Mr. Mark Ireton reports

VICTORY EXPANDING ITS SMOKEY LITHIUM PROPERTY BY 100 CLAIMS UPON ANALYSIS OF PRELIMINARY RESULTS OF ITS RECENTLY COMPLETED DRILL PROGRAM

Victory Battery Metals Corp. initiated expansion plans for its Smokey lithium, Nevada, property upon preliminary analysis of sequentially delivered drill program data, and its exploration team continues to analyze the overall drill program findings.

• Victory's exploration team finalizes expansion of Smokey lithium to fortify its interests upon preliminary analysis of its recently completed drill program.
• The additional Smokey lithium staked ground will expand the property by 100 claims, totalling 2,066 acres.
• The decision was made to stake lode claims for this new ground, providing the company with additional acres for grassroots exploration in an area where recent drilling has discovered a thick sequence of claystone from surface to a depth of over 500 feet in the recently completed drilling.

"Smokey lithium is in a prolific lithium region that is highly competitive and we have acted prudently at this time to respond to preliminary analysis of the recently completed drill program, as sequential information was delivered from the lab, to expand the Smokey lithium property with 100 new lode claims, which will increase the property by 2,066 acres to a total 5,691 acres," said Victory president and chief executive officer Mark Ireton.

The company continues to analyze its overall results from all exploration activities, including its most recent drill results combined with 2022 drilling, field mapping, surface sampling and Tromino passive seismic studies, to develop the most complete picture for continuing exploration plans at Smokey lithium. The project area and surrounding lands show strong lithium mineralization with the Esmeralda formation at surface. When combined with the highly encouraging results from Victory's first round drilling (completed in 2022) the project area is highly prospective.

About Smokey lithium, Nevada

Victory's Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium's flagship lithium project. Smokey Lithium is located northwest of Cypress's Clayton Valley lithium project and to the southwest of American Lithium Corp.'s Tonopah lithium claims property in southwest Nevada. Esmeralda county, Nevada, is a prolific region for lithium clay deposits (Noram, Cypress, American Lithium, Spearmint, Enertopia and Jindalee).

The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a qualified person as defined under National Instrument 43-101.

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.

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