Patriot Battery Metals Inc. provided a further update on the winter/spring component of its 2022 drill campaign program at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. 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. The winter/spring phase of the 2022 drill campaign began in late February with two diamond drill rigs currently operating on site.

To date, ten (10) NQ size drill holes have been completed for a total of approximately 2,227 m. All drill holes completed to date have collared on lake ice with one drill rig focused on 100 m step-outs east of the CV5 Pegmatite outcrop, and the other drill rig focused on testing the CV1 Pegmatite outcrop at depth and along strike (Figures 1 and 2). The primary objective of the drill program is to test for mineralized pegmatite along strike, potentially connecting CV5-6 pegmatites with the CV1-2 pegmatites, as well as testing the mineralization at depth. In addition, the drilling has confirmed that the lake between the CV6 and CV1-2 pegmatites is indeed shallow, as was anticipated, with depths ranging from approximately 0.5 m to 5 m over the drill area.

A systematic bathymetry survey is planned for early summer 2022 to fully map the lake bottom. The drill core is actively being processed on site with core samples from the first few drill holes now at the analytical laboratory or en route. The Company is using SGS Canada as their primary analytical lab.

The winter/spring phase of the 2022 drill campaign is expected to continue into late April, when a short break is expected to allow for spring break-up as the ice and snow disappears for summer. The summer/fall phase of the drill campaign will then immediately follow and will focus on continued land-based infill and step-out drilling around CV5-6 and CV1-2, as well as testing new regional targets. 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).