Mr. Greg Reimer reports

SURGE ANNOUNCES AGREEMENT FOR LONG-TERM LAND ACCESS AND WITHDRAWAL OF WATER APPLICATION PROTEST AT NEVADA NORTH

Nevada North Lithium LLC, the joint venture formed by Surge Battery Metals Inc. and Evolution Mining Ltd., has executed an arm's-length definitive access and mitigation agreement, dated Sept. 8, 2026, with the Salmon River Cattlemens Association Inc., securing surface and water access for the Nevada North lithium project.

SRCA is a Nevada ranching corporation that owns approximately 880 acres of private land lying within NNL's mining claims and that holds Bureau of Land Management grazing permits and water rights in the project area. Under the agreement, SRCA grants NNL a non-exclusive right of access over those lands to explore, develop, mine, process, and construct and operate roads, utilities, water infrastructure and related facilities. The grant runs for a single continuous term covering exploration and permitting, construction, production, closure, and reclamation.

The agreement also resolves the parties' outstanding differences before the Nevada Division of Water Resources. SRCA has agreed to withdraw the protests it filed against NNL's applications to appropriate water in support of the project.

In exchange, NNL has committed to a monitoring, mitigation and management framework designed to protect SRCA's existing water rights and maintain stockwater availability for its cattle operations. The framework includes an independent premining baseline study of water quantity and quality, forage condition, and grazing capacity; a joint co-ordination committee with equal representation from each party; a monitoring protocol with defined mitigation triggers; and an obligation on NNL to replace or restore any water supply that project activities are determined to have materially impaired, at quantity and quality at least equal to baseline conditions. NNL will also post a performance bond securing its mitigation and infrastructure obligations, in addition to any bonding required by regulators.

Greg Reimer, chief executive officer and director of the company, commented: "Long-term surface access and a clear path through water permitting are foundational to any project, and this agreement delivers both. I would like to thank the SRCA board of directors for all their time and effort in coming to this agreement. We have committed to measure conditions before we develop the project, to monitor them together and to fix what we affect. That is the standard we intend to hold ourselves to for the life of this project."

Surge is advancing the project toward a prefeasibility study targeted for the fourth quarter of 2026, supported by the 2026 drill program that NNL submitted to the BLM in August, 2026. The development plan for the project currently contemplates an open-pit lithium operation with an estimated mine life of approximately 42 years.

A copy of the agreement will be filed under the company's profile on SEDAR+. This news release is qualified entirely by the full text of the agreement.

The company is also granting a total of two million stock options, exercisable for a period of five years, at an exercise price of $1.02 a share to certain directors, officers and consultants.

Qualified person

Alan J. Morris, MSc, CPG, of Spring Creek, Nev., geological adviser to the company, 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.

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 a listing on the OTCQX market in the United States, Surge Battery is strategically positioned as a key player in advancing lithium exploration.

We seek Safe Harbor.