GEM NR Zone 6 Prelim Results 20221003 Page 1
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 (“GEM”) ACQUIRES ADDITIONAL
GRAPHITE BEARING CLAIMS TO EXTEND THE BERKWOOD
GRAPHITE PROJECT.
VANCOUVER, BRITISH COLUMBIA – February 23rd, 2023 GREEN BATTERY
MINERALS INC. (the “Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC:
GBMIF) is pleased to announce the acquisition of 1,1622.30 hectares of mineral claims semi-
contiguous to the Berkwood Graphite Project (“Berkwood”), located in Northern Quebec. In
consideration for 100% interest in the new claims, the Company has agreed to issue to the
property vendor a warrant to purchase up to 613,000 common shares, exercisable at the price of
$0.09 per share for three years from the approval date. This is an arm's length transaction, and
there are no finders' fees payable. The terms of this transaction are subject to regulatory
approval. The securities to be issued will be legend with the required four months plus one day
from issuance.
GEM NR Zone 6 Prelim Results 20221003 Page 2
Table 1: New Claims List.
The Company purchased these new claims as they are semi -contiguous to the Companies
Berkwood Project. The Berkwood Project features multiple graphite deposits and outcrops. The
newly acquired claims also have similar geol ogical and geophysical features as Berkwood, and
sampling has produced high-grade Graphite at the surface. The properties are road accessible with
excellent infrastructure nearby.
Tom Yingling, President and CEO of Green Battery, states, “I am pleased to announce the
acquisition of these new Graphite claims, as 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
NTS Grid Range Column Area (Hec) Claim ID Start Date End Date
SNRC 22N02 5 2 54.15 2706514 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 5 3 54.15 2706515 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 5 4 54.15 2706516 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 5 5 54.15 2706517 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 15 2 54.05 2706520 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 15 3 54.05 2706521 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 15 4 54.05 2706522 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 15 5 54.05 2706523 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 15 6 54.05 2706524 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 16 2 54.04 2706525 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 16 5 54.04 2706526 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 16 6 54.04 2706527 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 16 7 54.04 2706528 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 17 6 54.03 2706529 18-01-23 0:00 17-01-26 23:59
SNRC 22N02 9 3 54.11 2706707 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 9 4 54.11 2706708 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 2 54.08 2706709 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 3 54.08 2706710 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 4 54.08 2706711 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 5 54.08 2706712 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 11 54.08 2706713 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 12 14 54.08 2706714 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 4 54.07 2706715 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 5 54.07 2706716 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 6 54.07 2706717 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 7 54.07 2706718 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 11 54.07 2706719 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 12 54.07 2706720 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 13 54.07 2706721 19-01-23 0:00 18-01-26 23:59
SNRC 22N02 13 14 54.07 2706722 19-01-23 0:00 18-01-26 23:59
30 claims 1,622.30 hectares
GEM NR Zone 6 Prelim Results 20221003 Page 3
our Berkwood Graphite project. The Company has a 43- 101 Graphite resource estimate of
indicated and inferred of 3.2 million tonnes on its Berkwood Graphite project, and these new
claims are semi-contiguous to it.”
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 Battery 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.
The current mineral res ource 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.
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
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling‘
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
GEM NR Zone 6 Prelim Results 20221003 Page 4
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, competiti ve, 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 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, 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.