Mr. Adrian Lamoureux reports

VITAL BATTERY METALS ANNOUNCES THE COMPLETION OF IP SURVEY AT THE COMPANY'S STING COPPER PROJECT

Vital Battery Metals Inc. has completed its planned 13.5-line-kilometre induced polarization survey at the company's Sting copper project, located in western Newfoundland. The results of this 3-D survey, which identified multiple significant chargeability anomalies, are being used to establish high-priority targets for Vital Battery's coming 1,000-plus-metre drill program commencing in mid-September.

Over the course of a two-week period in August, 2024, Simcoe Geoscience Ltd. deployed its wireless Alpha IP technology over prospective areas within the Jumbo-Red Lode claim block. The covered areas included the locations of the Jumbo (9.0 per cent copper across 9.1 metres), Red Lode (2.5 per cent Cu across 1.8 m) (assessment file 012G/08/0002) and Friar Tuck showings (3.7 grams per tonne gold over 0.9 m, assessment file 012G/08/0078), as well as anomalous soil sample results (see the company news release dated Jan. 22, 2024) and areas on which additional rock and soil samples were taken during this year's prospecting campaign (see the company news release dated July 11, 2024).

The use of Simcoe's wireless Alpha IP extended the depth of investigation of the survey to 250 to 450-plus metres, and has permitted Vital Battery to identify multiple strong chargeability and resistivity anomalies beyond the shallow approximately 75-metre investigation depth of a traditional pole-dipole IP survey. Elevated chargeabilities and low resistivities are commonly associated with the presence of massive or disseminated sulphides in volcanogenic massive sulphide settings.

Highlights of the completed survey include the following.

Jumbo-Red Lode grid:

• Nine line kilometres on seven separate lines were surveyed.
• A chargeability anomaly associated with Jumbo falls within the western edge of a sizable (300-plus-metre strike length) chargeability anomaly extending toward the east and to depths of up to an interpreted 200 m. This anomaly has never been drill tested and represents an exciting target for the coming drill program.
• Preliminary modelling suggests the continuation of this anomaly toward the northeast and the location of Red Lode, as well as coincident downslope outcrop samples with up to 9.5 g/t Au (see the company news release dated Oct. 26, 2023).

Lode No. 9 grid:

• The company surveyed 4.5 line kilometres on five separate lines.
• Chargeability anomalies were identified close to Gregory River, as well as toward the west of Friar Tuck. The lower anomaly may be related to Lode No. 9 (6.1 per cent Cu across 2.8 m, assessment file 012G/08/0078; readers are cautioned that mineralization hosted on adjacent properties is not necessarily indicative of mineralization hosted on Vital Battery's claim block) found just beyond the northern extension of the company's claim block. These strong chargeability anomalies present additional intriguing targets for drilling and are considered highly prospective for future discoveries.
• Preliminary modelling suggests the continuation of this chargeability anomaly to the north while continuing but also deepening toward the south.

Results from soil, grab and channel samples submitted to SGS Canada Inc. as part of phase 1 work are being received and incorporated into phase 2 drilling planning. Vital Battery anticipates receiving the balance of remaining results from phase 1 in early September, 2024, and will be using these results to refine its geological interpretations.

Adrian Lamoureux, Vital Battery's chief executive officer and president, commented, "The IP survey has continued to demonstrate the potential of the Jumbo-Red Lode claim block to host VMS-style mineralization, and we are excited to test the anomalies recognized across both side of the claim block during our upcoming maiden drill program."

JEA acknowledgment

Vital Battery gratefully acknowledges the anticipated financial support of $95,691.86 to be provided by the 2024 Newfoundland and Labrador junior exploration assistance program toward the company's 2024 exploration activities. The 2024 junior exploration assistance budget is $3.9-million and includes: $1.3-million from provincial grant funds, $1.3-million from Atlantic Canada Opportunities Agency-funded critical mineral assistance and $1.3-million from the provincially funded provincial critical mineral assistance. Funding is delivered in the form of rebates for eligible exploration activities.

Qualified person

The technical information contained in this news release has been reviewed by Alexander Timofeev, PhD, PGeo, of Dahrouge Geological Consulting, who is a registered PGeo in Quebec and Newfoundland, Canada.

The results discussed in this document are historical. A qualified person has not performed sufficient work or data verification to validate these results in accordance with National Instrument 43-101. Although the historical results may not be reliable, Vital Battery nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program.

About Vital Battery Metals Inc.

Vital Battery is a mineral exploration company dedicated to the development of strategic projects composed of battery, base and precious metals in stable jurisdictions. The company is working to advance its Schofield lithium, Dickson Lake lithium, Sting copper project and Vent copper-gold projects.

The Sting copper project covers approximately 12,700 hectares, hosts multiple historic Newfoundland and Labrador government-documented mineral occurrences, and is located within a 50-kilometre corridor known for significant volcanogenic massive sulphide copper quartz vein lode and low sulphidation epithermal gold showings. The Vent copper-gold project covers 1,562 hectares in British Columbia. Vital Battery continues to evaluate value-add assets to bolster its project portfolio.

The Schofield lithium project covers 8,824 hectares and is adjacent to Brunswick Exploration's Hearst lithium project. The Schofield lithium project is located approximately 60 kilometres south of Hearst, Ont. The Dickson Lake lithium project covers 464 single-cell mining claims and approximately 9,780 hectares, and is near a Brunswick Exploration lithium project, Imagine Lithium's Jackpot deposit and Rock Tech's Georgia Lake deposit.

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