Surge Battery Metals Comments on Recent Promotional Activity Pursuant to OTC Markets Request
Surge Battery Metals Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
778-945-2656
www.surgebatterymetals.com
Surge Battery Metals Comments on Recent Promotional Activity
Pursuant to OTC Markets Request
November 16, 2021: Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:
NILI, OTCQB: NILIF, FRA: DJ5C) has received a request by the OTC Markets Group to comment on recent
promotional activity related to Surge's common shares traded on the OTC Markets.
On November 12, 2021, the Company became aware that Stellar Media Group LLC produced and
disseminated a corporate profile published without the knowledge or consent of the Company through
BEAT Penny Stocks and Stock Street wire brands as per the disclaimer in their corporate profile. The
Company was not aware of these promotional materials prior to receiving copies from OTC Markets. The
Company has not hired Stellar Media Group, and neither the Company nor its officers were involved,
directly or indirectly, in the creation, distribution, dissemination or payment for the promotional
materials.
The promotional materials appear to provide an overview of the Company's business and also appear to
make several speculative claims regarding the Company's prospects. The promotional materials are based
upon information made available by the Company, including the Company's news releases and investor
presentations. The Company does not believe that the promotional materials have had an effect on the
trading activity in the Company's common shares. The Company had no editorial control over the content
or the promotional materials. The Company has reviewed the promotional materials and while it does
consider the materials to be speculative it does not consider the statements made in the promotional
materials to be materially false or misleading.
Upon inquiry of Company management, none of the Company's officers, directors or greater than 10%
shareholders, or any third-party service providers, have (i) directly or indirectly been involved in the
creation of, distribution of, or payment for promotional materials related to the Company or its common
shares or (ii) sold or purchased any of the Company's securities in the past 90 days. As noted below the
Company has retained Winning Media LLC and TD Media LLC dba Life Water Media to provide marketing
services to the Company. Subsequent to the profiles on the Company distributed by Stellar Media LLC and
after such publications were brought to our attention, both Winning Media LLC and TD Media LLC advised
the Company that they advanced funds to the outside marketing firm Stellar Media LLC for partial
payment of marketing services. However, we have been advised that neither Winning Media LLC and TD
Media LLC had any involvement in the creation or distribution of those materials or newsletters.
Over the last year, the Company has engaged four third-party providers for investor relations, public
relations, marketing, advertising and other related activities: Winning Media LLC (see news release dated
September 7, 2021); TD Media LLC (see news release dated October 15, 2021); Network 1 Financial
Securities, Inc. (see news release dated October 26, 2021); and Stockhouse Publishing Ltd. The Company
has also retained Accesswire through Issuer Direct to provide communication services including news
dissemination services and Mini-IR website Solutions Issuer Services as advertised on the OTCQX and
OTCQB platforms.
During the past two years the Company completed a private placement through the facilities of the TSX
Venture Exchange (“Exchange”) and the Company has issued the following shares and warrants. The
shares were issued at a discount to market pursuant to allowable private placement pricing policies of the
Exchange and all securities issued were restricted and subject to statutory hold periods. The warrant
prices were priced at market price at the time of issuance and as such were not discounted: The Company
also exercised stock options as follows which were also discounted based on allowable pricing
requirements of the Exchange:
2
February 3, 2021 – 40,000,000 units at a price of Cdn$0.06 and 40,000,000 warrants exercisable
at $0.08 expiring on February 3, 2023. 3,950,000 finder shares on the same terms as the units
were issued and 1,975,000 finder warrants were issued on the same terms as the purchaser
warrants.
August 6, 2021 – 850,000 stock options were exercised at Cdn.$0.06 per share.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral exploration company active in the exploration for nickel-iron
alloy and Copper 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 Claims
The Company owns a 100% interest in 38 mineral claims located in Nevada. The Northern Nevada Lithium
Project is located in the Granite Range about 34 line- km southeast of Jackpot, Nevada, about 73 line-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.
Caledonia Project, Vancouver Island, BC
The Company has entered into a Property Option Agreement to acquire a 100% interest in 7 mineral
claims known as the Caledonia, Cascade and Bluebell, subject to a NSR between 1-2%. Located in the
Nanaimo Mining District of northern Vancouver Island. The claims are 7 km north-west of BHP's past
producing Island Copper mine. During its prime operating period, the Island Copper mine was Canada's
third-largest copper producer. The Caledonia, Cascade and Bluebell claims area lies within a 50-
kilometer-long copper belt northwest of the Island Copper mine.
British Columbia Nickel Project
Hard Nickel 4 and Nickel 100 Claims
The Company has entered into an Option Agreement with Nickel Rock Resources to acquire an 80%
interest in 6 mineral claims in the Mount Sidney Williams area (Hard Nickel 4) covering 1863 hectares
immediately south of and adjacent to the Decar Project and the Mitchell Range area (Nickel 100) covering
8659 hectares, located in Northern British Columbia. Three of the claims are subject to 2% NSR, including
the Hard Nickel 4 claim and the two southernmost claims of the Nickel 100 claims. The acquisition is
subject to final Exchange approval.
On Behalf of the Board of Directors
“Greg Reimer”
Greg Reimer, President & CEO
778-945-2656
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.