Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES GRANT OF STOCK OPTIONS

Battery X Metals Inc. has granted stock options to certain directors, officers and consultants of the company, effective Dec. 30, 2024, in accordance with its equity incentive plan dated May 7, 2024.

The company has granted a total of 2,755,000 stock options to eligible recipients at an exercise price of 10 cents per share. The stock options vest immediately on the grant date and have a two-year term, expiring on Dec. 30, 2026.

All securities are subject to a statutory hold period of four months and one day from the grant date, in compliance with applicable stock exchange policies.

The stock option grants to Massimo Bellini Bressi, Dallas Pretty, Martino Ciambrelli and Howard Blank are related party transactions, within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The insider stock option grants are exempt from the formal valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101, as the company's common shares are not listed on a specified market, and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101, as the fair market value of the insider stock option grants does not exceed 25 per cent of the company's market capitalization. As the material change report disclosing the insider stock option grants is being filed fewer than 21 days before the transaction, there is a requirement under MI 61-101 to explain why the shorter period was reasonable or necessary in the circumstances. In the view of the company, it is necessary to immediately close the insider stock option grants and, therefore, such shorter period is reasonable and necessary in the circumstances to improve the company's financial position.

About Battery X Metals Inc.

Battery X Metals is committed to advancing the global clean-energy transition through the development of proprietary technologies and domestic battery metal and critical metal resource exploration. The company focuses on extending the lifespan of electric vehicle (EV) batteries, through its portfolio company, LIBRT1, recovering battery-grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery metal and critical metal resources.

We seek Safe Harbor.