BK2P, WKN: A2QENP OTC: GBMIF) updates shareholders as the progress of the property acquisition agreement dated F ebruary 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
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
June 27, 2023 Vancouver, BC – GREEN BATTERY MINERALS INC. (the “Company”) (TSX-V: GEM, FSE:
BK2P, WKN: A2QENP OTC: GBMIF) updates shareholders as the progress of the property acquisition agreement
dated F ebruary 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 consideration 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 Company has obtained conditional approval and is working towards closing the transaction. The Company will
update shareholders as events occur.
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.
Tom Yingling, President and CEO of Green Battery, states, “Our goal is to expand our Graphite property land
holdings in Quebec. These new claims have been added to the Company's land holdings because they are 100% owned,
road accessible, and have similar geological and geophysical features as our Berkwood Graphite project. The
Company has a 43-101 Graphite resource estimate of indicated and inferred of 3.2 m illion tonnes on its Berkwood
Graphite project, and these new claims are semi-contiguous to it.”
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 w ww.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 v iews and are based on certain expectations, estimates 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 policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.