Victory Acquires New Property in James BAY Lithium District
For Immediate Release
VICTORY ACQUIRES NEW PROPERTY IN JAMES BAY LITHIUM DISTRICT
ADJACENT TO PATRIOT BATTERY METALS CORVETTE PROPERTY
• Victory acquires 280 new claims, bringing its total claims to 347, expanding the Stingray
property array in Quebec on ground adjacent to Patriot Battery Metals, (TSXV : PMET),
Corvette lithium discoveries
• Victory’s Stingray array of properties increases from 3,417 to 17,792 hectares
• Victory’s exploration team continues to pursue additional property in promising lithium
areas in North America
VANCOUVER, BC, CANADA (February 15th, 2023) – Victory Battery Metals Corp. (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to announce the Company has acquired
280 new claims in the James Bay Lithium District, bringing its total claims in the area adjacent to Patriot
Battery Metals (TSXV: PMET) Corvette Lithium discoveries to 347.
Victory’s holdings now represent a large ground position in an underexplored area within an emerging
lithium district. With this acquisition, the Stingray property array grows from 3,417 to 17,792 hectares south
of Patriot Battery Metals Corvette Property. The Stingray claim blocks range from adjacent to the Corvette
to several kilometers away and span over 65 km of east to west strike length (Figure 1).
Figure 1: Victory’s Stingray Property Array including new claims as indicated
“Expanding Victory’s presence in this prime location is a priority, allowing us to consolidate the Company’s
Stingray property array, streamline exploration efforts and establish a significant presence for further
strategic acquisitions and or partnerships,” said Mr. Mark Ireton, Victory Battery Metals President.
The new claims were acquired for a cash payment of $100.000 and 3 million shares. The acquisition is
made up of three blocks that will now become part of the Stingray Property array:
Block One (Kaanaan Block):
• 146 claims, 7,486 hectares located approximately 2-3 km southeast and east of PMET’s Corvette
Lithium property
• Covers eastern extension of major regional fault structure which represents the contact between
the Archean metavolcanics and Archean granodiorites. This major structure is believed to have
controlled the emplacement of lithium bearing pegmatites within the Corvette Lithium Project
located towards the west
Block Two (Lac Block):
• 92 claims, 4,730-hectares located approximately 5km south of PMET’s Corvette Lithium Property
• Covers multiple extensions of prospective metavolcanic unit which is a known host of lithium
bearing pegmatites within the James Bay Area. The Lac Block surrounds and covers unexplored
extension from Infinity Stone Ventures (CSE: GEMS) Hellcat Project where they have identified 5
pegmatites within the greenstones1
Block Three (Riviere Block):
• 42 claims, 2,159-hectare block located ~8km southwest of PMET’s Corvette Lithium Property
• Located adjacent to major east-west trending regional structure and geological contact zone
between tonalite/granodiorite and metavolcanic/metasedimentary units
About the James Bay Lithium District
The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been
deformed by various orogens over time, creating large fault zones containing gold, lithium, copper, zinc,
and silver mineralization. The majority of the new Stingray claims lie along the same rock unit that has been
previously mapped by Patriot Battery Metals Inc., contains lithium-bearing pegmatites up to 20 km in length
with Li2O values as high as 1280 ppm.2
Patriot Battery Metals Corvette property “hosts significant lithium potential highlighted by the 2.6 km long
CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O
or 5.0 m at 6.36% Li2O (CV22-083), 159.7 m at 1.65% Li2O (CV22-042), 131.2 m at 1.96% Li2O (CV22-
100), and 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O (CV22-093).”3
Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National Instrument 43-
101, has reviewed, and approved the technical contents of this news release in relation to the Stingray
properties, James Bay Lithium District, on behalf of the Company.
1https://infinitystoneventures.com/infinity-stone-expands-with-new-claim-block-adjacent-to-hellcat-lithium-project-in-james-bay-
lithium-district/
2https://patriotbatterymetals.com/patriot-discovers-new-lithium-pegmatite-cluster-on-trend-with-the-cv5-pegmatite-and-samples-3-
73-li2o-corvette-property-quebec/
3https://patriotbatterymetals.com/patriot-extends-strike-length-of-cv5-pegmatite-by-400-m-in-first-series-of-holes-from-its-2023-drill-
campaign-corvette-property-quebec-canada/
As this acquisition constitutes a material change in the affairs of the Company, the Company has amended
its offering document filed on www.sedar.com on February 6 th and available on its website to reflect the
same. The Company has also filed a French version of the amended and restated offering document so
that investors resident in that province can participate p pursuant to the listed issuer financin g exemption
under Part 5A of NI 45- 106. Prospective investors should read this offering document before making an
investment decision.
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
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which are beyond the control of the Company including, but not limited to, the impact of general economic
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