Surge Battery Metals Inc. announced that it has received regulatory approval for its option agreement, as amended, (the "Option Agreement") between M3 Metals Corp. ("M3M") and Surge concerning claims (the "M3M Lands") in the area of its NNLP Project. Surge has acquired an initial 50% interest in the M3M Lands by way of payment of $500,000 to M3M and issuance of a total of 2,000,000 of Surge's common shares to M3M (the "Surge Shares").

The Option Agreement provides that Surge can earn an additional 20% interest in the M3M Lands by making a cash payment to M3M of $250,000, issuing to M3M an additional 2,000,000 common shares and making $250,000 in exploration expenditures. Surge can earn an additional 10% interest in the M3M Lands, by making a cash payment to M3M of $500,000 and issuing to M3M a total of 1,000,000 additional common shares. Should Surge earn a full 80% interest in the M3M Lands, Surge and M3M are required to enter into a joint venture agreement.