GEM - Green Battery to sell Graphite online with Volt Carbon

(TheNewswire)

July 18th, 2024 – TheNewswire - VANCOUVER, B.C. - Green Battery MineralsInc. (" Green" or the "Company") (TSX-V: GEM, FSE:BK2P, WKN: A2QENP, OTC: GBMIF) is pleased toannounce that further to the news release dated June 5th  2023 Green Battery Minerals andVolt Carbon Technologies Enter Into Preliminary Mineral ProcessingAgreement

https://greenbatteryminerals.com/green-battery-minerals-and-volt-carbon-technologies-enter-into-preliminary-mineral-processing-agreement/ )  Volt has informed Green that they plan on sellingGraphite from an online portal as early as August 2024.   Further tothe news release dated August 2 nd 2023, Green Battery Minerals ShipsGraphite Bulk Sample to Volt Carbon for Waterless Processing Trial https://greenbatteryminerals.com/green-battery-minerals-ships-graphite-bulk-sample-to-volt-carbon-for-waterless-processing-trial/ ) Green shipped abulk sample to Volt for testing  of Volts air separation as well asto create samples to ship to potential offtake and investmentpartners, and potential sales of graphite to specialty purchasers aswell as graphene.  Volt has informed Green that this portal should beopen mid-August 2024.   The first sales should prove full cycle ofout of the ground, air processing and sales.

The online store.

Providing Graphite to the online store is part of Green BatteryMinerals strategy to scale up its dry separation processing and sales. As part of our partnership and preliminary Mineral ProcessingAgreements, NR June 5 th 2023, we are furthering our relationship by selling our Graphitedirectly to the market.  Other graphite and graphene companies arehaving success with their online stores and Volt and Green hope to beable to repeat these successes.  We will be selling into the drylubricant’s graphite, expandable graphite, graphene products,battery anodes, thermal management projects, as well as otherspecialty uses.  Graphite will be sold in quantities from 100 gramsto 5 kilograms.

Tom Yingling, President and CEO of Green Battery states “The retail pricing for specialtygraphite is significantly higher than bulk sales.  Together with Voltwe look forward to providing a unique ESG friendly product with apotentially reduced carbon footprint to be purchased by an exclusiveclientele.  Management of Green is pleased to provide this additionof online sales to its shareholders but wants to reassure itsshareholders that management is still working towards offtakeagreements, joint venture partners and or investment from potentialmajors. There is only one producing graphite mine in North America. This mine will not be able to keep with the forecasted demand forgraphite in the future.  The current mineral resource at GreenBatteries Berkwood Graphite Project includes in-pit constrainedresource totalling 1,755,300 tonnes of indicated resources at 17.00 %Cgr and 1,526,400 tonnes in inferred resources at 16.39 % Cgr.  Withplans to expand this current mineral resource Green Battery hopes tohelp satisfy some of the future demand.”

V-Bond Lee, CEO of Volt Carbon Technologies Inc. states “ GEM's high-grade graphite rock has been successfully tested throughour proprietary dry separation process yielding high purity graphiteconcentrate without the use of any water, chemicals or wet tailings. We're thrilled to confirm that their material will be one of thegraphite sources for our online store. This partnership, under ourmineral processing agreement signed last year, will see profits fromthese sales split equally, making this an exciting opportunity forboth companies .”

Termination of OptionAgreement

With reference to prior news release dated June 11, 2024, Green Battery Minerals Inc . announces that the Companyand Volt Carbon have mutually agreed to terminate their arm’s lengthoption agreement ( the"Agreement") with respect to GEM’s BerkwoodGraphite Project, located in Northern Quebec.  GreenBattery has withdrawn its application to TSX Venture Exchange(“TSX-V”) for approval of the Agreement.

About the Berkwood GraphiteProject

The Berkwood Graphite Project is located withinthe 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 of Nouveau Monde’s(NYSE-NMG) deposit which has a $3.5 billion NPV on it.  The CompaniesZone 1 resource, and that of Nouveau Monde, share many similargeological characteristics, with the Zone 1 resource being ofexceptionally high grade and coarse flake size by global standards. Recently Nouveau Monde successfully announced a $150 million-dollarfinancing and offtake agreements with both General Motors andPanasonic.

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 43-101 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 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 themtoo. The Green Battery Mineral management team’s most recent successis discovering the Berkwood graphite resource in Northern Quebec.Green Battery 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:

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's actualbusiness outcomes and exploration results could differ materially fromthose in such forward-looking statements. Risks and uncertaintiesinclude that further permits may not be granted timely or at all; themineral claims may prove to be unworthy of further expenditure; theremay not be an economic mineral resource; methods we thought would beeffective may 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 antici pated by the forward-looking statementswill occur or, if they do occur, what benefits the Company will obtainfrom them.  These forward-looking statements reflect management'scurrent views 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 risk factors.Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this NewsRelease.

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