GEM:CC - Green Battery Minerals and VOLT Carbon Successfully Progressing with Air Separation of Bulk Sample

(TheNewswire)

Graphitic Carbon Gradesof up to 71% identified.

Commercial activity initiated with samples to be sentto prospect customers.

Vancouver, BC - TheNewswire - November 1, 2023 - Green Battery Minerals Inc. (" Green" or the"Company") (TSX-V:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) ) and Volt Carbon Technologies Inc. (“ VCT ” or“ Volt Carbon ”, TSX-V: VCT,OTCQB: TORVF, BERLIN: WNF ) are pleased to announce that, further to the Company's pressrelease of August 2, 2023, the firms are progressing  successfullywith the air separation of its bulk sample collected from theCompany’s Berkwood property.

VOLT Carbon has commenced the scale up of itsproprietary graphite beneficiation (mineral extraction) processthrough its unique solvent-free dry separation. The new process,utilizing air rather than solvents, holds great promise to improve theenvironmental footprint of graphite processing operationsdramatically. The companies are collaborating on the scaling up ofthis new, potentially disruptive technology.

To date, 200kg of graphitic rock from the Company’sBerkwood property has been processed. The-graphite concentrate samplesproduced are now being sent to prospective customers looking to secureanode-quality graphite in a market that has stepped up significantlywith close to $100 billion in investments committed to building newbattery capacity in North America.

Tom Yingling, Green Battery Mineral CEO, commented,“We are very pleased with the progress of the separation efforts byVolt using their effluent less beneficiation process. Commercialactivity in the sector is ramping up, a dynamic further strengthenedby the news out ofChina last week. Consequently, havingair separated graphite of the highest quality available to send tothese potential partners is of great value to the Company as wecontinue to develop our Berkwood property towards PEA. The greencredentials, as well as the potential cost savings, have been noted byindustry insiders, and we are engaged in progressively seriousconversations who understand that securing greener graphite will be ofgreat benefit to their operations and brand.”

Bulk Sample Analysis

In the case of Zone 6a, afterprocessing 100kg of material, the highest level of graphitic carbon(Cg) achieved through dry processing came in at 95.1%, alongside 97.7%in total carbon (Ct). Furthermore, an analysis was conducted on thecrushed feedstock and raw material from this zone, revealing that theraw material in its original state exhibited a peak grade of 54.8% Cgand 58.7% Ct. The feedstock, which underwent crushing at Volt'sfacilities, demonstrated a range spanning from 21.2% to 45.7% Cg and31.7% to 71.6% Ct. These outcomes mark the highest ever recordedlevels of Cg and Ct derived from a bulk sample sourced from Zone6.

In the context of skid Zone 1b, afterprocessing 1 kg of material, the most significant outcome from dryprocessing yielded 96.1% (Cg) and 98.1% (Ct). Further detailsregarding Zone 1b will be presented in future reports from VoltCarbon

Figure 1 Z1 high grade rock samplesand dry separated graphite concentrate Oct 9, 2023

To date, VOLT Carbon has successfully completed the dryseparation of 100 kg of rock samples from Zone 1 and an additional 100kg of rock samples from Zone 6. The graphite concentrate produced willbe provided to potential clients for their assessment of thesuitability of Berkwood graphite mineralogy for use in lithium-ionbatteries.

Concurrently, VOLT Carbon has taken on theresponsibility of internally refining the graphite concentrate tocreate a battery-grade anodes for use at its Solid Ultrabattery plantin Guelph, Ontario. This approach allows for the qualification andexpedition of the material through various paths tocommercialization.

Before preparing the graphite concentrate for use asbattery anode material, an analysis of a super jumbo graphite flake'sstructure was analysed using a scanning electron microscope, asillustrated in Figure 2. By employing Energy Dispersive X-Ray Analysis(XRD), Volt Carbon verified the presence of a significant graphiticcontent in the super jumbo graphite flakes which were dry processedfrom the Berkwood samples. These findings align closely with theprevious outcomes of TGA, reinforcing confidence in the high-gradegraphite obtained through the extraction processes. In the upcomingshort-term phase, Volt Carbon's next objective is to further processthis material for coin cell battery testing.

Figure 2: Super Jumbo flake fromZone 6 viewed from Scanning Electron Microscope.

At present Volt Carbon has been authorized and paid byGEM to process 2 tonnes of graphitic material for initial trials andto produce commercial samples for customer trials. Only at thediscretion of GEM will further material from the bulk sample beprocessed and tested.

Mr. Yingling continued, “The extremely high graphitegrades identified by VOLT provide an indication of the unique qualityof our property. Furthermore, as all 27 tonnes of the bulk sample werecollected at surface, we believe that if and when we go intoproduction, we should benefit from an excellent cost profile. Thecombination of our anode-quality graphite, for which industry insidersproject very significant supply shortages ( 97 new mines needed say BenchmarkMetals ), and Volt’s green process, sets usapart in the industry and we believe this enables us to acceleratecommercial activities.”

V -Bond Lee, President and CEO ofVolt Carbon, added: "We've observed that the Berkwood depositboasts remarkably high graphite grades, offering a clear advantagewhen compared to lower-grade deposits. This advantage is attributed tothe unique structure of the extracted graphite flakes, which webelieve is ideal for anode production. Moreover, our technology hasdemonstrated the ability to preserve the structural properties of thenaturally occurring graphite flake, a highly significant factor asthere appears to be a strong relationship between flake structure andthe ability to produce high-grade battery anodes. Over the past fewmonths, our testing has consistently shown that our dry separationprocess yields results comparable to traditionalmethods using flotation. We have successfully generated graphiteconcentrates with a carbon content exceeding 98% Ctotal and 96%Graphitic Carbon Cg. We are confident that the quality of the Berkwoodgraphite ore provides a substantial competitive edge over lower-gradedeposits."

About the Berkwood GraphiteProject

The Berkwood Graphite Project  is locatedwithin the jurisdiction of Quebec, in the Manicouagan Regional CountyMunicipality, three hours driving time from the city of Baie-Comeau.Easy access is provided via a major secondary road and numeroustertiary and forest roads that traverse the property.

The Zone 1 resource lies 8 km southwest ofNouveau Monde’s deposit which has a $3.5 billion NPV on it.  TheCompanies Zone 1 resource, and that of Nouveau Monde, share manysimilar geological characteristics, with the Zone 1 resource being ofexceptionally high grade and coarse flake size by global standards.

The current mineral resource at the Berkwood GraphiteProject includes in-pit constrained resource totalling 1,755,300tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes ininferred resources at 16.39 % Cgr.

Table2: In-pit Resource at Lac Gueret South Project (roundednumbers)

Current Resources (as of June17 th , 2019)

The mineral resource estimates above are described inthe technical report entitled, NI 43-101TechnicalReport 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 CRM sample wasinserted at a ratio of 1 sample in 20 to the sample batch, fieldduplicates were additionally collected to confirm the outcropgeochemistry. All samples were submitted to SGS laboratories, resultsare currently pending.

Qualified Person: Mr. Luke van der Meer, P.Geo. is a Qualified Person( “QP” ) as defined by National Instrument 43-101 guidelines, and hehas reviewed and approved the technical content of this newsrelease.

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, or selling them too. TheGreen Battery Mineral management team’s most recent success isdiscovering the Berkwood graphite resource in Northern Quebec. GreenBattery Mineral owns this asset 100 percent, and the Company’sshareholders will benefit from this asset as the demand for Graphitefor 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:
or 1-604-343-7740

info@greenbatteryminerals.com www.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation:
Certain statements in thisdocument which are not purely historical are forward-lookingstatements, including any statements regarding beliefs, plans,expectations or intentions regarding the future. Forward lookingstatements in this news release include that the Company will carryout the drill program described in this news release, conduct theOffering and expend funds on Berkwood Graphite Project exploration. Itis important to note that the Company's actual business outcomes andexploration results could differ materially from those in suchforward-looking statements. Risks and uncertainties include thatfurther permits may not be granted timely or at all; the mineralclaims may prove to be unworthy of further expenditure; there may notbe an economic mineral resource; methods we thought would be effectivemay not prove to be in practice or on our claims; economic,competitive, governmental, environmental and technological factors mayaffect the Company's operations, markets, products and prices; our specific plans and timingdrilling, field work and other plans may change; we may not haveaccess to or be able to develop any minerals because of cost factors,type of terrain, or availability of equipment and technology; and wemay also not raise sufficient funds to carry out our plans. Additionalrisk factors are discussed in the section entitled "RiskFactors" in the Company's Management Discussion and Analysis forits recently completed fiscal period, which is available underCompany's SEDAR profile 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

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