Patriot Battery Metals Inc. announced the remaining core assay results for drill holes completed in September to November 2023 at the CV13 and CV9 spodumene pegmatites. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec. The CV13 and CV9 spodumene pegmatites are located approximately 3 km west-southwest and 14 km west of the CV5 Spodumene Pegmatite, respectively, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred1 and is situated approximately 13.5 km south of the regional and allweather Trans-Taiga Road and powerline infrastructure.

CV13 Pegmatite, 2023 Drill Results Drill results for the remaining 20 drill holes completed in 2023 at the CV13 Spodumene Pegmatite are reported herein. These holes primarily target the near-surface and downdip extension of the principal pegmatite body along its western and eastern limbs. Results are highlighted by drill hole CV23-311 which returned 28.7 m at 1.49% Li2O, including 20.4 m at 2.03% Li2O, and represents a newly discovered zone at shallow depth (~135 m vertical depth from surface).

This is the widest mineralized drill intercept reported to date from CV13. Additionally, the sum of all pegmatite intercepts in the hole totalled 71 m over 13 separate intervals, which is also the most pegmatite encountered in a single drill hole at CV13 reported to date. Although some of these additional intercepts have low to moderate spodumene contents, the presence of a marked increase in pegmatite intercepts downhole is significant and indicates a stacking of pegmatite dykes.

Stacking of pegmatite dykes is an indicator of a potentially larger total volume of pegmatite which may have a reasonable potential to thicken and/or coalesce into a larger body down-dip, up-dip, or along strike. This area is of keen interest for follow-up. The most eastern drill hole (CV23-365) completed in 2023 at CV13, also the final hole of the 2023 drill program, returned 19.7 m at 0.43% Li2O, including 6.3 m at 1.22% Li2O.

This is significant as it builds upon the 30+m pegmatite intersections from the 2022 drill holes in the area that were only weakly mineralized. The mineralized interval in CV23-365 supports a thickening of the pegmatite in this area, which is also now confirmed to be accompanied by material levels of spodumene mineralization. This area of CV13 is also of keen interest for follow- up.

Moving northwest along the western arm at CV13, drill hole CV23-324 returned a strong intercept of 20.2 m at 1.16% Li2O, including 15.4 m at 1.49% Li2O. Geological cross-sections of this area interpret mineralized spodumene pegmatite traced down-dip at least 280 m (~130 m vertical depth from surface). Moving further northwest along the western arm, the principal pegmatite thins to <5 m at places, although remains open and often well mineralized.

Results reported herein include 12.6 m at 0.80% Li2O, including 8.8 m at 1.07% Li2O (CV23-346), 7.8 m at 1.53% Li2O (CV23-336), and 6.3 m at 0.82% Li2O, including 2.5 m at 2.02% Li2O (CV23-360). The CV13 Spodumene Pegmatite is currently interpreted to be characterized by a principal "upper" dyke and a secondary "lower" dyke, as well as several subordinate sub-parallel dykes, and are collectively geologically modelled to be shallowly dipping northerly. The principal dyke (the "upper" dyke), dips typically between 20-25° and has been traced at depth to at least 300 m down-dip (vertical depth from surface of <150 m).

Through 2023, the CV13 Spodumene Pegmatite has been traced by drilling over an approximate 2.3 km strike length and remains open along strike at both ends and to depth. Its most eastern drill hole is situated ~3 km along geological trend to the southwest of the CV5 Spodumene Pegmatite. This highly prospective corridor, also coincident with a local structural and magnetic trend, remains to be drill tested.

In 2024, through April 4, approximately 10,000 m in additional drilling has been completed at CV13 with core assays remaining to be reported for all of these holes. A maiden mineral resource estimate ("MRE") for CV13 is planned to be announced in Third Quarter 2024, which will form part of a larger MRE for the Corvette Project including both the CV5 and CV13 spodumene pegmatites. Drill results for all 18 drill holes completed in 2023 at the CV9 Spodumene Pegmatite are reported herein.

These drill holes are the first to test the spodumene pegmatite outcrop in the area. Wide intervals of variably mineralized spodumene-bearing pegmatite were intersected in this maiden drill program at CV9. Results include: · 99.9 m at 0.39% Li2O, including 30.6 m at 0.80% Li2O (CV23-345).

15.7 m at 0.76% Li2O, including 10.8 m at 1.00% Li2O (CV23-267). 17.9 m at 0.69% Li2O, including 8.6 m at 1.03% Li2O (CV23-310). 7.7 m at 1.35% Li2O (CV23-333).

The results are encouraging and confirm widespread spodumene mineralization is present at depth at CV9. The pegmatite intersected in drill hole at CV9 is variably mineralized (typically <5 to 15% spodumene content), with strong grades (>1% Li2O) demonstrated over 7 to 10+ m intervals in addition to wider and more moderately mineralized zones (e.g., 30.6 m at 0.80% Li2O in CV23-345). High grades of spodumene pegmatite were also intercepted with multiple holes returning individual sample grades over 2% Li2O, including a peak sample high of 4.28% Li2O (over 0.6 m) in CV23-345 ­ the last drill hole of the program at CV9.

Of particular significance is the demonstrated thickening of pegmatite from <5 m to ~80 m interpreted true width at depth. This is a strong indication of overall tonnage potential in the system. Additionally, due to internal fractionation of pegmatitic melts, it is common to have strong variability in grades over short distances which may result in low to moderate grades being immediately proximal to high grades.

This, coupled with the common presence of spodumene in the system, is very encouraging and supports a considerable potential for wide and well mineralized intervals of spodumene pegmatite to be present at CV9 along strike and/or at depth. Following the maiden 2023 drill program, the interpreted orientation of the CV9 Spodumene Pegmatite is steeply dipping northerly, with a possible plunge easterly, which is similar to the general orientation of the CV5 Spodumene Pegmatite. At CV9, variably mineralized spodumene pegmatite has now been traced by drilling and outcrop over a distance of ~450 m and remains open along strike at both ends and at depth.

The spodumene is typically present as centimetre (up to decimetre) size crystals hosted within a smoky quartz ­ feldspar pegmatite, with accessory tourmaline and mica.