Mr. Adrian Lamoureux reports

VITAL BATTERY METALS CLOSES FLOW THROUGH PRIVATE PLACEMENT

Vital Battery Metals Inc., further to its news release dated Dec. 19, 2023, has closed a non-brokered private placement for total gross proceeds of $752,850.

The company has allotted and issued 1,673,000 flow-through units at a purchase price of 45 cents per FT unit. Each FT unit consists of one common share, as defined in Subsection 66(15) of the Income Tax Act (Canada) (ITA) as presently constituted, which shall qualify for the federal 30-per-cent critical mineral exploration tax credit, as defined in Subsection 127(9) of the Income Tax Act (Canada), and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 60 cents for a period of 24 months from the closing date.

In relation to the placement, the company has paid finder's fees of $34,987.50 and issued 77,750 finder's warrants to an arm's-length party, entitling the holder to acquire one share at a price of 45 cents per share for a period of 24 months.

The company will use the proceeds from the private placement toward exploration on the company's flagship Sting copper project. All securities issued pursuant to the private placement will be subject to a hold period expiring April 29, 2024.

About Vital Battery Metals Inc.

Vital Battery Metals is a mineral exploration company dedicated to the development of strategic projects comprising battery, base and precious metals in stable jurisdictions. The company is working to advance its Schofield lithium, Dickson Lake lithium, Sting copper project and Vent copper-gold projects.

We seek Safe Harbor.