QBAT - Quantum Battery Metals Arranges Non-Brokered Private Placement

NEWS RELEASE

March 23, 2022

QUANTUM BATTERY METALS ARRANGES NON -BROKERED PRIVATE

PLACEMENT

Vancouver, British Columbia – Quantum Battery Metals Corp. (CSE: QBAT; OTC:

BRVVF; FRA: 23B0) (“Quantum” or the “Company”) announces that it will be arranging a

non-brokered private placement (the “Private Placement”) comprising of up to 2,000,000 Units

(“Units”) at a price of $0.50 Unit for gross proceeds of $1,000,000.00 with a 50% over allotment

option.

Each Unit will be comprised of one common share and one common share purchase warrant of the

Company. Each warrant will be exercisable into a common shar e of the Company for a period of

12 months at an exercise price of $0.75 for 12 months from issuance. The proceeds of the private

placement will be used for the mineral properties of the Company, repayment of loans and general

working capital.

QUANTUM BATTERY METALS CORP.

“Andrew Sostad”

_______________________

Andrew Sostad, CEO and Director

Contact Information:

400 – 837 West Hastings Street

Vancouver, British Columbia

V6C 3N6

Phone: 604.629.2936

Email: [email protected]

Forward-Looking Information This news release includes certain statements that may be deemed

"forward-looking statements". All statements in this release, other than statements of historical

facts, that address events or devel opments that Quantum Battery Metals Corp. (the "Company")

expects to occur, are forward-looking statements. Forward-looking statements are statements that

are not historical facts and are generally, but not always, identified by the words "expects", "plans",

"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or

that events or conditions "will", "would", "may", "could" or "should" occur. Although the

Company believes the expectations expressed in such forward -looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual

results may differ materially from those in the forward -looking statements. Factors that could

cause the actual results to differ ma terially from those in forward -looking statements include

market prices, exploitation and exploration successes, and continued availability of capital and

financing, and general economic, market or business conditions. Investors are cautioned that any

such statements are not guarantees of future performance and actual results or developments may

differ materially from those projected in the forward -looking statements. Forward -looking

statements are based on the beliefs, estimates and opinions of the Company 's management on the

date the statements are made. Except as required by applicable securities laws, the Company

undertakes no obligation to update these forward -looking statements in the event that

management's beliefs, estimates or opinions, or other factors, should change.