Mr. Mark Ireton reports

RIO TINTO EXPLORATION CANADA AND AZIMUT EXPLORATION SIGN TWO "OPTION TO JOINT VENTURE AGREEMENTS" FOR UP TO C$115.7 MILLION1 FOR PROPERTIES BORDERING VICTORY'S STINGRAY LAC AND RIVIERE BLOCKS

Victory Battery Metals Corp. has shared that Rio Tinto Exploration Canada Inc. has just signed two option to joint venture agreements with Azimut Exploration Inc. for Azimut's Kaanaayaa and Corvet lithium properties, situated directly to the east and south of Victory's Lac block and Riviere block, for up to $115.7-million.

Victory CEO and Director, Mr. Mark Ireton commented: "The Rio Tinto Exploration / Azimut Exploration options to joint venture represent a significant advance in the direct area of Victory's Stingray claims. Our exploration team is finalizing a comprehensive phase one work program for Stingray, the details for which we will be able to announce in short order. We are highly encouraged by Patriot Battery Metals announcement of the largest Lithium Pegmatite Resource in the Americas on 30 July 2023 for its Corvette Property, directly to the north of Victory's Stingray array of properties - and pleased that Canada, in particular Quebec, is being recognized globally as a major player in the EV revolution, specifically in this prolific area in which we have substantial and well-placed ground."

About the James Bay Lithium District

The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been deformed by various orogens over time and contains gold, lithium, copper, zinc, and silver mineralization.

CV5, Corvette Property, James Bay, Quebec, Spodumene Pegmatite is firmly established as the largest lithium pegmatite mineral resource in the Americas and the 8th largest globally. 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred, (0.40% Li2O cut-off grade). Based on 163 core holes totalling 56,385 m.2

The technical information contained in this news release has been reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, who is a Qualified Person as defined under National Instrument 43-101.

About Victory Battery Metals Corp.

VICTORY BATTERY METALS CORP. (CSE: VR) 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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