Patriot Commences Quebec’s Largest 2023 Lithium Focused & More Trending News

• Mobilization for the 2023 drill marketing campaign has commenced focusing on a minimal of 20,000 m over the January to April interval (the ‘winter program’)
• At least 5 (5) drill rigs will probably be utilized to finish the winter program – largest single lithium drill program undertaken in latest occasions in Quebec
• Objective is to increase the two,200 m strike size of the CV5 Pegmatite system to the east and west and to proceed delineation of the latest CV13 discovery, located ~4.3 km alongside geological development to the west-southwest
• Construction of winter highway nearly full – will enhance effectivity and cut back helicopter prices
• Core assay outcomes for thirty-eight (38) drill holes from the 2022 drill marketing campaign stay to be reported – twenty-four (24) on the CV5 Pegmatite cluster and fourteen (14) on the CV13 Pegmatite cluster

VANCOUVER, British Columbia, Jan. 05, 2023 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is happy to announce it has commenced mobilization for the winter section of its 2023 drill marketing campaign at its wholly owned Corvette Property (the “Property”), positioned within the James Bay Region of Quebec. Additionally, the Company is within the closing phases of development of a winter highway (roughly 20 km in size), extending website entry from the all-season Trans-Taiga Road to the CV5 drill space.

The 2023 winter drill program will probably be extra expansive than the 2022 winter drill program, starting with three (3) drill rigs in January and rising to 5 (5) drill rigs from early February by mid-April. A minimal meterage of 20,000 m (NQ core dimension) is anticipated to be accomplished over the interval. The main aims of the drill program are to additional delineate the extent of the CV5 Pegmatite, in addition to infill drilling to enhance the geological mannequin to attain indicated mineral useful resource confidence to help a future prefeasibility research. The winter drilling will primarily goal the jap extensions of the CV5 spodumene pegmatite and secondary lenses, transferring in direction of the CV4 Pegmatite cluster located roughly 2.5 km alongside strike. An understanding of the near-surface lateral conduct of the CV5 Pegmatite is required to refine areas of sure infrastructures required for Prefeasibility stage development, in addition to assist outline related subject applications deliberate for 2023.

The development of the roughly 20 km lengthy winter highway is nearing completion and can present direct highway entry from the all-season Trans-Taiga Road, positioned north of the Property, to the first drill space at CV5 (Figures 1 and 2). The highway entry will enhance effectivity of the drill program by lowering dependency on helicopters for drill rig, gear, and personnel actions.

The general 2023 subject marketing campaign may have a number of aspects together with advancing the CV5 Pegmatite to an preliminary mineral useful resource estimate, scheduled for the primary half of 2023, along with additional delineation on the CV13 Pegmatite Cluster. The drill applications will probably be coupled with quite a few multi-disciplinary research (environmental, hydrological, hydrogeological, geomechanical, metallurgical, and many others.) because the Project advances aggressively in direction of Prefeasibility (see information launch dated December 13^th, 2022).

Blair Way, Company President, CEO and Director, feedback:

“This is a significant milestone for the Company as we embark on the second winter drill season on the Corvette Project. The 2022 drilling has defined something very special at Corvette and this winter season will further expand on this significant discovery. With five (5) drill rigs we will be better positioned to continue to drill out the CV5 Pegmatite Cluster at an aggressive pace, while also further testing the CV13 Pegmatite Cluster. The year 2023 will be a transformative year for the Company as we advance to an initial mineral resource at CV5.”

The first drill gap collar of the 2023 drill marketing campaign is anticipated shortly, with the primary three (3) drill rigs and gear at present on website and crews now being mobilized. The two (2) further drill rigs are anticipated to reach on website later in early February because the winter freeze up continues and lake ice thickens sufficiently to help drilling over the shallow glacial lake that overlies parts of the deposit.

Figure 1: Segment of winter highway extending from the Trans-Taiga Road to the drill space at CV5

Figure 2: Proximal infrastructure on the Corvette Property, together with the lately constructed winter highway extending from the all-season Trans-Taiga Road to the drill space at CV5

About the CV Lithium Trend

The CV Lithium Trend is an rising spodumene pegmatite district found by the Company in 2017 and spans greater than 25-km throughout the Corvette Property. The core space contains an approximate 2.2 km lengthy spodumene pegmatite (the ‘CV5 Pegmatite’) and a number of proximal secondary spodumene pegmatite lenses. This hall has returned drill intercepts of 159.7 m at 1.65% Li₂O and 193 ppm Ta₂O₅ (CV22-042), 152.8 m at 1.22% Li₂O and 138 ppm Ta₂O₅ (CV22-030), 86.2 m at 2.13% Li₂O and 163 ppm Ta₂O₅ (CV22-044), and 70.1 m at 2.22% Li₂O and 147 ppm Ta₂O₅, together with 40.7 m at 3.01% Li₂O and 160 ppm Ta₂O₅ (CV22-017).

The Company has accomplished ninety-five (95) NQ core dimension drill holes, totalling 27,470 m, at targets alongside the CV Lithium Trend – eighty (80) drill holes totalling 24,709 m on the CV5 Pegmatite and proximal lenses, fourteen (14) drill holes totalling 2,647 m on the CV13 Pegmatite cluster, and one (1) drill gap totalling 114 m on the CV12 Pegmatite cluster. Core assay outcomes for thirty-eight (38) drill holes stay to be reported – twenty-four (24) on the CV5 Pegmatite cluster and fourteen (14) on the CV13 pegmatite cluster.

To date, six (6) distinct clusters of lithium pegmatite have been found throughout the Property – CV5 Pegmatite and related lenses, CV4, CV8-12, CV9, CV10, and the lately found CV13. Given the proximity of some pegmatite outcrops to one another, in addition to the shallow until cowl within the space, it’s possible that a few of the outcrops could mirror a discontinuous floor publicity of a single, bigger pegmatite ‘outcrop’ subsurface. Further, the excessive variety of well-mineralized pegmatites alongside the development point out a robust potential for a collection of comparatively carefully spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite our bodies, with vital lateral and depth extent, to be current.

Qualified/Competent Person

The info on this information launch that pertains to exploration outcomes for the Corvette Property relies on, and pretty represents, info compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who’s a Qualified Person as outlined by National Instrument 43-101, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit quantity 1968), and with the Association of Professional Engineers and Geoscientists of Alberta (member quantity 87868). Mr. Smith has reviewed the technical info on this information launch.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. (the “Company”) and Nevada Lithium Resources Inc., Vice President of Exploration and Director for Ophir Gold Corp, and a Senior Geologist and Project Manager with Dahrouge Geological Consulting Ltd. Mr. Smith holds widespread shares and choices within the Company.

Mr. Smith has adequate expertise, which is related to the model of mineralization, kind of deposit into consideration, and to the actions being undertaken to qualify as a Competent Person as described by the JORC Code, 2012. Mr. Smith consents to the inclusion on this information launch of the issues based mostly on his info within the type and context during which it seems.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mineral exploration firm centered on the acquisition and growth of mineral properties containing battery, base, and treasured metals.

The Company’s flagship asset is the 100% owned Corvette Property, positioned proximal to the Trans-Taiga Road and powerline infrastructural hall within the James Bay Region of Québec. The land package deal hosts vital lithium potential highlighted by the two.2 km lengthy CV5 spodumene pegmatite with drill intercepts of 159.7 m at 1.65% Li₂O and 193 ppm Ta₂O₅ (CV22-042), and 70.1 m at 2.22% Li₂O and 147 ppm Ta₂O₅, together with 40.7 m at 3.01% Li₂O and 160 ppm Ta₂O₅ (CV22-017). Additionally, the Property hosts the Golden Gap Trend with seize samples of three.1 to 108.9 g/t Au from outcrop and seven m at 10.5 g/t Au in drill gap, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

The Company additionally holds 100% possession of the Freeman Creek Gold Property in Idaho, USA which hosts two potential gold prospects – the Gold Dyke Prospect with a 2020 drill gap intersection of 12 m at 4.11 g/t Au and 33.0 g/t Ag, and the Carmen Creek Prospect with floor pattern outcomes together with 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.

The Company’s different property embody the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, the place the Company maintains a 40% curiosity, in addition to a number of different property in Canada.

For additional info, please contact us at [email protected] Tel: +1 (604) 279-8709, or go to www.patriotbatterymetals.com.

Please consult with the Company’s steady disclosure filings, obtainable underneath its profile at www.sedar.com and asx.com.au, for obtainable exploration information.

This information launch has been accepted by the Board of Directors,

“BLAIR WAY”

Blair Way, President, CEO, & Director

Disclaimer for Forward-Looking Information

This information launch accommodates forward-looking statements and different statements that aren’t historic details. Forward-looking statements are sometimes recognized by phrases equivalent to “will”, “may”, “should”, “anticipate”, “expects” and comparable expressions. All statements aside from statements of historic reality, together with however not restricted to references to a proposed mineral useful resource estimate and prefeasibility research, included on this information launch are forward-looking statements that contain dangers and uncertainties. There could be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Important elements that would trigger precise outcomes to vary materially from the Company’s expectations embody the outcomes of additional exploration and testing, and different dangers detailed occasionally within the filings made by the Company with securities regulators, obtainable at www.sedar.com. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect. Events or circumstances could trigger precise outcomes to vary materially from these predicted, because of quite a few identified and unknown dangers, uncertainties, and different elements, a lot of that are past the management of the Company. The reader is cautioned to not place undue reliance on any forward-looking info. Such info, though thought-about cheap by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Company will replace or revise publicly any of the included forward-looking statements as expressly required by relevant legislation.

No securities regulatory authority or inventory change has reviewed nor accepts accountability for the adequacy or accuracy of the content material of this information launch.

Photos accompanying this announcement can be found at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8f63dc78-691f-4881-a8f5-70249a59a8ac

https://www.globenewswire.com/NewsRoom/AttachmentNg/2367bb84-bca7-4f2a-a3eb-78101145c47e

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