Patriot Battery Metals Inc. announced the final batch of core assay results from the CV5 Spodumene Pegmatite from its recently completed 2024 winter drill program at Corvette. The 100% owned Corvette Property (the "Property" or "Project") is located in the Eeyou Istchee James Bay region of Quebec. The CV5 Spodumene Pegmatite, with a maiden Mineral Resource Estimate ("MRE") of 109.2 Mt at 1.42% Li2O Inferred1, is situated approximately 13.5 km south of the regional and all?weather Trans-Taiga Road and powerline infrastructure. Core assay results for 67 drill holes, completed during the 2024 winter drill program at the CV5 Spodumene Pegmatite, are reported in this announcement.

These are the final batch of core assay results from CV5 drill holes of the program. Highlights 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).

80.5 m at 1.41% Li2O, including 15.4 m at 2.84% Li2O (CV24-452). 64.7 m at 2.15% Li2O, and 53.7 m at 1.58% Li2O (CV24-467). These drill holes tested the majority of the strike length currently defined at CV5, which remains open at both ends, at various depths and orientations.

The 2024 winter drill program at CV5 focused on resource infill and covered ~3.9 km of the total 4.6 km pegmatite strike length defined to date. The primary objective of the infill drilling is to improve the confidence of the geological model at CV5 to support an upgrade of Mineral Resources from the Inferred category to the Indicated category. This includes the delineation of a coherent body of Indicated Mineral Resources to support advanced development and pending economic studies at CV5.

The program also included six geomechanical holes, which were completed to support open-pit design at CV5. These holes were completed at various locations and orientations proximal to the margins of the pegmatite and targeted specific host rock types and structure, with optical and acoustics televiewer data also collected. Two of these holes intersected significant intervals of spodumene pegmatite with results including 116.1 m at 0.91% Li2O (CV24-447) and 56.4 m at 1.80 % Li2O (CV24?479).

The 2024 winter drill program totaled 62,518 m (166 holes), including 50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13. Core assay results for all drill holes completed at CV5 during the program have now been reported. A total of 4,538 m (16 holes) remain to be reported from CV13 and include multiple step-out drill holes targeting the high-grade Vega Zone.

An updated MRE for the Corvette Project, incorporating drilling through April 2024, is scheduled for third quarter 2024. This MRE update will include both the CV5 and CV13 spodumene pegmatites and a total anticipated metreage of 134,129 m (369 holes) and 29,121 m (133 holes), respectively.