LXM.V · 2018-11-29 12:00:00

BlueBird Intersects 1.33% Ni, 1.26% Cu and 0.10% Co over 4.90 metres at Canegrass, Extends Strike Length of Ni‐Cu‐Co Mineralization to 4.5 km

Drill Results

200 Burrard Street, Suite 1680

Vancouver, British Columbia, V6C 3L6

Tel: (604) 678‐5308

www.BlueBirdbatterymetals.com

BlueBird Intersects 1.33% Ni, 1.26% Cu and 0.10% Co over 4.90 metres at Canegrass,

Extends Strike Length of Ni‐Cu‐Co Mineralization to 4.5 km

Vancouver, British Columbia, Nov ember 29, 2018 – BlueBird Batte ry Metals Inc. (TSXV: BATT;

US: BBBMF) (the “Company” or “ BlueBird”) is pleased to announce results from the first five

diamond drillholes from the Company’s Phase One exploration pro gram at its 100%‐controlled

Canegrass Project in Western Australia.

Highlights and Observations:

 All holes during the Phase One drill program were targeting VTE M anomalies. The

diamond drill campaign consisted of 1,380 metres and all holes intersected Ni, Cu, and Co

grades extending the mineralization 4,500 metres along the magnetite‐rich gabbro‐norite

trend (Figure 1).

 BBDD001 targeted VTEM‐06 and intersected 1.20% Ni, 0.41% Cu and 0.10 % Co over 1.70

metres within a magnetite‐rich gabbro‐norite with two zones of massive to semi‐massive

sulphides. Mineralization consis ts of pyrrhotite, pentlandite, pyrite and minor

chalcopyrite within a broader zone of disseminated sulphides. T he mineralization occurs

within 100 m of surface.

 BBDD002 targeted VTEM anomaly CG‐039 which is approximately 2,500 metres south of

VTEM‐06 and intersected 1.33% Ni, 1 . 2 6 % C u , 0 . 1 0 % C o o v e r 4 . 9 0 metres within a

magnetite‐rich gabbro‐norite. Mineralization is within a large massive to semi‐massive

sulphide zone which includes pyrrhotite, pentlandite, pyrite, and chalcopyrite (Figure 2).

 BBDD003 to BBDD005 were designed to verify historical, anomalous Ni‐Cu‐Co

mineralization towards the southern edge of the claim at VTEM target CG‐02. The 3

diamond drillholes intersected multiple thin mineralized pyroxen i t e z o n e s c o n t a i n i n g

disseminated to semi‐massive lenses of chalcopyrite, pyrite, magnetite, and pentlandite.

Table 1: Significant Assay Results BBDD001 to BBDD005

Hole ID From (m) To (m) Interval (m) Ni (%) Cu (%) Co (%) Targe t

BBDD001 142.96 144.66 1.70 1.20 0.41 0.10 VTEM‐06

Including 144.09 144.66 0.57 3.07 0.62 0.24

BBDD002 243.15 257.40 14.25 0.69 0.82 0.05 CG‐039

Including 250.80 255.70 4.90 1.33 1.26 0.10

BBDD003 225.80 227.00 1.20 0.48 0.98 0.06 CG‐02

BBDD004 275.00 279.00 4.00 0.25 0.41 0.05 CG‐02

Including 277.85 279.00 1.15 0.37 0.70 0.08

BBDD005 255.70 263.00 7.30 0.14 0.31 0.02 CG‐02

Including 256.75 257.15 0.40 0.50 1.51 0.06

(1) The intervals noted in the above Table are measured downhole and are not true width. There is insufficient information at this time to determine

the true width of the mineralized zone.

(2) Platinum and palladium assay results are pending.

Gary Nassif, President of Bluebird, comments : “The latest drill results continue to demonstrate

the potential for a significant magmatic nickel copper sulphide discovery at Canegrass. We have

now established anomalous, potentially economic Ni‐Cu‐Co mineralization over a 4,500‐metre

strike length and our latest drilling suggests that the mineral ization extends continuously from

surface to depths greater than 250 metres. Furthermore, results from the current drill program

suggest that the tenor of the Ni‐Cu‐Co mineralization is improving at depth. Our Phase One

program is now complete and we are currently evaluating the res ults and prioritizing follow‐up

targets for subsequent drill programs.”

Figure 1: Canegrass Property – Regional Geology with VTEM Anomalies and Significant Drill

results

Figure 2: Canegrass Property – CG039 Target Drill Section looking North

About Canegrass Project:

T h e 4 , 2 0 0 ‐ h a p r o j e c t i s l o c a t e d w i t h i n t h e W i n d i m u r r a C o m p l e x , an ultramafic‐mafic layered

intrusion that is highly prospective for Ni‐Cu‐Co and vanadium mineralization in the Mt. Magnet

district of Western Australia. Historical exploration drilling intersected anomalous Ni‐Cu‐Co

mineralization at two locations within the property footprint and Airborne VTEMTM identified 14

geophysical anomalies in 2013. Drilling in 2014 at two of the i dentified targets (CG‐02 and CG‐

039) intersected anomalous Ni‐Cu‐Co mineralization in 9 of 10 holes. Downhole electromagnetic

(“EM”) surveys identified off‐hole anomalies that have been conf i r m e d b y r e c e n t s u r f a c e E M

surveys completed earlier this year. The Company’s 2018 Phase O ne drill program targeted off‐

hole anomalies at CG‐02 and CG‐039 and surface EM anomalies at targets VTEM‐08 and VTEM‐

06. In addition, surface rock chip sampling of the magnetite‐ri ch gabbro‐norites in the northern

half of the property has identified a 4.5‐km long anomalous zone of vanadium mineralization

with over 300 samples returning grades in excess of 1.0% V2O5.

QA/QC

BlueBird’s exploration programs are supervised by Qualified Persons responsible and accountable

for the planning, execution and interpretation of all exploration activity. BlueBird has quality

assurance and control systems (QA/QC) in place to ensure that NI 43‐101 and industry best

practices are followed for drilling, sampling, analysis and rep orting. Please refer to the QA/QC

section of Bluebird’s press release dated October 15, 2018 for details on the current protocols in

place.

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

P.Geo., a director of the Company and a Qualified Person pursua nt 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 cobalt and

nickel. BlueBird’s goal is to pursue a business model that offers direct and long‐term leverage to

the price appreciation in nickel and cobalt, two principal materials in EV batteries. The Company

plans to become a leader in the battery metals sector, as cobal t 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 metal s‐focused assets in Western

A u s t r a l i a a n d i s c u r r e n t l y r e v i e w i n g n e w a c q u i s i t i o n o p p o r t u n i ties to add to the Company’s

project portfolio.

On Behalf of the Board of BlueBird Battery Metals Inc.

Nav Dhaliwal

Chief Executive Officer

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 achie ving success in exploring its p roperties and the impact on the Company of these

events, including the effect on its share price. Forward‐lookin g 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 update or revise such information to reflect new events or

circumstances. References to other issuers with nearby projects is for information purposes only and there are no

assurances the Company will achieve similar results.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor th eir 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.

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