Cruz Battery Metals Announces Private Placement to Fund Work Programs on its Nevada & Ontario Projects

Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (WKN: A40YSN) ("Cruz" or the "Company") wishes to announce a private placement to fund work programs on the Company's Nevada lithium projects and the gold/copper project in Ontario. Cruz's Solar Lithium Project in Nevada, directly bordering American Lithium Corp. Throughout the first 4 phases of drilling, Cruz has discovered lithium in all 14 drill holes.

James Nelson, President of Cruz Battery Metals stated, "Domestic lithium attention seems to have renewed since the U.S. government has agreed to take a stake in Lithium Americas Thacker Pass Lithium Mine in Nevada, announced by Reuters ⁽¹⁾ on October 1, 2025. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to proceed with a work program on the Solar Lithium Project, directly bordering American Lithium Corp., with the goal of producing a Maiden Resource Estimate in the first half of 2026. According to news announced on August 18, 2025, American Lithium Corp. (LI) closed a $9.4 million private placement with units priced at $0.27. On October 10, 2025, American Lithium's share price reached a high of $1.29, according to tmx.com⁽²⁾. In addition, funds from this financing will strengthen our working capital position, providing us with greater flexibility to plan preliminary work programs on the 'Sterling South Gold/Copper Project' directly bordering Sterling Metals Corp.'s recent discovery in Ontario. The Company is very optimistic about the growth prospects for the remainder of 2025 and beyond as we become more active than we've been in years."

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In recent news, announced on October 6, 2025, Cruz acquired the 'Sterling South Gold/Copper Project' directly bordering Sterling Metals Corp. recent discovery in Ontario. According to a news release posted on Sterling's website on September 29, 2025, Sterling Metals Corp announced a high-grade copper discovery at the Soo Copper Project intersecting 262.5m of 1.05% CuEq, including 68.3m of 3.25% CuEq and 9.3m of 19.8% CuEq from near surface. Cruz management cannot verify Sterling's results other than the publicly available information. This new acquisition consists of 42 claim units for approximately 2,500 acres.