Highest Grade Lithium Assays To Date At Nevada North Project

VANCOUVER - Surge Battery Metals Inc. reported that the first certified analytical results for the 2023 summer drilling program at their Nevada North Lithium Project (NNLP) returned multiple zones of high values ranging from 1,000 ppm to 8070 ppm lithium, the highest grades for exploration to date on the NNLP. Samples from sonic drill hole NN2301 (Drill site location R) returned positive results ranging between the 1,000 ppm cutoff to 8,070 ppm Li within 4 horizons. The composite thickness of intersected clay horizons was 140 ft (42.7m), for an overall average grade of 4,067ppm Li. This includes the highest grade and shallowest zone which begins at 27.5ft (8.39m) below surface and extends 80 ft (24.4m) and ranges from 3,090 ppm to 8,070 ppm Li, for an overall composite grade of 4,939 ppm Li. The composite grade of the first clay horizon encountered in sonic hole NN2301 is 28% higher than the weighted average composite grade of the first clay horizon intersected in the reverse circulation drillholes completed by the Company in its 2022 drill program.

Drilling for the first five holes of the 2023 campaign was completed using sonic drilling methods. The final three holes for the season are being drilled using wireline diamond core drilling techniques. The results from geophysical surveys indicated another clay horizon at depth and the Company plans to deepen NN2301 with the diamond drill. Samples from the sonic drilling were collected in plastic bags for each 2.5 feet (76.2 cm) interval in plastic bags. Surge workers at the rig retained a representative sample in chip trays and core boxes for each interval and sealed the bags with wire ties. Samples were transported by Surge workers to a locked warehouse in Elko, Nevada where they were stored for sub sampling. At the warehouse, the sample bags were opened and a subsample of approximately 25% of the material was bagged for assay and the original sample bags were overwrapped for storage. The samples batches included 6% insertion of QA/QC samples, including blanks, duplicates, and commercially obtained standards. Both duplicates and standards ran within 4 percent of the known and duplicated values, with the blanks reporting no greater than 20 parts per million lithium.

Greg Reimer, Chief Executive Officer, and Director, said, "With lithium values up to 8070 ppm we are excited with the results from our first drill hole of the 2023 season. These results confirm and improve on results from our initial 2022 reverse circulation drilling campaign. We plan on expanding on the NN2301 results with further diamond drilling and look forward to receiving and reporting these results and additional holes in the coming weeks as we complete this summer's drilling campaign."