Mr. Martin Kostuik reports

BATTERY MINERAL RESOURCES CORP. ANNOUNCES COMMUNITY AND SOCIAL INITIATIVES AT THE PUNITAQUI PROJECT IN CHILE

Battery Mineral Resources Corp. has completed agreements with the Comunidad Agricola Potrerillos Alto and the Comunidad Agricola Punitaqui.

The Potrerillos community is nearest in proximity to Battery Mineral Resources' Cinabrio mine assets and the agreement will allow for surface exploration consisting of a ground magnetic survey, geological mapping and sampling to identify potential new targets on grounds for which the Potrerillos community has surface rights to. The agreement gives Battery Mineral Resources personnel and its contractors the permission to access and conduct agreed-upon surface work. The agreement also allows Battery Mineral Resources to drill the potential targets to be defined within the first stage of exploration. These areas to be explored have not been previously examined, and ground magnetic surveys have been successfully used in the area as a first step to locating possible new target mineralization. Battery will hire members of the Potrerillos community to assist in these endeavours at market rates of remuneration. Battery Mineral Resources will now be able to follow up on any encouraging exploration results.

To support aid and improve the local community, Battery Mineral Resources has also agreed to finance the construction of a water well for the people of Potrerillos. The well will directly benefit the people of Potrerillos for many years to come. Water sourced from this new well will be solely for members of the community for personal usage, replacing the current situation of water being trucked in to supply their community water reservoir. This new well will not only increase the amount of available water but also lower the costs by eliminating the trucking of water that is currently taking place.

In addition to these new endeavours, Battery Mineral Resources will continue to support the payment for the services of the individual in charge of the school nursery of the Cordillera de Potrerillos Alto School, as it has been doing since September, 2022.

Battery Mineral Resources is in the process of establishing a community engagement and meeting office at the Punitaqui copper processing plant site to be staffed by individuals at the expense of the company. The office will allow for all persons in the direct area of influence of the company's operations to liaise in person with Battery at their convenience. The company hopes to have this new office in place in the coming weeks.

Other agreements and community items

As previously reported, Battery Mineral Resources has been working closely with Integratio Mediacao Social e Sustentabilidade, a socio-environmental management, strategic relationship and stakeholder engagement consultant group operating for over 17 years and based in Belo Horizonte, Brazil. Integratio and Battery Mineral Resources have jointly completed a policy and strategy report that includes guidelines and standards for future social and community engagement and reporting. This policy is the foundation for positive, pro-active and mutually beneficial engagement and partnership with the local communities.

In addition, the company has agreements in place with the Punitaqui community for surface rights access to the Punitaqui copper processing plant and tailings areas and also the Dalmacia copper deposit to the south. Further to these surface rights agreements, Battery Mineral Resources has agreed to a specific schedule with the municipality of Punitaqui regarding ore haulage from Cinabrio to Punitaqui copper processing plant. Out of an abundance of caution and for the safety of all concerned, the company agreed to limit the ore haulage from the Cinabrio and San Andres deposits to its Punitaqui copper processing plant to certain hours of the day and evening and to reduce the frequency of trucking prior to and after school hours to minimize traffic in the area. This agreement was accomplished in collaboration with both the Chilean Environment Assessment Service (SEA) and the people of the Punitaqui community during the submission of the company's environmental impact declaration (DIA).

Battery Mineral Resources chief executive officer Martin Kostuik stated: "We are delighted to have reached these mutually beneficial agreements with both the communities of Potrerillos and Punitaqui. The agreement with the community of Potrerillos emphasizes the strong regard we have for our neighbours nearest the Cinabrio mine complex and our commitment to engage constructively with all the company's stakeholders. This agreement will also allow BMR to potentially discover new mineralized areas on our claims near the Cinabrio mine complex. The agreement with the Punitaqui community is very important because it succinctly addresses their main concerns surrounding the restart of operations at Punitaqui. BMR strives to develop productive, ethical and transparent relationships with our surrounding communities, and we view it as our duty to our shareholders and communities to promote sustainable growth supported by safe, and socially responsible business practices while developing long-term resources. We look forward to greatly advancing our relationships with the people of Potrerillos and Punitaqui as we continue working diligently to restart our Punitaqui copper mine in the coming months of early 2023."

Details of the agreement with Potrerillos

To complete the geological tasks described herein, the company will have a period of up to 12 weeks from the commencement of work. In addition to the surface geological work to be completed by Battery Mineral Resources on the ground held by the Potrerillos community, the company financing is specifically for the exclusive construction of a well for the collection of groundwater for the use of the Potrerillos community. The construction and operation of the well will be at the exclusive expense and risk of the Potrerillos community.

Upon completion of the exploration work described herein, Battery Mineral Resources shall identify an area of interest within the Potrerillos community land, which will be the subject of a possible lease for the purpose of continuing the exploration work. The Potrerillos community shall assess the proposed area and may exclude parts of the land selected by Battery Mineral Resources, which shall accept the exclusion of the areas designated by the community. Once the surface area of interest has been agreed upon, the parties will sign a surface rights contract with a rental price per hectare for each year of lease. The lease term will allow for five years for Battery Mineral Resources to carry out exploration work and rent will be paid monthly. At the time of signing the lease, Battery Mineral Resources will pay advance rent. This advance will be deducted from the monthly rent resulting from applying the value of the annual rent by the final number of hectares that Battery Mineral Resources will require. The community will allocate the upfront payment to the purchase of equipment for the water well referred to herein.

About Battery Mineral Resources Corp.

Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global megatrend of electrification while being focused on growth through cash flow, exploration and acquisitions in favourable mining jurisdictions. Battery Mineral's mission is the discovery, acquisition and development of battery metals (namely cobalt, lithium, graphite and copper) in North America, South America and South Korea to become a premier and responsible supplier of battery minerals to the electrification marketplace. Battery Mineral Resources is currently pursuing a near-term resumption of operations of the Punitaqui mining complex, a past copper-gold producer, in the Coquimbo region of Chile. Battery Mineral Resources is the largest mineral claimholder in the historic Gowganda cobalt-silver camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, more-than-one-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100 per cent of ESI Energy Services Inc. (including ESI's wholly owned U.S. operating subsidiary, Ozzie's Inc.), a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada, and Arizona, United States. Battery Minerals Resources is based in Canada and its shares are listed on the TSX Venture Exchange under the symbol BMR and on the OTCQB under the symbol BTRMF.

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