Mr. Greg Reimer reports

LITHIUM X2 MINING INC. ANNOUNCES COMPLETION OF CORPORATE NAME CHANGE AND NEW TRADING SYMBOLS

Lithium X2 Mining Inc. (formerly Surge Battery Metals Inc.), further to its previously announced corporate name change, has received final approval from the TSX Venture Exchange to change its name from Surge Battery Metals to Lithium X2 Mining.

Effective at the opening of trading on Nov. 9, 2026, the company's common shares will commence trading on the TSX-V under the new trading symbol LIXX, replacing the former trading symbol NILI. Concurrently, the company's common shares will cease trading under the name Surge Battery Metals.

In connection with the name change, the company's trading symbol on the OTCQX Best Market will change from NILIF to LIXMF.

The company's new Cusip number is 53681Q 10 7. There has been no consolidation of the company's share capital in connection with the name change and shareholders are not required to take any action. The company's transfer agent, Odyssey Trust Company, will continue to act as transfer agent and registrar.

The name change was approved by the company's board of directors on Oct. 20, 2026, and reflects the company's continued evolution and strategic focus on advancing its flagship Nevada North lithium project in Elko county, Nevada, toward development.

Management commentary

"The transition to Lithium X2 Mining Inc. marks an important milestone in the company's evolution as we continue advancing our Nevada North lithium project," commented Greg Reimer, chief executive officer of Lithium X2 Mining. "Our new corporate identity better reflects the scale and potential of our lithium asset and represents another step toward aligning the company with the long-term vision of our strategic advisers. We believe the Lithium X2 brand will strengthen our positioning within the North American critical minerals sector as we work toward our next phase of growth."

About Lithium X2 Mining Inc.

Lithium X2 Mining, a mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North lithium project. The project focuses on development of high-grade lithium energy metals in Nevada, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange and a listing on the OTCQX Market, Lithium X2 Mining is strategically positioned as a key player in advancing lithium exploration.

About Evolution Mining Ltd.

Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly owned mines -- Cowal in New South Wales, Ernest Henry and Mt. Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada -- and an 80-per-cent share in Northparkes in New South Wales.

About Nevada North Lithium LLC

Nevada North Lithium, jointly owned by Lithium X2 Mining (67.5 per cent) and Evolution Mining Ltd. (32.5 per cent), owns the Nevada North lithium project southeast of Jackpot in Nevada, about 74 kilometres north-northeast of Wells, Elko county. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of more than 4,700 metres and a known width of greater than 2,000 metres. The project's updated mineral resource estimate, filed June 30, 2026, reports a pit-constrained measured and indicated resource of 657.5 million tonnes grading 3,007 parts per million (ppm) lithium (Li), containing an estimated 10.5 million tonnes LCE (lithium carbonate equivalent), at a cut-off grade of 1,250 ppm Li.

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