Victory Battery Announces Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES

For Immediate Release

VICTORY ANNOUNCES PRIVATE PLACEMENTS

VANCOUVER, BC, CANADA ( April 16, 2024) – Victory Battery Metals Corp. (CSE: VR) (FWB: VR6) (OTC: VRCFF)

(“Victory” or the “Company”) announces today that it will undertake a non-brokered private placement of up to $500,000

by the issuance of 10,000,000 units at $0.05, each unit consisting of one share and one half a warrant. Each whole warrant

entitles the holder to additional share for 2 years at a price of $0.10.

In connection with the Offering, the Company may pay finder’s fees in cash or securities or a combination of both, as

permitted by the policies of the Canadian Securities Exchange (the “CSE”) and applicable securities laws. The common

shares and warrants comprising the Units will be subject to a four-month and one-day hold period.

The Company intends to use the net proceeds of the offering for working capital requirements and other general corporate

purposes.

About Victory Battery Metals

Victory is a publicly traded diversified investment corporation with mineral interests in North America. The Company’s head

office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8, and its Common Shares are currently listed on the

CSE.

Cautionary Statement Regarding Forward-Looking Information

Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that

involve risks and uncertainties. Such forward -looking information can be generally identified by terms such as “may”,

“expect”, “est imate”, “anticipate”, “intend”, “believe”, and “continue” or the negative thereof or similar variations. Since

forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and

uncertainties. The Company provides forward-looking statements for the purpose of conveying information about current

expectations and plans relating to the future, and readers are cautioned that such forward -looking statements may not be

appropriate for other purposes. By its natu re, this forward-looking information is subject to inherent risks and uncertainties

that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or

conclusions may not prove to be accurate, t hat assumptions may not be correct, and that objectives, strategic goals and

priorities may not be achieved. These risks and uncertainties include but are not limited to those identified and reported

under the Company’s disclosure documents available on its SEDAR+ profile at www.sedarplus.com.

Contact Information

For further information, please contact:

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Mark Ireton, President

Phone: +1 (236) 317-2822 or toll-free +1 (855) 665-GOLD (4653)

E-mail: [email protected]

www.victorybatterymetals.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts

responsibility for the adequacy or accuracy of this press release.