GBMIF - Green Battery Minerals Ships Graphite Bulk Sample to Volt Carbon for Waterless Processing Trial

(TheNewswire)

Email: info@greenbatteryminerals.com

Website: www.greenbatteryminerals.com

Green Battery Minerals Ships Graphite Bulk Sample t o Volt Carbon f or Waterless ProcessingTrial

Optimization of VOLT’s Dry Technology Expected toDeliver Reduced Environmental Footprint, Retained Premium ProductQuality
and Lower Processing Costs

VANCOUVER, BRITISHCOLUMBIA - TheNewswire - August2 nd ,2023, – Green Battery Minerals Inc. (“ GEM ”, ( TSXV:GEM ) , ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) in conjunction withVolt Carbon Technologies Inc. (“ VCT ” or“ Volt Carbon ”, TSX-V: VCT,OTCQB: TORVF, BERLIN: WNF ) is pleased to announce that GEM has excavated and shipped approximately 27 tonnes of graphite from itsBerkwood property to VOLT Carbon for processing using its proprietaryair separation technology. The VCT technology produces no effluent andpromises significantly lower operating costs upon scaling (refer GEMpress release of June 5, 2023).

Approximately 27 tonnes of graphitic mineralizationwere collected from zones 1 and 6 (figure 1) and have since beendelivered to VOLT. The sample will be used in a trial aimed atupsizing VOLT’s technology to commercial scale capability and isexpected to validate the technology’s green credentials as well asprovide data to reduce processing cost.

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Figure 1: Geology of the Berkwood property, claims perimeter and location ofsamples taken at zones 1 and 6.

The bulk sample was planned and supervised by LaurentiaExploration Inc. The coordinates of the two (2) graphite bulk samplesare presented in the table 1 below. The samples were collected bymechanical trenching and oriented orthogonal to the mineralized lens.Trenches were developed to a constant depth, to ensure, as far aspossible, homogeneous and representative sampling.

Table 1: Berkwood property Bulk samples coordinates.

Figure 2 showsthe bulk sample pit on zone 6.   As the excavator dug down to the bed rock we discover the out crop expanded and extended in alldirections. Figure3 , is at the entrance to Zone 1 and shows boththe skids full of rock samples from the bulk sample pit and diggerloaded and ready for transportation.

Figure 2: Low-cost surface excavation of outcropping graphite at the BerkwoodProject bulk sample site on Zone 6.

Figure 3: Bulksample material being loaded at the Berkwood Project Zone 1 site, foron road delivery to VOLT Carbon.

Tom Yingling, Green Battery Minerals CEO, commented,“ Our collaboration withVOLT looks to innovation to improve the graphite beneficiationparadigm toward a cleaner EV value chain. We are confident that largeflake natural graphite resources will remain in high demand owing tothe EV / battery revolution and we believe that meaningful innovationin processing will position GEM to be in a strong position to includehigh-performance cleantech in future project feasibility work. Byfocusing on a process that achieves high separation efficiencieswithout compromising the quality of end-products we improve ourpotential to become a supplier to the lithium-ion batterymarket .”

V-Bond Lee, President and CEO of Volt Carbon, added,“ With access to GEM'sgraphite via our partnership, we are empowered to expedite theadvancement of our technology towards commercialization. We believeour dry separation technology has the potential to effectively tacklecritical challenges in the graphite mining industry, particularlyconcerning waste generation and costs. By resolving these obstacles,we are further facilitating the widespread adoption of essential,environmentally beneficial technologies. ”

Figure 4: GEM’s graphite arriving at Volt Carbon

About VOLT Carbon

VOLT Carbon is a publicly traded carbon sciencecompany, with specific interests in energy storage and green energycreation, with holdings in mining claims in the provinces of Ontario,Quebec and British Columbia in Canada. For the latest information onVOLT Carbon’s properties and news please refer to the website www.voltcarbontech.com .

About GEM

Green Battery Minerals, is managed by a team with over150 years of collective experience with a proven track record of minediscovery, commissioning and operation. Green Battery Minerals owns100% of the Berkwood graphite deposit in Québec. Green BatteryMinerals’ goal is to define sufficient graphite to ensure Berkwoodgraphite deposit will be resourced to mine high-demand product insufficient quantities to comprise a significant feed the electricvehicle battery market for multiple decades.

The in-pit constrained mineral resources at theBerkwood Graphite Project includes 1,755,300 tonnes at 17.00 %graphite (“ Cgr ”) (indicated resources) and 1,526,400 tonnes at 16.39 %Cgr (inferred resource).

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

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The above referenced mineral resource estimate isdescribed in a technical report: “43-101 Technical Report MineralResource Estimate on the Lac Gueret South Graphite Property, Quebec,Canada”, with an effective date of June 19 th , 2019 anddated June 30 th , 2019, by Edward Lyons, PGeo., FlorentBaril, ing., and Claude Duplessis, ing.

The report is available online on SEDAR and at:

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

Qualified Person

Maxime Bouchard, Geo., M.Sc., (OGQ #1752) of LaurentiaExploration Inc. (3415, rue de l'Énergie Jonquière, Québec G7X0J6), an independent Qualified Person as defined by Canadian NI 43-101standards, has reviewed, and approved the geological informationreported in this news release.

(NOTE 1: Source of what is inside a battery: https://elements.visualcapitalist.com/the-key-minerals-in-an-ev-battery/ )

On behalf of the Board of Directorsof Green Battery Minerals Inc,

Thomas Yingling
President, CEO & Director

Contacts:
Tel: (604-343-7740)
info@greenbatteryminerals.com www.greenbatteryminerals.com

On behalf of the Board of Directorsof Volt Carbon Technologies Inc,

V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director

Contacts:
Email: info@voltcarbontech.com
Tel: (647-546-7049)

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 release.

FORWARD LOOKINGSTATEMENTS: This pressrelease contains forward-looking statements, within the meaning ofapplicable securities legislation, concerning Volt’s business andaffairs. In certain cases, forward-looking statements can beidentified by the use of words such as “plans”, “expects” or“does not expect”, “intends” “budget”, “scheduled”,“estimates”, “forecasts”, “intends”, “anticipates” orvariations of such words and phrases or state that certain actions,events or results “may”, “could”, “would”, “might” or“will be taken”, “occur” or “be achieved”.

These forward-looking statements arebased on current expectations and are naturally subject to uncertaintyand changes in circumstances that may cause actual results to differmaterially. Forward-looking statements involve significant risks anduncertainties, should not be read as guarantees of future performanceor results, and will not necessarily be accurate indications ofwhether or not such results will be achieved. Such statements includethe statement with respect to: (i) GEM’s and Volt Carbon’s beliefthat large and jumbo sized flakes attain premium pricing due to theirhigh-end performance as anode material for lithium-ion batteries; (ii)the ability of Volt Carbon to collect sufficient data during thefeasibility phase to allow Volt Carbon to reasonably estimate thecapital expenditures required to manufacture the proprietary portablemachinery needed to conduct the bulk-sampling phase; (iii) theexpectation that the ore processing will cost an aggregate of$50K/ton; (iv) the expectation that Volt Carbon will need to raiseadditional capital to fund the manufacture of the portable machinery;(v) the expectation that the flake graphite extracted from thebulk-samples will be saleable; (vi) the belief by GEM and Volt Carbonthat the sale of the flake graphite extracted from the bulk-sampleswill result in profits. A number of factors, including those discussedabove, could cause actual results to differ materially from theresults discussed in the forward-looking statements. Any suchforward-looking statements are expressly qualified in their entiretyby this cautionary statement.

All of the forward-lookingstatements made in this press release are qualified by thesecautionary statements. Readers are cautioned not to place unduereliance on such forward-looking statements. Forward-lookinginformation is provided as of the date of this press release, and GEMKand Volt assume no obligation to update or revise them to reflect newevents or circumstances, except as may be required under applicablesecurities legislation.

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