Victory Battery drills 259 ft of claystone at Smokey

Apr 13, 2023

2023-04-12 11:57 ET – News Release

Mr. Mark Ireton reports

VICTORY’S EXPLORATION TEAM ENCOURAGED BY VRPDH-1 CLAYSTONE INTERCEPT APPEARANCE AND DEPTH AT SMOKEY LITHIUM, NEVADA

Victory Battery Metals Corp.’s exploration team has completed its first drill hole to a depth of 540 feet, encountering 259 feet of uninterrupted claystone beginning at 268 feet and extending to 527 feet. The team is currently in the midst of VRPDH-2 of its high-quality drill targets, having assembled and sent cores from VRPDH-1 for assay.

“Our team was very encouraged by the positive lithological correlation observed in this new VRPDH-1, which is comparing favourably to hole 09 from our previous drill program,” said Mark Ireton, Victory president and chief executive officer. “Prior to lab results, we are seeing indications that instill confidence in this programs goal to correlate the lithology of VRPDH-1 new hole to the previous hole 09, and, significantly, we have been able to test to the bottom of the claystone, whereas 2022’s hole 09 ended in significant claystone-hosted lithium mineralization at 417 feet.”

The claystones intersected below gravel cover in VRPDH-1 are dominantly grey to dark grey in colour and contain abundant fine-grained calcite as noted by using hydrochloric acid during the logging process. It is suspected that the claystone has a high content of weathered volcanic ash and that the firm character of this formation is due to the presence of calcite cement interstitial to the clay size grains.

Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, the company has developed proprietary maps showing highly detailed visual cross-sections to understand the faulting that would bound the deposit’s edges. Victory’s three-hole drill program focuses on a two-to-three-square-kilometre area with lowered risk, having a high likelihood to intersect lithium-rich clays via drilling, and may indicate maiden resource potential.

About Smokey lithium, Nevada

Victory’s Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium’s flagship lithium project. Smokey lithium is located northwest of Cypress’s Clayton Valley lithium project and to the southwest of American Lithium’s Tonopah lithium claims property in southwest Nevada. Esmeralda county, Nevada, is a prolific region for lithium clay deposits (Noram, Cypress, American Lithium, Spearmint, Enertopia and Jindalee).

The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a qualified person as defined under National Instrument 43-101.

The company has entered into an advertising and investor awareness campaign with Dig Media Inc., doing business as Investing News Network (INN). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. For the 12-month term of the agreement from April 1, 2023, INN will provide advertising on its website and social media communications to increase awareness of the company. INN does not provide investor relations or market making services. The cost of the campaign is $50,000. INN can be reached at 604-688-8231, on the INN website or at [email protected].

The company has entered into an advertising and investor awareness campaign with Northern Venture Group. Northern Venture Group is a private company headquartered in Vancouver, Canada. For the 12-month term of the agreement from April 1, 2023, Northern Venture Group will provide advertising on its website and social media communications to increase awareness of the company. Northern Venture Group does not provide investor relations or market making services. The cost of the campaign is $4,000 per month only when services are provided during the month. Northern Venture Group can be reached at 250-967-0001 or [email protected].

About Victory Battery Metals Corp.

Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

We seek Safe Harbor.

https://www.victorybatterymetals.com/