Mr. Libor Michel reports

INTERNATIONAL BATTERY METALS ANNOUNCES MARKETED PRIVATE PLACEMENT OFFERING

International Battery Metals Ltd. has entered into an agreement with Stifel Canada and BMO Capital Markets, as co-lead agents and joint bookrunners, in connection with a proposed best efforts private placement marketed offering of units of the company for aggregate gross proceeds to the company of up to approximately $15-million (U.S.) at a price of $1 per unit.

Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant of the company. Each whole warrant shall entitle the holder thereof to acquire one common share in the capital of the company at an exercise price of $1.25 per warrant share until the date which is two years following the closing date.

The company will grant the agents an option to increase the size of the offering by up to an additional 15 per cent of the units sold under the offering, exercisable, in whole or in part, at any time and from time to time up to 48 hours prior to the closing of the offering.

The net proceeds of the offering will be used by the company: to commence the first commercial direct lithium extraction project in North America; to advance engineering on its second-generation extraction technology; and for working capital and general corporate purposes.

The closing of the offering will occur on a date to be mutually agreed by the company and the co-lead agents, and will be subject to certain satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

About International Battery Metals Ltd.

The company's direct lithium extraction technology is based on proprietary lithium extraction housed in patented extraction towers that are enclosed in a modular, shippable platform able to be loaded and brought into production within 10 days of arrival on a customer site. Utilizing the patented technology, the company's focus has been on advanced extraction of lithium chloride from groundwater salt brine deposits and returning the same water to the subsurface aquifer from which it is extracted. The company's unique, patented technology ensures faster delivery of lithium chloride while ensuring minimal environmental impact.

We seek Safe Harbor.