Battery Mineral sells Gowganda claims to Nord Precious

Mr. Lazaros Nikeas reports BATTERY MINERAL RESOURCES ANNOUNCES SALE OF GOWGANDA CLAIMS TO NORD PRECIOUS METALS Battery Mineral Resources Corp. has entered into a definitive agreement dated Jan. 4, 2026, with Nord Precious Metals Mining Inc. to sell the company's 100-per-cent interest in the Gowganda silver tailings project mining leases in Ontario, Canada. Laz Nikeas, chief executive officer of Battery, stated: "We are pleased to enter into this transaction for our shareholders, providing approximately $6.0-million of value along with a 3.0-per-cent NSR royalty. The transaction allows us to realize on the value of the silver tailings and includes royalty upside to provide ongoing exposure to the asset. Upon completion of this transaction, we will become a shareholder of Nord and will continue to support and encourage their efforts." Transaction summary Under the purchase agreement, Nord has agreed to buy the company's four mining leases (LEA-109391 to LEA109394) comprising the Gowganda silver tailings project on an as-is, where-is basis for the following consideration: $1-million cash on the closing date; $1.25-million in Nord shares on the closing date at a deemed price equal to 28.4 cents per share; A 3.0-per-cent net smelter return (NSR) royalty on the Gowganda silver tailings project; Deferred consideration of $1.25-million on each of the first, second and third anniversaries of the closing date of the transaction for aggregate deferred consideration of $3.75-million. At the election of Nord, up to 50 per cent of each deferred consideration may be satisfied in Nord common shares at a deemed price per share equal to the greater of: (i) the 25-day volume-weighted average trading price per Nord common share on the TSX Venture Exchange ending on the last trading day preceding the applicable payment date; and (ii) the minimum price permitted by the TSX-V. The Nord common shares to be received by the company will be subject to a statutory hold period of four months and one day from the date of issuance. The transaction is an arm's-length transaction for the company and no finders' fees are payable in connection with the transaction. The closing of the transaction is subject to certain closing conditions, such as conditional approval of the TSX-V. The transaction is expected to be completed in mid-January, 2026. About Battery Mineral Resources Corp. Battery is operating 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-pepr-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.