Mr. Tim Fernback reports

GRID BATTERY METALS UPDATE - DRILLING COMPLETED ON ITS CLAYTON VALLEY LITHIUM PROJECT

Grid Battery Metals Inc.'s reverse circulation drilling program has now been completed on the company's claim block at Silver Peak, Clayton Valley, Esmeralda county, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's evaporation ponds and is nearby Century Lithium Corp.'s proposed 5,430-acre Angel Island lithium mine, which recently released a positive feasibility study detailing a 40-year mine life and an after-tax NPV8 (net present value with 8-per-cent discount rate) of $3.01-billion.

Tim Fernback, company president and chief executive officer, comments: "Now that our fall drilling program at our Clayton Valley lithium project has been successfully completed, we are eagerly awaiting the lithium assay results from the lab.

"One of the stated goals of the planned drilling program was to test the depth of the accumulated lithium brine and claystones on our property. With this knowledge, we can propose a significant follow-on exploration program that will work towards an eventual maiden resource calculation and NI 43-101 preliminary economic assessment.

"We remain very excited about this opportunity in Nevada for our company and shareholders."

Steven McMillin, PG, comments: "We ended the drilling program with our last hole drilled to a depth of 1,160 feet, testing a considerable section of possible lithium bearing sediments on the property. In total, five holes were completed for 4,730 total feet. Four holes were originally planned, but a fifth hole (RCV-08) was offset from RCV-06 that was lost at a shallow depth to bad ground conditions. We encountered highly variable drilling conditions in each hole including high water temperatures and volumes. Lithologies were also variable from hole to hole. However, in most holes we encountered evidence of hot-spring-style alteration within the first 600 feet in the form travertine and tufa. Several heavy clay layers were encountered in most holes that could have originally been tuff units. Our last hole (RCV-08) was terminated by an impenetrable zone of heavy brick red ball clay. In Clayton Valley, sinter, travertine and tufa are considered surface evidence of geothermal waters that can leach and mobilize lithium from ash layers at depth. Both drill cuttings and water were sent for analysis."

Mr. Fernback continues, "The results from the Clayton Valley lithium project fall drilling program are expected to arrive in mid-late November."

Qualified person

Mr. McMillin, PG, is an independent qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained within this news release.

About Grid Battery Metals Inc.

Grid Battery Metals is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The company's maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

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