Victory Sells Tahlo Lake Property in British Columbia
For Immediate Release
VICTORY SELLS TAHLO LAKE PROPERTY IN BRITISH COLUMBIA
VANCOUVER, BC, CANADA (April 25th, 2024) — Victory Battery Metals Corp. (CSE: VR) (FWB:
VR61) (OTC: VRCFF) ("Victory" or the "Company") is pleased to announce its sale of its Tahlo
Lake, British Columbia property to a private company, Trimera Metals Corp., of Vancouver, British
Columbia.
Highlights of the Tahlo Lake Sale:
• Sale price includes cash consideration of $90,000 CAD for 100% interest in the property
• Victory will retain a 2% Gross Metal Royalty (“GMR”)
o The GMR may be reduced at any time from 2.0% to 1.0% by the Royalty Payor, or its permitted
assign, paying to Victory $1,000,000.
o The Royalty Payor will retain a first right of refusal to purchase any remaining GMR owned by
Victory or its successors or assignees.
Mark Ireton, Victory CEO and Director noted: “The recent announcement of our option agreement
to acquire 100% interest in the Kachiwiss Uranium Project in Quebec is indicative of renewed
strategic focus for the Company. The Kachiwiss Uranium deposit has significant historical reports,
defining a zone of interest1 that represents the best application of our resources, with the aim to
return benefits to Victory shareholders in the shorter term. Selling Tahlo Lake at this time serves
our renewed strategic focus.”
1 Kachiwiss Uranium Project Historical Findings:
• The claims cover the Kachiwiss Uranium deposit with a reported historical, 1978 non-Ni 43-
101, compliant, non-classified resource of 16,598,000 tonnes grading 0.016% U3O8
within a pegmatic dyke oriented NW45o.
• The zone, as currently defined, measures 975 metres long by 610 metres to 760 metres
wide and is open. Historical metallurgical test work suggested recoveries of up to 92.9%
can be achieved2.
• The same report mentions the presence of thorium in the region, In addition to the
Kachiwiss deposit, the option includes a large package of claims covering lake bottom
sediment sample uranium anomalies farther to the north.
• In total, 156 mining claims make up the package with Globex retaining a 10-kilometre
area of mutual interest surrounding the current claim blocks.
2Quebec Government Sigeom – Lac Kachiwiss File CGM 22J/01.001 - Oct 21/2011.
Scientific and technical information contained in this press release was reviewed and approved by
Mr. Réjean Girard, Quebec Geologist, P.Geo (OGQ 521) and a "qualified person" under NI 43-101.
Correcting statement:
On April 18, 2024, VBM announced entering into an option agreement dated April 11, 2024 to acquire 100%
interest in four claim groupings in the Sept Iles region of Quebec from GLOBEX MINING ENTERPRISES INC.
(GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS
Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International
in the US). The press release stated terms of payment to include the issuance of 1.5 million shar es to Globex
Mining Enterprises Inc. over 3 years. The actual amount of shares to be issued is 1,250,000.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE: VR) is a publicly traded diversified investment corporation
with mineral interests in North America. The company is also actively seeking other exploration
opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward -looking statements that
involve substantial known and unknown risks and uncertainties. All statements other than
statements of historical fact are forward -looking statements, including, without limitation,
statements regarding future financial position, business strategy, use of proceeds, corporate vision,
proposed acquisitions, partnerships, joint -ventures and strategic alliances and co -operations,
budgets, cost and plans and objectives of or involving the Company. Such forward -looking
information reflects management's current beliefs and is based on information currently available
to management. Often, but not always, forward -looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative
variations) of such words and phrases or may be identified by statements to the effect that certain
actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number
of known and unknown risks, uncertainties and other factors may cause the actual results or
performance to materially differ from any future results or performance expressed or implied by the
forward-looking information. These forward -looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the Company including, but not limited to,
the impact of general economic conditions, industry conditions and depen dence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements. The Company does not assume
any obligation to update or revise its forward -looking statements, whether as a result of new
information, future events, or otherwise, except as required by securities laws.