Surge Battery Metals has fully subscribed financing

Mr. Greg Reimer reports SURGE BATTERY METALS ANNOUNCES NON-BROKERED LIFE OFFERING IS FULLY SUBSCRIBED Surge Battery Metals Inc. has fully allocated its previously announced non-brokered private placement offering of up to 20 million units at a price of 25 cents per offered unit for aggregate gross proceeds of $5-million, pursuant to the listed issuer financing exemption available under under Part 5A of National Instrument 45-106, Prospectus Exemptions. Each offered unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of 40 cents for a period of three years from the date of issuance. In connection with the offering 3L Capital Inc. is acting as financial adviser to the transaction. The offering document relating to the LIFE offering can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors in the LIFE offering should read the offering document before making an investment decision. Closing is scheduled to take place on or about Oct. 7, 2025. Closing of the LIFE offering is subject to certain conditions, including, but not limited to, the receipt of the approval of the TSX Venture Exchange. As described in greater detail in the offering document, the company may pay finders' fees and issue finders' warrants in connection with the LIFE offering, as permitted by applicable securities laws and the rules of the TSX Venture Exchange. As previously announced and described in greater detail in the offering document, the company is undertaking the LIFE offering in connection with its recently announced letter of intent with Evolution Mining Ltd. to establish a joint venture on the Nevada North lithium project. Proceeds of the LIFE offering will position Surge to meet near-term funding commitments under the contemplated JV structure, while also advancing exploration and development activities at Nevada North. In addition, the LIFE offering will strengthen the company's balance sheet and provide working capital flexibility as Surge progresses discussions with Evolution and continues to pursue new project opportunities. About Surge Battery Metals Inc. Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North lithium project. The project focuses on exploring for clean, high-grade lithium energy metals in Nevada, a crucial element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX in the United States, Surge Battery Metals is strategically positioned as a key player in advancing lithium exploration.