VICTORY EXPANDING ITS SMOKEY LITHIUM PROPERTY BY 100 CLAIMS UPON ANALYSIS OF PRELIMINARY RESULTS OF ITS RECENTLY COMPLETED DRILL PROGRAM

VANCOUVER, BC, CANADA, June 12, 2023 (GLOBE NEWSWIRE) --

• Victory’s exploration team finalizes expansion of Smokey Lithium to fortify its interests upon preliminary analysis of its recently completed drill program
• The additional Smokey Lithium staked ground will expand the property by 100 claims, totalling 2066 acres
• The decision was made to stake lode claims for this new ground, providing the Company with additional acres for grassroots exploration in an area where recent drilling has discovered a thick sequence of claystone from surface to a depth of >500 feet in the recently completed drilling

Victory Battery Metals (CSE: VR) (FWB: VR6) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce that  the Company initiated expansion plans for its Smokey Lithium, Nevada property upon preliminary analysis of sequentially delivered drill program data, and that its exploration team continues to analyze the overall drill program findings.

“Smokey Lithium is in a prolific lithium region that is highly competitive and we have acted prudently at this time to respond to preliminary analysis of the recently completed drill program, as sequential information was delivered from the lab, to expand the Smokey Lithium property with 100 new lode claims, which will increase the property by 2066 acres to a total 5691 acres,”  said Victory President and CEO, Mr. Mark Ireton.

The Company continues to analyze its overall results from all exploration activities, including its most recent drill results combined with 2022 drilling, field mapping, surface sampling, and Tromino passive seismic studies, to develop the most complete picture for ongoing exploration plans at Smokey Lithium. The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface.  When combined with the highly encouraging results from Victory’s first round drilling (completed in 2022) the project area is highly prospective. 

Figure 1: Map of Smokey Lithium Location in Prolific Lithium Region

About Smokey Lithium, Nevada

Victory’s Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium’s flagship lithium project. Smokey Lithium is located northwest of Cypress’ Clayton Valley Lithium Project and to the southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).