Mr. Greg Reimer reports

SURGE INTERSECTS 54.1M (177FT) AT 3,003 PPM OF LITHIUM INCLUDING 15.2M (50FT) AT 3,926 PPM LI FROM SURFACE

Certified assay results from hole NN2305 on Surge Battery Metals Inc.'s Nevada North lithium project (NNLP) confirm high-grade mineralization starting from surface totalling 15.2 metres (m) at 3,926 parts per million (ppm) lithium (Li).

Drill hole NN2305 (drill site location N), which is a 150-metre stepout to the south of NN2201, returned positive results ranging from the 1,000-part-per-million cut-off to 4,850 ppm Li. This includes a horizon starting from surface which returned 15.2 m at 3,926 ppm Li, within a broader interval of 19.1 m at 3,437 ppm Li. These results confirm high-grade lithium clay at surface with no overburden stripping required at this location. Significantly, an overall total of 54.1 m of clay was intersected with an average grade of 3,003 ppm Li.

Composite lithium values for the mineralized horizons, using a 1,000-part-per-million cut-off with no internal dilution, are shown in the attached table.

All samples from the sonic drilling were collected in plastic bags for every 2.5-foot (76.2 centimetres) interval. Surge workers at the rig retained a representative sample in chip trays and core boxes for each interval and sealed the bags with wire ties. Samples were transported by Surge workers to a locked warehouse in Elko, Nev., where they were stored for subsampling. The sample bags were opened at the warehouse, a subsample of approximately 25 per cent of the material was bagged for assay and the original sample bags were overwrapped for storage. Samples were then submitted to the ALS facility in Elko, Nev., for analysis. ALS is independent of the company. The samples batches included 6-per-cent insertion of QA/QC (quality assurance/quality control) samples, including blanks, duplicates and commercially obtained standards. Both duplicates and standards ran within 4 per cent of the known and duplicated values, with the blanks reporting no greater than 20 parts per million lithium.

Surge is also pleased to announce that its chief executive officer, Greg Reimer, will be presenting at Benchmark Week 2023, scheduled to take place from Nov. 14 to 16 in Los Angles, Calif. Benchmark Week has long been recognized as the premier gathering for the global lithium-ion battery supply chain and the wider energy transition participants. This event is the perfect platform for the company to highlight the significance of the NNLP in contributing to the domestic supply and development of battery metals.

Surge has updated its corporate presentation. Visit the company's website to review it.

Mr. Reimer, chief executive officer, and director, commented: "We are very pleased with NN2305 results which has delivered at-surface results of almost 4,000 ppm Li. NNLP continues to produce high-grade lithium intercepts near surface which should result in favourable mining conditions in future economic studies."

Qualified person as defined Under National Instrument 43-101

Alan J. Morris, MSc, CPG of Spring Creek, Nev., a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.

About Surge Battery Metals Inc.

The company is a Canadian-based mineral exploration company active in the exploration for lithium in Nevada whose primary listing is on the TSX Venture Exchange in Canada and the OTCQX Market in the U.S. The company's maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

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