Patriot Provides Operational Update for the Corvette Property,
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
LEGAL\63309512\1
Patriot Provides Operational Update for the Corvette Property,
Quebec, Canada
July 26, 2023 – Vancouver, BC, Canada July 27, 2023 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) provides this update on the Company’s operations at its
Corvette Property (“The Property”) in Quebec, Canada. The ban on entry to the forest due to
wildfires has been lifted for the area, including The Property. Due to some on-going road
closures, the Company is remobilising personnel with materials to site using fixed wing aircrafts.
It is anticipated that the road closures will be lifted as the fires continue to be extinguished. The
Company will have access to one helicopter, which will allow for the commencement of drilling
and environmental baseline data collection at site by this weekend. The Company continues to
monitor the situation closely and is working with regulators to ensure the health and safety of our
employees and contractors. We hope to have access to additional helicopters in August as the fire
fighters continue to make progress in the western reaches of the province.
“Our thoughts are with those communities , particularly the Cree Nation, that have experienced
losses with these unprecedented wildfires ,” said Blair Way, Patriot President and CEO . “On
behalf Patriot I would like to thank all those involved, for their tireless efforts in containing and
supressing the wildfires throughout Quebec and Canada.”
The Mineral Resource Estimate (MRE) remains on track and is scheduled for release in late July.
The Company is working on upgrading the winter snow road to an all-weather exploration road to
enable the drill program to continue through the months of October, November and December
when typically fog in the region limits transportation by helicopters. This initiative is of critical
importance to the Company in order to facilitate a longer drilling season to make up for lost time
due to wildfires.
Patriot will recommence advancing its 100%-owned exploration camp to further enable a more
efficient drilling program for the latter part of the year. The new camp will decrease travel time
significantly, while reducing the dependency on helicopters when combined with the all -weather
exploration road.
The 2023 summer -fall exploration program includes both drill and surface exploration , which
commenced at the Property in late May. The multi-rig drill program is targeting further delineation
of the CV5 and CV13 pegmatites, and includes drill testing of other previously identified
spodumene pegmatite clusters (i.e., CV4, CV8 -12, CV9, and CV10) . The surface program
comprises mapping of the known spodumene pegmatite clusters and local trends as well as
prospecting and rock sampling across a large portion of the remaining 20+ km of prospective
lithium pegmatite trend.
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. The Corvette Property is one of the largest and highest -grade hard rock lithium
projects being explored, with over 50 kilometres of strike length over a 214 square kilometre land
package and over 70 lithium bearing pegmatite outcrops identified to date.
The Corvette Property is situated proximal to the all-weather Trans Taiga Road and Hydro-Québec
power line infrastructure in the Eeyou Istchee James Bay region of Quebec. The Property hosts
significant lithium potential highlighted by the CV5 Pegmatite, which has been traced by drilling
over a strike length of at least 3. 7 km with spodumene pegmatite encountered as deep as 425 m
vertical depth.
For further information, please contact us at [email protected] or by calling +1 (604)
279-8709,or visit www.patriotbatterymetals.com. Please also ref er to the Company’s continuous
disclosure filings, available under its profile at www.sedar.com 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 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, including without
limitation statements with respect forest fire activity and abatement, potential continuity o f pegmatite
bodies, and MRE preparation. 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 act ual 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 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 num erous 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 b y 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 has reviewed nor accepts responsibility for the
adequacy or accuracy of the content of this news release.