**Highlights**

Continued strong lithium mineralization over wide intervals from infill drilling at the CV5 Deposit within the district-scale Corvette Property.

– 124.9 m at 1.72% Li2O, including 13.4 m at 4.04% Li2O (CV24-473).

– 135.7 m at 1.02% Li2O, including 44.7 m at 2.03% Li2O (CV24-410).

– 112.7 m at 1.20% Li2O, including 21.7 m at 1.93% Li2O (CV24-503).

– 116.1 m at 0.91% Li2O, including 11.8 m at 3.01% Li2O (CV24-447).

– 95.1 m at 1.39% Li2O, including 33.3 m at 2.00% Li2O (CV24-409).

– 93.5 m at 1.54% Li2O, and 29.2 m at 2.08% Li2O (CV24-386).

– 91.0 m at 1.46% Li2O, including 13.3 m at 3.42% Li2O (CV24-415A).

– 63.7 m at 2.68% Li2O, including 35.6 m at 3.78% Li2O (CV24-404).

**Company Announcement**

**Patriot Battery Metals Inc.** (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announced core assay results from their CV5 Spodumene Pegmatite. The Corvette Property, located in the Eeyou Istchee James Bay region of Quebec, hosts the CV5 Spodumene Pegmatite with an estimated 109.2 Mt at 1.42% Li2O Inferred. The project is located 13.5 km south of the Trans-Taiga Road and powerline infrastructure.

Darren L. Smith, Vice President of Exploration, stated, “These final holes from our winter program at CV5 continue to impress and demonstrate the scale of mineralization. We aim to upgrade our Mineral Resource confidence from the Inferred to Indicated categories.”

**Infill Drilling at CV5 Pegmatite**

The winter drill program at CV5 aimed to upgrade Mineral Resource confidence. It covered approximately 3.9 km of the pegmatite’s 4.6 km strike length. Results include:

– 124.9 m at 1.72% Li2O, including 13.4 m at 4.04% Li2O (CV24-433).

– 135.7 m at 1.02% Li2O, including 44.7 m at 2.03% Li2O (CV24-410).

– 112.7 m at 1.20% Li2O, including 21.7 m at 1.93% Li2O (CV24-503).

– 116.1 m at 0.91% Li2O, including 11.8 m at 3.01% Li2O (CV24-447).

– 95.1 m at 1.39% Li2O, including 33.3 m at 2.00% Li2O (CV24-409).

– 93.5 m at 1.54% Li2O, and 29.2 m at 2.08% Li2O (CV24-386).

– 91.0 m at 1.46% Li2O, including 13.3 m at 3.42% Li2O (CV24-415A).

– 63.7 m at 2.68% Li2O, including 35.6 m at 3.78% Li2O (CV24-404).

**Supporting Pit Design**

Six drill holes were completed for geomechanical purposes to support pit design. The program at CV5 shows strong potential for meaningful conversion in the pending MRE update scheduled for Q3 2024. Results for 4,538 m (16 holes) from the winter drill program remain to be reported, focusing on CV13 and the high-grade Vega Zone.

**Future Plans**

Patriot is on track to provide a Preliminary Economic Assessment to the market in the September quarter of 2024 based on the updated CV5 Resource. The updated MRE will include the CV5 and CV13 spodumene pegmatites, incorporating drilling through April 2024 with a total anticipated meterage of 134,129 m (369 holes) and 29,121 m (133 holes), respectively.

Darren Smith concluded, “Our results further demonstrate the significant scale of mineralization. We are confident in our resources and look forward to providing updates.”

**Quality Assurance and Control**

The program incorporated industry best practices, including systematic insertion of quartz blanks and certified reference materials.

Samples were shipped to SGS Canada’s laboratory for preparation and analysis using sodium peroxide fusion with ICP-AES/MS finish.

**About the CV Lithium Trend**

The CV Lithium Trend spans over 50 km across the Corvette Property. The core area includes the approximate 4.6 km long CV5 Spodumene Pegmatite with an estimated resource of 109.2 Mt at 1.42% Li2O Inferred.

To date, eight distinct clusters of lithium pegmatite have been discovered, with significant potential for more clusters due to shallow till cover and proximity.

**Company Overview**

**Patriot Battery Metals Inc.** is a hard-rock lithium exploration company focused on advancing the Corvette Property in Quebec. The CV5 Spodumene Pegmatite ranks as the largest lithium pegmatite resource in the Americas and one of the world’s top 10 largest, with 109.2 Mt at 1.42% Li2O Inferred. The property has substantial potential for further exploration.

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