MAV.CN · 2023-05-26 12:00:00

Victory Battery Metals Corp. Announces Closing of $300,000 Unit Financing

Financings

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For Immediate Release

N E W S R E L E A S E

VANCOUVER, BC, CANADA (May 26, 2023) – Victory Battery Metals (CSE: VR) (FWB: VR6) (OTC: VRCFF)

(“Victory” or the “Corporation”) is pleased to announce that it has closed its previously announced non-brokered

Unit Private placement (the “Unit Financing”). The Corporation raised proceeds of $300,000 through the sale of

6,000,000 Units.

Pursuant to the terms of the Unit Financing, each Unit is offered at a subscription price of $0.05 per Unit. Each Unit

consists of one common share and one common share purchase warrant exercisable at $0.07 for a two year period,

subject to the right of the Company to accelerate expiry upon 30 days’ notice if the common shares trade at $0.20 or

higher for a period of 10 days, including days where there is no trading. There were no finder’s fees paid and no

insiders participated in the Unit Financing.

The Company intends to use net proceeds for working capital requirements and other general corporate purposes.

For further information, please contact:

Mark Ireton, President

Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)

About Victory Battery Metals

VICTORY BATTERY METALS (CSE: VR) is a publicly traded diversified investment corporation with mineral interests

in North America. The Company is also actively seeking other exploration opportunities.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward -looking statements that involve substantial

known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-

looking statements, including, without limitation, statements regarding future financial position, business strategy, use

of proceeds, corporate vision, proposed acquisitions, partnerships, joint -ventures and strategic alliances and co-

operations, budgets, cost and plans and objectives of or involving the Company. Such forward- looking information

reflects management's current beliefs and is based on information currently available to management. Often, but not

always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected",

"budget", "scheduled", "estimates", "for ecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or

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variations (including negative variations) of such words and phrases or may be identified by statements to the

effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number

known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially

differ from any future results or performance expressed or implied by the forward-looking information. These forward-

looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the

Company including, but not limited to, the impact of general economic conditions, industry conditions and

dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such

information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such,

undue reliance should not be placed on forward- looking statements. The Company does not assume any obligation

to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise,

except as required by securities laws.