Rio Tinto Exploration Canada and Azimut Exploration Sign TWO “Option to Joint Venture Agreements”
RIO TINTO EXPLORATION CANADA AND AZIMUT EXPLORATION SIGN TWO
“OPTION TO JOINT VENTURE AGREEMENTS” FOR UP TO C$115.7 MILLION1 FOR
PROPERTIES BORDERING VICTORY’S STINGRAY LAC AND RIVIERE BLOCKS
• Rio Tinto Exploration Canada has signed “two (2) O ption to Joint Venture Agreements”
with Azimut Exploration Inc. for its Kaanaayaa and Corvet lithium properties
• Azimut’s Kaanaayaa and Corvet properties border Victory’s Lac Block and Riviere Block
directly to the east and south respectively (Figure 1)
• Victory’s Stingray array of properties includes 347 claims, totalling 17,792 hectares on
ground adjacent to Patriot Battery Metals, (TSXV : PMET), Corvette Property – Declared
“The Largest Lithium Pegmatite Resource in the Americas on 30 July 20232
VANCOUVER, BC, CANADA (1 August 2023) – Victory Battery Metals Corp. (CSE: VR) (FWB:
VR61) (OTC: VRCFF) (“Victory” or the “Company”) is excited to share that Rio Tinto Exploration
Canada Inc. has just signed “two (2) Option to Joint Venture Agreements” with Azimut Exploration
(TSX.V: AZM) (OTCQX: AZMTF) for Azimut’s Kaanaayaa and Corvet lithium properties, situated directly
to the east and south of Victory’s Lac Block and Riviere Block (Fig.1), for up to C$115.7 MILLION.1
Figure 1: Victory’s Stingray Property Blocks in Relation to Azimut’s Corvet and
Kaanaayaa Properties Option to Joint Venture with Rio Tinto Exploration Canada Inc.
Victory CEO and Director, Mr. Mark Ireton commented: “The Rio Tinto Exploration / Azimut Exploration
options to joint venture represent a significant advance in the direct area of Victory’s Stingray claims. Our
exploration team is finalizing a comprehensive phase one work program for Stingray, the details for which
we will be able to announce in short order. We are highly encouraged by Patriot Battery Metals
announcement of the largest Lithium Pegmatite Resource in the Americas on 30 July 2023 for its Corvette
Property, directly to the north of Victory’s Stingray array of properties - and pleased that Canada, in
particular Quebec, is being recognized globally as a major player in the EV revolution, specifically in this
prolific area in which we have substantial and well-placed ground.”
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 and contains gold, lithium, copper, zinc, and silver mineralization.
CV5, Corvette Property, James Bay, Quebec, Spodumene Pegmatite is firmly established as the largest
lithium pegmatite mineral resource in the Americas and the 8th largest globally. 109.2 Mt at 1.42% Li2O
and 160 ppm Ta2O5 inferred, (0.40% Li2O cut-off grade). Based on 163 core holes totalling 56,385 m.2
The technical information contained in this news release has been reviewed and approved by Mr. Helgi
Sigurgeirson, Victory Geologist, who is a Qualified Person as defined under National Instrument 43-101.
1https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1471-tsx-venture/azm/144587-azimut-and-rio-tinto-sign-
agreements-for-the-corvet-and-kaanaayaa-lithium-properties-james-bay-region-quebec.html
2 https://patriotbatterymetals.com/patriot-announces-the-largest-lithium-pegmatite-resource-in-the-americas-at-cv5-corvette-property-
quebec-canada/
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 dependence 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.