Mr. Tom Yingling reports
Green Battery Minerals Inc. has provided an update to shareholders on the progress of the property acquisition agreement
dated Feb. 23, 2023. The company entered into an agreement with Michel Robert and Hugh Oswald (the
vendors) to option 1,622.30 hectares of mineral claims semi-contiguous to the Berkwood graphite project located in Northern Quebec in consideration for the issuance of a warrant to purchase up to 613,000
common shares, exercisable at the price of nine cents per share for three years. The vendors are arm's length to the
company. No finder's fee is payable.
The company has obtained conditional approval and is working toward closing the transaction. The company will
update shareholders as events occur.
These claims are semi-contiguous to the company's Berkwood project and in the same graphite-bearing geological
formation which contains graphitic outcrops. The Berkwood project is based on the concept of mining shallow
contiguous graphite deposits and outcrops. The newly acquired claims also have similar and geophysical features as
Berkwood and sampling has already produced high-grade graphite at surface. The properties are road accessible with
excellent infrastructure nearby.
Tom Yingling, president and chief executive officer of Green Battery, states: "Our goal is to expand our graphite property landholdings in Quebec. These new claims have been added to the company's landholdings because they are 100 per cent owned,
road accessible, and have similar geological and geophysical features as our Berkwood graphite project. The
company has a 43-101 graphite resource estimate of indicated and inferred of 3.2 million tonnes on its Berkwood
graphite project, and these new claims are semi-contiguous to it."
We seek Safe Harbor.
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