GEM - Green Battery Minerals Identifies Numerous New Pegmatite Outcrops at its Jupiter Lithium Project in James Bay Quebec

(TheNewswire)

Green Battery Minerals: The JupiterLithium Project

October 19 th , 2023 – TheNewswire - VANCOUVER, B.C. - Green Battery MineralsInc. (" Green" or the "Company")(TSXV:GEM ) , ( FSE:BK2P ) , ( WKN:A2QENP ), ( OTC:GBMIF) is pleased to announce that it has completed a preliminaryreconnaissance and rock chip sampling program at its highlyprospective Jupiter Lithium Property in James Bay. The Boots on theGround work program was completed mid-September, during which periodfield crews successfully identified and sampled numerous previouslyundocumented Pegmatite outcrops. In total, the Company collected 48samples, which were delivered to SGS Laboratories for geochemicalassay and analysis.

TomYingling , President and CEO of GEM Commented : “Having found a large number ofpreviously unidentified pegmatites at our James Bay Jupiter lithiumproperty we have added significant potential value to this excitingproject,” stated CEO Tom Yingling. “We are eagerly anticipatingthe outcome of our sampling work, especially considering the majorlithium resources identified proximal to the Jupiter property. This field program was anenormous success and has not only expanded our understanding of thegeological landscape but has also opened up exciting possibilities forfurther exploration. The remaining unexplored pegmatites hold furtherpotential for additional resource discovery. ”

Helicopter-Assisted Rock SamplingProgram: Preliminary Results.

During the Company’s inaugural exploration program,the team found a number of previously undocumented pegmatites on theproperty and were successfully able to visit approximately half thehistorically recorded pegmatites. These impressive coarse-grainedpegmatites were found to be up to 30 m wide and extended along strikefor 100’s of meters. These large dyke-like structures presentedlogistical advantages providing direct helicopter access to the mostintriguing outcrops on the property, emphasizing theirimportance.

Click Image To View Full Size

Figure 1 :Dyke-like Pegmatitic outcrop at the North end of the JupiterProperty.

Click Image To View Full Size

Figure 2 :Geological field crews on an expansive Pegmatitic outcrop at the Northend of the Jupiter Property.

A total of 48 samples were collected from pegmatiticoutcrops across the property, including samples from at least 10discrete pegmatite intrusives in the northern part of the property.Multiple distinct pegmatitic generations were observed on theproperty, all displaying encouraging indications of mineral zonationand evolved fractionation across the multitude of pegmatites observed.

Click Image To View Full Size

Figure 3 : Figure 3: Overview ofnorthern sampling areas with large outcropping dyke likepegmatites.

The 51 samples (including three QAQC samples) collectedhave been submitted to SGS Laboratories in Val-d'Or Quebec to beanalyzed by four acid 54 element analysis – sodium peroxide fusion,ICP-AES / ICP-MS analysis including Li, Cs & Ta. The results areanticipated to be delivered in 6 – 8 weeks. This analysis will allowus to utilize invaluable geochemical pathfinder proxy indicatormethods in vectoring for lithium mineralized pegmatite dykes on theProperty.

This field program was an enormous success and has notonly expanded our understanding of the geological landscape but hasalso opened up exciting possibilities for further exploration andresearch. The remaining unexplored pegmatites hold the potential foradditional revelations, which could significantly contribute to ourknowledge of pegmatite geology and potential mineral resources in theregion.

Click Image To View Full Size

Figure 3: 2023 Rock sampleLocations, Jupiter Property Claims Disposition and PegmatiteDescription across the local district.

About the Jupiter Property

The Jupiter Property was optioned to explore for Lithium bearingLithium-Cesium-Tantalum (“LCT”) Pegmatites and for potential RareEarth Elements (“REE”) deposits. The property is an early-stageexploration opportunity which comprises a total of 122 Quebec mineralexploration claims which amount to a total of 6,406 hectares. Up to 33pegmatite occurrences were identified by historical governmentmapping, rock samples collected adjacent to the property returned upto 315ppm lithium. These claims are strategically located within theJames Bay lithium prospectivity area within which are the NemaskaLithium, James Bay Lithium and Rose Critical Elements deposits. TheJupiter Property meets Company’s goal of discovering deposits thathost the elements critical to Lithium-Ion batteries.

Property Highlights

• The Jupiter property is located within the La Grandegeological sub-province in an area known to comprise porphyritic andmagnetic tonalites characterised by later injections of pinkpegmatite.

• Up to 33 pegmatite occurrences have been identified bygovernment mapping completed over the property. Rock samples collectedadjacent to the property returned up to 315ppm lithium.

• The Jupiter claims are located over regionally elevatedlake bottom sediment geochemical anomalism for Lithium, with values upto 100ppm along the down ice trend of the property.

• Float Plane and Helicopter accessible, approximately175 km south of Radisson, and 25 km southwest of the Eleonore Mine andAirstrip. The northern infrastructure corridor comprising ‘Rte de laBaie-James’ provincial highway and three Power transmission linesare located approximately 35 – 50km east of the property .

Green Battery Metal Critical MineralsProperty Portfolio:

• Berkwood Graphite Project – Quebec. Graphite Project

• Jupiter – Quebec. Lithium Pegmatite (LCT) prospect

• Stallion – British Columbia. Copper Porphyry, Epithermal Au+Agprospect

• Boudrias – Quebec. Nickel Copper (PGE) prospect

About the Berkwood GraphiteProject

The Berkwood Graphite Project is located within the jurisdiction of Quebec, inthe Manicouagan Regional County Municipality, three hours driving timefrom the city of Baie-Comeau. Easy access is provided via a majorsecondary road and numerous tertiary and forest roads that traversethe property.

The Zone 1 deposit lies 8 km southwest ofNouveau Monde’s deposit which has a $3.5 billion NPV on it.  TheCompanies Zone 1 deposit, and that of Nouveau Monde, share manysimilar geological characteristics, with the Zone 1 deposit 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.

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

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 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 - 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; ourspecific plans and timing drilling, field work and other plans maychange; we may not have access to or be able to develop any mineralsbecause of cost factors, type of terrain, or availability of equipmentand technology; and we may also not raise sufficient funds to carryout our plans. Additional risk factors are discussed in the sectionentitled "Risk Factors" in the Company's ManagementDiscussion and Analysis for its recently completed fiscal period,which is available under Company's SEDAR profile at www.sedar.com .  No assurance can be given that any ofthe events anticipated by the forward-looking statements will occuror, if they do occur, what benefits the Company will obtain fromthem.  These forward-looking statements reflect management's currentviews and are based on certain expectations, estimates andassumptions, which may prove to be incorrect. Except as required bylaw, we will not update these forward-looking statement riskfactors.
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

Copyright (c) 2023 TheNewswire - All rights reserved.