Battery Mineral to arranges $34.88M private placement

Mr. Lazaros Nikeas reports BATTERY MINERAL RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Battery Mineral Resources Corp. intends to complete a non-brokered private placement of 174,430,850 common shares of the company at a price of 20 cents (14.5 U.S. cents) per common share for aggregate gross proceeds of approximately $34,886,170 ($25.3-million (U.S.)). The net proceeds of the private placement will be used by the company for general working capital purposes. Completion of the private placement is subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada. No finders' fees are payable in connection with the private placement. About Battery Mineral Resources Corp. Battery Mineral Resources operates the Punitaqui mining complex, a historic copper-, gold- and silver-producing mine in the Coquimbo region of Chile. The company's portfolio also includes 100-per-cent-owned ESI Energy Services Inc. and North American mineral exploration assets. The company is focused on providing shareholders with accretive exposure to copper and the global trend of electrification while targeting growth through cash flow, exploration and acquisitions in favourable mining jurisdictions. We seek Safe Harbor.