Mr. Greg Reimer reports

SURGE ANNOUNCES START OF 2026/27 DRILL PROGRAM AT NEVADA NORTH LITHIUM PROJECT IN SUPPORT OF THE BANKABLE FEASIBILITY STUDY (BFS)

Drilling has begun on the 2026/2027 drill program at Surge Battery Metals Inc.'s Nevada North lithium project (NNLP or the project). The project is owned by Nevada North Lithium LLC (NNL), the joint venture formed by Surge and Evolution Mining Ltd.

Crews were mobilized and drilling has started after NNL received approval from the U.S. Bureau of Land Management (BLM) for the program under the project's 2025 exploration plan of operations permit. As announced (see news release dated Aug. 19, 2026), NNL submitted the 2026/2027 program to the BLM and issued a request for proposals to drilling contractors. Drilling is expected to continue through this fall and into the 2027 drill season.

The program will continue to define and upgrade the mineral resource while providing the data needed for the next stage of development, the bankable feasibility study (BFS). The project's updated mineral resource estimate, filed June 30, 2026, reports a pit-constrained measured and indicated resource of 657.5 Mt (million tonnes) grading 3,007 ppm (parts per million) Li (lithium) containing 10.5 Mt of lithium carbonate equivalent (LCE) at a cut-off grade of 1,250 ppm Li.

2026/2027 drill program overview

The program uses diamond core, sonic and reverse circulation (RC) drilling, with the method for each hole matching its engineering purpose:

• Condemnation and pit definition drilling: Up to 25 core holes totalling approximately 15,000 feet and up to 20 sonic holes totalling approximately 5,000 feet will test areas planned for waste rock storage, plant infrastructure, and access and haul road corridors. The drilling will also refine the ultimate pit boundary for mine plan optimization.
• Reverse circulation drilling: An allowance of up to 10 RC holes, approximately 5,000 feet total, drawn from the core and sonic drill plan, for rapid confirmation drilling and VWP installation.
• Water supply and hydrogeological testing: Two aquifer test wells, each twinned with a vibrating wire piezometer (VWP) monitoring hole, will be drilled and tested to characterize the aquifer system. A separate water supply well will support field operations and will also be twinned with a VWP to monitor aquifer response during pumping.
• Geotechnical data collection: Core will be logged, sampled and tested for geotechnical characterization to support pit slope, foundation and infrastructure design where applicable for the various surface facilities.
• Metallurgical sampling and pilot program support: Representative bulk tonnage material will be collected for metallurgical testwork and flow sheet optimization ahead of a planned pilot program to precede the BFS.

Greg Reimer, president, chief executive officer and a director of Surge, commented: "With BLM approval in hand and rigs turning, we are now collecting the data our engineers need to design the mine plan. With the prefeasibility study nearing completion, this program is designed to align with critical and necessary elements to fast track the BFS."

Qualified person as defined under National Instrument 43-101

Alan J. Morris, MSc, CPG of Spring Creek, Nev., geological adviser to the company, and 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 Metals, a 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 and a listing on the OTCQX Market, Surge Battery Metals is strategically positioned as a key player in advancing lithium exploration.

About Evolution Mining Ltd.

Evolution Mining is a leading, globally relevant gold miner. Evolution operates six mines, comprising five wholly-owned mines -- Cowal in New South Wales, Ernest Henry and Mt. Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, and an 80-per-cent share in Northparkes in New South Wales.

About Nevada North Lithium LLC

Nevada North Lithium, jointly owned by Surge Battery Metals (67.5 per cent) and Evolution Mining (32.5 per cent), owns the Nevada North lithium project southeast of Jackpot, Nev., about 73 kilometres north-northeast of Wells, Elko county. The first four rounds of drilling at the project identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of more than 4,700 metres and a known width of greater than 2,000 metres. The project's updated mineral resource estimate, filed June 30, 2026, reports a pit-constrained measured and indicated resource of 657.5 Mt grading 3,007 ppm Li, containing an estimated 10.5 Mt of lithium carbonate equivalent (LCE), at a cut-off grade of 1,250 ppm Li.

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