GBMIF - Green Battery and ESG-friendly Battery Developer Volt Carbon Technologies to co-develop the Berkwood Graphite Project

(TheNewswire)

JUNE 11th, 2024, - TheNewswire - VANCOUVER, B.C. Green Battery Minerals Inc.(" Green" or the "Company") (TSX-V: GEM, FSE:BK2P, WKN: A2QENP OTC: GBMIF) is pleased toannounce that the Company has entered into an option agreementwith Volt Carbon Technologies Inc. (TSX-V: VCT) (“Volt” or “VoltCarbon”) enabling Volt Carbon to acquire a 5% interest in theBerkwood Graphite Project (“Berkwood”) by funding $150,000 inexploration before December 31, 2024 and making a one-time cashpayment of $1,500,000 on or before December 31, 2025.

Tom Yingling, President and CEO of Green commented: “We are pleasedto continue working with Volt Carbon technologies.  We firstannounced working with Volt on May 16 th , 2023 See news release May16 th , 2023 “Green Battery Minerals StrengthenESG Credentials through Successful Air Separation Test of ItsGraphite.” Since that announcement Volt has informedGreen Battery that they have created lithium-ion batteries withmaterials from the Berkwood graphite project using Volt's proprietarygraphite processing technology. Volt has informed Green Battery thatthey have been able to do so without needing any water, chemicals, orreagents, to produce significantly greener, cleaner, and moreenvironmentally friendly batteries.  Auto manufacturers and batteryproducers are looking for a clean North American-based supply chain ofbattery minerals. One of the primary uses for graphite is that it isused as the anode material in lithium-ion batteries.  Currently,there is only one producing graphite mine in North America.  Numerousmore graphite mines will be needed to keep up with the ElectricVehicle (EV) demand that is forecasted. The current mineral resourceat Green Batteries Berkwood Graphite Project includes in-pitconstrained resource totalling 1,755,300 tonnes of indicated resourcesat 17.00 % Cgr and 1,526,400 tonnes in inferred resources at 16.39 %Cgr.  With plans to expand this current mineral resource GreenBattery hopes to help satisfy some of that demand.”

About the Berkwood Property OptionAgreement

Under the terms of the agreement signed June 10 th , 2024, Green will grant Voltan option to acquire a 5% interest in the Berkwood Graphite Project. Volt has agreed to spend $150,000 on exploring the Berkwood GraphiteProject before December 31, 2024.  As part of the agreement, Greenwill issue Volt 4,000,000 shares of the Company in tranches as certainmilestones are met and all shares to be issued will be issued with afour month plus one day hold period.  To exercise the option toacquire 5% of the Berkwood Graphite Project, Volt will be required tomake a cash payment to Green of $1,500,000 on or before December 31,2025.  This 5% interest can be repurchased from Volt for a payment of$1,800,000 at any time.

The terms of the agreement remains subject to the approval of the TSXVenture Exchange, including the issuance of the common shares.  Anyshares to be issue will be issued with the required 4 month plus oneday hold period.

About the Berkwood GraphiteProject

The Berkwood Graphite Project is located within the jurisdiction ofQuebec, in the Manicouagan Regional County Municipality, three hoursdriving time from the city of Baie-Comeau.  Easy access is providedvia a major secondary road and numerous tertiary and forest roads thattraverse the property.

The Zone 1 resource lies 8 km southwest of Nouveau Monde’s depositwhich has a $3.5 billion NPV on it.  The Companies Zone 1 resource,and that of Nouveau Monde, share many similar geologicalcharacteristics, with the Zone 1 resource being of exceptionally highgrade and coarse flake size by global standards.  Recently NouveauMonde successfully announced a $150 million-dollar financing andofftake agreements with both General Motors and Panasonic.

The current mineral resource at the Berkwood Graphite Project includesin-pit constrained resource totalling 1,755,300 tonnes of indicatedresources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at16.39 % Cgr.

Table 2: In-pit Resource at LacGueret South Project (rounded numbers)

Current Resources (as of June 17,2019)

The mineral resource estimates above are described in the technicalreport entitled, NI 43-101 Technical Report MineralResource Estimate on the Lac Gueret South GraphiteProperty, Quebec, Canada.  With an Effective date of June 30, 2019,by Edward Lyons, PGeo., Florent Baril, ing., and Claude Duplessis,ing.

Link to Report:

https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf

QAQC Comments: All samples were collected by typical field methods according to CIMbest practices, selected samples were collected by representative rockchips into numbered samples bags, a CRM sample was inserted at a ratioof 1 sample in 20 to the sample batch, field duplicates wereadditionally collected to confirm the outcrop geochemistry.  Allsamples were submitted to SGS laboratories, results are currentlypending.

About the Company: Green Battery Minerals is managed by a team with over 150years collectively with a proven track record of not just findingnumerous mines but building and operating them too.  The GreenBattery Mineral management team's most recent success is discoveringthe Berkwood graphite resource in Northern Quebec.  Green BatteryMineral owns this asset 100 percent, and theCompany’s shareholders will benefit from this asset as the demandfor Graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling’

President, CEO & Director

2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B4W8

Phone: (438) 469-0705

#1100 - 1111 Melville Street, Vancouver , BC, V6E 3V6

Phone: (604) 343-7740

FOR MORE INFORMATION, PLEASECONTACT:

Investor Relations: info@greenbatteryminerals.com or1-604-343-7740

Website: www.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation: Certainstatements in this document which are not purely historical areforward-looking statements, including any statements regardingbeliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that theCompany will carry out the drill program described in this newsrelease, conduct the Offering and expend funds on Berkwood GraphiteProject exploration.  It is important to note that the Company'sactual business outcomes and exploration results could differmaterially from those in such forward-looking statements.  Risks anduncertainties include that further permits may not be granted timelyor at all; the mineral claims may prove to be unworthy of furtherexpenditure; there may not be an economic mineral resource; methods wethought would be effective may not prove to be in practice or on ourclaims; economic, competitive, governmental, environmental andtechnological factors may affect the Company's operations, markets,products and prices; our specific plans and timing drilling, fieldwork and other plans may change; we may not have access to or be ableto develop any minerals because of cost factors, type of terrain, oravailability of equipment and technology; and we may also not raisesufficient funds to carry out our plans.  Additional risk factors arediscussed in the section entitled "Risk Factors" in theCompany's Management Discussion and Analysis for its recentlycompleted fiscal period, which is available under Company's SEDARprofile at www.sedar.com .  Noassurance can be given that any of the events anticipated by theforward-looking statements will occur or, if they do occur, whatbenefits the Company will obtain from them.  These forward-lookingstatements reflect management's current views and are based on certainexpectations, estimates and assumptions, which may prove to beincorrect.  Except as required by law, we will not update theseforward-looking statement risk factors.  Neither TSX Venture Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this News Release.

Copyright (c) 2024 TheNewswire - All rights reserved.