Battery Mineral Resources Corp. Announces Virtual Annual General Meeting of Shareholders and Provides Update with Respect to Private Placement

Battery Mineral Resources Corp. Announces Virtual Annual General Meeting

of Shareholders and Provides Update with Respect to Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION

DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, British Columbia – (June 18, 2021) – Battery Mineral Resources Corp.

(TSXV: BMR) (" Battery" or the " Company") is pleased to announce that the

Company will be holding its annual general of its shareholders at 3 p.m. (Pacific Time)

on Wednesday, June 30, 2021 (the "2021 AGM"). Due to precautions related the

COVID-19 virus, the 2021 AGM will be held virtually only, via teleconference.

Shareholders of record as of May 26, 2021 are entitled to vote their common shares

of the Company ("Common Shares") at the 2021 AGM. The Company encourages

its shareholders to vote in advance of the 2021 AGM using the Voting Instruction

Form or the Form of Proxy included with the mailed meeting materials. Shareholders

are reminded that proxies must be received by 10:00 a.m. (Pacific Time) on

Wednesday, June 30, 2021. Copies of the meeting materials are available under

Battery’s SEDAR profile at www.sedar.com.

Concurrent with the completion of its acquisition of the Punitaqui Mine Complex on

May 28, 2021, the Company completed the first tranche of a private placement (the

"Private Placement "), pursuant to which the Company issued an aggregate of

21,156,074 Common Shares (" Common Shares "), comprising approximately

US$10.3 million of Common Shares at an issue price of US$0.5 2 per share and

approximately C$800,000 of Common Shares at an issue price of C$0.65 per share.

The Company is pleased to announce that a second tranche of 1,538,462 Common

Shares for additional proceeds of US$800,000 will be completed on or about June 24,

2021, for aggregate gross proceeds of US$11.1 million and C$800,000.

About Battery Mineral Resources Corp.

Battery is a multi-commodity resource company which provides investors with

exposure to the world -wide trend towards electrification . Battery is engaged in the

discovery, acquisition, and development of battery metals (cobalt, lithium, graphite,

nickel & copper), in North and South America and South Korea with the intention of

becoming a premier and sustainable supplier of battery minerals to the electrification

marketplace. Battery is the largest mineral claim holder in the historic Gowganda

Cobalt-Silver Camp, Canada and continues to pursue a focused program to build on

the recently announced, +1 million pound cobalt resource at McAra by testing over

50 high-grade primary cobalt silver-nickel-copper targets. In addition, Battery owns

100% of ESI Energy Services, Inc., a pipeline equipment rental and sales company

with operations in Leduc, Alberta and Phoenix, Arizona. Finally, Battery is currently

developing the Punitaqui Min e Complex, and pursuing the potential near term

resumption of operations at the prior producing Punitaqui copper -gold mine. The

Punitaqui copper-gold mine most recently produced approximately 21,000 tonnes of

copper concentrate in 2019 and is located in the Coquimbo region of Chile.

For further information, please contact:

Battery Mineral Resources Corp.

Martin Kostuik

Phone: +1 (604) 229 3830

Email: [email protected]

Additional Information

Scientific and technical information pertaining to the cobalt resource at McAra was

extracted from the Company’s NI 43 -101 “Technical report on Cobalt Exploration

Assets in Canada” dated as of May 26, 2020 with an effective date of March 31, 2020,

prepared by Glen Cole (P. Geo) of SRK Consulting (Canada) Inc.

The securities offered pursuant to the Private Placement have not been, and will not

be, registered under the U.S. Securities Act of 1933, as amended (the " U.S.

Securities Act") or any U.S. state securities laws, and may not be offered or sold in

the United States or to, or for the account or benefit of, United States persons absent

registration or any applicable exemption from the registration requirements of the

U.S. Securities Act and applicable U.S. state securities laws. This news release shall

not constitute an offer to sel l or the solicitation of an offer to buy securities in the

United States, nor shall there be any sale of these securities in any jurisdiction in

which such offer, solicitation or sale would be unlawful.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the

policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press

release.

Forward Looking Statements

This news release includes certain “forward -looking statements” under applicable

Canadian securities legislation. There can be no assurance that such statements will

prove to be accurate, and actual results and future events could differ materially from

those anticipated in such statements. Forward-looking statements reflect the beliefs,

opinions and projections of the Company on the date the statements are made and

are based upon a number of assumptions and estimates that, while considered

reasonable by the Company, are inherently subject to significant business, economic,

competitive, political and social uncertainties and contingencies. Many factors, both

known and unknown, could cause actual results, performance, or achievements to be

materially different from the results, performance or achievements that are or may

be expressed or implied by such forward-looking statements and the parties have

made assumptions and estimates based on or related to many of these factors. Such

factors include, without limitation, the ability of the Company to obtain sufficient

financing to complete exploration and development activities, risks related to share

price and market conditions, the inherent risks involved in the mining, exploration

and development of mineral properties, government regulation and fluctuating metal

prices. Accordingly, readers should not place undue reliance on forward -looking

statements. Battery undertakes no obligation to update publicly or otherwise revise

any forward -looking statements contained herein whether as a result of new

information or future events or otherwise, except as may be required by law.