Mr. James Nelson reports

CRUZ ANNOUNCES $225,000 LISTED ISSUER FINANCING EXEMPTION (LIFE) PRIVATE PLACEMENT

Cruz Battery Metals Corp. has arranged a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6.25 million units at a price of 3.6 cents per unit. Each unit will comprise one common share of the company and one share purchase warrant to purchase one common share of the company at a price of five cents for a period of 60 months from the closing date.

The offering is expected to close on or about June 10, 2024, or such other date and is subject to certain conditions, including, but not limited to, the receipt of all necessary Canadian Securities Exchange, regulatory and other approvals.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units will be offered for sale to purchasers resident in Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the securities issued to Canadian resident subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Cruz Battery Metals Corp.

Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 8,135-acre Solar lithium project and the 240-acre Clayton Valley lithium project. Cruz's 6,146-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ont., which is prospective for cobalt, silver and diamonds. Cruz's Idaho projects include the 2,211-acre Idaho cobalt belt project and the 80-acre Idaho Star cobalt project. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the company's properties.