Mr. Frank Basa reports

CONIAGAS BATTERY METALS SECURES CRITICAL GROUND NEAR SOQUEM'S CARDINAL PROPERTY, ACCELERATING EXPANSION INTO HIGH-GRADE CU-NI-CO-PGE DEPOSITS

Coniagas Battery Metals Inc. has acquired key ground near SOQUEM's Cardinal property, situated 80 kilometres southeast of Chibougamau, Que. This significant move underscores Coniagas's commitment to capitalizing on high-grade copper/nickel/cobalt/platinum group element deposits in the region.

Coniagas has staked a total of 28.3 square kilometres of ground in multiple packages. The new package contains 531 claims for 28,397 hectares. This new property package is now dubbed Dartagnan. There is highway access to the southern part of Dartagnan as well as a network of logging roads providing access to other parts. Not only is there good access, but there is a power corridor leading to Chibougamau running through Dartagnan South. The company is committed to developing properties with good infrastructure in the world-leading mining jurisdiction of Quebec.

SOQUEM, a recognized leader in mineral exploration in Quebec, has reported impressive grades from its Richelieu and Edgar zones. Notable drill highlights include grades of up to 0.92 per cent copper, 0.73 per cent nickel and 0.11 per cent cobalt, along with 0.56 gram per tonne platinum, 0.46 gram per tonne palladium and 0.11 gram per tonne gold values, over an impressive 25.3 metres starting at downhole depth 130.7 metres (drill hole 1438-23-009 from SOQUEM press release dated March 1, 2024), affirming the rich mineral potential of the area. The Edgar zone reporting similar grades over 1.9 metres, much shallower starting at a downhole depth of 67.2 metres.

By strategically staking ground adjacent to SOQUEM's Cardinal property, Coniagas has leveraged local prospectors' expertise and regional geological data, including magnetic features and lake sediment samples with anomalous base metals. This pro-active approach underscores Coniagas's dedication to identifying and securing promising exploration targets with the potential for significant mineralization.

Frank J. Basa, chief executive officer of Coniagas Battery Metals, commented: "The SOQUEM copper, nickel and cobalt grades and widths are excellent; we are really excited to move into the area. The added benefit of the strong PGE/gold component will definitely drive value."

Coniagas Battery Metals is poised to expand aggressively on its flagship property, Graal, with a focus on becoming the premier junior explorer for copper/nickel/cobalt/platinum group element deposits in Quebec. This strategic acquisition aligns with Coniagas's overarching goal of acquiring and developing high-quality, high-grade properties in the region, thereby solidifying its position as a leading player in the battery metal exploration sector.

Coniagas wishes to thank Laurentian Exploration of Jonquiere, Que., for assisting with the Dartagnan acquisition.

Qualified person

The technical information in this news release was reviewed and approved by Claude Duplessis, PEng, Quebec, of GoldMinds Geoservices Inc., who is a qualified person in accordance with National Instrument 43-101.

About Coniagas Battery Metals Inc.

Coniagas Battery Metals is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Quebec. Coniagas's strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metal supplier to the electric vehicle (EV) market.

At its 100-per-cent-owned Graal project near Saguenay, Que., Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a six-kilometre strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The company plans, in the near term, to conduct additional drilling leading to the production of an NI 43-101 resource report, metallurgical testing and consultations with first nations. The Graal project and immediate work plan are outlined in detail in the "NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada," dated Jan. 17, 2024. The report is available along with other information at the company's website.

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