BK2P, WKN: A2QENP OTC: GBMIF) advises that it has received TSX approval to the property acquisition
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
Email: [email protected]
Website: www.greenbatteryminerals.com
PRESS RELEASE
July 27, 2023 - Vancouver, BC – GREEN BATTERY MINERALS INC. (the “Company”) (TSX-V: GEM, FSE:
BK2P, WKN: A2QENP OTC: GBMIF) advises that it has received TSX approval to the property acquisition
agreement dated February 23, 2023. The Company entered into an agreement with Michel Robert and Hugh Oswald
(the “Vendors”) to option 1,1622.30 hectares of mineral claims semi -contiguous to the Berkwood Graphite Project
(“Berkwood”) located in Northern Quebec in c onsideration for the issuance of a warrant to purchase up to 613,000
common shares, exercisable at the price of $0.09 per share for three years. The Vendors are arm’s length to the
Company. No finder’s fee is payable. The securities to be issued will have a four month plus one day hold period
from issuance.
These claims are semi-contiguous to the Companies Berkwood Project and in the same graphite bearing geological
formation which contain graphitic outcrops. The Berkwood Project is based on the concept of mining shallow
contiguous graphite deposits and outcrops. The newly acquired claims also have similar and geophysical features as
Berkwood and sampling has already produced high-grade Graphite at surface. The properties are road accessible with
excellent infrastructure nearby.
In addition, the Company has received TSX approval to the property option agreement enter into on May 3, 2023 with
Contigo Resources Ltd. known as the Juniper Property. In consideration for the option, the Company agreed to pay
$50,000 within 5 days of signing (paid) and an additional $250,000 before October 21, 2024. Further, the Company
has agreed to incur (1) $100,000 of work expenditures by December 31, 2023; and (2) an additional $500,000 by
October 21, 2024. Contigo Resources will retain a 2% NSR, 1% of which can be reduced for $1,500,000 any time
prior to commercial production. Contigo Resources Ltd. is arm’s length to the Company. No finder’s fee is payable.
On Behalf of the Board of Directors
GREEN BATTERY MINERALS LNC.
Thomas Yingling
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
[email protected] www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the
drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to
note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward -looking statements.
Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further
expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our
claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, mar kets, products
and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any
minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise suf ficient funds to carry
out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis
for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. No assurance can be given that
any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
These forward -looking statements reflect management’s current views and are based on certain expectations, es timates and assumptions, which
may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policie s of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.