Mr. Massimo Bellini Bressi reports

BATTERY X METALS APPOINTS AUTOMOTIVE INDUSTRY PROFESSIONAL FROM CANADIAN SUBSIDIARY OF ONE OF THE WORLD'S LEADING PREMIUM AUTOMOBILE MANUFACTURERS, HEADQUARTERED IN MUNICH, GERMANY, TO ITS ADVISORY BOARD TO ADVANCE COMMERCIALIZATION OF ITS PATENT

Battery X Metals Inc. has appointed Zachary Funk, an experienced automotive industry professional who currently holds a regional sales and operations role with the Canadian division of one of the world's leading manufacturers of premium automobiles, headquartered in Munich, Germany, to its advisory board.

The appointment of Mr. Funk to its advisory board follows the company's previously announced appointment of Jeffrey Greenberg, former director and executive officer of Fortune 500 company Skechers USA Inc., as disclosed in the company's news release dated Dec. 24, 2025, and reflects the continued expansion of the company's advisory board as it builds a multidisciplinary group of industry leaders, business operators and commercialization-focused advisers to support the advancement and market deployment of its battery life cycle technologies.

Appointment of Zachary Funk

Mr. Funk brings extensive experience in sales, operations and dealer network development, having held senior roles within some of Canada's most recognized premium automotive groups. In his current position with the global premium automobile manufacturer, he oversees the operational performance of 13 management teams across Canada, guiding a comprehensive set of sales and customer experience key performance indicators, including sales-volume targets, client-satisfaction metrics and retail execution standards. He is responsible for ensuring that retailers consistently meet the brand's global expectations for service quality, performance and presentation. Through this role, Mr. Funk contributes directly to the regional implementation of the global premium automobile manufacturer's sales and operational strategies for one of its globally recognized performance and design-focused brands, reinforcing customer-centric initiatives and driving operational excellence across the network.

Prior to his current position with the global premium automobile manufacturer, Mr. Funk served in dual brand management roles overseeing both new and preowned operations for leading globally recognized automotive marques within the Gain Group, which operates a network of more than 20 automotive businesses across Vancouver Island and the Lower Mainland of British Columbia.

Role within Battery X Metals' advisory board

As part of his appointment to the advisory board, Mr. Funk will assist the company in an advisory capacity, providing strategic insight and guidance relating to the development and commercialization pathway of its patent-pending lithium-ion-battery rebalancing software and hardware system. Leveraging his experience in sales, operations and dealer network management, Mr. Funk will advise on matters relating to business development, market entry strategies and engagement withing the broader automotive ecosystem. In particular, Mr. Funk will support the company by providing strategic insight into engagement approaches with automotive groups, dealership and service networks, and advise on customer adoption and commercialization strategies.

Performance validation of patent-pending lithium-ion-battery rebalancing machine

Battery X Metals, through its wholly owned subsidiary Battery X Rebalancing Technologies Inc., has developed a next-generation working prototype designed to extend the remaining useful life of electric vehicle batteries by rebalancing cell-level imbalances that degrade performance over time. Validation of the rebalancing machine has demonstrated measurable capacity recovery and range improvement across multiple electric vehicle platforms, underscoring the technology's potential to reduce replacement costs, extend vehicle life cycles and promote sustainability through more efficient utilization of existing battery resources.

As disclosed in the company's news releases dated July 4, July 25 and Oct. 24, 2025, and Jan. 13, 2026, the company completed a series of real-world driving performance trials on two fully electric Class 3 commercial vehicles. In the first trial, the rebalancing machine restored a severely degraded battery pack from a reported range of approximately 40 kilometres to an estimated 295 kilometres under no-load conditions, representing a 255-kilometre increase, or an approximately 637-per-cent improvement. In the second trial, the Battery X rebalancing machine's integrated diagnostic function identified a defective cell within a parallel-connected group that had caused premature vehicle shutdown below approximately 60-per-cent state of charge. Targeted cell replacement, followed by rebalancing, restored the electric truck's effective driving range from approximately 40 kilometre to an estimated 265 kilometres under no-load conditions, representing a 225-kilometre increase, or approximately 563 per cent improvement.

In the third trial, as disclosed in the company's news release dated Oct. 24, 2025, in a follow-up validation assessment, the second electric truck maintained stable range performance after approximately four months and more than 2,000 kilometres of real-world operation. The vehicle achieved an estimated range of approximately 250 kilometres during the first trial and a weighted-average effective driving range of approximately 220 kilometres per full charge over a cumulative 0.92 state of charge. These results confirm that the improvement achieved through targeted intervention and rebalancing procedures was sustained over time, with only minor range variance, demonstrating the durability of the rebalancing procedure and its potential to extend remaining useful battery lifespan and improve performance and efficiency across consumer, fleet and commercial EV applications. In the fourth trial, as disclosed in the company's news release dated Jan. 13, 2026, the company announced the results of a real-world performance trial on a light-duty electric vehicle equipped with a severely imbalanced 144-cell lithium-ion-battery pack that had become effectively inoperable, with an estimated prerebalancing range of approximately 0.1 kilometre per charge. Following completion of a full rebalancing procedure, the vehicle achieved an average estimated driving range of approximately 135.9 kilometres per charge under mixed driving conditions.

Further, as disclosed in the company's news release dated May 22, 2026, the company announced the results of a series of lithium-ion-battery rebalancing trials by multiple international arm's-length third party automotive service centres on multipole electric vehicle platforms manufactured by BYD Company Ltd., utilizing its next-generation, patent-pending battery rebalancing technology, demonstrating estimated driving range improvements of up to approximately 84 kilometres per charge. The results, observed across BYD Song, Seal and Han vehicle models, are intended to support continuing validation, commercialization and deployment initiatives related to the company's battery rebalancing technology platform and further demonstrate its potential applicability across high-volume electric vehicle ecosystems.

Together, the trials demonstrate the rebalancing machine's ability to restore degraded battery capacity caused by battery cell imbalance, extend remaining useful lifespan and address diagnose cell-level defects across EV battery packs -- without resorting to costly full battery pack replacements. By delivering battery rebalancing and diagnostics across multiple EV battery chemistries and configurations, the company is positioned to address the growing need for scalable, cost-effective battery lifespan extension and recovery solutions as nearly 40 million electric, plug-in hybrid and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage by 2031.

The company continues to advance its commercialization road map through continuing research and development initiatives focused on refining standard operating procedures, enhancing software functionality, advancing preparations for Underwriters Laboratories certification, expanding EV brand and model adaptor compatibility, and implementing hardware design enhancements for its next-generation patent-pending lithium-ion-battery rebalancing platform. Further to the company's news release dated Jan. 2, 2026, the company continues to advance the development of adaptor and connector solutions for the Tesla Model 3 battery platform, supporting its broader compatibility expansion strategy targeting the No. 1 selling electric vehicle brand in the United States. Further to the company's news release dated May 14, 2026, announcing the delivery of three next-generation patent-pending lithium-ion-battery rebalancing machines and related supporting components, the company continues to utilize these systems to support continuing validation activities, adaptor development, product refinement and commercialization readiness initiatives. Through these efforts, the company is continuing the technical development and commercial evaluation of its battery rebalancing platform as it advances toward broader market deployment.

As the number of out-of-warranty EVs experiencing battery degradation from cell imbalance may continue to grow with the broader out-of-warranty EV market, the company's objective is to extend the remaining useful life of EV battery packs, lower the total cost of ownership for fleet operators and consumers, and empower automotive service centres with a new revenue stream to diagnose and rebalance EV batteries, supporting the global transition toward sustainable electric mobility. The appointment of Mr. Funk to the advisory board represents key milestones in strengthening industry engagement and accelerating commercialization initiatives.

"We are very pleased to welcome Mr. Funk to our advisory board," said Massimo Bellini Bressi, chief executive officer of Battery X Metals. "His experience within one of the world's leading premium automobile manufacturers' Canadian division and prior experience with premium automotive dealership groups is expected to provide an exceptional understanding of dealer networks, customer adoption and automotive business development. Mr. Funk's ability to connect our next-generation, patent-pending technology with the right potential commercial partners and provide hands-on strategic guidance are expected to be invaluable as we advance our patent-pending lithium-ion rebalancing machine toward market deployment."

"I am excited to join Battery X Metals' advisory board at such a pivotal stage in the commercialization cycle of its patent-pending lithium-ion rebalancing machine," said Mr. Funk. "Extending the useful life of EV batteries is essential not only for reducing long-term costs for owners, but also for enabling the automotive industry to deliver on its sustainability commitments. Drawing on my experience with premium automotive brands and dealer networks, I look forward to helping the company build strategic partnerships, open sales channels and accelerate the adoption of this technology."

The problem: rising EV adoption presents new battery life cycle challenges

In 2024, global EV sales reached approximately 17.1 million units, representing a 25-per-cent increase from 2023. With cumulative global EV sales from 2015 to 2023 totalling an estimated over 40 million units, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years.

By 2031, nearly 40 million electric, plug-in hybrid and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity and costly replacement requirements. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs and support a sustainable transition to electric mobility is increasing.

The solution: pioneering next-generation technologies to support lithium-ion-battery longevity

Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements.

Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada, focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion-battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of 15 72-ampere-hour LiFePO4 cells connected in series. The cells were initially balanced to a uniform state of charge, with a measured discharge capacity of 71.10 ampere hours. In the validation test, three of the 15 cells were then artificially imbalanced -- one cell was charged to a 20 per cent higher SOC, and two cells were discharged to a 20 per cent lower SOC -- resulting in a reduced discharge capacity of 46.24 ampere hours, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology.

About Battery X Metals Inc.

Battery X Metals is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360-degree approach to the battery metal industry, the company focuses on exploration, lifespan extension and recycling of lithium-ion batteries and battery materials.

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