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NILI.V ·

Surge Battery Metals Announces Successful Completion of its Phase 1 Exploration Program on the Ni100 Nickel Project located in Northern British Columbia

Exploration Programs

Surge Battery Metals Inc.

3028 Quadra Court

Coquitlam, BC, V3B 5X6

778-945-2656

www.surgebatterymetals.com

[email protected]

Surge Battery Metals Announces Successful Completion of its Phase 1

Exploration Program on the Ni100 Nickel Project located in Northern

British Columbia

September 22, 2022: Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:

NILI, OTCPink: NILIF, FRA: DJ5C), Mr. Greg Reimer, President, is pleased to announce that the first

stage of a planned CAD$440,000 detailed geological mapping, soil and rock sampling survey on its

80% owned Nickel Project has been completed.

The Surge geological team has collected 304 rock samples while conducting geological and structural

mapping on the Ni100 block. Earlier in May and June, crews have collected approximately 600 soil

and 190 rock samples from the HN4 mineral claim adjoining the southwest portion of the Decar

Nickel Project of FPX Nickel Corp.

A four-person exploration team was onsite at the Ni100 claim group for approximately 14 days of

helicopter accessed exploration from nearby camps. The work program targeted a dozen airborne

magnetic anomalies that are coincident with mapped ultramafic units. Much of the rock samples

consisted of the Trembleur Ultramafic sequence with varying degrees of serpentinization. Multiple

minfiles exists across the property with numerous samples returning greater than 2000 ppm Nickel.

Work undertaken in 2021 by Nickel Rock Resources included 54 rock samples taken with 41 of the

samples exceeding 1500 ppm Nickel.

Samples have been sent to SGS Canada in Burnaby with results expected for initial ICP analysis in Q3.

Davis Tube Recovery (DTR) is a magnetic separation technique and will be applied to all rocks

exceeding a threshold of 1000 ppm Ni. These results are to follow within another 3-4 weeks post ICP

analysis.

Plans for Phase 2 exploration are underway. Analytical results from the earlier HN4 program are

expected imminently. Exploring the areas hosting the greatest DTR Ni results will the focus of the

Phase 2 program and may include further prospecting and mapping, back pack and diamond drilling

in Q3 and Q4.

Jeremy Hanson, P. Geo, a qualified person as defined by NI 43-101, is responsible for the technical

information contained in this release.

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About Surge Battery Metals Inc. surgebatterymetals.com

The Company is a Canadian-based mineral exploration company active in the exploration for nickel-

iron alloy in British Columbia and lithium in Nevada whose primary listing is on the TSX Venture

Exchange. The Company's maintains a focus on exploration for high value battery metals required

for the electric vehicle (EV) market.

Nevada Lithium Projects

The Company owns a 100% interest in 95 mineral claims located in Elko County, Nevada. The Nevada

North Lithium Project is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-

northeast of Wells, Nevada. The target is a Thacker Pass or Clayton Valley type lithium clay deposit

in volcanic tuff and tuffaceous sediments of the Jarbidge Rhyolite package. The project area was first

identified in public domain stream sediment geochemical data with follow up sediment sampling and

geologic reconnaissance returning assay results for lithium ranging from 29.1 ppm to 5,120

ppm. Significant results included 89 samples outlining a highly anomalous zone containing sample

points greater than 1,000 ppm lithium. Currently, the zone of highly anomalous lithium values

extends about 1,700 meters east-west in two bands each about 300 to 400 meters wide. The

anomalous values appear to be in soils developed on airfall or water lain rhyolitic tuff overlain by

welded ash flow tuff.

San Emidio Project-Galt Claims

In addition, the Company has a Property Option Agreement to earn an undivided 80% interest in 16

mineral claims, comprising 640 acres located within Nevada's San Emidio Desert, known as the Galt

Property. Recent mineral exploration on the Galt claim group includes 51 playa sediment samples

collected for chemical analysis at ALS Geochemistry in Vancouver, B.C. Results of aqua regia leaching

of the samples show 68 to 852 parts per million lithium (mean 365 ppm), 5.3 to 201 ppm cesium

(mean 72 ppm) and 35 to 377 ppm rubidium (mean 180 ppm). Results from two seven-foot-deep

auger holes show lithium, cesium, and rubidium concentrations in the range of 143.5 to 773 ppm Li,

56.8 to 102.5 ppm Cs and 155 to 272 Rb.

Teels Marsh Lithium Project

A recent addition to Surge’s portfolio is the Teel’s Marsh Lithium Project. Located a few miles north of

Clayton Valley this highly prospective property has had USGS geochemical survey sample reports as

high as 850 ppm lithium. Teel’s Marsh’s potential also extends to the fact that it hosts significant zones

of permeability because of volcanic ash beds, which have proven to be the most productive brine

sources in Clayton Valley. A sonic drilling program is envisaged as the next stage of exploration.

Nickel North Project, British Columbia

The Company has a Property Option Agreement to earn an undivided 80% interest in certain mineral

claims from Nickel Rock Resources Inc. The Project consists of two non-contiguous mineral claims

groups consisting of 6 mineral claim blocks located in northern British Columbia. One claim in the

Mount Sidney Williams area (claim HN4), covers 1863 hectares immediately south of and adjacent

to the Decar Project, currently being advanced by FPX Resources Corp., and 5 claims in the Mitchell

Range area, northeast of Decar, (N100 Group) covering 8659 hectares. Three of the claims are subject

to 2% NSR, including the (HN4 claim and the two southernmost claims of the N100 claim group).

Both projects target the nickel-iron alloy mineral “Awaruite”, hosted by serpentinized intrusive rocks

of the Trembleur Ultramafic Unit.

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A September 7, 2022, FPX News Release stated: FPX Nickel Scoping Study Outlines Development of

World's Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project

in British Columbia.

On Behalf of the Board of Directors

“Greg Reimer”

Greg Reimer, President & CEO

Contact Information

Email: [email protected]

Phone: 604-428-5690

Neither the TSX Venture Exchange nor its 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. This news release

may contain forward‐looking statements which include, but are not limited to, comments that involve future

events and conditions, which are subject to various risks and uncertainties. Except for statements of historical

facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and

security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking

statements are not guaranteeing future performance and actual results may vary materially from those

statements. General business conditions are factors that could cause actual results to vary materially from

forward‐looking statements.