Mr. Greg Reimer reports

SURGE CLOSES WILKINS FAMILY AND Y3-II AGREEMENTS

On Oct. 3, 2023, Surge Battery Metals Inc. entered into two mineral property purchase agreements to purchase a total 25 per cent of the mineral rights to private lands comprising approximately 880 acres, which private lands are located within the general boundaries of the company's Nevada North lithium project (NNLP). The company's news release dated Oct. 3, 2023, contained additional details, including a map, of the private lands and their location.

The first agreement, dated effective Sept. 14, 2023, and later amended (the Wilkins family agreement) called for the company to acquire a 21.25-per-cent interest in the mineral rights underlying the private lands (the Wilkins interest). Details of the Wilkins family agreement can be found in the company's news release dated Oct. 3, 2023.

The closing of the acquisition of the Wilkins interest has now occurred with payment to the Wilkins family of $50,000 (U.S.) and issuance of a total of 1.25 million shares of the company's common stock. The Wilkins shares are subject to an exchange hold period and cannot be traded before April 1, 2024.

The second agreement, dated effective Sept. 15, 2023 (the Y3-II agreement), is also described in the Oct. 3, 2023, news release. The Y3-II agreement provided for the purchase of an additional 3.75-per-cent interest in the mineral rights and has now also closed with the issuance of a total of 300,000 shares of the company's common stock. The Y3-II shares are subject to an exchange hold period and cannot be traded before April 6, 2024.

With the closing of the Wilkins family agreement and the Y3-II agreement, the company now has acquired control of a total 25-per-cent interest in the private lands inside the Nevada North lithium project.

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 United States. The company's maintains a focus on exploration for high-value battery metals required for the electric vehicle (EV) market.

About the Nevada North lithium project

The Company owns the Nevada North lithium project, located in the Granite Range southeast of Jackpot, Nev., about 73 kilometres north-northeast of Wells, Elko county, Nevada. The first round of drilling, completed in October, 2022, identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of almost 1,620 metres. Widths of the mineralized horizons are at least 400 metres, supported by highly anomalous soil values indicating potential for the clay horizons to be much greater in extent. The potential for a significant lithium deposit can be illustrated by the average lithium content within all near-surface clay zones intersected in 2022 drilling, applying a 1,000-part-per-million cut-off, which was 3,254 parts per million.

The 2023 drill program is designed to expand the known lithium-rich clay from the current 1,620-metre strike length to more than 3,500 metres and the known width of the mineralization to 950 metres from the previously drill-indicated 400 metres. The program is now completed, and the company is awaiting assay results. Initial assay results from the first hole of the 2023 season had a high of 8,070 parts per million lithium with an average of 4,067 parts per million lithium at a 1,000-part-per-million cut-off (see news release dated Sept. 12, 2023).

We seek Safe Harbor.