Mr. James Nelson reports

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

Cruz Battery Metals Corp. has closed a non-brokered listed issuer financing exemption (LIFE) private placement of 6.25 million units at a price of 3.6 cents per unit. Each unit consists of 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 company intends to use the net proceeds of the offering for the company's general working capital and evaluation and work on the existing projects.

Jim Nelson, president of Cruz Battery Metals, stated, "Cruz is now in a position to refocus on building shareholder value and we look forward to a much more active second half of 2024."

The units sold under the offering were issued and sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. A copy of the offering document under the listed issuer financing exemption dated May 30, 2024, is available under the company's profile on SEDAR+ and on the company's website. All units issued pursuant to the listed issuer financing exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

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 in Ontario, 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.