Mr. Mark Brezer reports

BATTERY X METALS ANNOUNCES RESULTS OF 2023 ANNUAL GENERAL MEETING AND 2024 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Battery X Metals Inc. has released the results of its 2023 annual general meeting of shareholders and the 2024 annual general and special meeting of shareholders, held on Tuesday, June 25, 2024. All matters presented to the shareholders for approval as set out in the company's notices of meeting and information circular.

The shareholders of the company approved the setting of the number of directors at three, and elected Mark Brezer, Matthew Markin and Barry Wattenberg as directors of the company for the ensuing year.

The shareholders of the company reappointed Manning Elliott LLP, chartered professional accountants, as the company's auditor for the ensuing year, and authorized the board of directors to fix the remuneration to be paid to the auditor.

In addition, the shareholders of the company approved the company's new equity incentive plan.

Following the meeting, the board of directors appointed the following officers of the company: Mark Brezer as president, chief executive officer and chairman, and Matthew Markin as chief financial officer.

The board of directors and management of the company wish to thank the shareholders for their continued support of the company.

About Battery X Metals Inc.

Battery X Metals is dedicated to advancing North America's clean energy transition through the development of proprietary technologies and domestic battery and critical metal resource exploration. The company focuses on extending the lifespan of electric vehicle (EV) batteries, recovering battery grade metals from end-of-life lithium-ion batteries, and exploring domestic battery and critical metals resources.

The company's portfolio company, Lithium-ion Battery Renewable Technologies Inc. (LIBRT), is developing proprietary technology to test and extend electric vehicle (EV) battery lifespan by addressing battery degradation through cell rebalancing. LIBRT is also developing battery health diagnostic equipment for EV batteries and LIBRT holds the exclusive licence for BatteryMap AI in North America, an AI (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 (UBC), 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 eco-friendly proprietary froth flotation separation process.

The company's 100-per-cent-owned Y lithium project, located in Northern Saskatchewan near Bailey Lake, comprises four mineral claims across two blocks and spans 5,855 hectares (14,470 acres) and holds significant potential for lithium-cesium-tantalum (LCT) pegmatites. Additionally, Battery X Metals owns 100 per cent of the Nunavik, Que., Leaf River project, encompassing 83 claims over an area of approximately 3,500 hectares, and the Abitibi, Que., Reservoir-Dozios project, encompassing 52 claims over an area of approximately 3,500 hectares. Each project is in close proximity to key mining projects and within an area of successful lithium exploration. The Nunavik property is contiguous to the Eureka Lithium's New Leaf project and the Abitibi project is located near Sayona Mining Ltd.'s Abitibi lithium hub. Both aforementioned companies report large, mineralized structures and pegmatite formations within the regions.

In addition to its lithium exploration ventures, Battery X Metals also holds the Belanger property, which is National Instrument 43-101 compliant. The property comprises 105 claims over an area of approximately 2,100 hectares and is located in one of Canada's most prolific gold mining districts, Red Lake, Ont. It is strategically situated near Kinross Gold's Sobel and Great Bear properties. Battery X Metals also holds an equity stake in Premier Silver Corp., which acquired the Mallay mine and processing plant in Peru from Buenaventura, a prominent mining company listed on the New York Stock Exchange. Conveniently located near Lima and Churin town, the Mallay mine is part of Premier Silver's extensive 10,562.4-hectare Tres Cerros Au-Ag (gold-silver) project. This diversification enhances Battery X Metals' investment portfolio, offering potential opportunities in the precious metals sector.

With a dedicated management team, focused on maximizing shareholder value and commitment to sustainability, Battery X Metals is positioned to be an emerging leader in lithium-ion battery technologies, as well as battery and critical metal exploration.