Patriot Expands its Land Position at its Eastmain Project in the Eeyou Istchee James Bay Region, Quebec
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX-V: PMET / OTC: PMETF / FSE: R9GA
Patriot Expands its Land Position at its Eastmain
Project in the Eeyou Istchee James Bay Region,
Quebec
October 31, 2023 – Vancouver, BC, Canada November 1, 2023 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) ( TSX-V: PMET) (OTCQB:
PMETF) (FSE: R9GA) is pleased to announce that it has increased its land position at its
Eastmain Project, located in the Eeyou Istchee James Bay region, Quebec, through the acquisition
of a 100% interest in two (2) proximal claim blocks. The new claim blocks total 73 claims (3,851.5
ha) and are located immediately adjacent to Alkem Limited’s James Bay Lithium Project, and on
strike of the James Bay Lithium Deposit (Figure 1), within the prospective Eastmain Greenstone
Belt.
Blair Way, Company President and CEO comments, “These claims are a very complimentary
addition to our Eastmain Project and the other non-core lithium properties the Company holds.
As we continue to be focused on aggressive advancement of our Corvette Project, we are also
evaluating opportunities and approaches for unlocking the value these non-core assets hold for
our shareholders.”
The Company acquired a 100% interest in the new Eastmain claims by way of a Purchase and Sale
Agreement whereby the Company paid an aggregate $500,000 cash (CAD) and issue d 120,000
common shares in the capital of the Company. There are no royalty rights associated with the
acquisition.
The Agreement has been accepted by the TSX Venture Exchange on October 27, 2023. The issued
shares are subject to a statutory hold period of four months and one day from issuance. No finder’s
fees or commissions were paid in connection with the acquisition.
Collectively, the Eastmain Project, now consisting of four (4) blocks totaling 86 claims
(4,538.0 ha), forms part of the Company’s non- core lithium asset portfolio which includes the
Pontax (100%), Lac du Beryl (100%), and Hidden Lake (40%) properties. To date, lithium
pegmatite has been confirmed at Hidden Lake and Pontax, with significant lithium exploration
potential present throughout its non-core property portfolio.
Figure 1: Location of new claim acquisition at the Company’s Eastmain Project*
*Sources pertaining to Figure 1 include Galaxy Resources Ltd. ASX news release dated September 14,
2017, Alkem Ltd. ASX news releases dated August 3, and 11, 2023, Brunswick Exploration Inc. TSXV
news release dated July 20, 2023, and the Ministère de l’Énergie et Ressources naturelles report GM34050
dated September 4, 1975.
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 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.
Competent Person Statement (ASX Listing Rule 5.22)
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.
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.sedarpl us.ca and www.asx.com.au, for
available exploration data.
On Behalf of the Board of Directors,
“BLAIR WAY”
Blair Way, President, CEO, & Director
Disclaimer for Forward-Looking Information
This news release contains forward -looking statements 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. There can be no assurance that such 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 the
results of further exploration and testing, and other risks detailed from time to time in the filings made by the Company
with securities regulators, available at www.sedar.com. 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 unknown 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-l ooking statements as expressly required by
applicable law.
No securities regulatory authority or stock exchange, including the TSX Venture Exchange and its Regulation Service
Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed nor accepts responsibility
for the adequacy or accuracy of the content of this news release.