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GEM NR Zone 6 Prelim Results 20221003 Page 1

Corporate Updates

GEM NR Zone 6 Prelim Results 20221003 Page 1

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

GREEN BATTERY MINERALS COMPLETES 2ND DRILLING PROGRAM AT

ZONE 6 OF THE BERKWOOD GRAPHITE PROJECT.

VANCOUVER, BRITISH COLUMBIA – Vancouver, British Columbia, | Oct . 6th, 2022 – Green

Battery Minerals Inc. (the "Company") (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is

pleased to provide initial results from twenty (20) diamond drill holes that were completed as

part of the Company’s successful second phase of drilling on the newly discovered Zone 6 area

at the Berkwood Graphite Project, situated 280 km north of Baie-Comeau, Quebec.

A total of 20 exploratory drill holes were completed for a total of 2,058m. Seven of the twenty

holes intersected significant graphite enrichment contiguous with previous drill results,

extending the initial strike length of the Graphite enrichment horizon to 350 m along the

southern limb.

Highlights intersections from initial assay results:

• BK6-22-21 intersected 16.5 m of graphite enrichment from 35.7 m to 52.2 m for a total

of 16 samples submitted, (See figure 2 below).

• BK6-22-17 intersected 3.5 m of graphite enrichment from 44.4 m to 47.9 m, and 8.6 m

of graphite enrichment from 53.1 m to 61.7 m for a total of 12 samples submitted.

• BK6-21-24 with 2.8 m graphite enrichment from 64.5 m to 67.3 m for a total of 3

samples submitted.

GEM NR Zone 6 Prelim Results 20221003 Page 2

Newly Staked Claims

Green Battery Minerals is also very pleased to announce it has acquired additional claims

adjacent to the zone 6 area. In total 16 new claims amounting to 866 Ha was staked on behalf of

Green Battery Minerals to cover additional prospective areas with geophysical anomalism

surrounding the core of the claims at Zone 6.

Tom Yingling, President and CEO of Green Battery, states, “I am very pleased wit h these initial

results to date. We were successful in intersecting Graphite in 18 of the 20 holes drilled. Initial

results show the mineralization to be continuous along strike for a length of approximately 350

m (1,150 feet) so far, and still open.”

“The 2022 drill program at Zone 6 was an exploration program designed to discover and expand

upon potential graphite resources, and better understand the geology that controls the graphite

enrichment. Our goal is to add to the proven resource we already have on Zone 1 ( see news

release dated July 15th, 2019), and we plan to do so by continuing with step-out and infill drilling

on both Zone 1 and Zone 6. I am pleased to say that the Company also has numerous other

outcropping graphite zones sampled that we still need to drill. In addition, management is very

pleased to have expanded zone 6 by adding the new contiguous claims.

Benchmark Minerals Intelligence, one of the world’s leading battery element resource sources,

says the world will need an estimated 97 natural flake graphite mines to meet the required

demand by 2035.”

GEM NR Zone 6 Prelim Results 20221003 Page 3

Figure 1: 2022 drillhole location plan and mapped/surface projected intersections of graphite enrichment at Zone 6.

The 2 nd Phase of drilling was successful in delineating along strike continuation of graphite

enrichment along the southern limb of the host antiform fold structure. Initial results show the

mineralization to be continuous along strike for a length of approximately 350 m.

Approximately 100 narrow intersections of graphite enrichment (both massive and

disseminated) were encountered in a total of 18 of the 20 holes completed. These intervals

ranged in thickness from 0.5 to 4 m in length and often identified new (unknown) zones of

graphite enrichment, of these a total of 24 were greater than 1 m with observed massive graphite

enrichment.

Table 1: Summary of Zone 6 significant graphite enrichment intercepts.

HOLE-ID FROM (m) TO (m)

LENGTH

LITHOLOGY

(m)

BK6-22-13 30.43 33.55 3.12 massive graphite enrichment

BK6-22-14 54.66 57.41 2.75 massive graphite enrichment

BK6-22-17 44.36 47.9 3.54 massive graphite enrichment

BK6-22-17 53.14 61.73 8.59 massive graphite enrichment

BK6-22-19 58.9 61.13 2.23 massive graphite enrichment

BK6-22-21 35.65 52.15 16.5 massive graphite enrichment

GEM NR Zone 6 Prelim Results 20221003 Page 4

BK6-22-22 16.1 17.7 1.6 massive graphite enrichment

The above intervals are drilling lengths, not true widths, because the true orientation of the

enrichment horizons has not yet been established.

The 2022 drilling focused on the outcrops 1 to 3 along the southern limb, and outcrop 4 at the

‘fold nose’ are a. Intersections in holes 32 and 13 successfully extended the westward strike of

graphite enrichment by approximately 100 m – open to the west . Intersections in holes 14, 15,

17, 16, 20, and 18, extended the enriched horizon to the east connecting it with the Outcrop 3

area, where the thickest intersection were encountered in hole 21. Additional intersections in

the neighbouring holes 22, and 24 appear to show local folding and replication of the enriched

horizon within the antiform which hosts the graphite enriched horizon.

The results from the drilling show a complex fold interference pattern across the zone 6 area.

The diamond drilling program was completed with oriented core allowing the collection

important structural data to aid in interpretation of the spatial extent and controls on the

enrichment horizon. Interpretations are currently underway to better understand the fold

geometry at the zone 6 area, and to understand controls on localised replication of the

enrichment horizon as identified at the outcrop 3 area.

GEM NR Zone 6 Prelim Results 20221003 Page 5

Figure 2: Drill Core from BK-22-21, A) Graphite enriched zone from 35.6 to 52.2 (16.6m length), B) inset; a selected example of

coarse flake graphite enrichment encountered between 40 – 43 m.

Drilling at the outcrop 4 area structure encountered numerous variably thick intersections of

graphite enrichment where shallow dips exposed large areas of outcropping graphite at surface.

Oriented core measurements are currently being interpreted to resolve the comp lex fold

interference pattern which controls the spatial distribution of graphite enrichment at the nose

of the antiform area.

Table 1: Summary of Phase 1 drill hole locations and down hole specifications.

HOLE-ID EASTING NORTHING ELEVATION LENGTH AZIMUTH DIP

(UTM NAD 83) (UTM NAD 83) (m AMSL) (m) (degree) (degree)

BK6-22-13 487541.4 5651554 453.222 76 0 -50

BK6-22-14 487561.5 5651503 466.151 109 0 -60

BK6-22-15 487564.7 5651503 468.909 109 30 -50

BK6-22-16 487655.3 5651496 497.037 109 0 -50

BK6-22-17 487653.9 5651493 497.177 109 315 -50

BK6-22-18 487656.9 5651503 497.646 109 45 -50

BK6-22-19 487664.8 5651471 496.96 109 0 -50

BK6-22-20 487662.9 5651472 496.978 107 335 -45

BK6-22-21 487784 5651541 541.985 70 0 -90

BK6-22-22 487813.2 5651525 544.228 109 315 -50

BK6-22-23 487822.1 5651500 543.868 109 0 -50

BK6-22-24 487819 5651499 543.528 109 315 -50

GEM NR Zone 6 Prelim Results 20221003 Page 6

BK6-22-25 487889.7 5651533 555.213 124 320 -50

BK6-22-26 487933.3 5651649 584.392 109 90 -50

BK6-22-27 487932.2 5651648 584.74 19 312 -50

BK6-22-28 487923.7 5651649 584.511 142 300 -45

BK6-22-29 487912.7 5651721 585.721 109 75 -45

BK6-22-30 487918.4 5651706 585.764 109 180 -45

BK6-22-31 487548.9 5651563 452.452 109 45 -45

BK6-22-32 487462.5 5651548 425.72 103 15 -50

QA / QC Comments

179 diamond drill core samples of sawn core have been collected from core lengths usually

varying from 0.3 to 1.50 m depending upon geological and mineralogical constraints. Every tenth

sample, a QAQC measure was entered in the sample submission in the order of standard-blank-

standard-duplicate. The standard selected is OREAS 723; a certified reference material containing

5.87% TGC (Total Graphitic Carbon).

Samples were delivered to MSALABS in Langley, British Columbia, an ISO accredited laboratory.

There they were crushed to a nominal minus 2 mm, split into representative sub- samples and

then pulverized to at least 85% minus 75 microns before collecting sub-sample pulps for each of

the core samples.

All sub -sample pulps were analysed for both Total Carbon + Total Sulphur (SPM -512) and

Graphite Carbon (SPM -140). The Graphite Carbon analysis process involves the sample to be

ashed, leached, and the residue measured by induction. The detection range for this analysis is

between 0.02-50%, while the SPM-512 detection limit for both Carbon and Sulphur is 0.01-50%.

About the Berkwood Graphite Project

The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan

Regional County Municipality, three hours driving time from the city of Baie-Comeau. Easy access

is provided via a major secondary road and numerous tertiary and forest roads that traverse the

property.

The Zone 1 deposit lies 8 km southwest of Mason Graphite’s deposit which is the subject of a

current feasibility study. The Company believes its Zone 1 deposit and that of Mason share many

similar geological characteristics with the Zone 1 deposit being one of the highest-grade graphite

deposits in the world.

The current mineral resource at the Berkwood Graphite Project includes in- pit constrained

resource totalling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes

in inferred resources at 16.39 % Cgr.

GEM NR Zone 6 Prelim Results 20221003 Page 7

Table 2: In-pit Resource at Lac Gueret South Project (rounded numbers)

The mineral resource estimates above are described in the technical report entitled, NI 43 -101

Technical Report Mineral Resource Estimate on the Lac Gueret South Graphite Property, Quebec,

Canada. With an Effective date of June 19th, 2019, dated June 30th, 2019, by Edward Lyons, PGeo.,

Florent Baril, ing., and Claude Duplessis, ing. Link to Report:

https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf

Qualified Person: Luke van der Meer (P.Geo) is a Qualified Person (“QP”) as defined by National

Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this

news release.

About the Company: Green Battery Minerals is managed by a team with over 150 years of

collective experience with a proven track record of not just finding numerous mines but building

and operating them as well. The Green Batte ry Minerals management team’s most recent

success is discovering the Berkwood graphite deposit in Northern Québec. Green Battery

Minerals owns 100% of this asset and the Company’s shareholders will benefit from this asset as

the demand for graphite for electric vehicles increases significantly.

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:

GEM NR Zone 6 Prelim Results 20221003 Page 8

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 m ay 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, markets, 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 sufficient 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 c ompleted 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 obtai n from them. These forward- looking statements reflect management’s

current views 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.