Mr. Mark Ireton reports

VICTORY PROVIDES UPDATE ON PRIVATE PLACEMENTS

Victory Battery Metals Corp. will no longer be proceeding with the private placement financing of up to eight million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $400,000 pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions (LIFE) as previously announced on Jan. 19, 2024.

"We have determined that it is appropriate to cancel the LIFE offering at this time, and we expect to provide an update on Victory's strategic initiatives in the near future," stated Mark Ireton, the company's president.

The company is pleased to announce it is undertaking a private placement financing of up to 10 million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $500,000.

Under the offering, each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of 6.5 cents per common share for a period of three years following the closing date of the offering (subject to accelerated expiry as described herein: If, at any time, the closing price of the company's common shares is greater than 20 cents per common share for 10 consecutive days, including days where there is no trading, the company may provide written notice to the holders that the expiry of the warrants shall be accelerated to a date that is not less than 30 days from the date of the warrant acceleration notice).

In connection with the offering, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange (CSE) and applicable securities laws. The common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period.

The company intends to use the net proceeds of the offering for working capital requirements and other general corporate purposes.

About Victory Battery Metals Corp.

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

We seek Safe Harbor.