Patriot Appoints CFO to its Executive Management Team

Rhea-AI Summary

Patriot Battery Metals Inc. has appointed Natacha Garoute as its new CFO, effective immediately, following the resignation of Dusan Berka, who will continue on the Board. Ms. Garoute brings over 20 years of experience in publicly traded companies, particularly within the mining sector, having previously served as CFO at Champion Iron Ore and Roxgold Inc. The company, focused on mineral exploration, highlights its flagship asset, the 100%-owned Corvette Property in Québec, known for significant lithium potential with impressive drill results. The transition aims to strengthen the leadership team as Patriot progresses in its strategic initiatives.

Positive

• Natacha Garoute's extensive experience in the mining sector could enhance the company's financial strategies.
• The new CFO has a strong track record, potentially improving investor confidence.

Negative

• Dusan Berka's departure might raise concerns about leadership continuity.

VANCOUVER, British Columbia and SYDNEY, Australia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the appointment of Natacha Garoute, LLB, CPA to the position of CFO effective today. Dusan Berka has stepped down as CFO but will remain on the Board of directors.

Blair Way, Company President, CEO and Director, comments:

“We are very lucky to have been able to attract an executive of the caliber of Natacha to the team. Her broad experience with both TSX and ASX listed companies is perfectly suited to our needs. On behalf of the Company, I would like to sincerely thank Dusan for his contributions as CFO over the last 10 years. I appreciate his remaining on the board and his tireless support as we grow our company.”

Ms. Garoute is an experienced executive with over 20 years of experience in publicly traded and mining companies with international exposure. She most recently held the position of CFO at Champion Iron Ore (ASX 200 & TSX) and was CFO and Corporate Secretary with Roxgold Inc. (TSX) between 2013 and 2018. Throughout her career, Ms. Garoute led the Finance and Information Technology functions, including tax and treasury. She also has expertise in Project Finance, Capital Markets, and Investor Relations.

Ms. Garoute, CPA holds a Bachelor of Commerce from the University of Quebec in Montreal and a Bachelor of Law from the University of Montreal. She is an Independent Director and member of the Audit Committee of Aya Gold and Silver Inc., a silver producer listed on the TSX.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals.

The Company’s flagship asset is the 100% owned Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts significant lithium potential highlighted by the 2.2 km long CV5 spodumene pegmatite with drill intercepts of 159.7 m at 1.65% Li₂O and 193 ppm Ta₂O₅ (CV22-042), and 70.1 m at 2.22% Li₂O and 147 ppm Ta₂O₅, including 40.7 m at 3.01% Li₂O and 160 ppm Ta₂O₅ (CV22-017). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 7 m at 10.5 g/t Au in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects - the Gold Dyke Prospect with a 2020 drill hole intersection of 12 m at 4.11 g/t Au and 33.0 g/t Ag, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.

The Company’s other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact us at info@patriotbatterymetals.com Tel: +1 (604) 279-8709 or visit www.patriotbatterymetals.com.

Please refer to the Company’s continuous disclosure filings, available under its profile at www.sedar.com and 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

Competent person statement (ASX Listing Rule 5.22)

The information in this news release which relates to previously announced exploration results for the Corvette Property were first released by the Company in its prospectus for its ASX listing dated 9 November 2022 and released to the ASX platform on 5 December 2022 (Prospectus). The Company confirms it is not aware of any new information or data that materially affects the exploration results included in the Prospectus.

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, including but not limited to references to a proposed mineral resource estimate and prefeasibility study, 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-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.

FAQ

Who is the new CFO of Patriot Battery Metals Inc.?

Natacha Garoute has been appointed as the new CFO of Patriot Battery Metals Inc.

What experience does Natacha Garoute bring to Patriot Battery Metals?

Natacha Garoute has over 20 years of experience in publicly traded companies, particularly in the mining sector.

What significant assets does Patriot Battery Metals Inc. own?

Patriot Battery Metals' flagship asset is the 100%-owned Corvette Property in Québec, which has significant lithium potential.

When did the CFO change occur at Patriot Battery Metals?

The CFO change at Patriot Battery Metals occurred on January 23, 2023.

What impact might the new CFO have on Patriot Battery Metals' stock?

Natacha Garoute's appointment may positively influence investor confidence and financial management, potentially impacting the stock positively.