Victory Battery Metals (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) (“Victory” or the “Firm”) is happy to announce that the Firm has reached an settlement, securing the tools and companies to conduct its drilling program with the newly recognized gap places within the space of curiosity contiguous with the southwest a part of the unique declare block for its wholly owned Smokey Lithium Property in Nevada, as soon as its drill allow modification is authorised.

• Victory secures drill crew in extremely aggressive market to make sure its Smokey Lithium undertaking can advance expediently pending drill allow modification approval
• Drill gap places have been chosen to increase robust lithium mineralization intersected beforehand on the property in gap 09 inside the space of curiosity outlined intimately within the Firm’s press launch dated 20 October 2022
• Combining outcomes from subject mapping, floor sampling, drilling and Tromino passive seismic research, the Firm has developed proprietary maps displaying extremely detailed visible cross sections to grasp the faulting that will certain the deposit’s edges

Victory’s amended drill allow utility contains the brand new prime quality drill targets. The proposed program seeks to increase robust lithium mineralization intersected beforehand on the property’s gap 09, which led to robust, claystone hosted, lithium mineralization at 417 toes.

“In anticipation of Smokey Lithium’s amended drill allow approval, the Firm has secured drilling capabilities in what’s an especially aggressive market, to make sure the exploration can advance briefly order,” mentioned Victory President and CEO, Mr. Mark Ireton. “The allow modification is designed to put holes on 500-1000 foot grid spacing over the Space of Curiosity, testing the marginalized depth of Gap 09 at such a distance to develop a useful resource whereas managing threat.”

The deliberate second spherical drill targets are an ideal mixture of step out drilling on earlier a mineralized intersection together with grassroots targets of claystone sediments inside the Weepah Detachment fault and underlying claystones of the Esmeralda Formation. The undertaking space and surrounding lands present robust lithium mineralization with the Esmeralda Formation at floor. When mixed with the extremely encouraging outcomes from Victory’s first spherical drilling (accomplished in 2022) the undertaking space is extremely potential. Solely a handful of holes have ever been drilled inside the undertaking and surrounding areas, leaving sturdy potential for extra discoveries of lithium mineralized claystones.

Case for Smokey Lithium Property

Victory’s Exploration crew had theorized that based mostly on the close by Jindalee property; mineralized floor clays may very well be widespread just like Clayton Valley. Because of the buried nature of those clays, some subject mapping, floor sampling and three drill holes have been carried out to verify mineralized clay was in attain on Victory Floor.

• 1 of the three holes encountered mineralization, Gap 09, additional validating Victory’s principle for widespread buried mineralized clays, as introduced on 31 Could 2022
• 3 holes demonstrated the complexity of the subsurface construction and nature of the clays
• It was determined to carry off on any further drilling till methods may very well be deployed that would offer a greater image of the subsurface construction with respect to bedding dips, mineralized vs. non mineralized clay traits and so forth. and faults that will certain the deposit and or drop it too deep to be economically viable

Exploration Findings & Evaluation

Following the preliminary drill program, the exploration crew carried out further detailed floor mapping of outcropping beds of lithium mineralized claystone, an in depth evaluation of assay outcomes on the assorted clay beds and eventually a Tromino passive seismic survey to grasp the faulting that will certain the deposit’s edges.

All of this information has been processed and transformed to geologic cross sections and complex maps, proprietary to the Firm. Upon completion of the map work, a 2.5 sq km space (approx.) was recognized as excessive precedence for additional exploration. This new Space of Curiosity (AOI) resides inside 91 newly staked claims and is contiguous with the southwest a part of the unique declare block. Gap 09, which led to mineralization, matches inside the AOI.

Abstract of Findings and Actions

• Mineralized lithium clays exist on Victory’s floor as evidenced in Gap 09
• Tromino passive seismic and floor mapping has recognized management boundaries for the lithium found in Gap 09 (For instance, faults, dipping of the beds and so forth.)
• Compiling all of this information has allowed the exploration crew to generate cross sections, geologic mapping, and subsurface modelling with a excessive diploma of confidence of the subsurface
• This compilation presents a 2-3km space with lowered threat, having a excessive probability to intersect lithium wealthy clays by way of drilling, and should point out maiden useful resource potential

About Smokey Lithium, Nevada

Victory’s Smokey Lithium undertaking is a clay lithium property that lies roughly 20 miles north of Clayton Valley, to the west of American Lithium’s flagship lithium undertaking. Smokey Lithium is positioned northwest of Cypress’ Clayton Valley Lithium Challenge and to the southwest of American Lithium Company’s Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific area for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).

The technical data contained on this information launch has been reviewed and authorised by Bob Marvin (PGeo), who’s a Certified Individual as outlined beneath Nationwide Instrument 43-101.

For additional data, please contact:

Mark Ireton, President
Phone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: data@victorybatterymetals.com

About Victory Battery Metals

VICTORY BATTERY METALS (CSE: VR) is a publicly traded diversified funding company with mineral pursuits in North America. The Firm can also be actively looking for different exploration alternatives.

Neither the Canadian Securities Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Change) accepts duty for the adequacy or accuracy of this launch.

Ahead Trying Statements

Sure data set forth on this information launch might comprise forward-looking statements that contain substantial recognized and unknown dangers and uncertainties. All statements apart from statements of historic truth are forward-looking statements, together with, with out limitation, statements concerning future monetary place, enterprise technique, use of proceeds, company imaginative and prescient, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, price and plans and targets of or involving the Firm. Such forward-looking data displays administration’s present beliefs and relies on data presently accessible to administration. Usually, however not all the time, forward-looking statements might be recognized by means of phrases similar to “plans”, “expects”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “goals”, “anticipates” or “believes” or variations (together with adverse variations) of such phrases and phrases or could also be recognized by statements to the impact that sure actions “might”, “may”, “ought to”, “would”, “may” or “will” be taken, happen or be achieved. Quite a lot of recognized and unknown dangers, uncertainties and different elements might trigger the precise outcomes or efficiency to materially differ from any future outcomes or efficiency expressed or implied by the forward-looking data. These forward-looking statements are topic to quite a few dangers and uncertainties, sure of that are past the management of the Firm together with, however not restricted to, the impression of common financial circumstances, business circumstances and dependence upon regulatory approvals. Readers are cautioned that the assumptions used within the preparation of such data, though thought-about affordable on the time of preparation, might show to be imprecise and, as such, undue reliance shouldn’t be positioned on forward-looking statements. The Firm doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not because of new data, future occasions, or in any other case, besides as required by securities legal guidelines.

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