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PMET.TO ·

Patriot Announces Inclusion in the S&P/ASX 300 Index

Listings & Exchange

Patriot Battery Metals Inc.

Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6

www.patriotbatterymetals.com TSX-V: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA

Patriot Announces Inclusion in the S&P/ASX 300 Index

September 7, 2023 – Sydney, Australia September 6, 2023 – Vancouver, Canada

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX -V: PMET | ASX: PMT |

OTCQX: PMETF | FSE: R9GA) is pleased to announce that common shares of the Company

(ASX: PMT) have been selected for inclusion in the Standard & Poors ( “S&P”)/ASX 300 Index

by the S&P Dow Jones effective prior to ASX market opening on September 18, 2023.

Blair Way, Company President and CEO, comments, “We are very pleased that Patriot has

been selected for inclusion in the S&P/ASX 300 I ndex. Over a short timeframe, the team has

advanced our Corvette P roperty into a world -class, lithium deposit that is still growing.

Inclusion into this index recognizes our increased market capit alization and trading liquidity

prompted by our growth and the devel opment of our flagship Corvette hard rock spodumene

lithium deposit located in the Ee you Istchee James Bay region of Quebec. This inclusion to t he

S&P/ASX 300 Index places Patriot among the 300 largest securities traded on the ASX. It should

also help increase our trading liquidity through incremental demand for our shares in Australia

from institutional investors and fund managers who track the composition of the Inde x and

benchmark their performance against it.”

The S&P/ASX 300 is designed to provide investors with broader exposure to the Australian

equity market. The index measures 300 of Australia’s largest highly liquid securities listed on

the ASX by float-adjusted market capitalization. The S&P/ASX 300 index covers the large -cap,

mid-cap, and small -cap components of the S&P/ASX Index Series. This index is designed to

provide investors with broad exposure to the Australian equity market while allowing them to

benchmark against a wide selection of opportunities base d on specific size and liquidity

parameters.

Currently, Patriot’s shares are included in two North American indices, the MVIS Global Rare

Earth/Strategic Metals Index and the S&P/TSX Battery Metals Index on the Toronto Stock

Exchange. The inclusion in these indices led to increased ownership by institutional investors in

North America, and the Company anticipates that its inclusion in the S&P/ASX 300 index may

result in increased institutional ownership in Australia as well.

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About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard -rock lithium exploration company focused on advancing its

district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of

Quebec, Canada, and proximal to regional road and powerline infrastructure. The Corvette

Property hosts the CV5 Spodumene Pegmatite with a maiden inferred mineral resource estimate

of 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 (at a cut -off of 0.40% Li2O) and ranks as the

largest lithium pegmatite resource in the Americas, and one of the top 10 largest lithium pegmatite

resources in the world. Additionally, the Corvette Property hosts multiple other spodumene

pegmatite clusters that remain to be drill tested, as well as more than 20 km of prospective trend

that remain to be assessed.

For further information, contact us at [email protected] or by calling +1 (604) 279-

8709, or visit www.patriotbatterymetals.com . Please also refer to the Company’s continuous

disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for

available exploration data.

This news release has been approved by the Board of Directors,

“BLAIR WAY”

Blair Way, President, CEO, & Director

Disclaimer for Forward-Looking Information

This news release contains “forward -looking information” or “forward -looking statements” within the

meaning of applicable securities laws and other statements that are not historical facts. Forward- looking

statements are included to provide information about management’s current expectations and plans that

allows investors and others to have a better understanding of the Company’s business plans and financial

performance and condition.

All statements, other than statements of historical fact included in th is news release, regarding the

Company’s strategy, future operations, financial position, prospects, plans and objectives of management

are forward -looking statements that involve risks and uncertainties. Forward -looking statements are

typically identified by words such as “plan”, “expect”, “estimate”, “intend”, “anticipate”, “believe”, or

variations of such words and phrases or statements that certain actions, events or results “may”, “could”,

“would”, “might” or “will” be taken, occur or be achieved. In particular and without limitation, this news

release contains forward-looking statements pertaining to the drilling program.

Forward-looking information is based upon certain assumptions and other important factors that, if untrue,

could cause the actual results, performance or achievements of the Company to be materially different from

future results, performance or achievements expressed or implied by such information or statements. There

can be no assurance that such information or statements will prove to be accurate. Key assumptions upon

which the Company’s forward-looking information is based include the total funding required to complete

the Company's Corvette Lithium Project, including the drilling program.

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may

have been used. Forward -looking statements are also subject to risks and uncertainties facing the

Company’s business, any of which could have a material adverse effect on the Company’s business,

financial condition, results of operations and growth prospects. Some of the risks the Company faces and

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the uncertainties that could cause actual results to differ materially from those expressed in the forward -

looking statements include, among others, the ability to execute on plans relating to the Company’s

Corvette Lithium Project, including the timing thereof. In addition, readers are directed to carefully review

the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+,

which discussion is incorporated by reference in this news release, for a fuller understanding of the risks

and uncertainties that affect the Company’s business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted

to identify important factors that could cause actual actions, events or results to differ materially from those

described in forward-looking statements, there may be other factors that cause actions, events or results

not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information

will prove to be accurate, as actual results and future events could differ materially from those anticipated

in such information. As such, these risks are not exhaustive; however, they should be considered carefully.

If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated

in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent

in forward-looking statements, readers should not place undue reliance on forward-looking statements.

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing

Rule 5.8 on July 31, 2023. The Company confirms it is not aware of any new information or data that

materially affects the information included in the previous announcements and that all material

assumptions and technical parameters underpinning the estimates in the previous announcements continue

to apply and have not materially changed.

Forward-looking statements contained herein are presented f or the purpose of assisting investors in

understanding the Company’s business plans, financial performance and condition and may not be

appropriate for other purposes.

The Company disclaims any intention or obligation to update or revise any forward- looking statements,

whether as a result of new information, future events or otherwise, except to the extent required by

applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.