Battery Minerals Limited (ASX: BAT) ('Battery Minerals' or 'the Company') is pleased to report that it has made a strong start to drilling at its Stavely-Stawell Project in Victoria, with the first round of aircore holes outlining an 800m-long bedrock anomaly.

The results are considered highly promising because the Frying Pan prospect, which hosts the anomaly, sits within the prospective 67km-long Moyston-Dryden fault zone.

To date, 80 holes have been completed for 3,536 metres. Results include: 21BATAC062: 6m at 719 ppb Au from 18m, incl. 2m at 1,990 ppb (1.99 g/t) Au from 18m.

21BATAC036: 9m at 113 ppb Au from 9m

21BATAC073: 3m at 271 ppb Au from 21m

21BATAC022: 4m at 120 ppb Au from 29 m

The drilling programme focused on the historic Frying Pan workings and included step out lines of holes to define the footprint of gold mineralisation. The best result from 21BATAC062 was drilled immediately to the west of the historic mining area and saw a significant amount of quartz veining intercepted in and surrounding the mineralised interval. In June 2021, drilling was suspended by significant consecutive rain events which prevented access to drilling sites.

Following an evaluation of accessible areas and discussions with landowners, drilling is expected to resume in late September 2021. Field exploration continues with soil sampling across a number of prospects within existing land access agreement areas. This will extend to new areas as access agreements are negotiated. The aim is to fine-tune existing drill targets and expand the programme once drilling resumes

Contact:

David Flanagan

Tel: +61 8 6148 1000

Email: info@batteryminerals.com

Forward-Looking Statements

This announcement contains 'forward-looking statements' within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'believe', 'continue', 'objectives', 'outlook', 'guidance' or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Gippsland Prospecting and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Exploration potential is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Readers are cautioned not to place undue reliance on forward-looking statements and Gippsland Prospecting assumes no obligation to update such information.

The information in this announcement that relates to Exploration Targets, Exploration Results or Mineral Resources is based on information compiled by Nicholas Jolly, who is a Member of The Australasian Institute of Mining and Metallurgy and is currently General Manager Exploration for Battery Minerals Limited. Mr Jolly has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Jolly consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

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