FCI.V · 2023-11-23 12:00:00

Green Battery Minerals Defines Zone-3 targets at its Flagship Berkwood Graphite Project in Quebec.

Exploration Programs

2023November23

1 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

Green Battery Minerals Defines Zone-3

targets at its Flagship Berkwood

Graphite Project in Quebec.

November 23rd, 2023 VANCOUVER, B.C. Green Battery Minerals Inc. (" Green" or the

"Company") (TSX -V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to

announce that it has completed prospecting and MAG/EM ground surveys using beep-mat at the

underexplored Zone 3 prospect at its Berkwood Graphite Project in Quebec. The work has further

defined the prospect and has crystallized compelling targets for further exploration.

Zone 3 Highlights

• Zone 3 comprises 12 mineral claims for a total of 604.6 Ha and is road accessible via

gravel forestry service roads that crisscross the project area;

• Zone 3 is strategically located 6 km from the Lac Guéret property JV of Nouveau Monde

Graphite and Mason Graphite;

• 1.4 km strike length EM conductivity anomaly with potential for a further 1 .6 km

extension along a prospective interpreted fold hinge;

• Historical drilling of coarse flake graphite at LG-13-04N included 22.0 m @ 20.91% CG

(from 4.40 m in depth) and a secondary zone of 4.50 m @ 7.78% CG (from 74.25 m).

Zone 3 Exploration Target

Zone 3 is strategically located 6 km from the Lac Guéret property JV, a collaboration between

Nouveau Monde Graphite and Mason Graphite. Green Battery Minerals recently consolidated

claims covering the Zone 3 prospect to secure the core of the conductive anomaly where historical

drilling intersected high-grade graphite.

The prospect was initially identified in 2003 by SOQUEM and has emerged as a promising

electromagnetic (EM) target that has remained underexplored. Zone 3 shares key characteristics

with the neighboring Lac Guéret property and the Company’s Zone 1 resource (Figure 1). The

2023November23

2 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

1.4 km by 200 m conductivity anomal y extends southward displaying an apparent fold structure

as the potential to thicken and concentrate graphite mineralization within hinge. Mapped thrust

faults bound the conductor which when combined with inferred folding imply favorable

conditions for thickening and thrust duplication of graphite mineralization (Figure 2).

Table 1: Assay results from LG-13-04N as described by Caron, Y., 2013(2 )GM 68992.

LG-13-04N 489939mE 5666044mN 589m Elev Dip/Azi -45 300

Sample ID From (m) To (m) Interval

(m)

Weight

(kg)

(%)

Graphitic

Cgr (%)

E5610261 4.4 6.4 2 5.84 13.7 13.3

E5610262 6.4 8.4 2 5.28 17.3 16.9

E5610263 8.4 10.4 2 4.64 23.5 23.2

E5610264 10.4 12.4 2 4.42 28.2 27.8

E5610265 12.4 14.4 2 4.88 23.8 23.6

E5610266 14.4 16.4 2 4.72 22.8 22.8

E5610267 16.4 18.4 2 4.88 22.7 22.7

E5610268 18.4 20.4 2 5 23.4 23.1

E5610269 20.4 22.4 2 5.16 20.5 20.4

E5610270 22.4 24.4 2 5.34 21 20.9

E5610271 24.4 26.4 2 5.36 15.5 15.3

E5610272 26.4 27.9 1.5 3.08 0.22 0.22

Composite 4.4 26.4 22 20.9

E5610274 72.75 74.25 1.5 2.3 0.87 0.81

E5610275 74.25 75.25 1 2.26 9.77 9.37

E5610276 75.25 76.25 1 2.12 9.22 8.86

E5610277 76.25 77.25 1 2.8 14 13.8

E5610278 77.25 78.75 1.5 3.3 2.37 1.99

Composite 74.25 78.75 4.5 7.78

Historical exploration involved mechanical excavation and drilling . High grade graphite

concentrations of up to 40-60% are reported for samples from two drillholes : however, records

for these holes are incomplete. Reliable exploration from drilling in 2013 confirm ed Zone 3

potential including the near surface 22.0 m @ 20.91% Cgr and 4.5 m @ 7.78% C gr detailed in

Table 1 below.

Tom Yingling, President and CEO of GEM, commented on the success of the field exploration

and the prospects generated at Zone 3, stating, "We are excited to focus on the exploration journey

at our under- explored Zone 3 Prospect, and are encouraged to expedite advancing Zone 3

exploration by the anchor results presented by historical drilling that includes 22.0 m @ 20.91%

graphite (“Cgr”) from surface!" Mr. Yingling continued, "The 2023 confirmation of subsurface

conductivity anomalism, coupled with historical results, including historical assays up to 27.8%

Cgr at shallow depths, underscores the high potential of Zone 3. Moreover, we've just scratched

2023November23

3 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

the surface at Zone 3, having explored only a small portion of the 3km anomalous trend. The

substantial area of the airborne geophysical anomaly presents an extensive target zone wherein

the 2023 ground geophysics defines two high interest conductive targets lineaments, one of which

is developed along strike from the high- grade historical drill intercept. In 2024 we will move

quickly to expose more outcrop and drill to validate the extent of graphite mineralization at Zone

3 with a view to adding resource at Zone 3 to the Zone 1 resource so as to define the basis for a

future hub and spoke graphite production project."

2023November23

4 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

Figure 1: Berkwood Graphite Project EM Conductivity anomalism and Land Package Zones,

Quebec.

2023November23

5 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

Figure 2: Green battery minerals projects at Zone 3, Zone 6 and Zone 1 scale comparison with

the Lac Guéret project (Cassoff et al., 2018) 3).

2023 Prospecting and EM Conductivity ground geophysics

In July 2023, Green Battery Minerals further defined targets at Zone 3 using ground MAG/EM

beep mat tool . Led by Laurentia Exploration the site investigations focused along strike from

historical workings and confirmed anomalies at nine locations and included definition of a 200m

strike extension northward from historical drillhole LG-13-04N (Figure 3).

Rock sampling was completed from exposed outcrop at three locations approximately 250 m

north of LG-13-04N. The localized natural clearing exposed coarse graphite outcrops which were

sampled along a continuous trend of 50 m along strike around 2004 trenching and drilling.

Laboratory results are pending and are expected to confirm the tenor of graphite mineralization

along the defined strike of the subsurface conductivity anomaly.

2023November23

6 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

Figure 3: Details of graphitic rock chip samples and conductivity anomaly locations at the Zone

3 prospect.

2023November23

7 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

Figure 4: A) Laurentia Exploration staff at exposed outcrops of Graphite at Zone 3, B)

Graphite chip samples, C) Exposed, oxidized graphite.

Next Steps

Building on the successful exploration strategy at Zone 1 and Zone 6, our next steps at Zone 3

will continue with systematic ground confirmation along conductor trends , leveraging our

successful approach from previous zones. The company intends to include stripping and channel

sampling to refin e the understanding of structural setting of those graphite- rich horizons. This

critical groundwork will pave the way for the next phase of exploration drilling: success at Zone

3 will complement the known resources at Zones 1 and 6 and move the Berkwood Project towards

a critical resource threshold which could support shallow mine development for coarse natural

graphite production.

Green Battery Metal Critical Minerals Property Portfolio:

• Berkwood Graphite Project – Quebec. Graphite Project

• Jupiter – Quebec. Lithium Pegmatite (LCT) prospect

• Stallion – British Columbia. Copper Porphyry, Epithermal Au+Ag prospect

• Boudrias – Quebec. Nickel Copper (PGE) prospect

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 resource lies 8 km southwest of Nouveau Monde’s deposit which has a $3.5 billion

NPV on it . The Companies Zone 1 resource, and that of Nouveau Monde, share many similar

2023November23

8 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705

# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740

geological characteristics, with the Zone 1 resource being of exceptionally high grade and coarse

flake size by global standards.

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.

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

Current Resources (as of June 17th, 2019)

Minerals Resources