Mr. Mark Ireton reports

VICTORY ANNOUNCES EXTENSION AND REPRICING OF WARRANTS

Victory Battery Metals Corp. has extended the expiry date of an aggregate of 11,160,611 previously issued warrants for an additional two years. All warrants are on a postconsolidated basis.

The warrants were originally issued Nov. 7, 2022, with an original expiry date of Nov. 7, 2024. The 887,222 warrants entitle the holder to purchase a common share of the company at an exercise price of 45 cents.

The warrants were originally issued Feb. 13, 2023, with an original expiry date of Feb. 13, 2025. The 1,866,667 warrants entitle the holder to purchase a common share of the company at an exercise price of 45 cents.

The warrants were originally issued Feb. 16, 2023, with an original expiry date of Feb. 16, 2025. The 1,634,667 warrants entitle the holder to purchase a common share of the company at an exercise price of 36 cents.

The warrants were originally issued Feb. 22, 2023, with an original expiry date of Feb. 22, 2025. The 2,879,834 warrants entitle the holder to purchase a common share of the company at an exercise price of 36 cents.

The warrants were originally issued March 10, 2023, with an original expiry date of March 10, 2025. The 1,596,667 warrants entitle the holder to purchase a common share of the company at an exercise price of 45 cents.

The warrants were originally issued May 26, 2023, with an original expiry date of May 26, 2025. The two million warrants entitle the holder to purchase a common share of the company at an exercise price of 21 cents.

The company is also announcing that above-noted warrants are being repriced to five cents.

Each whole warrant will now entitle the holder to purchase one common share of the company at an exercise price of five cents. The warrants will also contain an acceleration clause, in that if the shares trade at or more than 6.5 cents for a 10-day period, the expiry date shall terminate upon 30 days notice.

The extension and repricing are subject to approval of the Canadian Securities Exchange.

About Victory Battery Metals Corp.

Victory is a publicly traded diversified investment corporation with mineral interests in North America.