Patriot Battery Metals Inc. announced the assay results from the third and fourth holes of its inaugural drill program at the Company's Corvette-FCI Property, located in the James Bay Region of Quebec. The third drill hole (CF21-003) targeted the CV5 Spodumene Pegmatite outcrop from the opposite side, on the same section, as the first drill hole (CF21-001). The fourth drill hole (CF21-004) targeted the CV6 Pegmatite outcrop, which is located approximately 550 m along strike west-southwest of drill holes CF21-001 and 003, and approximately 650 m along strike from drill hole CF21-002.

The CV5-6 pegmatites form part of the more than 25 km long CV Lithium Trend that is host to multiple spodumene pegmatite occurrences. The third drill hole of the program (CF21-003) was collared approximately 20 m from the CV5 Pegmatite outcrop, on its north side. As the first two drill holes (CF21-001 and 002), collared on the southside of CV5, indicated the pegmatite had a conformable strike; however, a non-conformable dip to the local geological fabric, the third hole was designed to constrain the dip direction at this location.

Drill hole CF21-003 returned a well mineralized pegmatite interval assaying 1.25% Li2O and 194 ppm Ta2O5 over 58.1 m, including1.80% Li2O and 264 ppm Ta2O5 over 33.0 m. The drill hole indicates a moderate to steep dip to the north-northwest at this location, and infers a true width of the pegmatite to approximate 60 m. However, additional drilling, planned to commence this quarter, is required to establish the true orientation of the pegmatite. The fourth drill hole of the program (CF21-004) was collared approximately 20 m from the CV6 Pegmatite outcrop, on its south side, approximately 550 m west-southwest and along strike of drill holes CF21-001 and 003, and returned a pegmatite intersection of 63.6 m assaying 0.64% Li2O and 223 ppm Ta2O5, including30 mat 1.13% Li2O and 180 ppm Ta2O5. With over 223 ppm Ta2O5 across the entire length of pegmatite at this location, the potential for a highly fractionated pegmatite with discrete zones of unique mineralization is implied for the CV Lithium Trend.

Geological modelling and the magnitude of drill intersections suggests that the CV5 and CV6 pegmatites are connected and may form part of a singular, larger pegmatite body. Additional drilling is required to confirm the Company's interpretation and is a primary objective of the 2022 drill campaign. To date, 4 drill holes at the CV5-6 pegmatites have been completed with analytical results for all 4 drill holes now reported.

Coupled with the surface sampling data, the analytical results indicate a pegmatite body with significant lateral and depth potential and collectively emphasize the size of the mineralizing system present within this portion of the overall CV Lithium Trend. It is anticipated that drilling throughout 2022 will confirm the magnitude of the CV5 and CV6 pegmatites, as well as the numerous other lithium pegmatites found throughout the Property.