Highly Anticipated Drilling Program Starts At Smokey Lithium

VANCOUVER - Victory Battery Metals has started its second phase drilling program on its Smokey Lithium Property in Nevada. The second phase 3-hole drill program includes high quality drill targets, seeking to extend strong lithium mineralization intersected previously on the property's hole 09, which ended in significant, claystone hosted, lithium mineralization at 417 feet. The program is anticipated to be completed within a 2-to-3-week period, pending weather.

The new drill targets are a perfect combination of step out drilling on previous a mineralized intersection along with grassroots targets of claystone sediments within the Weepah Detachment fault and underlying claystones of the Esmeralda Formation. The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined with the highly encouraging results from Victory's first round drilling (completed in 2022) the project area is highly prospective. Drill holes in this phase of drilling will test the total mineralized depth of Hole 09. The holes are being drilled 500-1000ft away from mineralized hole 09, such a distance to grow a resource as well as manage risk.

"Building on our extensive exploration on Smokey Lithium, our team has a high level of confidence in our understanding of the resource potential, which has informed the locations of the drill target intercepts now underway and, which are aimed at establishing the maiden resource potential of the property," said President and CEO, Mark Ireton.