Victory Battery Metals Delivers Shareholder Update on the Company's Lithium Holdings in Quebec and in Nevada

• Victory's Exploration team is conducting initial planning on a program for its Stingray Properties in proximity to Patriot Battery Metals (PMET) Corvette Property (Figure 1)
• Victory's Smokey Lithium Nevada property has been extensively analyzed, informing an amended drill permit with high confidence targets which has been filed and is in process
• Victory's exploration team is actively pursuing additional property in James Bay Lithium District, and other promising lithium areas in both Canada and the USA

VANCOUVER, BC / ACCESSWIRE / February 8, 2023 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR6)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to provide its shareholders with an update on the Company's key lithium holdings and strategy going forward.

Dear Shareholders:

Victory's exploration team is focusing its acquisition and exploration of strategic lithium properties primarily in the James Bay Lithium District, adjacent to Patriot Battery Metals (TSXV: PMET) Corvette Lithium discoveries, and in Nevada on the Esmeralda foundation, a prolific region for lithium clay deposits, including those held by American Lithium (TSX:V:LI), Noram (TSXV:NRM), Century Lithium (TSXV:LCE), and adjacent to Jindalee's (ASX:JRL) Clayton North property.

Victory's strategic focus on advancing its lithium holdings in the James Bay Lithium District, Quebec and Esmeralda County, Nevada are highlighted below:

STINGRAY Properties, James Bay Lithium District, Quebec

• Victory has built a growing presence with its Stingray property array in Quebec, which consists of 67 claims on ground adjacent to Patriot Battery Metals, (TSXV-PMET) Corvette lithium discoveries
• The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been deformed by various orogens over time, creating large fault zones containing gold, lithium, copper, zinc, and silver mineralization.

Foto: Accesswire

Figure 1: Victory's Stingray Property Array

• Patriot Battery Metals Corvette property "hosts significant lithium potential highlighted by the 2.6 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li₂O, including 25.0 m at 5.04% Li₂O or 5.0 m at 6.36% Li₂O (CV22‑083), 159.7 m at 1.65% Li₂O (CV22-042), 131.2 m at 1.96% Li₂O (CV22-100), and 52.2 m at 3.34% Li₂O, including 15.0 m at 5.10% Li₂O (CV22-093)."¹

"The Stingray property array is in a prime location and our exploration team is in the process of planning an initial program, while simultaneously looking for additional strategically aligned property in the area to further Victory's interests on behalf of shareholders," said Mr. Mark Ireton, Victory Battery Metals President.