GEM:CC - Green Battery and Volt Carbon manufacture initial Lithium Ion Batteries with graphite anodes that require no acid purification flotation spheroidization or carbon coating.

(TheNewswire)

Highlights

Coin cells were fabricated by VoltCarbon using a graphite anode produced from Green Battery's Berkwoodmineral deposit Zone 6

The anode material was fabricatedfrom entirely dry processing of the mineral samples provided to Voltleading to an enhanced ESG score and a significantly reduced carbonfoot print.

The test data from Volt affirms thehigh quality and integrity of Green Batteries' graphite mineralogy forLIBs.

The anode material was created byomitting several traditional costly processes, including flotation,acid purification, spheroidization, and graphitization.

The timeline from graphitic rock to anode and,ultimately, to a lithium-ion battery was less than 4 months, as aresult of the innovative proprietary processes employed.

VANCOUVER, BC - TheNewswire - December 12th, 2023 - GreenBattery Minerals Inc. (” Green” or the “Company”)(TSX-V:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) ) and Volt CarbonTechnologies Inc. (“ VCT ” or “ VoltCarbon ”, TSX-V: VCT, OTCQB: TORVF,BERLIN: WNF ) are pleased to announce thetest results of their LIB.

Volt Carbon Technologies Inc. is pleased to announcethe commencement of battery anode development using graphite refinedfrom Green Battery Minerals Berkwood property, accompanied by therelease of initial test results affirming the high-grade graphite'ssuitability for lithium-ion batteries.

Utilizing the super jumbo flake graphite concentratederived from rock samples provided by Gren Battery to Volt in July2023, Volt's Scarborough facility successfully executed a dryseparation process, yielding a record-high total carbon content of98.4%, as announced on August 15, 2023. Under the guidance of Dr.Aiping Yu, Volt's newest Board Member and University of WaterlooProfessor, the graphite underwent a straightforward mechanicalreduction process to achieve battery-grade anode sizes without theneed for additional purification treatment.

This process used no harmful chemicals and did not gothrough two very costly and energy consuming processes ofsphericalizing and coating.   These two steps in the future may beadded and tested which may improve the battery performance.

Dr. Yu's team extensively characterized the graphiteusing techniques such as x-ray diffraction (XRD), Inductively CoupledPlasma Mass Spectrometry (ICP-MS), and scanning electron microscopes(SEM), confirming its suitability for further battery anodedevelopment. This involved coin cell fabrication through astraightforward micronization process applied to the flake graphiteconcentrate.

Subsequently, coin cells were manufactured alongsidebenchmarked samples of commercially available graphite anodes and arecurrently undergoing cycle testing at both Solid Ultrabattery's andthe University of Waterloo's labs. Initial coin cell testing revealeda capacity of 344mAh/g, achieved without any chemical processes andunder entirely dry handling conditions andwithout the use of spheroidization and carbon coating. This highlightsthe efficacy of the mechanical reduction process and underscores thepromising potential of sustainable dry-separated graphite for batteryapplications. With further process adjustments, the company aims toachieve results exceeding 360 mAh/g in the upcoming quarter.

The XRD and Raman shift plots below show thesimilarities of Green Batteries natural graphite structure againstcommercial battery grade anodes. The integrity of the graphitestructure is evaluated by the ID/IG ratio of the samples. All of GreenBatterys samples showed approximately the same ratio as the commercialanode.

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These outcomes mark the initial stride in optimizingGreen Batteries graphite for lithium-ion batteries, reinforcing VoltCarbon's commitment to advancing battery technologies, as explicitlystated in our July 24, 2023, press release. Volt Carbon remainsdedicated to refining dry processes for converting Green Batteriesmaterials into battery-grade anodes, maximizing value with our mineralprocessing agreement with Green Battery while driving significanttechnical progress in the North American battery materials supplychain.

" Theconstraints on graphite trade in North America have spurred ourdetermination to innovate and develop resources sustainably andcost-effectively within the region. We have determined through testingthat high-grade graphite mineral deposits provides significantadvantages, making the processing to graphite concentrate and anodesmuch simpler compared to low-grade deposits. We're on the brink of agreat opportunity, and I'm eagerly looking forward to the upcomingresults from our highly qualified technical teams " - V-Bond Lee, CEO of Volt Carbon Technologies.

Tom Yingling President and CEO States: “ We are very impressedwith Volts air separation  process.  The air separation processmaintains the integrity of the large flake which has goodCrystallinity and capacity for LIB.”

In July Green Battery gave Volt 27 tonnes of graphiticmaterial from its Berkwood Property.  Volt has susquently crushed,air sepatrated the graphite from that material,  and created lithiumion batteries with it.

About the Berkwood GraphiteProject

The Berkwood Graphite Project islocated within the jurisdiction of Quebec, in the Manicouagan RegionalCounty Municipality, three hours driving time from the city ofBaie-Comeau. Easy access is provided via a major secondary road andnumerous tertiary and forest roads that traverse the property.

The Zone 1 graphite resource lies 8 km southwest ofNouveau Monde's deposit, which has a $3.5 billion NPV on it.  TheCompany believes its Zone 1 resource, and that of Nouveau Monde, sharemany similar geological characteristics, with Zone 1 beingexceptionally high grade and coarse flake size by global standards.

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

In-pit Resource at Lac Gueret South(Berkwood Graphite Project) (rounded numbers)

Current Resources (as of June17 th , 2019)

The mineral resource estimates above are described inthe technical report entitled, NI 43-101 TechnicalReport Mineral Resource Estimate onthe Lac Gueret South Graphite Property, Quebec, Canada. With anEffective date of  June 30th, 2019, by Edward Lyons, PGeo., FlorentBaril, 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 accordingto CIM best practices, selected samples were collected byrepresentative rock chips into numbered samples bags. A total of five(5) samples (including 1 blank and 1 standard) were shipped to ALSCanada Ltd. In Val-d’Or. They were prepared (PREP-31a) and analyzedby the lab for carbon (graphite; C-IR18) and for total carbon andtotal sulphide (ME-IR08). The standard used is an Oreas 723 (5.87 %graphitic carbon). Sample analysis results are not yet available.

The historical data presented in this release isderived from public domain reports, the results have not been verifiedby the author, no subsequent drilling has been completed to confirmthe drilled intersections of graphite from LG-13-04N.

Sources:

1. Roy, I., 2004; Projet Lac Guéret Nord (1339N): Rapportsur les travaux d'exploration 2004 Secteur du Bloc C. SOQUEM INC. etQuinto Technology Inc. https://gq.mines.gouv.qc.ca/documents/examine/GM61184/GM61184.pdf

2. Caron, Y., 2013; Propriete du Lac Gueret: Rapport desForages D’Exploraion, Region La Cote-Nord, Quebec. Mason GraphiteInc. https://gq.mines.gouv.qc.ca/documents/examine/GM68992/GM68992.pdf

3. Cassoff, P., Grandillo, A., Piciacchia, L., Fortier,S., Duplessis, C., and Rachidi, M., 2018; NI 43-101 Technical ReportFeasibility Study Update – Lac Guéret Graphite Project. MasonGraphite Inc. Effective Date: December 5, 2018. https://masongraphite.com/wp-content/uploads/2021/06/a53b7c_22115be39ccf4d85b9579f359680997c.pdf

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 Green BatteryMineral management team’s most recent success is discovering theBerkwood graphite resource in Northern Quebec. Green Battery Mineralowns this asset 100 percent, and the Company’s shareholders willbenefit from this asset as the demand for Graphite for electricvehicles 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 - 1111Melville Street, Vancouver , BC, V6E 3V6
Phone: (604) 343-7740

FOR MORE INFORMATION, PLEASECONTACT:

Investor Relations:
or 1-604-343-7740

info@greenbatteryminerals.com www.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation:

Certain statements in this documentwhich are not purely historical are forward-looking statements,including any statements regarding beliefs, plans, expectations orintentions regarding the future. Forward looking statements in thisnews release include that the Company will carry out the drill programdescribed in this news release, conduct the Offering and expend fundson Berkwood Graphite Project exploration. It is important to note thatthe Company's actual business outcomes and exploration results coulddiffer materially from those in such forward-looking statements. Risksand uncertainties include that further permits may not be grantedtimely or at all; the mineral claims may prove to be unworthy offurther expenditure; there may not be an economic mineral resource;methods we thought would be effective may not prove to be in practiceor on our claims; economic, competitive, governmental, environmentaland technological factors may affect the Company's operations,markets, products and prices; our specific plans and timing drilling,field work and other plans may change; we may not have access to or beable to develop any minerals because of cost factors, type of terrain,or availability 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 Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this

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