Mr. Jonathan Buick reports

CHAMPION ELECTRIC METALS DELINEATES A HIGH-PRIORITY GRAVITY PEGMATITE TARGET AT ITS LITHIUM PROPERTY IN JAMES BAY, QUEBEC

Final data from the recently completed gravity survey on Champion Electric Metals Inc.'s Champion Electric lithium property in James Bay, Quebec, have been processed and interpreted.

The most important highlight from the survey is an approximately 1,000-metre-long gravity low with shape and amplitude consistent with other documented greenstone-hosted pegmatite occurrences in the region. The eastern part of the pegmatite target is only approximately 150 m up ice from the spodumene-in-till discovery and extends in a broadly east-west orientation. This new blind pegmatite target is deemed a good contender for the source of the pristine spodumene fragments found in the till sampling survey, making it a top-priority drill target.

The maiden approximately 2,000 m drill program has been designed to test various parts of the new gravity target to ascertain its nature and geometry. Preparations are being finalized and drilling is anticipated to commence later in March. Additional interpreted second-tier gravity anomalies may also be drill tested during this upcoming field program, contingent on initial results.

"The gravity survey delivered what we were hoping for in the location we were hoping for. We now have what looks like a one-plus km long shallowly buried pegmatite immediately up ice from the spodumene fragments and grains discovered in surficial till. This target ticks all our boxes, and we cannot wait to drill it," said Jonathan Buick, president and chief executive officer. "The target is easily accessible just off the Trans-Taiga Road, and we are ready to see the product of our aggressive multidisciplinary exploration and target generation efforts."

About the high-resolution gravity survey

The gravity method is a low-impact technique that measures spatial variations in the Earth's gravitational field caused by contrasts in rock density. The intrusion of a mineralized pegmatite into metamorphosed basalt basement rocks is expected to produce a detectable lower-gravity response even through snow and shallow transported glacial cover. Detailed ground gravity surveying has a proven successful record for lithium-bearing pegmatite exploration in the region.

Ground gravity readings were collected on a 20 m by 80 m grid pattern along the Trans-Taiga Road and covered an area of approximately two square km. The company engaged local geophysical provider Abitibi Geophysics to complete the two-week-long program under the supervision of NewGen Geo, a consultancy specializing in the latest geophysical techniques in pegmatite exploration.

About the project

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.

Corporate update

Champion Electric also announces that its board has approved a grant of options to insiders and consultants of the company totalling 5.5 million shares at 7.5 cents per share, with a five-year expiry term.

Qualified person

Dr. Eric Hebert, PGeo, senior geological consultant, is a member (No. 0842) of the Ordre des Geologues du Quebec (OGQ) and a qualified person within the meaning of National Instrument 43-101, and has reviewed and approved the technical information contained in this press release.

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.

We seek Safe Harbor.