VANCOUVER,BC,Sept. 18,2024 -- September 18,2024 – Sydney,Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA)is pleased to announce results of voting at its Annual General Shareholder Meeting held on Tuesday,September 17,2024,at 4pm (Eastern Time) in Montreal,Quebec,Canada (the "Meeting").
All matters submitted to shareholders for approval as set out in the Company's Notice of Annual General Meeting of Shareholders and Information Circular (the "Circular"),datedAugust5,wereapproved by the requisite majority of votes cast at the Meeting.
A total of 49,735,927 common shares were voted atthe Meeting,representing approximately 35.237% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.
As required under ASX Listing Rule 3.13.2,we advise details of resolutions passed,the proxies received and the total number of votes cast for each resolution as set out at Appendix 1,which includes detailed voting results for the election of each director nominated in the Company's Circular.
A report with the final results on all matters voted on at the Meeting will also be filed on SEDAR+ under Patriot'sprofile atwww.sedarplus.ca.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district- scale100%owned ShaakichiuwaanaanProperty(formerlyknownasCorvette)locatedintheEeyouIstchee James BayregionofQuebec,Canada,which isaccessible year-roundbyall-season road andisproximalto regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource1,which includes the CV5 & CV13 spodumene pegmatites,totals 80.1Mt at 1.44%Li2O Indicated,and 62.5Mt at 1.31% Li2O Inferred,and ranks as the largest lithium pegmatite resource in the Americas,and the 8thlargest lithium pegmatite resource in the world. Additionally,the Shaakichiuwaanaan Property hosts multiple other spodumene pegmatiteclustersthatremaintobedrill tested,aswellassignificantareasofprospectivetrendthatremain to be assessed.
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5Indicated,and 62.5Mt at1.31% Li2O and 147 ppmTa2O5ppm Inferred)is reportedat a cut-offgrade of0.40% Li2O (open-pit),0.60% Li2O (underground CV5),and 0.80% Li2O (underground CV13) with an Effective Date of August 21,2024 (through drill hole CV24-526). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
For further information,please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279- 8709,or visit www.patriotbatterymetals.com. Please also refer to the Company's continuous disclosure filings,available under its profile at www.sedarplus.ca and www.asx.com.au,for available exploration data.
Thisnewsreleasehasbeenapproved bytheBoardofDirectors.
"KENBRINSDEN"
KennethBrinsden,President,CEO,& Managing Director
Qualified/CompetentPerson
The technical information in this news release is based on,and fairly represents,information from the report titled "NI 43-101 Technical Report,Preliminary Economic Assessment forthe Shaakichiuwaanaan Project,JamesBayRegion,Québec,Canada"withanIssueDateofSeptember12,andEffectiveDateofAugust 21,2024reviewedandapprovedbyMr.Darren L.Smith,M.Sc.,P.Geo.,whoisaQualifiedPerson asdefined byNational Instrument 43-101 – Standards of Disclosure for Mineral Projects,and member in good standing with theOrdre des Géologues du Québec(Geologist Permit number 01968),and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868).
Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.
Mr. Smith has sufficient experience,which is relevant to the style of mineralization,type of deposit under consideration,and to the activities being undertaken to qualify as a Competent Person as described by theAustralasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion inthis news release of the matters in the form and context in which they appear.
APPENDIX1–Results ofAnnualGeneral MeetingofShareholders.
Resolution
Resolution
Result
Numberofvotescast inMeeting
Instructionsgiven tovalidlyappointedproxies
For
Against
Withheld/Abstain
For
Against
Withheld/Abstain
Discretion
1aElectionofDirector-
Pierre Boivin
Pass
43,256,149
95.60%
N/A
1,992,860
4.404%
43,860
4.40%
--
1bElectionofDirector -
44,024,359
N/A
1,224,650
44,650
--
Brian Jennings
Pass
97.29%
2.71%
97.29%
2.71%
1cElectionofDirector -
44,173,979
N/A
1,075,030
44,030
--
Ken Brinsden
Pass
97.62%
2.38%
97.62%
2.38%
1dElectionofDirector -
43,336,514
N/A
1,912,495
43,495
--
DavidBlairWay
Pass
95.77%
4.23%
95.77%
4.23%
1eElectionofDirector -
42,978,599
N/A
2,270,410
42,410
--
Mélissa Desrochers
Pass
94.98%
5.02%
94.98%
5.02%
2.Appointment ofAuditor
Pass
49,651,546
N/A
66,064
49,064
--
99.87%
0.13%
99.87%
0.13%
3.Ratificationofprevious
--
issuance of Shares under the Flow-ThroughFinancing
Pass
34,004,868
94.79 %
140,496
0.39 %
1,728,248
4.82%
34,868
94.79%
140,496
0.32%
1,248
4.82%
Placement
4.Ratificationofprevious
--
issuanceofSharesfor
Pass
45,160,720
63,882
24,407
45,407
acquisitionofblocksatthe
99.81%
0.14%
0.05%
99.81%
0.14%
0.05%
EastmainProject
5.Ratificationofprevious
issuance of Shares for
Pass
45,010,275
64,327
24,407
--
acquisitionofJBN-57claim
99.80%
0.14%
0.05%
99.80%
0.14%
0.05%
block
6.Approvaltoissue FY24
38,804,897
2,757,072
9,653
38,653
--
Optionsand DSUsto Ken
Pass
93.35%
6.63%
0.02%
93.35%
6.63%
0.02%
Brinsden
7.Approvaltoissue FY24
28,196,818
13,365,152
9,653
28,653
--
OptionsandDSUsto Pierre
Pass
67.83%
32.15%
0.02%
67.83%
32.15%
0.02%
Boivin
8.Approval to issue FY24 OptionsandDSUstoMélissa Desrochers
Pass
28,197,082
67.83%
13,364,888
32.15%
9,653
0.02%
28,653
0.02%
-
9.Approvaltoissue FY24
DSUstoBrianJennings
Pass
38,628,852
92.92%
2,933,118
7.06%
9,653
0.02%
38,653
0.02%
-
10.Approvaltoissue DSUs tonon-executiveDirectors for FY25
Pass
38,633,556
92.93%
2,927,964
7.04%
10,103
0.02%
38,103
0.02%
--
11.ApprovaltoissueSalary Sacrifice DSUs to non-
executiveDirectorsforFY25
Pass
38,698,451
93.09%
2,862,228
6.89%
10,944
0.03%
38,944
0.03%
--
12.Approvaltoissue RSUs and PSUs to Ken Brinsden for FY25
Pass
38,351,700
92.255%
3,210,269
7.72%
9,700
92.26%
3,653
0.02%
-
Brad Seward: Vice President,Investor Relations T: +61 400 199 471,E:bseward@patriotbatterymetals.com; OlivierCaza-Lapointe,Head,Investor Relations – North America,T: +1 (514) 913-5264,E:ocazalapointe@patriotbatterymetals.com
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