Mr. Mark Ireton reports

VICTORY BATTERY METALS CORP. ANNOUNCES CLOSING OF ACQUISITION OF GEORGIA LAKE CLAIMS AND SHARES FOR DEBT TRANSACTION WITH PLATEAU VENTURES LLC

Victory Battery Metals Corp. and an arm's-length creditor have entered into an agreement for payment of indebtedness in the aggregate total of $65,000 through conversion of such debt into common shares of the corporation. Pursuant to the share-for-debt transaction, the corporation will issue an aggregate of one million common shares at a deemed price of 6.5 cents per common share to Plateau Ventures LLC, based on successful drilling achievements. The proposed share-for-debt settlement is subject to the approval of the Canadian Securities Exchange.

The corporation is also pleased to announced that it has closed on an option agreement dated April 11, 2022, with Yeomans Geological Inc., pursuant to which it acquired a 100-per-cent ownership interest in various minerals claims located in the Lake Jean area of Ontario.

The corporation will have the right to purchase one-half of the net smelter return (NSR) royalty (1-per-cent NSR) at any time upon the payment of $1-million. Following the payment of the buydown amount, the royalty is reduced to 1 per cent of the net smelter return. The corporation will have the right to purchase up to an additional one-fourth of the NSR (0.5-per-cent NSR) on the basis of $1-million and in doing so and having paid to Yeomans $2-million will leave Yeomans with the remaining 0.5-per-cent NSR. The corporation will retain a first right of refusal to purchase any remaining NSR owned by Yeomans.

The corporation will pay a total of $250,000 and issue 5,076,923 common shares at a deemed price of 6.5 cents per share, in accordance with the terms of the agreement. The transaction is arm's length and the corporation is not paying any finders' fees in connection therewith.

The common shares issued on both transactions will be subject to a four-month hold period.

About Victory Battery Metals Corp.

Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

We seek Safe Harbor.