Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES SHARE CONSOLIDATION

Battery X Metals Inc. intends to consolidate all of its issued and outstanding common shares on the basis of one for 3.3, with each three and one-third preconsolidated common shares being consolidated into one postconsolidated common share. Management anticipates that the common shares will commence trading on the Canadian Securities Exchange on a postconsolidation basis at market open on Dec. 10, 2024.

In accordance with the company's articles, shareholder approval will not be required for the proposed share consolidation. The proposed share consolidation has been approved by the company's board of directors. Following the share consolidation, the common shares will begin trading on a consolidated basis under the existing company name and trading symbol.

The proposed consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 70,930,153 common shares to approximately 21,493,985 common shares, subject to rounding. No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded down to the next whole common share, and no cash consideration will be paid in respect of fractional shares.

The board of directors of the company believes the consolidation will provide the company with greater flexibility for future corporate activities, enhance the marketability of the common shares as an investment and lead to increased interest by a broader spectrum of potential investors, thereby increasing its ability to secure additional financing for operational and growth initiatives.

The company will be obtaining a new Cusip and ISIN in connection with the consolidation. The new Cusip and ISIN will be disclosed in a subsequent news release. The company anticipates that the CSE will issue a bulletin to dealers advising of the consolidation and effective date of trading on the consolidated basis.

About Battery X Metals Inc.

Battery X is committed to advancing the global 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, through its portfolio company, Librt1, recovering battery-grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery and critical metal resources.

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