Patriot Battery Metals Inc. to provide an update on the 2022 drill campaign at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. The primary drill area is the CV5 pegmatite corridor, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure with two drills currently coring. The Company has recently positioned the third drill rig at the CV13 pegmatite cluster for initial drill testing.

The CV13 pegmatite cluster is characterized by two (2) contiguous trends, totalling approximately 2.3 km in combined strike length, and are situated on geological trend between the CV5 pegmatite corridor and the CV8-12 pegmatite cluster. The initial drill hole at CV13 (CV22-077) targeted the large outcrop (~100 m long x 15 m wide) of the cluster, situated within the apex of a regional structural flexure – a highly favourable geological setting for lithium pegmatite emplacement. The hole was collard approximately 30 m back from the outcrop – at an azimuth of 200° and dip of -45° – and collared in spodumene pegmatite to a depth of approximately 25.5 m (starting from 3.1 m).

A second hole (CV22-081) was completed at the same pad and azimuth at a dip of -80° to catch the lower contact of the pegmatite before stepping further back from the outcrop for the third hole, which will target both the upper and lower contacts of the pegmatite. This second drill hole (CV22-081) also collared in spodumene pegmatite to a depth of approximately 18.4 m. A preliminary review of the core indicates that the mineralization style in both CV13 drill holes is similar to that of the principal pegmatite at the CV5 corridor, characterized by coarse-grained spodumene hosted within a quartz-feldspar pegmatite. The spodumene mineralization consists off-white to pale-green crystals of centimetre to decimetre scale, which are relatively free of inclusions.

A total of approximately 2,500 m is planned over ten (10) to fifteen (15) drill holes at the CV13 pegmatite cluster this fall, weather permitting, and will test several areas along the trend where spodumene outcrop is present. The Company intends to follow-up on the results in a winter 2023 drill program. The Company continues to advance the drilling at the CV5 pegmatite corridor with two (2) drill rigs currently operating.

Recent drill holes have targeted the westerly (CV22-074) and easterly (CV22-079) strike extensions of the mineralized body(s) with each intersecting spodumene pegmatite and, collectively, extend the strike length an additional 100 m for a total spodumene pegmatite strike length of approximately 2,100 m. Mineralization remains open along strike at both ends, and to depth. In addition, the Company has intersected the largest spodumene crystal to date in drill core at 1.8 m. The crystal was encountered at a depth of 225 m (core length) in drill hole CV22-066 within a wide interval (113.4 m) of mineralized pegmatite. All core samples from CV22-066 are currently enroute to SGS Canada's analytical laboratory in Lakefield, ON, for geochemical analysis.

Drill hole CV22-066 is located at the eastern end of the CV5 pegmatite corridor. A total of three (3) drill rigs are currently operating at the Corvette Property – two (2) targeting the CV5 pegmatite corridor and one (1) targeting the CV13 pegmatite cluster. As of September 15th, 2022, a total of approximately 19,199 m over sixty-five (65) holes have now been completed over the 2022 drill campaign – 4,345 m over 20 holes in the winter program, and 14,854 m over forty-five (45) holes in the summer program.

Drilling is anticipated to continue through to mid-October, at which time the 2022 drill program will conclude with final core processing on site and shipment to the lab for analysis. The Company is currently planning an aggressive 2023 drill campaign at Corvette and will announce details in the coming weeks. A Quality Assurance /Quality Control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%.

Additionally, analysis of pulp-split and course-split sample duplicates were completed to assess analytical precision at different stages of the laboratory preparation process, and external (secondary) laboratory pulp-split duplicates were prepared at the primary lab for subsequent check analysis and validation. All core samples collected were shipped to SGS Canada's laboratory in Lakefield, ON, for standard sample preparation (code PRP89) which includes drying at 105°C, crush to 75% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. The pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50).