Robust NI 43-101 Resource Estimate Of 6.2 Million Tonnes Indicated

VANCOUVER - Battery Mineral Resources Corp. (BMR) announced a robust NI 43-101 resource update for its Punitaqui copper mining complex in Region IV of Chile. The resource estimate is based on the Phase 1 drill program, which totaled 32,526 meters (m) of diamond core drilling and also includes the drilling and mining data from the Cinabrio mine completed by prior operators including Glencore PLC. The BMR Phase 1 drilling focused on three zones at Punitaqui: Dalmacia, San Andres, and Cinabrio Norte.

CEO and Director, Martin Kostuik, said, "We are very proud of the outcome of our Phase 1 drilling and the work done jointly by our team and those at JDS Energy and Mining, Inc. to produce this NI 43-101 resource estimate for Punitaqui. It was always our goal to define 4M to 5M tonnes of total resources at Punitaqui to give us approximately four to five years of potential mining, so we are thrilled to be able to report Indicated resources of over 6M tonnes at grades similar to the historical values seen by previous operators. This resource estimate will be the first of many for Punitaqui and we plan to pursue an aggressive exploration drill program focussed on extensions to the known resources as well as a series of brownfields targets within our Punitaqui Mine Complex land holdings. We are particularly optimistic about the future potential of the Dalmacia zone, where the majority of the current resource estimate incorporates only one-third of the known strike length based on the drilling thus far. We believe its important to note that, before this resources report, only the Cinabrio mine had underground resources. This demonstrates are ability to find new mineralization and we will endeavor to continue thus successful process while the mine is in operations. Combined with the strong metallurgical we believe we have successfully demonstrated that the Punitaqui project has as bright a future as it has ever had."