Mr. Richard Pearce reports

SOUTH STAR TO HOST LIVE CORPORATE UPDATE WEBINAR ON DECEMBER 14TH AT 2PM ET

South Star Battery Metals Corp.'s chief executive officer and director, Richard Pearce, will provide important updates on South Star's Santa Cruz and BamaStar projects, a review of recent 2023 achievements, as well as an outlook for 2024.

Date: Thursday, Dec. 14, 2023

Time: 2 p.m. ET

Agenda:

• Department of Defense award announcement for BamaStar;
• Potential impacts of China's Oct. licensing requirements on graphite exports;
• Next steps for BamaStar preliminary economic assessment and feasibility study;
• Santa Cruz construction and production update.

Have questions? There will be an allotted time following the live presentation for a question-and-answer session. Unaddressed questions will be reviewed by management and responded to accordingly. You may submit your question(s) beforehand in the registration form or by e-mail at southstar@rbmilestone.com.

About South Star Battery Metals Corp.

South Star is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz graphite project, located in southern Bahia, Brazil, is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot plant testing (greater than 30 tonnes) has been completed. The results of the testing show that approximately 65 per cent of graphitic carbon concentrate is plus-80 mesh with good recoveries and 95 per cent to 99 per cent Cg. With excellent infrastructure and logistics, South Star is fully financed for phase 1, and the 12-month construction and commissioning are under way. Santa Cruz will be the first new graphite production in the Americas since 1996 with phase 1 commercial production projected in January, 2024. Phase 2 production (25,000 tonnes per annum) is partially financed and planned for 2026, while phase 3 (50,000 tpa) is scheduled for 2028.

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