Patriot Battery Metals Inc. announced the final batch of core assay results from the CV13 Spodumene Pegmatite from its 2024 winter drill program at the Corvette Property, including holes targeting the recently discovered high-grade Vega Zone. The 100%-owned Corvette Property (the "Property" or "Project") is located in the Eeyou Istchee James Bay region of Quebec. The CV13 Spodumene Pegmatite is located approximately 3 km west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden Mineral Resource Estimate ("MRE") of 109.2 Mt at 1.42% Li2O Inferred1 and is situated approximately 13.5 km south of the regional and allweather Trans-Taiga Road and powerline infrastructure.

Core assay results for 16 drill holes, completed during the 2024 winter drill program at the CV13 Spodumene Pegmatite, are reported in this announcement (Figure 2 and Table 1). This is the final batch of core assay results for CV13 drill holes from this program. Highlights, each from the Vega Zone, include: · 51.7 m at 1.77% Li2O, including 9.7 m at 5.16% Li2O (CV24-525).

35.3 m at 2.40% Li2O, including 17.4 m at 3.12% Li2O (CV24-520). 34.8 m at 1.87% Li2O, including 19.1 m at 3.17% Li2O (CV24-524). 41.5 m at 2.00% Li2O, including 10.6 m at 3.50% Li2O (CV24-510).

These four drill holes (CV24-510, 520, 524, and 525) were completed as follow-up to the discovery hole at the Vega Zone (CV24-470), which returned 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O. The highest-grade intercept (of significant width) to date from CV13 is reported in this announcement from drill hole CV24-525 (9.7 m at 5.16% Li2O), which was the last drill hole to target the Vega Zone during the 2024 winter program (Figure 5). This drill hole contains five individual core samples (each ranging from 1.1 m to 2.0 m in width) with assays >5% Li2O, and nine samples >3% Li2O.

Geological modelling indicates the Vega Zone to be relatively flat-lying to shallow dipping and near-surface (starting at approximately 100 m vertical depth from surface), covering an area of approximately 380 by 220 m (drill hole intercept to drill hole intercept) with an interpreted true thickness of approximately 8 to 30+ m, hosted within a wider moderately to strongly mineralized pegmatite body. The Vega Zone remains open in several directions following the 2024 winter drill program. The high-grade Vega Zone at CV13 Pegmatite is situated approximately 6 km south-west and along geological trend of the high-grade Nova Zone at the CV5 Pegmatite.

Both zones share several similarities including lithium grades and very coarse decimetre to metre size spodumene crystals. However, both pegmatite zones have distinct orientations whereby the Vega Zone is relatively flat-lying to shallow dipping while the Nova Zone is steeply dipping to vertical. Along the western arm of CV13, drill hole CV24-506 demonstrates that the pegmatite remains mineralized and open at depth in this area with an intercept of 8.2 m at 1.14% Li2O.

The principal pegmatite in this area dips north-easterly at approximately 25° and ranges in thickness from approximately 7 m to 19 m. To date, the CV13 Spodumene Pegmatite, through outcrop and drill hole data, is confirmed to extend over a strike length of at least 2.3 km and down-dip for at least 400 m, and remains open at both ends and to depth. Results for all drill holes completed during the 2024 winter program have now been reported - 50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13. An updated MRE for the Corvette Project, incorporating drilling through April 2024 (i.e., end of the 2024 winter drill program) at both the CV5 and CV13 pegmatites, is scheduled for August 2024.

A follow-up drill program at CV13, focused on further delineation of the high-grade Vega Zone, is currently underway as part of this summer-fall drill program. Approximately 10,000 m of drilling is under consideration targeting the CV13 Spodumene Pegmatite's Vega Zone and the immediate corridor eastwards towards the CV5 Spodumene Pegmatite. However, the primary focus and objective of the summer-fall program will be drilling at the CV5 Spodumene Pegmatite to support an increase in MRE confidence from the Inferred category to the Indicated category.

This work is designed to underpin a Mineral Resource Estimate of sufficient scale and confidence (i.e., Indicated classification) to support the Feasibility Study for the Project, which is currently scheduled for completion in the second half of 2025.