Mr. Richard Pearce reports

SOUTH STAR BATTERY METALS ANNOUNCES OPTION GRANTS AND RSU GRANTS

South Star Battery Metals Corp. has granted stock options pursuant to its 2022 10-per-cent rolling stock option plan to a director and a consultant of the company to purchase up to an aggregate of 208,000 common shares of the company. The stock options are exercisable at 74 cents per share and expire five years from the date of grant.

The company further announces that it has granted an aggregate of 334,053 restricted share units (the RSUs) to a director and an officer pursuant to the company's 2022 10-per-cent fixed restricted share unit plan at a deemed value of 74 cents. One hundred per cent of the RSUs will vest on Jan. 5, 2025.

The grant of the options and RSUs are subject to TSX Venture Exchange acceptance.

About South Star Battery Metals Corp.

South Star Battery Metals 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 tonne) has been completed. The results of the testing show that approximately 65 per cent of Cg (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 underway. 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.

We seek Safe Harbor.