Mr. Blair Way reports

PATRIOT BATTERY METALS COMMENCES QUEBEC'S LARGEST LITHIUM DRILL CAMPAIGN AT THE CORVETTE PROPERTY

Patriot Battery Metals Inc. has commenced the 2024 winter drill campaign at its wholly owned Corvette property, located in the James Bay region of Quebec. Additionally, the company has completed the construction of a winter road (approximately 20 kilometres in length), extending site access from the all-season Trans-Taiga Road to the CV5 drill area.

The 2024 winter drill program has commenced and is planned to increase to 10 drill rigs by the end of January until late April. A minimum metreage of 45,000 metres (NQ core size) is anticipated to be completed over the winter period. The primary objective of the program is infill drilling to improve the confidence of the CV5 pegmatite's geological model to support an upgrade in the confidence of the maiden mineral resource estimate from the inferred category to the indicated category. This is the most aggressive drill campaign undertaken to date by the company at the Corvette property. The company intends to provide an updated mineral resource estimate to the market in the third quarter of 2024.

Blair Way, company president, chief executive officer and director, comments: "We have another huge year ahead of us with this aggressive drill campaign to upgrade the resource and continue to derisk the project. It is an exciting time for the company."

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 Metals 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 power line infrastructure. The Corvette property hosts the CV5 spodumene pegmatite with a maiden mineral resource estimate of 109.2 million tonnes 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 km of prospective trend that remain to be assessed.

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