). Further, the Company reported that, based on drill holes completed to date, the geological 3D modelling indicates that pegmatite continues across the lake from CV5 towards CV1 – a strike length of at least 1,400 m – and the working geological model continues to indicate that the pegmatite body is thickening at depth. The target drill area – at the CV Lithium Trend – is located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure, within the James Bay Region of Quebec.

The winter/spring phase of the 2022 drill campaign began in late February with two diamond drill rigs, which remain on site in preparation the summer/fall phase of the drilling expected to commence in early June. A total of twenty (20) NQ size diamond drill holes (4,352 m) were completed during the winter/spring phase and included seventeen (17) holes collared over ice, and three (3) holes collared over land. The geological team remains on site for final processing of the drill core received and to prepare the program's final shipment of samples for transport to the laboratory for analysis.

The Company is using SGS Canada (Lakefield, ON, and Burnaby, BC facilities) as their primary analytical lab. The primary objective of the winter/spring drill program was to test for mineralized pegmatite along strike from surface outcrops, potentially connecting the CV5-6 pegmatites with the CV1-2 pegmatites, as well as testing the mineralization at depth. The Company reported that, based on drill holes completed to date, the geological 3D modelling indicates that pegmatite continues across the lake from CV5 towards CV1 – a strike length of at least 1,400 m. The lithium-bearing mineral spodumene has been field identified in multiple drill holes, including the final two (2) drill holes of the program.

No core sample assays have been received. In addition, the working geological model continues to indicate that the pegmatite body is thickening at depth, as is evidenced by drill holes CV22-016, 019, 031, and 028, which tested the down-dip extension of drill holes CV22-015, 018, 025, and 027, respectively, and returned significantly wider intercepts. Orientation of drill holes along with logged pegmatite intercepts are presented in Table 1. The location of drill holes completed to date.

The summer/fall phase of the drilling is scheduled to begin June 1st, and detailed planning is underway for the remaining approximately 15,000 m campaign. This drilling will focus on continued land-based infill and step-out holes around CV5-6 and CV1-2, as well as testing new regional targets. The Company is also evaluating the addition of a third drill rig to enable increased production during the summer/fall program.

The aggressive 2022 drill campaign is being completed as a direct follow-up to the strong lithium-tantalum mineralization encountered in the first four (4) drill holes to test the CV5-6 pegmatite this past fall. Drill intercept highlights include 155.1 m at 0.94% Li2O and 117 ppm Ta2O5 (CF21-002), and 58.1 m at 1.25% Li2O and 194 ppm Ta2O5 (CF21-003). The Company notes that it has developed a COVID Management Plan for the program and will carry out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic.

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