SURGE BATTERY METALS INC - NILIF STOCK NEWS

Surge Battery Metals Inc. has closed its acquisition of an 80% interest in the HN4 and N100 nickel claims in Northern British Columbia from Nickel Rock Resources Inc.. This agreement includes the issuance of 5,000,000 common shares and a commitment to spend $200,000 on exploration within two years. This transaction, classified as a related-party transaction, was exempt from formal valuation and minority shareholder approval due to its value being under 25% of the Company's market cap. A technical report has been filed regarding the claims.

Surge Battery Metals has announced plans for lithium exploration at its San Emidio Project in Nevada, covering approximately 4,800 acres. The project aims to identify a lithium brine deposit similar to those in Clayton Valley and South America. An exploration program is set to commence in Q1 2022, including geophysical surveys and geochemical sampling to pinpoint drill targets. The region is geologically active with historical lithium values recorded up to 600 ppm. Surge Battery also owns a 100% interest in 95 mineral claims in Elko County, Nevada.

Surge Battery Metals has entered into a Client Services Agreement with Stockhouse Publishing Ltd. to enhance market outreach and investor awareness over the next 12 months. The agreement provides access to over 30 marketing tools, with a total cost of $200,000, including $60,000 in cash and $140,000 in common shares. The issuance will occur in 5 tranches. Surge's focus remains on its lithium and nickel projects in Nevada and British Columbia. This move aims to educate investors about Surge's developments and bolster its investor base.

Surge Battery Metals Inc. has entered into a Corporate Advisory and Investment Banking Agreement with Network 1 Financial Securities, effective October 21, 2021. This partnership aims to enhance Surge's US corporate financing and securities strategy, including plans for US private placements and a potential up-listing to a senior North American stock exchange. Surge is focused on the growing demand for battery metals in the green energy sector. With expert guidance from Network 1, the company anticipates unlocking long-term shareholder value.

Surge Battery Metals Inc. has announced a significant nickel discovery from the maiden drilling program at the Van Target near FPX Nickel Corp's Baptiste Deposit. The new finding enhances the company's exploration potential in the Decar Nickel District. Surge has also entered an option agreement to acquire an 80% interest in nearby nickel properties from Nickel Rock Resources. The company plans to spend CAD$125,000 on exploration activities this fall and has over CAD$4 million in working capital to support its projects.

Surge Battery Metals Inc. (OTCQB: NILIF) has engaged TD Media LLC for 120 days to enhance its online marketing presence, paying US$250,000 for the service. The company is focused on exploring battery metals, including nickel and lithium, with claims in British Columbia and Nevada. Surge has entered into agreements to acquire interests in lithium and nickel projects, including a significant 80% in the San Emidio Desert Lithium Project. The strategic move aims to raise awareness of its assets which are crucial for the electric vehicle market.

Surge Battery Metals has appointed Bill Macdonald to its Board of Directors effective October 5, 2021. Mr. Macdonald is a seasoned securities and corporate finance lawyer based in North Vancouver, with extensive experience advising publicly traded companies. His background will aid Surge in its growth and capital-raising efforts. CEO Greg Reimer expressed confidence in Macdonald's ability to support the company's expansion plans. Surge focuses on exploring nickel, copper, and lithium for the electric vehicle market, emphasizing its claims in Nevada and British Columbia.

Surge Battery Metals Inc. (TSXV: NILI, OTCQB: NILIF) has received TSX Venture Exchange approval for its option agreement to acquire an 80% interest in the San Emidio Lithium Project in Nevada. The project, located northeast of Reno, has shown lithium mineralization in sediments with concentrations reaching several hundred parts per million. Surge has appointed Alan Morris to oversee exploration, which will begin with a two-phase program aimed at identifying drill targets. The first phase involves geological and geochemical work, while the second phase, anticipated in Q3 2022, will include drilling.

Surge Battery Metals has announced an option agreement with Lithium Corporation to acquire an 80% interest in the San Emidio Desert Lithium Project in Nevada. This project spans 2800 acres and includes 35 mineral claims. The agreement, dated September 16, 2021, involves cash payments totaling $50,000 upon signing and further payments and share issuances over the next five years, including a commitment of $1,000,000 for exploration. The property is noted for its potential lithium brine and clay deposits, which are attracting significant interest as exploration progresses.