Mr. Greg Reimer reports

SURGE ANNOUNCES IR AGREEMENTS

Surge Battery Metals Inc. has entered into two agreements which, under applicable TSX Venture Exchange policies, are considered to be investor relations or related agreements.

The company has entered into a marketing and investor awareness agreement, dated Feb. 2, 2026, with Freedom Financial Research LLC, an arm's-length service provider, pursuant to which Freedom will provide digital marketing and investor outreach services to increase general awareness of the company and the Nevada North lithium project. The services may include the preparation and distribution of marketing materials through electronic newsletters and other on-line platforms, all of which will be based solely on publicly available information and subject to applicable securities laws and required disclosures. The agreement has a term of approximately 30 days, commencing in February, 2026, and the company has agreed to pay Freedom a fee of $150,000 (U.S.) for the services. Freedom has agreed not to trade in the securities of the company during the term of the agreement. The company does not endorse or approve any third party commentary or conclusions that may be disseminated by Freedom.

The company further announces that it has entered into an amended and extended investor awareness agreement, dated Feb. 2, 2026, with New Era Publishing Inc., an arm's-length service provider, pursuant to which New Era will continue to provide on-line marketing and investor awareness services through its Carbon Credits platform. The amended agreement extends the term of the campaign for a period of approximately three months, from February, 2026, to April, 2026, and the company has agreed to pay a fee of $75,000 (U.S.) for the extension. The services are expected to consist of digital editorial content, advertising placements and other on-line marketing initiatives, all based on publicly available information and subject to applicable securities laws and required disclosures. The company does not endorse or take responsibility for any third party commentary or conclusions disseminated by New Era.

The company has, effective Feb. 5, 2026, granted a total of 881,250 restricted share units and 293,750 performance share units under its equity incentive plan dated effective July 19, 2023, as amended, to certain participants (as that term is defined under the plan).

The vesting provisions of the RSUs are as follows: 50 per cent of the RSUs granted to a participant vest on the first anniversary of the date of grant, and the remaining 50 per cent vest on the second anniversary of the date of grant.

The vesting provisions of the PSUs are as follows: The PSUs granted to a participant vest on the later of: (i) completion of a definitive feasibility study for the project; and (ii) the first anniversary of the date of grant.

No transactions or project milestones that would trigger vesting of the PSUs described above are currently under negotiation, nor has any agreement been reached in respect thereof.

The PSUs and RSUs are subject to the provisions of exchange Policy 4.4, which stipulate, among other things, that vesting of PSUs and RSUs may not occur less than one year from the date of grant.

All unexercised or unvested PSUs and RSUs expire five years from the date of grant. The PSUs and RSUs are subject to early cancellation in certain circumstances, including if a participant ceases to hold office or provide services to the company.

All PSUs and RSUs have an exercise price of one cent per share, and each RSU and PSU is exercisable for the issuance of one common share of the company.

The grant of the PSUs and RSUs remains subject to the approval of the TSX Venture Exchange.

About Surge Battery Metals Inc.

Surge Battery, a Canadian-based 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, United States, a crucial element for powering battery electric storage and electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX market in the United States, Surge Battery is strategically positioned as a key player in advancing lithium exploration.

We seek Safe Harbor.