Mr. Jonathan Buick reports

CHAMPION ELECTRIC METALS RECEIVES DRILL PERMIT AND AWARDS DRILL CONTRACT AT ITS LITHIUM PROPERTY IN JAMES BAY, QUEBEC

Champion Electric Metals Inc. has completed its previously announced gravity program on the western portion of the Champion Electric lithium properties in James Bay, Quebec. The geophysical survey is designed to locate the source rock of the lithium-bearing spodumene boulder and thousands of spodumene fragments discovered in initial till sampling at the west end of the property. The data have been received and are being processed.

The company is also pleased to report that it has received the required drill permit and started preparations for the upcoming maiden drill program at the project. The drill contract has been signed and the company is already in the process of flagging the roads for the drill pad locations.

The crews will be mobilized shortly and Champion Electric will provide further updates about the details of the drill program as it progresses.

"We are very excited to be gearing up for our first drill program at the project in James Bay. Our team will utilize the results from our multidisciplinary field work, including mapping, rock sampling, lidar, gravity and till sampling, to guide the drill bit," said Jonathan Buick, president and chief executive officer. "We are watching the growing drilling successes of our neighbour Patriot Battery Metals and previous lithium discovery by our other neighbour to the west Winsome Resources and are eager to start our own drilling efforts, now that we have a better understanding of the subsurface and emerging target at the Project."

As a reminder, the company's lithium properties cover the northern extension of the Lac Guyer greenstone belt which hosts neighbouring Patriot Battery Metals' Corvette and Winsome Resources' Cancet advanced projects in the prolific James Bay region of Quebec.

About Champion Electric Metals Inc.

Champion Electric is a discovery-focused exploration company that is committed to advancing its highly prospective lithium properties in Quebec, Canada, and cobalt properties in Idaho, United States. In addition, the company owns the Baner gold project in Idaho county and the Champagne polymetallic project in Butte county near Arco.

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