The Fuse Team is Actively Assessing Lithium Projects and Adds Another Lithium Exploration Project in Nevada

COQUITLAM, BC / ACCESSWIRE / March 27, 2023 / Fuse Battery Metals Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) is pleased to announce expansion of our exploration land holdings with the inclusion of a new lithium exploration project in Nevada, the Monitor Valley North Project.

The Company has entered into a Purchase and Sale Agreement with J. Malcolm Bell (the "Vendor") dated March 22, 2023 whereby the Company becomes the legal and beneficial owner of 97 placer claims (MVN1 - MVN97) covering approximately 770 hectares of alluvial sediments and clays located 134 km northeast of Tonopah, Nevada (the "Monitor Valley North Lithium Property").

Terms of the Transaction:

1. The Company agrees to the following:
2. (a) reimbursing the staking and recording cost of the Vendor in the amount of US$30,081 upon signing the Agreement; and (b) issuing to the Vendor 500,000 fully paid and non-assessable common shares in the capital of the Company upon TSX Venture Exchange acceptance of the transaction.

All securities issued in connection with the Transaction are subject to a four month and a day hold period in accordance with Canadian Securities Laws.

About the Monitor Valley North Lithium Property

The property is located in Monitor Valley, Nevada, about 138 km north-northeast of Tonopah, Nevada. The center of the property is about 39.21° North Latitude, 116.65° West Longitude.

The property is 55 km due west of the Little Smokey Valley, Nevada where exploration for lithium is ongoing.

Geology and Mineralization

The Monitor Valley North Project is a sediment-hosted lithium clay target. Access to the property is good and both exploration and exploitation could be conducted year-round. Minimal work has been conducted on the project, but initial surface samples reported in regional NURE sampling returned average lithium values of 664 ppm (max 970 ppm, min 388 ppm) contained within a sedimentary sequence of Miocene mudstone and claystone.

The origin of this lithium deposit is suspected to be similar to Clayton Valley clay deposits located about 180 km to the south. Both areas are reasonably well represented by the USGS preliminary deposit model, which describes the primary characteristics as light-colored, ash-rich, lacustrine (lake) rocks containing swelling clays.

Mr. Tim Fernback, President & CEO comments "The Monitor Valley North location has been relatively unexplored to date, but the lithium exploration potential due to the geothermal activity in the project area is compelling. It is the Company's intention to rapidly evaluate the lithium potential of this project over the coming months. It is Fuse's intent to complete an initial NI #43-101 Technical Report on the property in the near future."