Highly Favorable Clay Horizons Intersected In All Phase 2 Holes Drilled At Nevada North Project

VANCOUVER - Surge Battery Metals Inc. reported that it continues to expand the footprint of the Nevada North lithium clay deposit. Phase 2 drilling is in progress and visual inspection of each of the five holes drilled to date ("V", "P", "M", "N","R") confirms the presence of similar clay horizons discovered in the 2022 program, now over a much wider area. Drill cores are being sent to ALS labs for assay.

In this current program, drill pad locations were set out to test for extensions of the clay beds intersected in 2022 drilling where the average lithium content, within all near-surface clay zones, and applying a 1,000-part-per-million cut-off, was 3,254 parts per million. The potential to significantly expand the area of the deposit was interpreted from the recently completed geophysical survey.

Of the eight holes planned in the current program, seven can be regarded as step-out holes from the 2022 program. Importantly, the recently completed drill hole "V", located on an assumed northwest trend, successfully intersected the known lithium clay horizons, thereby extending the strike length of the deposit from the current 1,620 meters to more than 3,000 meters. Given this result, we will not drill location "U" but have applied to the BLM to replace it with drill hole "W", 500 meters to the north of drill location "V". Drill location "Q" will remain in place to test the known width of the mineralization to 950 meters from the previously drill-indicated 400 meters. (See drilling location map below). Also, the Company may revisit other holes such as hole "R" and NN2208 for further depth in order to completely test the full extent of clay layers previously intersected it in those holes.

Leveraging off the success of the first five sonic drilled holes the Company has contracted with Alford Drilling of Elko, Nevada to diamond drill the last three holes. This will allow drilling to reach greater depths and to provide a larger core sample to support metallurgical analysis and study by our Director Dr V.J. Mehta, a world-renowned expert in lithium mining, extraction, and processing.

Greg Reimer, Chief Executive Officer, and Director, said,  "I am excited to report that with five holes completed so far in the second round of drilling, and with clay layers intersected in each new hole, we can measure a dramatic increase in the overall known area of clay bearing horizons. The incorporation of diamond drilling along with the change to incorporate drill location "W", will further test the boundaries of the deposit."