PATRIOT MAINTAINS EXPLORATION & DEVELOPMENT MOMENTUM AT CORVETTE WITH EXTENSIVE SUMMER-FALL WORKPLAN

Highlights

• 2024 Summer-Fall exploration program commences at Corvette:
  • Two exploration rigs operating at the CV13 Pegmatite, primarily undertaking step-out drilling targeting extensions of the recently discovered high-grade Vega Zone.
  • Two drill rigs collecting geotechnical and hydrogeological information to support advanced development and economic studies through feasibility.
  • Surface exploration activities underway, including detailed mapping at CV5 and CV13, channel sampling, and prospecting of prospective trends.
• Additional rigs to be added starting in early July, focused on continued infill and geomechanical drilling at the CV5 Pegmatite.
• Successful commissioning of a 100%-owned exploration camp proximal to the Property and all-season road access from the camp to the CV5 Pegmatite, reducing travel time and significantly increasing exploration efficiency and cost effectiveness.
  • Building on the successful relationship with the Cree, the new camp facilities have adopted the name Shaakichiuwaanaan Camp.
• Environmental baseline data collection is being undertaken in partnership with First Nations, representing a key milestone in progressing the Environmental and Social Impact Assessment (ESIA), due for submission in September 2025.

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on the 2024 Summer-Fall exploration and development programs at its 100%-owned Corvette Property (the “Property” or “Project”) located in the Eeyou Istchee James Bay region of Quebec. The Project, which hosts the CV5 Spodumene Pegmatite with a maiden Mineral Resource Estimate (“MRE”) of 109.2 Mt at 1.42% Li₂O Inferred¹, is situated approximately 13.5 km south of the regional and all‑weather Trans-Taiga Road and powerline infrastructure.

This multi-pronged and multi drill rig field work program has been designed to support the continued exploration and development of the Corvette Project. Work is anticipated to include step-out drilling at the recently discovered Vega Zone at the CV13 Pegmatite, infill drilling at the CV5 Pegmatite, as well as surface mapping and prospecting.

Additionally, significant environmental baseline data collection will continue to build on previous years in support of an Environmental and Social Impact Assessment (ESIA) submission for the Project, which is on schedule for September 2025

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