Mr. Massimo Bressi reports

BATTERY X METALS APPOINTS MASSIMO BELLINI BRESSI AS CEO AND DIRECTOR

Battery X Metals Inc. has appointed Massimo Bellini Bressi as chief executive officer and director, effective Aug. 6, 2024. He will succeed Mark Brezer, who has resigned as the company's chief executive officer and president but will continue to serve on the board of directors, offering strategic guidance. The company expresses its gratitude to Mr. Brezer for his dedicated service.

Mr. Bressi earned his corporate law degree from Universita Degli Studi in Milan, Italy. For over 15 years, Mr. Bressi worked with numerous local and international companies on strategic development and corporate legal affairs across various sectors. After relocating to Canada, Mr. Bressi completed his MBA in Vancouver, B.C., and embarked on a new professional journey, supporting private and publicly traded companies in growth and revenue enhancement. His extensive experience spans retail, consumer packaged goods, recycling and green economy, global business consulting, and technology. Mr. Bressi's specializes in strategic business development, mergers and acquisitions, corporate legal affairs, marketing and branding, identifying new commercial opportunities, and executing strategies to achieve tangible results.

"I am excited to join Battery X Metals as CEO and director," said Mr. Bressi, chief executive officer of Battery X Metals. "I look forward to working with the team to drive strategic growth and innovation in the battery metals industry. Together, we will continue to build on the company's strong foundation and pursue new opportunities to enhance value for our shareholders."

The company also announces the resignation of Barry Wattenberg as a director of the company, effective Aug. 6, 2024. The company extends its appreciation to Mr. Wattenberg for his valuable contributions and dedicated service.

About Battery X Metals Inc.

Battery X Metals is dedicated to advancing North America's clean energy transition by pioneering proprietary technologies to diagnose and extend electric vehicle (EV) battery life, recover battery-grade metals from end-of-life lithium-ion batteries, and exploring domestic battery metal resources.

The company's portfolio company, Li-ion Battery Renewable Technologies Inc. (LIBRT) is a development-stage technology company, at the forefront of the electric vehicle (EV) industry, implementing proprietary technologies to assess the health and extend the lifespan of lithium-ion batteries. LIBRT's proprietary hardware and software, which are already proved and implemented outside of North America, diagnose and reverse battery degeneration by rebalancing cells within the battery pack, thereby contributing to the sustainability of electric transportation and contributing to a more cost-effective and environmentally friendly EV ownership experience, mitigating EV owners' requirement to replace their batteries. Additionally, LIBRT holds the exclusive North American licence to an AI-driven (artificial intelligence) preventative maintenance platform boasting a portfolio of patents, trained on vast amounts of real-world data. These data enable LIBRT's AI model to predict emerging trends for use in secondary battery energy storage systems (BESS), AI and big data. Future plans include further development of the AI model and leveraging BatteryMap in EV battery services, further enhancing their performance and safety.

The company's wholly owned subsidiary, Battery X Recycling Technologies Inc., in partnership with one of Canada's leading research universities, is pioneering advanced lithium-ion battery metal recovery technologies to contribute to a circular economy addressing potential shortages of critical metals in the battery supply chain; with a focus on recovering battery-grade metals such as lithium, nickel, cobalt, manganese, copper and graphite from the residual material of shredded lithium-ion batteries known as black mass, a highly sought-after material. The primary objective is to optimize black mass recovery using a proprietary ecofriendly froth flotation separation process, which stands apart from the traditional hydrometallurgical and pyrometallurgical processes. Froth flotation is an effective separation technique that allows for the recovery of battery-grade metals, retaining them in their oxide form.

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 potential for lithium/cesium/tantalum (LCT) pegmatites. Additionally, Battery X Metals owns 100 per cent of the Leaf River project (in Nunavik, Quebec), encompassing 83 claims over an area of approximately 3,500 hectares, and the Reservoir-Dozios project (in Abitibi, Quebec), 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 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. 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, the Mallay mine is part of Premier Silver's extensive 10,562.4-hectare Tres Cerros gold-silver project. This diversification enhances Battery X Metals' investment portfolio, offering potential opportunities in the precious metal 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.

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