Victory Battery Metals Announces Debt Settlements

For Immediate Release

VICTORY ANNOUNCES DEBT SETTLEMENTS

VANCOUVER, BC, CANADA (March 22, 2024) – Victory Battery Metals Corp. (CSE: VR) (FWB: VR6) (OTC: VRCFF)

(“Victory” or the “ Company”) announces today that it has entered into settlement agreements that will see $463,025 of

debt settled by the issuance of 9,260,500 shares at a deemed price of $0.05, and the Company’s balance sheet much

improved.

No finders fees will be paid. The securities issued will be subject to a four-month and one-day hold period from closing.

Certain insiders participated in respect to accrued and unpaid fees and expenses. The Company is relying on exemptions

contained in NI 61-101 from minority approval and valuation requirements for related party transactions.

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 nature, 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:

Mark Ireton, President

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

E-mail: [email protected]

www.victorybatterymetals.com

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