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BlueBird Drills New Ni-Cu-Co Mineralization in First Hole of Program with Targets Over a 5 km Length at its Canegrass Project in Western Australia

Drill Results

200 Burrard Street, Suite 1680 

Vancouver, British Columbia, V6C 3L6 

Tel: (604) 678‐5308  

www.BlueBirdbatterymetals.com 

BlueBird Drills New Ni-Cu-Co Mineralization in First Hole of Program with

Targets Over a 5 km Length at its Canegrass Project in Western Australia

Vancouver, British Columbia, October 15, 2018 – BlueBird Batter y Metals Inc. (TSXV:

BATT; US:BBBMF) (the “Company” or “BlueBird”) is pleased to announce that the first hole

of the Phase One exploration program at the Company’s Canegrass Project in Western Australia

encountered new Ni-Cu-Co mineralization. BBRC001 is the first h ole of 10 drilled over a 5 km

length targeting electromagnetic anomalies. This discovery is the highest grade result to date from

the Canegrass Project with results tabled below. Further holes were drilled at targets located 2,000

meters to the southwest and 5,000 meters to the south along an interpreted mineralized mafic-

ultramafic complex with results pending.

Discovery Hole BBRC001 intersected:

12.0 m (1) averaging 1.17% Ni, 0.93% Cu, 0.05% Co, 0.76% V2O5, 0.40 g/t Pt and 0.51 g/t Pd

Including

6.0 m (1) averaging 1.40% Ni, 0.96% Cu, 0.06% Co, 0.94% V2O5, 0.48 g/t Pt and 0.60 g/t Pd.

The mineralized zone, intersected from 66.0 m to 78.0 m , consisted of magnetite-rich gabbro-

norite host with 20-40% pyrrhotite, disseminated chalcopyrite, chromite and pentlandite.

(1) The results reported above are measured downhole and are not true width. There is insufficient information at this time

to determine the true width of the mineralized zone.

Gary Nassif, President of Bluebird, comments : “We are very pleased with the results of our

initial drill hole at our flagship Canegrass Project in Western Australia. Not only did it return the

highest tenor Ni-Cu-Co mineralization to date but it also increa sed the strike extent of Ni-Cu-Co

mineralization by over 2,000 metres, confirming our belief that the Cane grass Property, and the

Windimurra Intrusive Complex, offers significant potential for the discovery of magmatic nickel-

copper sulphide mineralization. We have comp leted the initial drill program and are currently

focused on getting the remaining holes analyzed as quickly as possible. Our Phase One program

included both ground-based geophysics over select VTEM targets as well as down-hole electro-

magnetic surveys of historical drill holes and the completed Phase One drill holes. Our

exploration team plans to evaluate the results of the geophysics in conjunction with the results of

the initial drilling to isolate follow-up drill targets.”

The Phase One drill program consisted of 10 drillholes and 1,85 6.3 metres targeting a series of

airborne VTEM anomalies identified along the 5.0 km trend. (Ref Table 1)

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Table 1 Phase One Drill Program Drill Locations

HoleID Easting Northing Elev (m) Dip° Azimuth° Depth (m) Target

BBRC001 649465 6847630 482.72 -70 90 102 VTEM-08

BBRC002 649390 6847630 482 -60 90 121 V 2O5

BBRC003 649310 6847630 480 -60 90 85 V 2O5

BBRC004 649230 6847630 482 -60 90 84 V 2O5

BBRC005 649150 6847630 485 -60 90 85 V 2O5

BBDD001 649245 6847850 483.37 -70 90 178.1 VTEM-06

BBDD002 648455 6846355 464 -70 90 301 CG039

BBDD003 647490 6843170 467.4 -60 90 250.1 CG02

BBDD004 647404 6843280 465.1 -60 90 319 CG02

BBDD005 647340 6843350 463.75 -60 90 331.1 CG02

Assays are pending for holes BBRC002 to BBRC05 and BBDD001 to BBDD005.

The Phase One drill program had two primary objectives: evaluat ion of priority airborne and

ground-based electromagnetic anoma lies and the evaluation of ne ar-surface vanadium (“V2O5”)

mineralization identified by hist orical operators. A total of t en holes were completed with five

reverse circulation holes drilled at airborne anomaly VTEM-08 (Ref. Figures 1 and 2). This fence

of drill holes was planned to evaluate both nickel-copper-cobal t (“ Ni-Cu-Co”) potential

interpreted as the cause of the VTEM anomaly as well as an exte nsive V2O5 rock geochemical

anomaly based on whole-rock surface sampling conducted by histo rical operators (Ref. Figure 2

and 3).

The remaining five holes of the Phase One program were diamond drill holes targeting electro-

magnetic anomalies interpreted as being the result of Ni-Cu-Co mineralization and following up

on historical drill results reported by Flinders Mines Ltd (“Flinders”) in 2014.

BBRC001 targeted an airborne VTEM anomaly identified as VTEM-08 , located approximately

2,000 metres northeast of CG039 (R ef. Figure 1) where historica l drilling by Flinders (2014)

intersected 13.0m averaging 0.91% Ni, 0.58% Cu and 0.08% Co in hole CPRC0004.

Ni-Cu-Co mineralization has now been identified at three VTEM a nomalies over a 5,000-metre

strike length (Ref. Figure 1).

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Figure 1: Canegrass Property – Regional Geology with VTEM ™ Anomalies

Figure 2: RC Drillhole Section

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Figure 3: Canegrass Property – High Resolution Airborne Magnetics with Historical V2O5

Surface Rock Chips

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Figure 4: Western Australia – Property Location Map

About Canegrass Project:

The Canegrass Project in Western Australia (Ref. Figure 4) covers 4,200 hectares within a highly

prospective geological setting, where historical exploration drilling intersected anomalous Ni-Co-

Cu mineralization at two locations within the property footprint. Airborne VTEM TM identified 14

geophysical anomalies in 2013. Historical drilling in 2014 at two of the identified targets (CG-02

and CG-039), intersected anomalous Ni-Co-Cu mineralization in 9 of 10 holes. Downhole EM

surveys identified off-hole anom alies that have been confirmed by recent surface EM surveys

completed earlier this year. The Company’s initial drill progra m targeted off-hole anomalies at

CG-02 and CG-039 targets, surface EM anomalies at targets VTEM-08 and VTEM-06 and 4.5 km

long zone of historical, surface rock chip samples that returne d V2O5 grades in excess of 1.0%

(Refer to Figure 1).

On August 7, 2018, the Company reported the results of surface rock chips collected at VTEM-08

during the cultural survey of the planned drill sites, returning anomalous vanadium, titanium and

iron values. The results fell within a broad, elongate, V 2O5 surface anomaly defined by historical

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rock chip samples (Refer to Figure 3 for additional information and please refer to press release

dated August 7th, 2018).

QA/QC

The Phase One drilling was contracted to DDH1, an independent A ustralian drilling contractor.

DDH1 utilized a Sandvik DR 1200 truck-mounted, multipurpose dri ll. The multipurpose drill is

capable of drilling both reverse circulation and diamond core holes or a combination of both with

a reverse circulation pre-coll ar and a diamond core tail. Rever se circulation drilling completes a

140-mm diameter hole. All core drilling is NQ diameter core.

S u p e r v i s i o n o f t h e P h a s e O n e d r i l l p r o g r a m w a s c o n t r a c t e d t o N ewexco Services Pty Ltd.

(“Newexco”), an independent consulting mine ral exploration company based in Perth, WA.

Reverse circulation drilling wa s sampled on 1.0-metre intervals . Representative chip trays were

generated for each 1.0-metre interval. The chip trays were logged for lithology, mineralization and

alteration. Samples for analysis were collected on the same 1.0 -metre intervals under the

supervision of Newexco’s lead geologist at site. The samples we re placed in sealed sample bags,

numbered and labeled and forwarded to Intertek Genalysis (“Intertek”) for assay. Intertek is ISO

9001/140001-certified.

Core was transported from the drill station to a core logging f acility at site where it is,

photographed, logged for geotechnica l and geological data and s ubjected to other physical tests

including magnetic susceptibility. Samples are identified, reco rded and marked for splitting.

Diamond core samples are determined by geological contacts with a minimum sample length of

0.25 m and a maximum sample length of 2.0 m. The marked core is stored on pallets until shipment

to Intertek’s analytical facility in Perth can be arranged via independent, bonded carrier. Intertek

receives the marked-up core and it is split by wet diamond saw. Half the core is sent for analysis

with the remaining half stored at Intertek until shipment back to the site can be arranged.

Newexco supervises the insertion of Certified Reference Materia ls at an insertion rate of one per

fifty samples.

The reverse circulation and split core samples transported to Intertek’s sample preparation facility

in Perth. All assaying is performed at Intertek in Perth. Gold, platinum and palladium are assayed

using a 50g fire assay with ICP-MS finish. In addition, all samples are analyzed using a Four-Acid

– 48 element analysis and X-ray fluorescence spectroscopy.

The technical content of this news release has been reviewed an d approved by Wes Hanson,

P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101.

About BlueBird Battery Metals

BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is a Canadian publicly listed company

focused on the exploration and development of strategic battery metals projects, primarily

vanadium, cobalt and nickel. BlueBird’s goal is to pursue a bus iness model that offers direct and

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long-term leverage to the price appreciation in nickel and coba lt, two principal materials in EV

batteries. The Company plans to become a leader in the battery metals sector, as cobalt is currently

in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with

extraordinary potential. BlueBird is advancing its portfolio of battery metals focused assets in

Western Australia and is current ly reviewing new acquisition op portunities to add to the

Company’s project portfolio.

On Behalf of the Board of BlueBird Battery Metals Inc.

Nav Dhaliwal

CEO

For more information, please contact 1-855-584-0160 or [email protected].

This news release may contain or refer to forward-looking information based on current expectations, including, but

not limited to the Company exploring the Canegrass Ni-Co-Cu Property and the impact on the Company of these

events, including the effect on the sh are prices. Forward-looki ng information is subject to significant risks and

uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided

as of the date hereof and we assume no responsibility to up date or revise such information to reflect new events or

circumstances.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is

defined in the policies of the TSX Ve nture Exchange) accepts responsibility for the adequacy or accuracy of this

release.