Mr. James Nelson reports

CRUZ BATTERY METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT TO FUND WORK PROGRAMS ON ITS NEVADA & ONTARIO PROJECTS

Further to its news release dated Oct. 23, 2025, Cruz Battery Metals Corp. has completed its private placement financing, pursuant to which it issued an aggregate of 14,982,750 units at a price of 3.26 cents per unit for aggregate gross proceeds of $488,438. Each unit comprises one common share in the capital of the company and one transferable share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of five cents per warrant share for a period of five years from the closing of the financing.

The company paid cash finders' fees of $26,210 and issued 744,000 non-transferrable share purchase warrants to certain finders as finders' fees in connection with the financing. Each finder warrant entitles the holder thereof to acquire one share at a price of five cents per finder warrant share for a period of two years from the closing of the financing. All securities issued in connection with the financing are subject to a statutory hold period expiring four months and one day after the closing of the financing.

Net proceeds from the financing are expected to be used to finance work programs on the company's Nevada lithium projects and the gold-copper project in Ontario. Throughout the first four phases of drilling, Cruz has discovered lithium in all 14 drill holes on the Solar lithium project in Nevada, directly bordering American Lithium Corp.

James Nelson, president of Cruz Battery Metals, stated: "Lithium prices are currently at year highs, according to [the Trading Economics website], and attention towards domestic lithium seems to have renewed since President Trump agreed to take a stake in Lithium Americas' Thacker Pass lithium mine in Nevada, announced by Reuters on Oct. 1, 2025. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to proceed with a work program on the Solar lithium project, directly bordering American Lithium Corp., with the goal of producing a maiden resource estimate in the first half of 2026. In addition, funds from this financing will strengthen our working capital position, providing us with greater flexibility to plan preliminary work programs on the Sterling South gold-copper project directly bordering Sterling Metals Corp.'s recent discovery in Ontario. The company is very optimistic about the growth prospects for the remainder of 2025 and beyond as we become more active than we've been in years."

Qualified person

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Cruz Battery Metals Corp.

Cruz currently has several battery-metal-focused projects located in the United States. Cruz's Nevada lithium projects consist of the 4,938-acre Solar lithium project, the 240-acre Clayton Valley lithium brine project and the recently acquired 580-acre Central Clayton Valley lithium brine project. Cruz's Sterling South gold-copper project in Ontario consists of 42 claims for approximately 2,500 acres. Cruz also has the 124-acre Idaho Cobalt Belt project. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the company's properties.