Mr. Massimo Bellini Bressi reports

BatTERY X METALS ANNOUNCES ENGAGEMENT OF CORPORATE AWARENESS PROVIDER & MARKET MAKER

Battery X Metals Inc. has entered into an agreement with Sidis Holdings Ltd. dated Aug. 13, 2024, whereby Sidis has agreed to provide certain corporate marketing services in an effort to increase public awareness of the company and its services and securities, and an agreement with Venture Liquidity Providers Inc. dated Aug. 13, 2024, whereby VLP has agreed to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.

Sidis agreement

Pursuant to the Sidis agreement, the company has engaged Sidis for the purposes of obtaining corporate communications services such as digital media consulting and wholesale ad digital placements. These services include, but are not limited to, digital media campaigns for branding, media consulting, multimedia services and project management. For its services, the company has agreed to pay Sidis a fee of $250,000, $150,000 of which was payable upon entry into the agreement and the rest payable in agreed instalments. No stock options are being granted to Sidis under the terms of the engagement. The Sidis agreement is effective for a three-month period starting on Aug. 13, 2024. Either party has the right to terminate the agreement at any time, with or without cause, by providing the other party with 30 days written notice. The company and Sidis act at arm's length.

The promotional activities will take place across multiple platforms, including landing pages, native advertising, pay-per-click campaigns and targeted article writing.

Sidis, based in Hong Kong, is a company providing corporate communications services such as digital media consulting, wholesale ad digital placements. Sidis's principals are James Walker, Karl Marek and Frances Barker. Mr. Walker, Mr. Marek and Mr. Barker act at arm's length to the company, and to the knowledge of the company, at the time of entering into the Sidis agreement, the principals of Sidis, directly and indirectly, hold 1,164,000 common shares of the company.

VLP agreement

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the CSE and applicable laws. For its services, the company has agreed to pay VLP $5,000 per month, commencing on Aug. 1, 2024. No stock options are being granted to VLP under the terms of the engagement. The VLP agreement has an initial term of 12 months, following which the agreement will renew for successive one-month terms, provided that after the initial three-month term, the agreement may be terminated by either party at any time. The company and VLP act at arm's length, and VLP has no interest, directly or indirectly, in the company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto, providing a variety of services focused on Canadian Securities Exchange-listed issuers. VLP's principal is J.C. Cunningham. The company and Mr. Cunningham act at arm's length, and to the knowledge of the company, at the time of entering into the VLP agreement, Mr. Cunningham had no interest in the company or its securities.

About Battery X Metals Inc.

Battery X 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 batteries, recovering battery-grade metals from end-of-life lithium-ion batteries, and exploring domestic battery and critical metal resources.

The company's portfolio company, Lithium-ion Battery Renewable Technologies Inc., is developing proprietary technology to test and extend electric vehicle 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 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 one of Canada's leading research institutes, 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, the technologies utilize an ecofriendly 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 potential for lithium-cesium-tantalum pegmatites. Additionally, Battery X owns 100 per cent of the Nunavik, Quebec, Leaf River project, encompassing 83 claims over an area of approximately 3,500 hectares, and Abitibi, Quebec, 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 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 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 the Churin town, the Mallay mine is part of Premier Silver's extensive 10,562.4-hectare Tres Cerros gold-silver project. This diversification enhances Battery X's 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 is positioned to be an emerging leader in lithium-ion-battery technologies, as well as battery and critical metal exploration.

We seek Safe Harbor.