Mr. Michael Murphy reports
GLOBAL BATTERY METALS RESPONDS TO PRESS RELEASES REGARDING PROPOSED
SALE OF LRH RESOURCES LIMITED TO EUROPEAN LITHIUM
Global Battery Metals Ltd. has been made aware of an announcement by European Lithium Ltd. (EUR)
and an announcement by Technology Minerals PLC (TMI) of the proposed sale of LRH Resources from TMI to EUR for $10-million (U.S.) worth of Critical Metals Corp. shares.
Through the proposed sale of LRH, TMI is suggesting the transfer of TMI's interests in the Leinster
lithium project in Ireland. The press releases identify 23 licences being transferred as part of the
Leinster lithium project. Global Battery effectively maintains the right to earn a 90-per-cent interest in 16 of these
licences and a right of first refusal in respect of the transfer of the licences. All exploration work referred
to in the EUR press release was conducted on these 16 licences.
At this time, Global Battery has not agreed to any transaction and remains open to considering all existing and
alternative strategies moving forward.
About Global Battery Metals Ltd.
Global Battery is an international mineral exploration and development company with a focus on lithium,
copper and other metals that comprise and support the rapid evolution to battery power. Global Battery
currently maintains economic interests in four battery metal projects: (1) an option to acquire up to a
90-per-cent interest in the Leinster lithium property; (2) an option to acquire an additional six licences
contiguous to the Leinster lithium project from Tancred Resources, covering 249 square kilometres adjacent to the
Knockeen lithium pegmatite project and more than quadrupling Global Battery's southern licence land
position at the Leinster lithium project; (3) a 100-per-cent interest in the drill-ready Lithium King property in
Utah; and (4) a 55-per-cent stake in the Peru-based Lara copper property, which has over 10,000 metres of
drilling. As previously disclosed, Minsur SA, a Peruvian mining company, entered into an option
agreement with Global Battery and Lara Exploration Ltd. to acquire the Lara copper property for staged
payments of $5.75-million (U.S.). Global Battery will retain a 0.75-per-cent net smelter return royalty.
We seek Safe Harbor.
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