Successful Drill Program Completed At Smokey Lithium Property

VANCOUVER - Victory Battery Metals President and CEO, Mark Ireton, said, “The Company has completed its 2023 spring drill program, drilling at a total of 1966.5 feet over 4 holes, cores from which have been assembled and sent for assay. Our team has reviewed the onsite findings and have determined that this drill program moved the project from an early-stage project towards an advanced stage project.

The culmination of 3 years of geological study, surface sampling and drilling has confirmed that the project is underlain by thick sections of claystone rocks. Assay results from the 2022 drill program clearly show that these claystones are in fact mineralized with lithium. The project has now passed the all the important milestones to date in proving there are the right type of rocks underlying the property, and that these rocks contain robust lithium. The recently completed spring 2023 drill program has significantly expanded the area and thickness of the targeted claystone sequences of the Esmeralda Formation. This program is a significant advance in establishing a deposit at Smokey Lithium and we eagerly await the assay results from this drilling.”