Patriot Battery Metals Achieves Initial 25% Earn-In from O3 Mining for the FCI Property,
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com CSE: PMET / OTC: RGDCF / FSE: R9GA
Patriot Battery Metals Achieves Initial 25% Earn-In from O3 Mining for the FCI Property,
James Bay, QC
Vancouver, BC, Canada
October 28, 2021 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE:
R9GA) is pleased to announce it has earned its initial 25% interest, as part of an Option to earn up to 75% interest,
in the FCI Property as per the terms of the Option Agreement (the “Agreement”) with O3 Mining Inc. (“O3 Mining”)
(see news release dated April 24, 2019). The FCI Property is comprised of two neighboring claim groupings (FCI East
and FCE West), for a combined total of 111 claims (5,688 ha), located in the James Bay Region of Quebec, proximal
to regional hydro-electric and road infrastructure.
Company President and Director Blair Way comments, “We are very pleased to have earned in the first 25% interest
in FCI as we aggressively advance towards earning 50% interest. Patriot Battery Metals is positioned strongly to
benefit from the ongoing focus on green technologies, which will result in an insatiable demand for those
commodities we are focused on at our flagship Corvette-FCI property.”
O3 Mining’s FCI claim blocks (FCI East and FCI West) form a contiguous land package with the Company’s wholly
owned Corvette claim block and are collectively termed the Corvette -FCI Property, totalling 283 claims and 14,496
ha. The Property is situated within the Guyer Group (wacke, iron formation, kom atiite, tuffs, amphibolite) of the
greater La Grande Greenstone Belt, which trends east -west through the region, approximately 6 to 18 km south of
the Trans-Taiga Road and power line corridor.
The Company is nearing completion of its inaugural drill program on th e Property, and expects core sample assay
results for the first few holes to be received in mid-late November. The 2021 drill program has focused on the CV5-6
spodumene pegmatites, part of a more than a 25 km lithium trend (the “CV Lithium Tre nd”), as well as the Elsass
and Lorraine prospects, which form part of the more than 10 km long Maven Copper -Gold-Silver Trend. Th is drill
program is the first drill testing to date along these two highly prospective trends .
Upon completion of the 2021 wor k programs, the Company expects to have earned a 50% interest in the FCI East
and West claim blocks from O3 Mining Inc., having exceeded the minimum $2.25M in exploration expenditures.
Under the terms of the Option Agreement, the Company may acquire an additional 25% interest in the FCI East and
West claim blocks, for a collective 75% interest, by funding the next $2m in exploration expenditures.
Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by
National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral
projects containing battery, base and precious metals.
The Company’s flagship assets are the wholly owned Corvette Property and the FCI Prope rty (held under Option
from O3 Mining Inc.) located in the James Bay Region of Québec, and the 100% owned Freeman Creek Gold Property,
located in Idaho, USA.
The Corvette-FCI Property includes the wholly owned Corvette claim block, and the FCI East and West claim blocks
held under Option from O3 Mining Inc. The claim blocks are contiguous, and host significant gold-silver-copper-PGE-
lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and
10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in
outcrop, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.
The 100% owned Freeman Creek Gold Property hosts two major advanced tar gets - the Gold Dyke Prospect with a
2020 drill hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek Prospect with surface
sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.
In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden
Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.
For further information, please contact us at [email protected] Tel: +1 ( 778) 945-2950 , or visit
www.patriotbatterymetals.com.
On Behalf of the Board of Directors,
“BLAIR WAY” “ADRIAN LAMOUREUX”
Blair Way, President & Director Adrian Lamoureux, CEO & Director
Disclaimer for Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions, and expectations, which are not historical in
nature are intended to be, and are hereby identified as, “forward -looking statements”. Forward-looking statements may be identified by words
including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking
statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and
uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release