Phase 2 Drilling Underway With Two Holes Complete On Nevada North Lithium Project

WEST VANCOUVER - Surge Battery Metals Inc. reported on the second program of drilling is underway and the first two holes have been completed on the Nevada North Lithium Project (NNLP) located northeast of Elko, Nevada. Drill pad locations for this second program of drilling have been laid out to further test and extend the presence of clay beds that were assayed for high levels of lithium in last year's program. The possible expansion in area and at depth were interpreted from the recently completed geophysical surveying. Of the eight holes planned, seven can be regarded as step-out holes from the first drill program in 2022 with drill hole location "V" being located on an assumed northwest trend. Site "V" has the potential to extend the known lithium-rich clay from the current 1,620 meters strike length to more than 3000 meters. Site "Q" will test the known width of the mineralization to 950 meters from the previously drill-indicated 400 meters.

Drillhole location "R", which is a 400 meter step out, and "M" have been completed. Drilling at hole location "V" is underway. Hole "V" is a significant step out of over 1,000 meters from previous drill holes. The stratigraphic package and general intercepts of the favorable claystone which have been encountered in the first two holes are consistent with the 2022 drilling results.

Most recently, the Company announced a significant expansion of its land holdings at NNLP through additional claim staking by the Company, and by way of an Agreement with M3 Metals Corp (M3M). With the additional staked lands and including the interest in the M3M Lands, the Company will, once the M3M Agreement has received regulatory approval, have significantly increased its land position in the area of the NNLP.

Greg Reimer, Chief Executive Officer, and Director, said, "We have initiated the second drilling program on our Nevada North Lithium Project, with the completion of holes "R" and "M". Drill hole location "V", our most northerly location, is underway. We are encouraged that the first two holes show similar geological characteristics to the 2022 program and expect to see an increase in the overall area of clay bearing horizons that, to date, have contained significant lithium values.”w