Mr. Blair Way reports

PATRIOT ANNOUNCES INCLUSION IN THE S&P/ASX 300 INDEX

Patriot Battery Metals Inc.'s common shares have been selected for inclusion in the Standard & Poor's ASX 300 Index by the S&P Dow Jones, effective prior to Australian Securities Exchange market opening on Sept. 18, 2023.

Blair Way, company president and chief executive officer, commented: "We are very pleased that Patriot has been selected for inclusion in the S&P/ASX 300 Index. Over a short time frame, the team has advanced our Corvette property into a world-class lithium deposit that is still growing. Inclusion in this index recognizes our increased market capitalization and trading liquidity prompted by our growth and the development of our flagship Corvette hardrock spodumene lithium deposit located in the Eeyou Istchee James Bay region of Quebec. This inclusion to the S&P/ASX 300 Index places Patriot among the 300 largest securities traded on the ASX. It should also help increase our trading liquidity through incremental demand for our shares in Australia from institutional investors and fund managers who track the composition of the index and benchmark their performance against it."

The S&P/ASX 300 is designed to provide investors with broader exposure to the Australian equity market. The index measures 300 of Australia's largest highly liquid securities listed on the ASX by float-adjusted market capitalization. The S&P/ASX 300 Index covers the large-capitalization, mid-cap and small-cap components of the S&P/ASX Index series. This index is designed to provide investors with broad exposure to the Australian equity market while allowing them to benchmark against a wide selection of opportunities based on specific size and liquidity.

Currently, Patriot's shares are included in two North American indices: the MVIS Global Rare Earth/Strategic Metals Index and the S&P/TSX Battery Metals Index on the Toronto Stock Exchange. The inclusion in these indices led to increased ownership by institutional investors in North America, and the company anticipates that its inclusion in the S&P/ASX 300 Index may result in increased institutional ownership in Australia as well.

About Patriot Battery Metals Inc.

Patriot Battery is a hardrock lithium exploration company focused on advancing its district-scale 100-per-cent-owned Corvette property located in the Eeyou Istchee James Bay region of Quebec, Canada, and proximal to regional road and power line infrastructure. The Corvette property hosts the CV5 spodumene pegmatite with a maiden inferred mineral resource estimate of 109.2 million tonnes at 1.42 per cent Li2O and 160 parts per million Ta2O5 (at a cut-off of 0.40 per cent Li2O), and ranks as the largest lithium pegmatite resource in the Americas and one of the top-10 largest lithium pegmatite resources in the world. Additionally, the Corvette property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as more than 20 kilometres of prospective trend that remains to be assessed.

We seek Safe Harbor.