Results of Annual General Meeting

Rhea-AI Summary

Patriot Battery Metals Inc. (TSX-V: PMET, OTCQX: PMETF) held its Annual General Meeting on March 3, 2023, where all proposed resolutions were approved. Significant votes included the election of five directors, including CEO Blair Way, who received 99.96% support. The company emphasizes its focus on mineral properties crucial for battery, base, and precious metals, highlighting its flagship Corvette Property, known for lithium potential with drill intercepts indicating high Li₂O concentrations. Additional assets include properties in Idaho and Quebec, underscoring the company’s growth trajectory in the mining sector.

Positive

• All resolutions were approved by requisite majorities at the AGM.
• Strong shareholder support for the election of directors, notably 99.96% for CEO Blair Way.
• Significant lithium potential reported at the Corvette Property with drill results showing up to 6.36% Li₂O.

Negative

• None.

VANCOUVER, British Columbia and SYDNEY, Australia, March 05, 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 results of voting at its Annual General Meeting held on Friday, March 3, 2023 at 4pm (Eastern Time) from Toronto, Canada.

All matters submitted to shareholders for approval as set out in the Company’s Notice of Annual General Meeting and Information Circular, dated February 2, 2023, were approved by the requisite majority of votes cast at the meeting.

As required under ASX Listing Rule 3.13.2, we advise details of resolutions and the proxies as set out at Appendix 1.

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 2.6 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li₂O, including 25.0 m at 5.04% Li₂O or 5.0 m at 6.36% Li₂O (CV22-083), 159.7 m at 1.65% Li₂O (CV22-042), 131.2 m at 1.96% Li₂O (CV22-100), and 52.2 m at 3.34% Li₂O, including 15.0 m at 5.10% Li₂O (CV22-093). 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 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

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 November 9, 2022 and released to the ASX platform on December 5, 2022 (Prospectus) and in ASX announcements released on January 19, 2023 and January 30, 2023. The Company confirms it is not aware of any new information or data that materially affects the exploration results included in the Prospectus or the relevant ASX announcements.

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.

Appendix 1: The following information is provided in accordance with ASX Listing Rule 3.13.2 and shows the number of proxy votes received prior to the meeting. The Company notes that no additional votes were cast directly in the meeting.

Resolution	Resolution Result	Number of votes cast in Meeting			Instructions given to validly appointed proxies
		For	Against	Withheld/Abstain	For	Against	Withheld/Abstain	Discretion
1. To set the number of Directors at five (5)	Pass	7,884,830 99.92%	6,526 0.08%	-	7,884,830 99.92%	6,526 0.08%	-	-
2a Election of Director - D Blair Way	Pass	7,887,980 99.96%	-	3,376 0.04%	7,887,980 99.96%	-	3,376 0.04%	-
2b Election of Director - Dusan Berka	Pass	4,097,992 51.93%	-	3,793,364 48.07%	4,097,992 51.93%	-	3,793,364 48.07%	-
2c Election of Director - Melissa Desrochers	Pass	7,885,045 99.92%	-	6,311 0.08%	7,885,045 99.92%	-	6,311 0.08%	-
2d Election of Director - Brian Jennings	Pass	7,885,088 99.92%	-	6,268 0.08%	7,885,088 99.92%	-	6,268 0.08%	-
2e Election of Director - Kenneth Brinsden	Pass	7,886,923 99.94%	-	4,433 0.06%	7,886,923 99.94%	-	4,433 0.06%	-
3. Appointment of Auditor	Pass	7,860,422 99.61%	-	30,934 0.39%	7,860,422 99.61%	-	30,934 0.39%	-
4. Approval of Omnibus Equity Incentive Compensation Plan1	Pass	7,682,988 97.36%	206,308 2.61%	2,060 0.03%	7,682,988 97.36%	206,308 2.61%	2,060 0.03%

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¹ Resolution 4 was voted via a ballot/poll however no additional votes were cast directly in the meeting.

FAQ

What were the results of the Patriot Battery Metals annual general meeting held on March 3, 2023?

All proposed resolutions were approved at the AGM, including the election of directors and the appointment of auditors.

What is the significance of the Corvette Property for Patriot Battery Metals?

The Corvette Property is significant due to its lithium potential, with notable drill intercepts indicating high concentrations of Li₂O, essential for battery production.

Who were elected as directors during the AGM of Patriot Battery Metals?

Directors elected include Blair Way, Dusan Berka, Melissa Desrochers, Brian Jennings, and Kenneth Brinsden.

What is the stock symbol for Patriot Battery Metals?

The stock symbol for Patriot Battery Metals is PMETF on the OTCQX.