Mr. Mark Brezer reports

BATTERY X METALS ANNOUNCES ISSUANCE OF REMAINING SHARES PURSUANT TO PRIOR SHARE EXCHANGE AGREEMENT

Further to the news release dated March 23, 2023, Battery X Metals Inc. has issued the remaining three tranches of shares, totalling 4,999,998 shares, pursuant to the previously entered into share exchange agreement between the company and 1379596 B.C. Ltd. Of the 4,999,998 shares issued, 3,333,332 shares are not subject to any restricted period, while 1,666,666 shares are restricted until July 23, 2024.

About Battery X Metals Inc.

Battery X is dedicated to advancing the clean energy transition through the development of proprietary lithium-ion battery technologies and exploring domestic battery and critical metal resources. The company and its portfolio companies focus on testing and extending electric vehicle battery lifespan, recovering valuable battery metals from end-of-life lithium-ion batteries, and exploring domestic battery and critical metal resources.

Battery X owns 49 per cent of Lithium-ion Battery Renewable Technologies Inc., which develops technology to improve EV battery longevity and health diagnostics. LIBRT holds the exclusive North American licence for BatteryMap AI, an artificial intelligence model with a comprehensive patent portfolio for precise battery monitoring and prediction, extensively trained on vast amounts of real-world data.

The company's wholly owned subsidiary, Battery X Recycling Technologies Inc., in collaboration with the University of British Columbia, pioneers advanced EV battery metal recovery technologies with a focus on recovering battery-grade metals, including lithium, nickel, cobalt, manganese, copper and graphite, from the residual material of shredded lithium-ion batteries known as black mass, utilizing an ecofriendly proprietary froth flotation separation process.

Battery X's Y lithium project in Northern Saskatchewan spans 5,855 hectares and shows significant potential for lithium-cesium-tantalum pegmatites. The company also owns the Nunavik, Quebec, Leaf River project and the Abitibi, Quebec, Reservoir-Dozios project, each covering approximately 3,500 hectares and located near key lithium exploration sites. Additionally, Battery X holds the Belanger property, located in one of Canada's most prolific gold mining districts, Red Lake, Ont. Battery X also holds an equity stake in Premier Silver Corp., which owns the Mallay mine and processing plant in Peru. This diversification enhances Battery X's portfolio, offering opportunities in both battery and precious metal sectors.