Coniagas Initiates Global Feed First Strategy on Critical Minerals with SGS Québec

Coniagas Battery Metals Inc.

550 Burrard St. Suite 2900

Vancouver, B.C. V6C 0A3

Coniagas.com

Coniagas Initiates Global Feed First Strategy on Critical Minerals with SGS

Québec

Vancouver, BC – September 10, 2024 - Coniagas Battery Metals Inc. (“Coniagas” or the

“Company”) (TSX.V: COS) is pleased to announce the implementation of its collaboration

with SGS Québec, a global leader in metallurgical innovation and strategic resource

development. The initiative is aimed at developing a leading position in the critical minerals

sector by scaling up the technological capabilities of the Re-2Ox hydrometallurgical

process.

Global Feed First Strategy Highlights:

- Sourcing critical mineral feed stocks and concentrates globally

- Metallurgical testwork to be undertaken by SGS Québec using the Re-2Ox process

- Producing on-spec battery-grade materials

The collaboration with SGS builds on a series of engagements, and comprises two phases:

the first phase establishes a framework for metallurgical testing and strategic funding

pursuits, while the second phase focusses on funding strategy refinement and advancing

the Re-2Ox process to meet the needs of the rapidly growing electric vehicle (EV) markets.

The arrangement is based on an agreement signed with SGS May 15, 2024 and announced

in a news release May 21, 2024.

A Global Strategy

Our "feed first" strategy, which prioritizes securing reliable, long-term sources of critical

minerals, is a cornerstone of the Company's approach. By securing potential oƯshore

stockpiles and bringing them to Quebec for potential processing, Coniagas is not only

expanding its resource base but also ensuring a resilient and flexible supply chain that can

adapt to market demands.

In parallel, Coniagas is conducting extensive metallurgical testwork on the Graal deposit in

Quebec. This testwork is vital for advancing the Graal property towards production as well

as scaling up the Re-2Ox process and aligns with the company’s strategy of integrating

global resources with local expertise to drive innovation.

Frank Basa, President and CEO of Coniagas, stated, "Our collaboration with SGS is a

key part of our strategy to create a vertically integrated supply chain that supports the

entire battery metals ecosystem. We are ensuring that our Re-2Ox process is versatile,

scalable, and ready to meet the needs of not just the EV market, but also other

industries that are driving toward a net-zero future. This global approach strengthens

our position and aligns perfectly with our 'feed first' strategy."

Qualified Person

The technical information in this news release was reviewed and approved by Matthew

Halliday, P.Geo., member of the Ordre des Géologues du Québec, who is a Qualified

Person in accordance with National Instrument 43-101.

About Coniagas Battery Metals Inc.

Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nickel,

copper, cobalt, and platinum group metals in Québec. The Company's strategy aims to

generate shareholder value by developing its mineral assets and constructing an advanced

processing plant, positioning Coniagas as a potential key supplier for the electric vehicle

(EV) industry.

Graal Project: Strategic Resource Development

The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential

through extensive geophysical surveys and shallow drilling. It has identified high-grade

nickel and copper mineralization, with showings of cobalt, platinum, and palladium, along

a 6 km strike length at shallow depths potentially suitable for open-pit mining. Upcoming

activities include further drilling, metallurgical testing, and consultations with First

Nations, culminating in a NI 43-101 resource report. The NI 43-101 Technical Report Graal

Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada, dated January 17, 2024,

provides detailed project information.

Long-Term Vision and Commercialization Strategy

Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process

for the extraction and production of cleaner, low-carbon, battery-grade materials. This

innovative process eliminates the need for traditional smelting, significantly reducing the

environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM

production initiatives, Coniagas is positioning itself as a potential player in the future of the

EV industry. For more information, visit the Company’s website.

“Frank J. Basa”

Frank J. Basa, P . Eng., Professional Engineers Ontario

Chief Executive OƯicer

For further information, contact:

Frank J. Basa, P . Eng. Ontario

Chief Executive OƯicer

416-625-2342

or:

Wayne CheveldayoƯ, Corporate Communications

P: 416-710-2410

E: waynecheveldayoƯ@gmail.com

You can follow Coniagas on Social Media:

LinkedIn: https://www.linkedin.com/company/coniagas-battery-metals/

X (Twitter): https://twitter.com/coniagasmetals

Facebook: https://www.facebook.com/coniagas/

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or

accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. (“Coniagas” or the

“Company”) which include, but are not limited to, comments that involve future events and conditions, which are subject

to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement

referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral

property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will

be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially

from those statements. General business conditions are factors that could cause actual results to vary materially from

forward-looking statements. The Company does not undertake to update any forward-looking information in this news

release or other communications unless required by law.