Victory Sells Tahlo Lake Property in British Columbia

VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce its sale of its Tahlo Lake, British Columbia property to a private company, Trimera Metals Corp., of Vancouver, British Columbia.

Highlights of the Tahlo Lake Sale:

• Sale price includes cash consideration of $90,000 CAD for 100% interest in the property
• Victory will retain a 2% Gross Metal Royalty ("GMR")
• The GMR may be reduced at any time from 2.0% to 1.0% by the Royalty Payor, or its permitted assign, paying to Victory $1,000,000.
• The Royalty Payor will retain a first right of refusal to purchase any remaining GMR owned by Victory or its successors or assignees.

Mark Ireton, Victory CEO and Director noted: "The recent announcement of our option agreement to acquire 100% interest in the Kachiwiss Uranium Project in Quebec is indicative of renewed strategic focus for the Company. The Kachiwiss Uranium deposit has significant historical reports, defining a zone of interest¹ that represents the best application of our resources, with the aim to return benefits to Victory shareholders in the shorter term. Selling Tahlo Lake at this time serves our renewed strategic focus."

¹ Kachiwiss Uranium Project Historical Findings:

• The claims cover the Kachiwiss Uranium deposit with a reported historical, 1978 non-Ni 43-101, compliant, non-classified resource of 16,598,000 tonnes grading 0.016% U3O8 within a pegmatic dyke oriented NW45o.
• The zone, as currently defined, measures 975 metres long by 610 metres to 760 metres wide and is open. Historical metallurgical test work suggested recoveries of up to 92.9% can be achieved².
• The same report mentions the presence of thorium in the region, In addition to the Kachiwiss deposit, the option includes a large package of claims covering lake bottom sediment sample uranium anomalies farther to the north.
• In total, 156 mining claims make up the package with Globex retaining a 10-kilometre area of mutual interest surrounding the current claim blocks.

²Quebec Government Sigeom - Lac Kachiwiss File CGM 22J/01.001 - Oct 21/2011.