Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES EQUITY INCENTIVE GRANTS

Battery X Metals Inc. has granted stock options and restricted share units (RSUs) to certain directors, officers and consultants of the company, effective March 12, 2026, in accordance with its omnibus equity incentive plan (OEIP).

Stock options

The company granted a total of 197,500 stock options at an exercise price of $2.10 per share. The stock options vest immediately on the grant date and have a two-year term expiring on March 10, 2028.

Restricted share units

The company also granted a total of 151,500 RSUs to directors, officers and consultants of the company. The RSUs shall vest as follows:

• 25 per cent on the date that is four months and one day from the grant date;
• 25 per cent on the date that is six months from the grant date;
• 25 per cent on the date that is nine months from the grant date;
• 25 per cent on the date that is 12 months from the grant date.

All securities are subject to a statutory hold period of four months and one day from the grant date, in compliance with applicable stock exchange policies.

In accordance with Section 6.5(6)(c) of Canadian Securities Exchange Policy 6, equity grants issued by the company under the plan will not be greater than: (i) 5 per cent of the issued and outstanding shares to any individual; or (ii) 10 per cent in total in the next 12 months.

The stock option and RSU grants to Massimo Bellini Bressi, Dallas Pretty, Howard Blank, Martino Ciambrelli and John Campbell are related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The insider grants are exempt from the valuation requirement of MI 61-101 by virtue of the exemptions contained in Section 5.5(b) of MI 61-101 as the company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101 in that the fair market value of the insider grants do not exceed 25 per cent of the company's market capitalization. As the material change report disclosing the insider grants is being filed less than 21 days before the transaction, there is a requirement under MI 61-101 to explain why the shorter period was reasonable or necessary in the circumstances. In the view of the company, it is necessary to immediately close the insider grants and, therefore, such shorter period is reasonable and necessary in the circumstances to improve the company's financial position.

About Battery X Metals Inc.

Battery X Metals is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360-degree approach to the battery metals industry, the company focuses on exploration, lifespan extension and recycling of lithium-ion batteries and battery materials.

We seek Safe Harbor.