United Battery Metals Corp. Announces Closing of Previously Announced Private Placement

UNITED BATTERY METALS CORP.

CSE: UBM | OTC: UBMCF | FWB: 0UL

For Immediate Release

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN

THE UNITED STATES

UNITED BATTERY METALS CORP. ANNOUNCES CLOSING OF PREVIOUSLY

ANNOUNCED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA, CANADA, August 18, 2020, United Battery Metals Corp.

(CSE:UBM; OTC: UBMCF; FWB: 0UL) (“UBM” or the “Company”) is pleased to announce that it has

completed a private placement (the “Private Placement”) of 19,998,858 units (each, a “Unit”), at a price

of $0.11 per Unit, for total gross proceeds of 2,199,874.38. Each Unit consists of one common share and

one common share purchase warrant, with each warrant being exercisable to acquire an additional

common share at a price of $0.25 for a period of twenty-four months.

The Company intends to use the proceeds of the Private Placement for working capital and general

corporate purposes, including with respect to its search for suitable lithium and other battery materials-

related mineral properties to add to its portfolio.

All securities issued in connection with the Private Placement will be subject to a four-month- and-one-

day statutory hold period in accordance with applicable securities laws. Completion of the placement

remains subject to the approval of the Canadian Securities Exchange (the “CSE”).

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Dehn”

CEO

For further information, please contact the Company at: (604) 428-9063.

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

This news release includes forward -looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking, including

all statements in regard to the Company’s intention to complete the Private Placement and with respect to

the Company’s search for suitable additional mineral properties. Although the Company believes the

expectations expressed in such forward -looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may differ

materially from those in forward -looking statements; in this regard, there is a risk that the Private

Placement may not be completed as contemplated, or at all, and that the Company may not be able to

identify or acquire any additional mineral properties. Factors that could cause actual results to differ

materially from those in forwa rd-looking statements include market prices, exploitation and exploration

successes, obtaining necessary approval from the CSE, continued availability of capital and financing,

and general economic, market or business conditions. There can be no assurances that such statements

will prove accurate and, therefore, readers are advised to rely on their own evaluation of such

uncertainties. We do not assume any obligation to update any forward -looking statements except as

required under the applicable laws.