Patriot Battery Metals Inc. (ASX: $PMT) Shaakichiuwaanaan Project Update

Patriot Battery Metals Inc. (ASX: $PMT) has revealed a significant upgrade in the Mineral Resource Estimate for the Shaakichiuwaanaan Lithium Project, solidifying its status as the largest lithium pegmatite Mineral Resource in the Americas and the 8th largest globally. The Consolidated Mineral Resource statement for the CV5 and CV13 spodumene pegmatites includes 80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 Inferred. The company is set to provide a Preliminary Economic Assessment for the CV5 Spodumene Pegmatite by the end of September quarter. The Mineral Resource spans 6.9 km of collective strike length, with potential for further growth as both the CV5 and CV13 spodumene pegmatites remain open along strike at both ends and to depth. The company aims to aggressively advance the remaining infill drilling at CV5 to support a maiden ore reserve and Feasibility Study scheduled for Q3-2025.

Executive Commentary on Shaakichiuwaanaan Project

The updated Consolidated Mineral Resource Estimate reaffirms the Shaakichiuwaanaan Project as a Tier I, world-class lithium pegmatite asset. The Shaakichiuwaanaan Mineral Resource includes only the CV5 and CV13 spodumene pegmatites and does not include other known spodumene pegmatite clusters on the Property. We plan to continue infill drilling at the CV5 Pegmatite and exploratory drilling at CV13 to further increase MRE confidence and delineate a coherent body of Indicated Mineral Resource blocks. The Mineral Resource Estimate has been completed in accordance with the Canadian National Instrument 43-101, and we will prepare and file a technical report supporting the Mineral Resource Estimate on SEDAR+ within 45 days of the announcement. The Shaakichiuwaanaan Property, located in the Eeyou Istchee James Bay region of Quebec, covers an area of approximately 23,710 ha and is comprised of 463 CDC mineral claims. Our focus is on advancing development studies for the Shaakichiuwaanaan Project to provide long-term spodumene supply to the North American and European markets.

Summary of Shaakichiuwaanaan Project Update

Patriot Battery Metals Inc. (ASX: $PMT) has announced a significant upgrade in the Mineral Resource Estimate for the Shaakichiuwaanaan Lithium Project, solidifying its position as the largest lithium pegmatite Mineral Resource in the Americas and the 8th largest globally. The company is on track to provide a Preliminary Economic Assessment for the CV5 Spodumene Pegmatite by the end of September quarter. The Mineral Resource spans 6.9 km of collective strike length, with potential for further growth as both the CV5 and CV13 spodumene pegmatites remain open along strike at both ends and to depth. The company intends to aggressively advance the remaining infill drilling at CV5 to support a maiden ore reserve and Feasibility Study scheduled for Q3-2025. The Shaakichiuwaanaan Project is positioned to provide long-term spodumene supply to the North American and European markets and is focused on advancing development studies for the project. The company's ambitions include delineating a coherent body of Indicated Mineral Resource blocks and preparing a technical report supporting the Mineral Resource Estimate on SEDAR+ within 45 days of the announcement.