Mr. Blair Way reports

PATRIOT EXPANDS ITS LAND POSITION AT ITS EASTMAIN PROJECT IN THE EEYOU ISTCHEE JAMES BAY REGION, QUEBEC

Patriot Battery Metals Inc. has increased its land position at its Eastmain project, located in the Eeyou Istchee James Bay region, Quebec, through the acquisition of a 100-per-cent interest in two proximal claim blocks. The new claim blocks total 73 claims (3,851.5 hectares) and are located immediately adjacent to Alkem Ltd.'s James Bay lithium project, and on strike of the James Bay lithium deposit, within the prospective Eastmain greenstone belt.

Blair Way, company president and chief executive officer, comments: "These claims are a very complementary addition to our Eastmain project and the other non-core lithium properties the company holds. As we continue to be focused on aggressive advancement of our Corvette project, we are also evaluating opportunities and approaches for unlocking the value these non-core assets hold for our shareholders."

The company acquired a 100-per-cent interest in the new Eastmain claims by way of a purchase and sale agreement whereby the company paid an aggregate $500,000 cash and issued 120,000 common shares in the capital of the company. There are no royalty rights associated with the acquisition.

The agreement has been accepted by the TSX Venture Exchange on Oct. 27, 2023. The issued shares are subject to a statutory hold period of four months and one day from issuance. No finder's fees or commissions were paid in connection with the acquisition.

Collectively, the Eastmain project, now consisting of four blocks totalling 86 claims (4,538.0 hectares), forms part of the company's non-core lithium asset portfolio which includes the Pontax (100 per cent), Lac du Beryl (100 per cent) and Hidden Lake (40 per cent) properties. To date, lithium pegmatite has been confirmed at Hidden Lake and Pontax, with significant lithium exploration potential present throughout its non-core property portfolio.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock 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 powerline infrastructure. The Corvette property hosts the CV5 spodumene pegmatite with a maiden mineral resource estimate of 109.2 million tons at 1.42 per cent lithium oxide inferred and ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent (LCE), 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 remain to be assessed.

We seek Safe Harbor.