An anonymous director reports

SURGE BATTERY METALS PROVIDES UPDATE REGARDING BCSC NOTICE OF HEARING

Surge Battery Metals Inc. is providing an update regarding a notice of hearing issued by the British Columbia Securities Commission (BCSC) on Nov. 3, 2026, concerning allegations involving Graham Leslie Harris, chairman and director of the company.

The notice of hearing relates to certain transactions involving common shares of the company that occurred in September, 2023. The BCSC alleges that Mr. Harris sold shares of the company during a trading blackout period prior to the public disclosure of positive preliminary exploration results from the company's Nevada North lithium project.

The company notes that the allegations concern trading activity undertaken by Mr. Harris and do not constitute findings of wrongdoing. The allegations have not been proven, and Mr. Harris will respond through the applicable regulatory process, and he has been co-operating with such process.

Company review and response

The company's board of directors has been made aware of the notice of hearing.

The company takes its corporate governance and regulatory obligations seriously and will continue to co-operate with applicable regulatory authorities as appropriate and in connection with the foregoing, has appointed Owen Taylor as lead independent director.

The company emphasizes that the allegations relate to transactions occurring in 2023 and do not concern the current operations, technical results or ongoing development activities at its Nevada North lithium project.

Surge remains focused on advancing the Nevada North lithium project and executing its development strategy.

About Surge Battery Metals Inc.

Surge Battery Metals, a mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North lithium project.

We seek Safe Harbor.