Surge Battery begins fall drill program at Nevada North

Mr. Greg Reimer reports SURGE COMMENCES FALL DRILLING PROGRAM Surge Battery Metals Inc. has officially commenced the fall core drilling program at its Nevada North lithium project (NNLP). Premier Drilling Company of Elko, Nev., has been engaged to provide drilling services for the core drilling program, which will consist of 4,500 feet (1,370 metres) of drilling in nine holes. The initial five holes to be drilled are located on private surface lands, after which the drill rigs will mobilize to the remaining four holes on public lands. Goals for the 2025 drill program include upgrading the resource to the indicated and measured categories as well as collecting geotechnical and hydrogeological data to support the planned prefeasibility study (PFS). Greg Reimer, chief executive officer and director of the company, commented: "Launching this drill program is a significant step as it directly supports our near-term objective to advance the project to PFS stage. This progress will strengthen the NNLP and positions Surge as a key contributor to the future of battery metals supply in the USA." Qualified person Alan J. Morris, MSc, CPG, of Spring Creek, Nev., geological adviser to the company, and a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release. 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 clean, high-grade lithium energy metals in Nevada, United States, a crucial element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX market in the United States, Surge Battery Metals is strategically positioned as a key player in advancing lithium exploration. About the Nevada North lithium project The company owns the Nevada North lithium project, located in the Granite Range southeast of Jackpot, Nev., about 73 kilometres north-northeast of Wells, Elko county, Nevada. The first three rounds of drilling, completed in 2022, 2023 and 2024, identified a strongly mineralized zone of lithium-bearing clays occupying a strike length of more than 4,300 metres and a known width of greater than 1,500 metres. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur during infill drilling. The Nevada North lithium project has a pit-constrained inferred resource containing an estimated 8.65 million tonnes of lithium carbonate equivalent (LCE) grading 2,955 parts per million lithium at a 1,250-part-per-million cut-off. The recently completed PEA (preliminary economic assessment) reported an after-tax net present value (discounted at 8 per cent) of $9.17-billion (U.S.), an after-tax internal rate of return of 22.8 per cent at $24,000 per tonne LCE and an opex (operating expenditure) of $5,243 (U.S.) per tonne LCE. We seek Safe Harbor.