Mr. Blair Way reports

PATRIOT EXTENDS STRIKE LENGTH OF THE CV5 PEGMATITE TO 3.7 KM, CORVETTE PROPERTY, QUEBEC, CANADA

Patriot Battery Metals Inc. has provided an update on the 2023 winter drill program recently completed at its wholly owned Corvette property, located in the Eeyou Istchee James Bay region of Quebec. The winter phase of the 2023 drill campaign was focused on the CV5 pegmatite, located approximately 13.5 kilometres south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.

Blair Way, company president and chief executive officer, comments: "Our winter drill program at the CV5 pegmatite has been a remarkable success. We have extended the spodumene-mineralized pegmatite an additional 1.5 km over the course of the program for a current continuous strike length, which remains open at both ends, of 3.7 km. We are now undergoing final preparation for our summer-fall surface and drill exploration programs as we await final core sample assays from the recent drilling and move closer to an initial mineral resource estimate at CV5."

Since the last drill program update (see news release dated March 29, 2023), the company is pleased to report a further extension of the CV5 pegmatite westwardly by 550 m -- to 3.7 km combined strike length -- through dominantly spodumene-bearing pegmatite in drill holes moving westwardly from CV22-074 through to CV23-184. Drill holes completed over this 550 m of strike have intersected various widths of continuous pegmatite, dominantly spodumene bearing, including drill hole CV23-184, the westernmost drill hole completed to date at the CV5 pegmatite, which returned a continuous 93 m core length interval of dominantly spodumene-bearing pegmatite (127 m to 220 m). Collectively, these intersections are interpreted to delineate a near-surface blow-out of the pegmatite in this area and demonstrate a significant potential for the mineralized pegmatite to continue further westwardly.

The 2023 winter drill program recently concluded with a total of 89 drill holes and 32,367 m completed -- drill holes CV23-105 through 190. This drilling focused on step-out and infill drilling at the CV5 pegmatite (NQ core size); however, also included 15 holes (2,311 m) to support hydrogeological modelling of the envisioned pit area at CV5 as well as three holes (615 m) at the site of the pending camp at KM270 of the Trans-Taiga Road (NQ and HQ core size).

This winter program resulted in further delineation along strike of the CV5 pegmatite body by 1.5 km -- from 2.2 km at the start of the program to the current 3.7 km as announced herein. The CV5 pegmatite has now been traced continuously by drilling (at about 50 m to 150 m spacing) as a principally continuous spodumene-mineralized body over a lateral distance of at least 3.7 km (CV23-184 to CV23-125), and remains open along strike at both ends and to depth along most of its length.

Additionally, the CV5 pegmatite has now been delineated to within approximately 1.5 km of the CV4 pegmatite cluster to the east and within approximately 3.8 km of the CV13 pegmatite cluster to the west. The company intends to continue to test the CV5 pegmatite along strike at both ends, in addition to infill drilling, over the course of the summer-fall program. Favourable indicators that the trend continues include the regional magnetic data, suggesting a continuation of the structural/geological trend hosting CV5 (eastwardly and westwardly toward the CV4 and CV13 clusters, respectively), as well as the location of spodumene-pegmatite boulders in the area suggesting the presence of hidden spodumene-pegmatite undercover along this trend (eastwardly).

The company is in the advanced stages of validation and refinement of the geological model for the CV5 pegmatite, which will include all drilling completed to date. The model is being completed dominantly in Leapfrog Geo software using an intrusive and vein modelling (implicit) hybrid approach with final interpretation and validation being completed by the company's geological consultants (including the project's independent qualified/competent persons) and vice-president of exploration. Core sample analytical data for a majority of the winter program's drill holes remain to be reported and incorporated into a final block model, which, when complete, will form the basis of an initial mineral resource estimate for the CV5 pegmatite scheduled for the June/July period.

The 2023 drill campaign is currently paused due to spring breakup and to accommodate the regional four-week goose harvesting season when the Cree Nation requests the helicopters stop flying. The company's summer-fall drill exploration is scheduled to recommence in late May at the CV5 and CV13 pegmatites, and is planned to include both infill and step-out holes in addition to hydrogeological and geotechnical holes. The summer-fall surface program is scheduled to begin in early June and continue through late September. The planned fieldwork includes further detailed mapping (including structural) at the CV pegmatite clusters, channel sampling of spodumene-bearing outcrops, as well as prospecting and rock sampling over areas of the property that remain to be evaluated for lithium pegmatite.

About the CV Lithium Trend

The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans more than 25-km across the Corvette Property. The core area includes an approximate 3.7 km long spodumene pegmatite (the 'CV5 Pegmatite') and multiple proximal secondary spodumene pegmatite lenses.

To date, six (6) distinct clusters of lithium pegmatite have been discovered across the Corvette Property - CV5 Pegmatite and associated lenses, CV4, CV8-12, CV9, CV10, and the recently discovered CV13. Given the proximity of some pegmatite outcrops to each other, as well as the shallow till cover in the area, it is probable that some of the outcrops may reflect a discontinuous surface exposure of a single, larger pegmatite 'outcrop' subsurface. Further, the high number of well-mineralized pegmatites along the trend indicate a strong potential for a series of relatively closely spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present.

Qualified/Competent Person

The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101, and member in good standing with the Ordre des Geologues du Quebec (Geologist Permit number 1968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and a Senior Geologist and Project Manager with Dahrouge Geological Consulting Ltd. Mr. Smith holds common shares and options in the Company.

Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the JORC Code, 2012. Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property is one of the largest and highest-grade hard rock lithium projects being explored, with over 50 kilometres of strike length over a 214 square kilometre land package and over 70 lithium bearing pegmatite outcrops identified to date.

The Corvette Property is situated proximal to the all-weather Trans Taiga Road and Hydro-Quebec power line infrastructure in the Eeyou Istchee James Bay region of Quebec. The Property hosts significant lithium potential highlighted by the CV5 Pegmatite, which has been traced by drilling over a strike length of at least 3.7 km with spodumene pegmatite encountered as deep as 425 m vertical depth.

We seek Safe Harbor.