Mr. Massimo Bressi reports

BATTERY X METALS ANNOUNCES ENGAGEMENT OF GEOLOGICAL FIRM AND WARRANT UPDATE

Battery X Metals Inc. has engaged an arm's-length geological consulting firm to conduct property evaluations and preliminary work programs for the company's core battery and critical mineral exploration projects. The scope of the engagement includes an assessment of claim status and annual costs, a geological overview of the properties, a review of historical work completed (based on company-provided data), and recommendations for 2025 field programs to advance strategic exploration initiatives.

Further to the company's news release dated Jan. 6, 2025, which highlighted exploration results at its flagship Belanger gold-copper project in Red Lake, Ont., located in one of Canada's most prolific gold mining districts, Battery X remains focused on unlocking the full potential of its exploration portfolio.

The engagement of the geological firm underscores the company's commitment to advancing its core battery and critical mineral exploration projects, which include:

• Belanger project (Red Lake, Ont.): a gold-copper project located in one of Canada's most prolific gold mining districts;
• Leaf River project (Nunavik, Que.): a lithium project adjacent to Eureka Lithium's New Leaf project;
• Reservoir-Dozois project (Abitibi, Que.): a lithium project situated near Sayona Mining's Abitibi lithium hub;
• Y lithium project (Bailey Lake, Sask.): a prospective lithium project.

Battery X strives to maximize the value of its battery and critical mineral exploration projects, while remaining mindful of market conditions, financial resources and practical business considerations.

Warrant update

The company also announces the acceleration of the expiry date of its outstanding common share purchase warrants issued on Jan. 24, 2024, Feb. 9, 2024, July 29, 2026, and Sept. 3, 2026.

On Jan. 22, 2025, the price of the company's common shares on the Canadian Securities Exchange closed at 37 cents, after closing at or above 31 cents for a period of 10 consecutive trading days. In accordance with the certificates representing the repriced warrants and the policies of the CSE, this triggers the company's obligation to accelerate the expiry date of the repriced warrants held by shareholders who participated in the private placements detailed in the company's news releases dated Jan. 23, 2024, Feb. 8, 2024, July 29, 2024, and Sept. 3, 2024. For more information on the repriced warrants, please see the company's news release dated Jan. 7, 2025.

Following the exercise of 180,000 repriced warrants on Jan. 23, 2025, 3,374,993 repriced warrants remain outstanding as of Jan. 24, 2025.

The exercise period of the repriced warrants has been accelerated to 30 days and commences 10 days from the trading period. Accordingly, the new expiry date of the repriced warrants is March 2, 2025. Any repriced warrants that are unexercised will expire and be cancelled after 5 p.m. Vancouver time on March 2, 2025.

Warrantholders are encouraged to exercise their repriced warrants prior to the new expiry date. For additional information or assistance, warrantholders are advised to contact the company directly.

About Battery X Metals Inc.

Battery X is an energy transition resource exploration and technology company dedicated to advancing domestic battery and critical metal resource exploration while developing proprietary technologies. The company focuses on exploring battery metals, recycling battery materials and extending the lifespan of lithium ion and electric vehicle batteries through its portfolio company, LIBRT1.

We seek Safe Harbor.