Patriot Provides Operational Update on the Work Programs at the Corvette Property, Quebec, Canada
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 on the Work Programs at the
Corvette Property, Quebec, Canada
June 23, 2023 – Vancouver, BC, Canada June 23, 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. The
wildfires continue to impact Quebec resulting in suspension of all site based work activities on the
Company’s wholly owned Corvette Property (the “Property” or “Project”), located in the Eeyou
Istchee James Bay region of Quebec. All personnel have been demobilised until the situation
improves. The wildfires are having minimal direct impact on the property however helicopters
assigned to the Project have been requisitioned by the government for the fire fighting activities in
the province. Until those helicopters are released the Company will be unable to conduct drilling
activities on the property. The situation is evolving continuously and the Company is monitoring
it very closely.
The Company continues to work on the Mineral Resource Estimate (“MRE”) scheduled for release
in late July. The Quebec wildfires have impacted some of the work activities of the assay
laboratory. Despite these negative impact s, t he Company does not expect this impact on the
release of the mineral resource to be significant.
Going forward, the Company is well positioned with a winter snow road which is now permitted
for conversion to an all-weather exploration road. The upgrading of this road will be of critical
importance to the Company. It will enable the drill program to be conducted through the months
of October, November and December when fog in the region negatively impacts the transportation
by helicopters. The Company is examining how quickly this road can be upgraded to facilitate a
longer drilling season to make up for this lost time due to wildfire bans.
The Company is also advancing its 100% owned exploration camp to further enable a more
efficient drilling program going forward. The new camp will decrease travel time significantly
while reducing the dependency on the helicopters when combined with the all-weather exploration
road. These initiatives will be progressed as soon as the wildfire bans are lifted by the authorities.
While the Company is disappointed that the exploration program is currently suspended, the focus
on the health and safety of our employees and contractors remain the priority. Patriot is confident
that the investments in the exploration camp and the all-season road will enable the achievements
of this year’s exploration program and enhance shareholders’ value.
The 2023 summer -fall exploration includes both a drill and surface exploration program which
commenced at the Property in late May. The multi-rig drill program is targeting further delineation
of the CV5 and CV13 pegmatites, as well as drill testing 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 hig hest-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 refer 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 to potential continuity of pegmatite bodies, and mineral resource estimate
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 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 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 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- 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.