Mr. Lazaros Nikeas reports

BATTERY MINERAL RESOURCES CORP. ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION

Battery Mineral Resources Corp. has reached an agreement to settle $1,556,234 (U.S.) in outstanding debt through the issuance of an aggregate of 10,654,752 common shares of the company at a price of 20 cents per common share.

The settlement amount represents obligations owed to certain arm's-length creditors under unsecured convertible debentures of the company, which were originally issued pursuant to a private placement between October, 2023, and October, 2024. The company previously settled approximately $23-million (U.S.) of debt owing to other creditors under debentures issued as part of the original offering through the issuance of 159,153,035 common shares on the same terms (see the company's news release dated Dec. 10, 2025). Following the completion of this latest debt settlement, the company will have converted approximately 99 per cent of the total outstanding debt under all debentures issued as part of the original offering.

The company's board of directors and management believe that completing the debt settlement is in the best interests of the company as it will allow the company to preserve its cash resources for continuing operations and strategic initiatives.

Completion of the debt settlement remains subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange. All securities issued in connection with the debt settlement will be subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.

About Battery Mineral Resources Corp.

Battery Mineral Resources operates the Punitaqui mining complex, a historic copper-, gold- and silver-producing mine in the Coquimbo region of Chile. The company's portfolio also includes 100-per-cent-owned ESI Energy Services Inc. and North American mineral exploration assets. The company is focused on providing shareholders with accretive exposure to copper and the global trend of electrification while targeting growth through cash flow, exploration and acquisitions in favourable mining jurisdictions.

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