Megawatt Announces Shares for Debt

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Megawatt Announces Shares for Debt

Vancouver, British Columbia, February 18, 2025 -- MegaWatt Lithium and Battery Metals Corp.

(CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company", " MegaWatt Metals " or

“MegaWatt”) announces that, it has entered into a debt settlement agreement with an arm’s

length creditor (the “ Creditor”) for settlement of debts owing to the Creditor in an aggregate

amount of $11,500 (the “ Debt”) for market making services provided to the Company by the

Creditor. In settlement of the Debt, the Company will issue 766,667 common shares in the capital

of the Company (the “Shares”) at a deemed price of $0.015 per Share to the Creditor (the “Shares

for Debt Settlement”).

All the Shares to be issued in connection with the Shares for Debt Settlement will be subject to a

statutory hold period of four months plus a day from the date of issuance in accordance with

applicable securities legislation.

Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt

of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange.

About MegaWatt Lithium and Battery Metals Corp.

MegaWatt is a British Columbia based company involved in the acquisition and exploration of

mineral properties.

MegaWatt has acquired a 100% interest in a company that holds a 100% interest (subject to a

1.5% NSR) in the Benedict Mountains Uranium Property, consisting of 2 mineral licenses covering

an area of approximately 350 hectares in the Central Mineral Belt on the east coast of Labrador,

Canada, approximately 200 km NE of Goose Bay (see press release dated April 1, 2024).

MegaWatt holds a 100% undivided interest (subject to a 1.5% NSR) on all base, rare earth

elements and precious metals, in the Cobalt Hill Property, consisting of 8 mineral claims covering

an area of approximately 1,727.43 hectares located in the Trail Cree k Mining Division in the

Province of British Columbia, Canada.

Additionally, the Company has acquired a 100% interest in a company that indirectly holds a

100% interest (subject to a 2% NSR) in the Tyr Silver Project (see press release dated October

15, 2020).

MegaWatt holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property,

comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province

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of Quebec, covering 2,126 hectares (see press release dated February 3, 2021), and a 100%

interest in 229 additional mineral exploration claims prospective for lithium, also in the James Bay

area of Quebec covering an area of 12,116 hectares or 121 square kms.

On Behalf of the Board of Directors,

MegaWatt Lithium and Battery Metals Corp.

Casey Forward, CEO

1055 West Georgia Street, Suite 1500

Vancouver, BC, Canada

V7X 1M5

For Further Information Please Contact:

Kelvin Lee, Chief Financial Officer

[email protected], (236) 521-6500

The CSE does not accept responsibility for the adequacy or accuracy of this release.

This press release includes "forward -looking information" that is subject to a number of

assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements may include but are not limited to, statements relating to the trading

of the Company's common shares on the Exchange and the Company's use of proceeds and are

subject to all of the risks and uncertainties normally incident to such events. Investors are

cautioned that any such statements are not guarantees of future events and that actual events or

developments may differ materially from those projected in the forward- looking statements. Such

forward-looking statements represent management's best judgment based on information

currently available. No securities regulatory authority has either approved or disapproved of the

contents of this news release.