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PMET.TO ·

Patriot Approved to Graduate to TSX on

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 Approved to Graduate to TSX on

Thursday, February 1, 2024

January 31, 2024 – Vancouver, BC, Canada February 1, 2024 – Sydney, Australia

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

(OTCQB: PMETF) (FSE: R9GA) is pleased to announce that it has received final approval from

the Toronto Stock Exchange (the “ TSX”) to list its common shares (the “ Common Shares ”)

effective upon market open on Thursday, February 1, 2024. The Common Shares will trade under

its current symbol “PMET”. No action is required by Patriot shareholders.

The Company applied for the graduation from the TSX Venture Exchange (the “ TSXV”) to the

TSX with a view to accessing further institutional capital and investors, enhancing the trading

liquidity of the Company and increasing the Company’s visibility and reputation as an issuer on a

senior exchange.

“This is an important milestone for Patriot, as we heighten our corporate profile and reach a

broader range of investors,” said Ken Brinsden, CEO and President of Patriot. “The scale emerging

at our Corvette Project , presentation of the Project Description to the CREE and Quebec

government, combined with Patriot being one of the very few lithium companies to graduate to

the TSX demonstrates our maturing profile.”

In connection with the listing on the TSX, the Common Shares will no longer trade on the TSXV

after the market close on January 31, 2024. Both the TSX and TSXV will issue bulletins

announcing the change prior to the effective date of the change.

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 infrast ructure. The Corvette

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

109.2 Mt at 1.42% Li 2O inferred 1 and ranks as the largest lithium pegmatite resource in the

Americas based on contained lithium carbonate equivalent (LCE), 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.

1 The CV5 mineral resource estimate (109.2 Mt at 1.42% Li 2O and 160 ppm Ta 2O5 inferred) is

reported at a cut-off grade of 0.40% Li2O with effective date of June 25, 2023 (through drill hole

CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated

economic viability.

For further information, please 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.

On Behalf of the Board of Directors,

“Ken Brinsden”

Ken Brinsden - President, CEO & Managing Director

For further information please contact:

Brad Seward

Vice president, Investor Relations

T: +61 400 199 471

E: [email protected]

Olivier Caza-Lapointe

Head, Investor Relations – North America

T: (514) 913-5264

E: [email protected]

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 often

identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements

other than statements of historical fact, included in this news release are forward-looking statements that involve risks

and uncertainties. In particular and without l imitation, this news release contains forward- looking statements

pertaining to the Company’ s graduation to the TSX and concurrent delisting from the TSXV.

There can be no assurance that such information or statements will prove to be accurate and actual results and future

events could differ materially from those anticipated in such statements. Important factors that could cause actual

results to differ materially from the Company’ s expectations include, among others, the ability of the Company provide

an updated mineral resource estimate within the time frames indicated and other risks detailed from time to time in

the filings made by the Company with securities regulators, available at www.sedarplus.ca and www.asx.com.au.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be

incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of

numerous known and unk nown risks, uncertainties, and other factors, many of which are beyond the control of the

Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information,

although considered reasonable by management at the time of preparation, may prove to be incorrect and actual

results may differ materially from those anticipated. Forward -looking statements contained in this news release are

expressly qualified by this cautionary statement. The forward- looking statements contained in this news release are

made as of the date of this news release and the Company will update or revise publicly any of the included forward-

looking statements as expressly required by applicable law.

No securities regulatory authority or stock exchange, including the TSXV and its Regulation Service Provider (as that

term is defined in the policies of the TSXV ) has reviewed nor accepts responsibility for the adequacy or accuracy of

the content of this news release.