Mr. Mark Ireton reports

STINGRAY PROPERTY PHASE ONE WORK PROGRAM TO FOCUS ON GROUND BORDERING TWO AZIMUT EXPLORATION PROPERTIES UNDER "OPTION TO JOINT VENTURE AGREEMENTS" WITH RIO TINTO EXPLORATION CANADA FOR UP TO C$115.7 MILLION1

Victory Battery Metals Corp. has outlined its phase 1 work program for its Stingray array, which will focus on its Lac block and Riviere block, directly to the east and south of Azimut Exploration Inc.'s Kaanaayaa and Corvet lithium properties, for which Rio Tinto Exploration Canada Inc. has just signed "two option to joint venture agreements" with Azimut Exploration.

The company is pleased to announce that its exploration team has outlined a comprehensive work program highlights include:

• Helicopter access for a full team of up to four geologists and four technicians to conduct comprehensive program. In deploying a large team, the program can be conducted with the most efficient and cost-effective use of helicopter support.
• Extensive review of Quebec government lake sediment data is in progress to be followed by the prospecting and till sampling program on the ground.
• Area of interest focuses on Victory's Lac block and Riviere block which are bordered by Azimut's Kaanaayaa and Corvet directly to the east and south.
• It must be noted that the crew and equipment have been selected, however, timing is dependent on the resolution of extensive forest fires in the area.

Work program area of interest

Stingray Lac block:

• 92 claims, 4,730 hectares bordering Azimut's Kaanaayaa property to the east and located approximately five kilometres south of PMET's Corvette lithium property;
• Covers multiple extensions of a prospective metavolcanic unit which parallels the metavolcanic unit hosting PMET's pegmatites. The Lac block surrounds and covers unexplored extension from Infinity Stone Ventures (CSE: GEMS) Hellcat project where they have identified five pegmatites within the greenstones.

Stingray Riviere block:

• 42 claims, 2,159-hectare block directly North of Azimut's Corvet property, located about eight km southwest of PMET's Corvette lithium property;
• Located adjacent to major east-west-trending regional structure and geological contact zone between tonalite/granodiorite and metavolcanic/metasedimentary units.

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, Que., spodumene pegmatite is firmly established as the largest lithium pegmatite mineral resource in the Americas and the eighth-largest globally. A total of 109.2 Mt (million tonnes) at 1.42 per cent Li2O and 160 ppm (parts per million) Ta2O5 inferred, (0.40 per cent Li2O cut-off grade). Based on 163 core holes totalling 56,385 metres.

The technical information contained in this news release has been reviewed and approved by Helgi Sigurgeirson, Victory geologist, 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.

We seek Safe Harbor.