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Patriot Battery Metals Announces Mobilization of First Drill Rig to Corvette Lithium Property in James Bay, Quebec, Canadian Business Journal

Vancouver, British Columbia, March 1, 2022 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (“Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) We are pleased to announce that we have mobilized the first of two drill rigs to begin our winter drill program at our fully owned Corvette Lithium Property (“property”) in the James Bay region of Quebec. The CV Lithium Trend’s target drill area is approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and power line infrastructure.

During the winter of the planned 15,000-20,000 m drill exploration campaign, the first four drill holes for testing the CV5-6 prospect returned a strong lithium tantalum mineralization CV1 to CV7 lithium pegmatite outcrop corridor. Focus on further depictions of. ..This is highlighted by the 0.94% Li drill hole CF21-002.2O and 117ppm Ta2OFive Drill holes CF21-003 over 155.1 m and 58.1 m with 1.25% Li2O and 194ppm Ta2OFive (See news releases dated 27 January 2021 and 3 February 2022). The main purpose of the winter program is to test the continuity between the lithium pegmatite outcrops of CV5 and CV1.

Blairway’s president and director commented: “It’s very exciting to start a second drill program at the Corvette Property. It consists of significantly more meters than the Fall 2021 program. It’s the exploration and development of the Corvette Property and its Lithium Foundation. It’s a big next step for us to deploy a $ 13 million war chest in. We look forward to this next drilling round and are very optimistic about what will be discovered between the CV1 and CV5 outbursts. am.”

The first drill hole color for the 2022 drill campaign is expected shortly as the first drill rig and equipment are currently being prepared for the move from the staging area to the first drill site. The second drill rig and the rest of the support staff will arrive at the scene shortly thereafter. We have a contract with Forage Fusion Drilling Ltd. in Hawkesbury, Ontario, and Dahrouge Geological Consulting Ltd in Edmonton, Alberta. Diamond drilling was carried out in a program managed by.

We have stated that we will develop a COVID management plan for this program and will implement the field program while complying with all federal, state and regional regulations of the COVID-19 pandemic. Mineral exploration is recognized as an essential service in Canada and Quebec.

About CV Lithium Trend

The CV Lithium Trend is the emerging Spojumen pegmatite district we discovered in 2017, straddling the FCI West, FCI East, and Corvette claims blocks. The core area contains a corridor that is approximately 2 km long. This is part of the CV Lithium trend across properties over 25km in length. It consists of numerous spojumen pegmatite products, including CV1, CV2, CV3, CV5, CV6, and CV7 pegmatites, highlighted by CV5 pegmatites. 155.1m drill intercept with 0.94% Li2O and 117ppm Ta2OFive (CF21-002), and 58.1 m at 1.25% Li2O and 194ppm Ta2OFive (CF21-003). The excavation shows a pegmatite body with a true width of about 60 m, which is significantly larger than that observed at the outcrops. The high number of highly mineralized pegmatites in this core area of ​​the trend contains a series of relatively dense / stacked, quasi-parallel, fairly large spojumen with a fairly wide range of lateral and depth. It indicates that it is likely to be a pegmatite body. Current.

Qualified person

Darren L. Smith, M.Sc., P., Vice President of Exploration for the company, a registered permit holder of the Ordredes Géologues du Québec and a qualified person as defined in National Instrument 43-101. Geo. Review the technology. Information on this news release.

Patriot Battery Metals Inc.about

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties including batteries, bases, and precious metals.

Our flagship assets are Corvette properties, including the fully owned Corvette, FCI East, FCI West, Deca Goose, Felix, and Corvette East claims blocks in the James Bay region of Quebec.The land package hosts significant lithium potential highlighted by CV5-6 spojumen pegmatite with 0.94% Li drill intercept.2O and 117ppm Ta2OFive 155.1 m (CF21-002) or higher, and 1.25% Li2O and 194ppm Ta2OFive (CF21-003) is 58.1 meters or more. In addition, the properties host the Golden Gap Trend, which uses a grab sample of 3.1-108.9 g / t Au from the outcrop, 10.5 g / t Au over 7 m in the drill hole, and the Maven Trend, which uses 8.15% Cu, 1.33 g / t Au. doing. 171 g / t Ag on the outcrop.

We also own 100% ownership of Freeman Creek Property in Idaho, USA and host two future gold prospects. Carmen Creek Prospect with surface sample results containing 25.5 g / t Au, 159 g / t Ag, and 9.75% Cu.

Other assets of our company include Pontax Lithium Gold Property, QC. Hidden Lake Lithium Property in the Northwest Territories holds a 40% stake in the Company and also owns several other assets in Canada.

For more information, please contact info @ patriotbatterymetals.com. Tel: +1 (778) 94-2950, ​​or visit www.patriotbatterymetals.com.

On behalf of the board of directors

“”Blairway “”ADRIAN LAMOUREUX
Blairway, President and Director Adrian Lamoureux, CEO and Director


Disclaimer for information about future prospects

The statements contained in this announcement include statements regarding our plans, intentions and expectations, which are not historical in nature and are identified as “statements regarding future prospects”. Forward-looking statements may be identified by expressions such as “expect,” “believe,” “intention,” “estimate,” and “expect.” We believe that forward-looking statements, including but not limited to those related to, but not limited to, our future business and business outlook, may differ materially from those shown in the forward-looking statements. Warn the reader that there may be certain risks and uncertainties...

The Canadian Stock Exchange has not endorsed or denied the content of this news release.


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Patriot Battery Metals Announces Mobilization of First Drill Rig to Corvette Lithium Property in James Bay, Quebec, Canadian Business Journal

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