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Surge Battery Metals Receives Exchange Approval for the San Emidio Lithium Project in Nevada

Corporate Updates

Surge Battery Metals Inc.

1220 – 789 West Pender Street

Vancouver, BC, Canada V6C 1H2

778-945-2656

www.surgebatterymetals.com

[email protected]

Surge Battery Metals Receives Exchange Approval for the

San Emidio Lithium Project in Nevada

October 04, 2021: Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:

NILI, OTCQB: NILIF, FRA: DJ5C) is pleased to announce that further to news release of September

20, 2021 , the Company has received TSX Venture Exchange (“Exchange”) approv al of its option

agreement with Lithium Corporation (“Optionor”), whereby the Company may acquire an undivided

80% interest in the San Emidio Property, located approximately 60 miles North East of Reno, Nevada.

The Company is also pleased to announce that it has retained Mr. Alan J Morris CPG (Surge’s Qualified

Person) to oversee exploration at the San Emidio Lithium prospect in Washoe County Nevada.

Mr. Greg Reimer, Surge President & CEO, comments “ Mr. Morris is a consummate professional and

has deep roots within the Nevada lithium exploration industry having worked for several decades in

this part of the world. In addition, Alan has previous experience exploring for lithium specifically in

the San Emidio Desert, where he authored an N.I. 43-101 compliant technical report on an adjacent

property in 2016. The San Emidio Desert holds great lithium exploration promise, and i t is the

Company’s intention to determine the lithium brine and lithium clay potential for its properties in

the region.”

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The San Emidio Desert Region and Summary of Prior Work Completed

Mr. Alan Morris, CPG states “The geologic setting combined with the presence of lithium in both active

geothermal fluids and surface salts within the San Emidio Property match characteristics of lithium

brine and clay deposits at Clayton Valley, Nevada and in South America. There has been considerable

geological, geophysical, and geochemical work done on the eastern margin of the playa here for

geothermal energy, however only preliminary work has been done further to the west on the playa

proper to fully evaluate the lithium-in-brine, and/or lithium clay potential of the area.”

Prior to staking the property in 2011, the vendor of the property, Lithium Corporation , had

performed preliminary geological, geochemical, studies on the area. The original geochemical work

was comprised of both lithium and lithium associated pathfinder elements in brine and sediment

samples. These early campa igns illustrated that lithium mineralization is present in sediments

locally often in concentrations of up to several hundred parts per million (ppm), which is in line with

that seen in the vicinity of Albemarle’s currently producing Clayton Valley lithium brine mine, and

Lithium Corporation’s Fish Lake Valley lithium-in-brine prospect. Although only limited near surface

brine sampling was done at this time , several anomalous lithium samples were recovered . The

strongest mineralized sample being in the ord er of 80 milligrams per litre (mg/L) lithium. These

anomalous samples appeared to be aligned in a NW/SE orientation possibly indicating that there may

be some structural (fault) control . All were proximal to the loosely defined paleobasinal basement

low, as is the case in Clayton Valley. In order to map the basement in greater detail a moderate

resolution gravity geophysical survey was then undertaken to better define and understand

subsurface geological conditions.

The gravity survey was successful in o utlining the basinal low and shed some light on the location,

and orientation of some of the bounding faults that have given rise to the subsurface basinal feature.

Armed with this information, an application for a permit was made to allow probing of a number of

additional shallow targets. The initial probing program was commenced in early February 2012,

keying in on an interpreted linear feature (fault) that might be roughly coincident with the gravel

road that travels NW-SE from Empire Farms to the US Geothermal plant. The information from this

program led to a realignment of the claim block in mid -2012 with a focus on the northern claim

blocks. Another direct push probing campaign was undertaken later in calendar 2012, which

confirmed the previous data interpretation, with the best value being in the order of 23 mg/L Li.

Proposed Initial Exploration Work

With respect to exploration work the Company intends to embark immediately on a n initial two-

phase exploration program, with the first phase compri sed of geological, geochemical and

geophysical tasks that ultimately will assist in generating drill targets during the second phase.

Phase I is to start immediately and is planned as a multi-disciplinary approach:

• Additional claim staking to strategically increase the size of the block, as the lesson at Clayton

Valley has been that mineralization is associated with multiple structures and it can extend

past the confines of a well-planned, well-placed claim block.

• Acquisition/Compilation/Assimilation of geological, geochemical and geophysical data. As

previously mentioned , considerable work has been done on the eastern extremes of the

current claim block.

• Following on these steps above, a program of geochemical fieldwork will be undertaken.

• At this same time, a geophysical surveying program is to be conducted to determine where

the most highly conductive brines exist, and there is a proven correlation between

conductivity (due primarily to increased levels of NaCl) and lithium concentration in Nevada

brines.

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• A mini-bulk sample of lithium enriched brine is to be extricated and sent for bench tests for

proof-of-concept production of lithium via Direct Lithium Extraction (DLE). Lithium

concentrations here have been noted up to 80 mg/L which due to advances in DLE technology

places it in the category of economically significant brine mineralization.

It is envisioned that the bulk of all this work will be completed over the next several mon ths. Once

all the data from this program is compiled and added to the newly expanded database drill target

selection will commence, and subsequent to target selection and prioritization application will be

made to the BLM for all the permits necessary to drill three exploratory drill holes.

It is anticipated that Phase II would commence by the third calendar quarter of 2022.

• Complete the drilling of three - 215 meter (700’) exploratory sonic drill holes. Sonic drilling

is the preferred method on playas especially as it is far superior to all other techniques when

it comes to maintaining both brine and clay sample integrity.

Subsequent to initial sonic drilling and the further assaying of the resultant geological material, the

exploration team will then assess the Phase I and Phase II results to make additional exploration

plans for the property during the fourth calendar quarter of 2022.

Qualified Person: The technical contents of this news release has been reviewed and approved by

Alan Morris CPG, Elko, Nevada

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% interes t 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

4

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

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 an d 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.