Mr. Blair Way reports

PATRIOT'S CORVETTE PROJECT APPROVALS PROCESS COMMENCES WITH SUBMISSION OF THE PRELIMINARY INFORMATION STATEMENT

Patriot Battery Metals Inc. has filed the preliminary information statement with the Quebec government (Ministere de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP)) for its wholly owned Corvette project. The preliminary information statement report represents over two years worth of concentrated effort delineating the resource and exploration potential combined with preliminary environmental study work that will contribute to the proposed projects development. The document is available at the company's website.

Alix Drapack, company vice-president of ESG (environmental, social and governance), comments: "Submission of the preliminary information statement to the MELCCFP represents the first step in the environmental and social impact assessment, or ESIA, process. The MELCCFP will forward the file to the evaluating committee, or COMEV, a committee composed of members appointed by the Cree Nation government, the government of Quebec and the Canadian government. The COMEV will analyze the documentation presented, and will issue guidelines outlining the scope and nature of the impact study that must be undertaken for the project. MELCCFP will revise the guidelines and send them back to Patriot. The next stage for the company will be to carry out an impact study that complies with the guidelines issued. In preparation of the ESIA, Patriot has already commenced collection of environmental baseline data in the vicinity of the project and intends to collect additional data next year. We are continuing to engage with local communities to seek their input about our activities and plans."

Blair Way, company director, president and chief executive officer, comments: "The team has been diligent, motivated and working hard for all stakeholders to progress the Corvette property in a timely manner. To progress to this point after just over two years worth of work is both a credit to them and the significance of the discovery. Corvette is an outstanding project which hosts numerous spodumene-bearing pegmatites, including CV5, one of the pegmatite clusters that was the subject of an initial inferred mineral resource estimate, previously announced.

"Patriot is currently evaluating the Corvette project as a spodumene lithium open-pit mining operation. In targeting future Corvette mine production, we also aim to create sustainable value and benefits for host communities, shareholders and employees. We look forward to consulting with all stakeholders as the design of the project evolves," Mr. Way added.

Patriot has also prepared a project description that is ready to be filed with the Canadian government (Impact Assessment Agency), but due to the recent decision by the Supreme Court of Canada regarding the Impact Assessment Act, the company awaits clarification on next steps for the federal process before formerly submitting the document. It is not expected that this parallel process to provincial approvals will affect the progress nor timeline of overall mine approvals.

The Corvette project is highlighted by the CV5 spodumene pegmatite, which hosts a maiden mineral resource estimate of 109.2 million tonnes (Mt) at 1.42 per cent lithium oxide (Li2O) 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. The CV5 spodumene pegmatite is located approximately 13.5 kilometres south of the regional and all-weather Trans-Taiga Road, and powerline infrastructure, and approximately 50 km from the La-Grande 4 hydroelectric power station in the Eeyou Istchee James Bay region of Quebec.

About the CV lithium trend

The CV lithium trend is an emerging spodumene pegmatite district discovered by the company in 2017 and is interpreted to span more than 50 kilometres across the Corvette property. The core area includes the approximate 4.35 km long CV5 spodumene pegmatite, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42 per cent Li2O inferred.

To date, seven distinct clusters of lithium pegmatite have been discovered across the Corvette property -- CV4, CV5, CV8, CV9, CV10, CV12 and 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, subparallel 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 Darren L. Smith, MSc, PGeo, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Geologues du Quebec (geologist permit No. 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member No. 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, and 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 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code). 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 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 mineral resource estimate of 109.2 Mt at 1.42 per cent Li2O inferred and ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent 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 km of prospective trend that remain to be assessed.

Note:

• The CV5 mineral resource estimate (109.2 Mt at 1.42 per cent Li2O and 160 parts per million (ppm) Ta2O5 (tantalum oxide) inferred) is reported at a cut-off grade of 0.4 per cent Li2O with an effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

We seek Safe Harbor.