Surge Battery Metals Inc. announced that the remaining certified assays from the 2023 core drilling phase on its high-grade lithium (Li) clay discovery at Nevada North (NNLP) have intersected high-grade lithium mineralization 600 meters (about 2,000 ft) west of 2022 hole NN2203. Additionally, mineralization has been extended to depth in hole NN2311 and a narrow band of mineralization was intersected starting from surface in the northernmost hole, NN2312. Two holes (NN2307 and NN2310) drilled from the same pad show the mineralized horizons extend at least 600 meters (about 2,000 ft) west of hole NN2203 drilled in 2022.

Hole NN2307 was drilled vertically, and NN2310 was drilled at a 50-degree dip due east. Hole NN2307 cut a total of 50.3 meters averaging 2533 ppm Li and NN2310 cut 47.7 meters averaging 3220 ppm Li. Hole NN2311 was drilled from the same pad as sonic core hole NN2302 to compare sonic and diamond core results and to extend the hole in search of deeper clay horizons.

The hole adds 7 meters (23 feet) of mineralized clay to the sequence thickness at this location, and core assays align well with sonic assays. NN2311 cut a total of 39.5 meters at an average grade of 3550 ppm Li in the upper zone and 7 meters of 2732 ppm Li in the newly identified deeper zone. Hole NN2312 was drilled north of hole NN2303 to test for further extension of mineralized clays.

The hole intersected 3.6 meters at surface of mineralized clay averaging 1,480 Li ppm. Evidence from core and geophysics have led to the interpretation of a new fault that suggests the main part of the basin to the south is a down-dropped block. Interestingly, low-resistivity horizons observed in the geophysics data plunge below the surface to the north of hole NN2312, suggesting there may be additional lithium mineralization to the north of this hole.

NN2307: Drilled to a total depth of 235.31m (772 ft), hole NN2307 tested for the extension of mineralization to the west of the 2022 drilling. Westward, towards the suspected basin center, the upper mineralized horizon was expected to reside deeper below surface. This diamond core step-out hole confirmed the lateral continuity of the high-grade mineralized horizons.

NN2307 returned positive sample results ranging between 1060 ppm Li to 4,390 ppm Li. These results include four contiguous mineralized horizons averaging 1410ppm Li over 7.6m, 3268 ppm Li over 21.3m, 1230ppm Li over 3.1m, and 2361ppm Li over 18.3m. The upper 7.6m-thick horizon was an unexpected intercept and appears to correlate to the upper horizon at the top of NN2303, 1500m to the north.

NN2310: Drilled to a total depth of 303.89m (997 ft), hole NN2310 was collared at the same pad as NN2307 but angled at 50 degrees to the east. This diamond core hole was designed as a 100m (about 330 ft) step- out to the east of NN2307 and to better define the geometry of the shallow dipping mineralized horizons. NN2310 returned positive sample results up to 5,660 ppm Li.

These results include three contiguous mineralized horizons averaging 1479 ppm Li over 7.6m, 4084ppm Li over 30.9m, and 1749ppm Li over 9.1m. The thick and high-grade middle horizon averaging >4000ppm Li correlates to intercepts in 2022 and 2023 holes positioned between 550 to 1,550 meters away. A structure is interpreted from geophysics to have faulted out the lowest horizon encountered in NN2307.

NN2311 Drilled to a total depth of 207.87m (682 ft), hole NN2311 was designed to investigate deeper mineralization beneath this year's sonic hole NN2302 and to compare results obtained in the sonic vs. diamond core drilling. This diamond core hole confirmed grades observed in sonic drilling with results including high grades up to 5200ppm Li and horizons averaging 3722 ppm Li over 34.9m, 2237 ppm Li over 4.6m, 2825 ppm Li over 3m, and 2660 ppm Li over 4m.

The deeper drilling adds 7m of 2732 ppm Li mineralization to the mineralized sequence thickness at this location. Evidence from core photos, geophysics, and the offset of lithium clay horizons between the 6-meter high-grade bed at 61.4-65.9m and comparable bed from NN2302 suggests a fault runs directly through these two holes. NN2312 Drilled to a total depth of 199.03m (653 ft), hole NN2312 defines the limits of high-grade mineralization to the northwest at this time.

This diamond core hole intercepted a mineralized horizon at surface averaging 1480 ppm Li over 3.7m. The Surge team has observed evidence of displacement by structures in the core and geophysics data. The current interpretation suggests this location is an uplifted horst block where mineralized sediments have been eroded off.

Additionally, a large tongue of volcanic tuff was deposited directly into a lake environment in this location, which could have functioned as a source of Li in the lake and enhanced Li concentrations in the deeper parts of the basin. The 2023 geophysical surveys indicate a low resistivity layer that aligns with the upper section in NN2312 dips below the surface to the north. One additional low resistivity horizon is also observable at depth to the north of hole NN2312.

SAMPLE CUSTODY AND HANDLING: Core samples from the diamond drilling were placed in standard waxed cardboard core boxes by the drillers who delivered the core to the Surge field office. The core samples were logged at the camp and sample intervals marked with the sample number tags. The core was then driven by Surge workers to a locked warehouse in Elko, Nevada where they were stored for splitting.

At the warehouse, the core samples were split or sawn, depending on the rock composition and half of the core samples were placed in cloth bags. Samples were then submitted to the ALS facility in Elko, Nevada for analysis. ALS is independent of the Company.

The sample batches included 6% insertion of QA/QC samples, including blanks, duplicates, and commercially obtained standards. Most standards ran within 5% of the known and duplicated values, with the blanks reporting no greater than 20 parts per million lithium.