Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

Further to the news release dated Sept. 22, 2026, Battery X Metals Inc. has closed the first tranche of its previously announced non-brokered private placement, through the issuance of 101,000 units of the company at a price of $2.40 per unit, for aggregate gross proceeds of $242,400. Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $2.50 per warrant share, exercisable until Oct. 6, 2028.

The net proceeds of the private placement are intended to be allocated toward corporate awareness initiatives. The securities issued under the private placement will be subject to a statutory hold period expiring Feb. 7, 2027.

The remaining portion of the private placement is expected to close, in whole or in part, in one or more additional tranches on or before Nov. 6, 2026, subject to compliance with the policies of the Canadian Securities Exchange.

In connection with the closing of the first tranche, the company paid aggregate cash finders' fees of $2,160 to registered dealers.

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.

We seek Safe Harbor.