File: '\\swfile\EmailIn\20251002 131723 Attachment 2025-10-02 - FREE - NR - FREE Enters Option Assignment Agmt (Final).docx'

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FREE BATTERY OPTIONS CABLE LAKE PROPERTY AND ANNOUNCES PRIVATE PLACEMENT

October 2, 2025 - Vancouver, British Columbia - Free Battery Metal Limited (CSE: FREE) (formerly, Titus Energy Corp.) (the "Company" or "Free Battery") is pleased to announce that it has entered an into option assignment agreement (the "Assignment Agreement") dated October 1, 2025 with Citizen Mining Corporation ("Citizen") and Doctors Investment Group Ltd. ("Doctors") pursuant which Free Battery has acquired an undivided 80% interest in an existing option agreement (the "Option Agreement") between Citizen and Doctors dated November 12, 2024. Citizen will retain the remaining 20% interest.

Under the terms of the Option Agreement, Citizen holds the right to acquire a 100% interest in the Cable Lake Property (the "Property"), located in British Columbia, consisting of minerals claims totaling approximately 20,600 hectares, from Doctors upon satisfaction of the following obligations:

payment to Doctors of:

$250,000 on or before November 12, 2025;

$300,000 on or before November 12, 2026;

$300,000 or before November 12, 2027; and

$300,000 or before November 12, 2028;

the incurrence of $200,000 in exploration expenditures at the Property on or before December 31, 2025; and

the incurrence of $1,800,000 in exploration expenditures at the Property on or before December 31, 2028.

The Property is subject to a 2% net smelter return royalty, one-half of one percent (0.5%) of which may be purchased by Citizen for $1,500,000.

As consideration for the Assignment Agreement, the Company will pay Citizen an aggregate of $250,000, consisting of $50,000 upon execution of the Assignment Agreement (paid) and $200,000 (the "Second Assignment Fee") upon the Company completing a financing of not less than $750,000 on or before December 31, 2025. If the Company fails to complete the financing and pay the Second Assignment Fee by December 31, 2025, the Assignment Agreement will automatically terminate, and the Company's 80% interest in the Option Agreement will revert to Citizen.

Private Placement

The Company is also pleased to announce its intention to carry out a non-brokered private placement (the "Offering") of up to 4,000,000 common shares (each, a "Share") at a price of $0.25 per Share. All Shares issued pursuant to the Offering will be subject to a hold period expiring four months and one day from the date of issue. Finders' fees may be payable on all or a portion of the Offering in accordance with the policies of the Canadian Securities Exchange.

The Company intends to use the net proceeds from the Offering for the Second Assignment Fee, for exploration work on the Company's exploration properties, including the Property, for new property acquisitions and for general working capital.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Free Battery Metal Limited

Free Battery Metal Limited is a publicly traded company exploring for Lithium. Free Battery is committed to responsible mining practices and is actively exploring the Mound Lake Property in northwestern Ontario, a property comprised of 243, single-cell unpatented mining claims totaling approximately 4,860 hectares, and the Lac Binette property in Quebec's Upper Laurentians, a property comprised of two mineral claims totaling 117.6 hectares. The Company sees lithium and other rare metals as critical commodities in supporting the global move towards green technologies including the transition to electric vehicles. For more information, visit www.freebatterymetal.com.

Contact Information:

Free Battery Metals Limited

Geoff Balderson, Chief Financial Officer

604-602-0001

gb@corporateminds.ca

Forward-Looking Statements

This news release contains certain forward-looking statements that are "forward looking information" within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Assignment Agreement, the performance and terms of the Option Agreement, the Offering and the expected use of proceeds from the Offering, are "forward-looking information". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.