Mr. Gurminder Sangha reports

FE BATTERY METALS CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

FE Battery Metals Corp. has closed the first tranche of the non-brokered private placement previously announced on Oct. 11, 2024, for gross proceeds of up to $1-million. As part of the closing of the first tranche, the company will issue 8.75 million flow-through common shares at a price of eight cents per share for gross proceeds of $700,000 and will pay 6 per cent in finders' fees of $42,000.

The final closing of the private placement is subject to obtaining all required approvals, including from the approval of the Canadian Securities Exchange, and any other regulatory approval. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.

The proceeds from the private placement will be used for general working capital and to further exploration efforts on its properties located in Quebec.