Victory Battery Metals Corp. announced it has acquired an option interest in a uranium property on the north margin of the Athabasca Basin. The Property - Chariot River Uranium The Property is located 15 km northwest of Uranium City in the Beaverlodge Uranium District and is comprised of 120 claims spanning 1,978 ha over the Chariot River.

The property is bordered by Atha Energy Corp. to the south and east, is about 1 km south of Eagle Plains Resources Ltd. and is north of Aero Energy's Strike Property with numerous uranium showings. Aero Energy's Sun Dog and Murmac Properties are also in the Beaverlodge area, to the south of Uranium City.

Aero energy is extending the exploration concepts of the Patterson Lake corridor to the Beaverlodge District. In the Patterson Lake corridor, mineralization occurs in reactivated basement structures outside and along the margin of the Athabasca Basin. The Patterson Lake Corridor hosts the Triple R, Arrow and Spitfire deposits, where high grade ore lenses are situated well below the basin-basement unconformity in atypical host rocks.

The west part of the property is located approximately 1.6 km east of the Wellington Power Station which would serve as staging location and/or camp, with access throughout by boats. Terms of the Agreement: Option: The option agreement provides Victory the sole and exclusive right to acquire an undivided 100% interest in the property (the Option), in accordance with the following terms: An initial 40% interest for $50,000 and issuance of 3 million shares; An additional 10% interest for a total of 50% on completion of exploration expenditures during the first year of $100,000; An additional 25% interest for a total of 75% on completion of $150,000 in exploration expenditures during the second anniversary of $150,000 and issuance of 2 million shares; An additional 25% interest for a total of 100% completion of $300,000 in exploration expenditures during the third anniversary and issuance of 2 million shares. Share Issuance Metrics: Common shares of Victory to be issued under the Option Agreement shall be at the greater $0.05 or the lowest price available under the rules of the CSE; If during the term hereof, the common shares of Victory are consolidated or otherwise amended, the number and price noted hereunder shall be amended accordingly.

NSR: Victory shall have the right to 1% from total of 2% NSR at any time for $1,000,000.