Patriot Makes New Discovery at the Corvette Property as it Intercepts 100 m of Spodumene-Bearing Pegmatite at CV9, Quebec, Canada

¹ The CV5 mineral resource estimate (109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ inferred) is reported at a cut-off grade of 0.40% Li₂O with effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

¹ The CV5 mineral resource estimate (109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ inferred) is reported at a cut-off grade of 0.40% Li₂O with effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

Criteria

JORC Code explanation

Sampling

techniques

• Nature and quality of sampling (eg cut
  
  channels, random chips, or specific
  
  specialized industry standard
  
  measurement tools appropriate to the
  
  minerals under investigation, such as
  
  down hole gamma sondes, or handheld
  
  XRF instruments, etc). These examples
  
  should not be taken as limiting the
  
  broad meaning of sampling.
• Include reference to measures taken to
  
  ensure sample representivity and the
  
  appropriate calibration of any
  
  measurement tools or systems used.
• Aspects of the determination of
  
  mineralization that are Material to the
  
  Public Report.
• In cases where ‘industry standard’ work
  
  has been done this would be relatively
  
  simple (eg ‘reverse circulation drilling
  
  was used to obtain 1 m samples from
  
  which 3 kg was pulverized to produce a
  
  30 g charge for fire assay’). In other
  
  cases more explanation may be
  
  required, such as where there is coarse
  
  gold that has inherent sampling
  
  problems. Unusual commodities or
  
  mineralization types (eg submarine
  
  nodules) may warrant disclosure of
  
  detailed information.

Drilling techniques

• Drill type (eg core, reverse circulation,
  
  open-hole hammer, rotary air blast,
  
  auger, Bangka, sonic, etc) and details
  
  (eg core diameter, triple or standard
  
  tube, depth of diamond tails, face-
  
  sampling bit or other type, whether core
  
  is oriented and if so, by what method,
  
  etc).

• NQ size core diamond drilling was completed for all holes. Core was not oriented.

Drill sample recovery

• Method of recording and assessing core
  
  and chip sample recoveries and results
  
  assessed.
• Measures taken to maximize sample
  
  recovery and ensure representative
  
  nature of the samples.
• Whether a relationship exists between
  
  sample recovery and grade and whether
  
  sample bias may have occurred due to
  
  preferential loss/gain of fine/coarse
  
  material.

• All drill core was geotechnically logged following
  
  industry standard practices, and includes TCR, RQD,
  
  ISRM, and Q-Method. Core recovery is very good and
  
  typically exceeds 90%.

Logging

• Whether core and chip samples have been
  
  geologically and geotechnically
  
  logged to a level of detail to support
  
  appropriate Mineral Resource
  
  estimation, mining studies
  
  and metallurgical studies.
• Whether logging is qualitative or
  
  quantitative in nature. Core (or costean,
  
  channel, etc) photography.
• The total length and percentage of the
  
  relevant intersections logged.

• Upon receipt at the core shack, all drill core is pieced
  
  together, oriented to maximum foliation, metre marked,
  
  geotechnically logged (including structure), alteration
  
  logged, geologically logged, and sample logged on an
  
  individual sample basis. Core box photos are also
  
  collected of all core drilled, regardless of perceived
  
  mineralization. Specific gravity measurements of
  
  pegmatite are also collected at systematic intervals for
  
  all pegmatite drill core using the water immersion
  
  method, as well as select host rock drill core.
• The logging is qualitative by nature, and includes
  
  estimates of spodumene grain size, inclusions, and
  
  model mineral estimates.
• These logging practices meet or exceed current industry
  
  standard practices.

Sub-sampling

techniques and

sample preparation

• If core, whether cut or sawn and
  
  whether quarter, half or all core taken.
• If non-core, whether riffled, tube
  
  sampled, rotary split, etc and whether
  
  sampled wet or dry.
• For all sample types, the nature, quality
  
  and appropriateness of the sample
  
  preparation technique.
• Quality control procedures adopted for
  
  all sub-sampling stages to maximize 
  
  representivity of samples.
• Measures taken to ensure that the
  
  sampling is representative of the in situ
  
  material collected, including for
  
  instance results for field
  
  duplicate/second-half sampling.
• Whether sample sizes are appropriate to
  
  the grain size of the material being
  
  sampled.

·  N/A, no assay data presented.

Quality of assay

data and laboratory

tests

• The nature, quality and appropriateness
  
  of the assaying and laboratory
  
  procedures used and whether the
  
  technique is considered partial or total.
• For geophysical tools, spectrometers,
  
  handheld XRF instruments, etc, the
  
  parameters used in determining the
  
  analysis including instrument make and
  
  model, reading times, calibrations
  
  factors applied and their derivation, etc.
• Nature of quality control procedures
  
  adopted (eg standards, blanks,
  
  duplicates, external laboratory checks)
  
  and whether acceptable levels of
  
  accuracy (ie lack of bias) and precision
  
  have been established.

• N/A, no assay data presented.

Verification of

sampling and

assaying

• The verification of significant
  
  intersections by either independent or
  
  alternative company personnel.
• The use of twinned holes.
• Documentation of primary data,
  
  data entry procedures, data verification, data
  
  storage (physical and electronic)
  
  protocols.
• Discuss any adjustment to assay data.

• Intervals are reviewed and compiled by the VP
  
  Exploration and Project Managers prior to disclosure,
  
  including a review of the Company’s internal QAQC
  
  sample analytical data.
• Data capture utilizes MX Deposit software whereby
  
  core logging data is entered directly into the software
  
  for storage, including direct import of laboratory
  
  analytical certificates as they are received. The
  
  Company employs various on-site and post QAQC
  
  protocols to ensure data integrity and accuracy.

Location of data

points

• Accuracy and quality of surveys used to
  
  locate drill holes (collar and down-hole
  
  surveys), trenches, mine workings and
  
  other locations used in Mineral 
  
  Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic
  
  control.

• Each drill hole’s collar has been surveyed with a RTK
  
  Trimble Zephyr 3 (or temporarily using a handheld
  
  GPS).
• The coordinate system used is UTM NAD83 Zone 18.
• The Company completed a property-wide LiDAR and
  
  orthophoto survey in August 2022, which provides
  
  high-quality topographic control.
• The quality and accuracy of the topographic controls
  
  are considered adequate for advanced stage exploration
  
  and development, including mineral resource
  
  estimation.

Data spacing and

distribution

• Data spacing for reporting of
  
  Exploration Results.
• Whether the data spacing and
  
  distribution is sufficient to establish the
  
  degree of geological and grade
  
  continuity appropriate for the Mineral
  
  Resource and Ore Reserve estimation
  
  procedure(s) and classifications
  
  applied.
• Whether sample compositing has been
  
  applied.

• Drill hole collar spacing is irregular with varied hole
  
  orientations and multiple collars on the same pad.
• It is interpreted that some of the drill hole spacing may
  
  be sufficient to support a mineral resource estimate.
• Core sample lengths typically range from 0.5 to 1.5 m
  
  and average ~1 m. Sampling is continuous within all
  
  pegmatite encountered in the drill hole.

Orientation of data

in relation to

geological structure

• Whether the orientation of sampling
  
  achieves unbiased sampling of possible
  
  structures and the extent to which this
  
  is known, considering the deposit type.
• If the relationship between the drilling
  
  orientation and the orientation of key
  
  mineralized structures is considered to
  
  have introduced a sampling bias, this
  
  should be assessed and reported if
  
  material.

• No sampling bias is anticipated based on structure
  
  within the mineralized body.
• At CV9, the orientation and geometry of the pegmatite
  
  is still being delineated. The pegmatite is currently
  
  interpreted to be comprised of a single principal dyke,
  
  which outcrops at surface, has a steep northerly dip, and
  
  is moderately plunging to the east-southeast True width
  
  of drill intersections is not known. 

Sample security

• The measures taken to ensure sample
  
  security.

• N/A, no assay data presented.

Audits or reviews

• The results of any audits or reviews of
  
  sampling techniques and data.

• A review of the sample procedures for the Company’s
  
  2021 fall drill program (CF21-001 to 004) and 2022
  
  winter drill program (CV22-015 to 034) was completed
  
  by an Independent Competent Person and deemed
  
  adequate and acceptable to industry best practices
  
  (discussed in a technical report titled “NI 43-101
  
  Technical Report on the Corvette Property, Quebec,
  
  Canada”, by Alex Knox, M.Sc., P.Geol., Issue Date of
  
  June 27^th, 2022.)
• A review of the sample procedures through the
  
  Company’s 2023 winter drill program was completed
  
  by an independent Competent Person with respect to the
  
  CV5 Pegmatite’s maiden mineral resource estimate and
  
  deemed adequate and acceptable to industry best
  
  practices (discussed in a technical report titled ” NI
  
  43–101 Technical Report, Mineral Resource Estimate
  
  for the CV5 Pegmatite, Corvette Property” by Todd 
  
  McCracken, P.Geo., of BBA Engineering Ltd., and
  
  Ryan Cunningham, M.Eng., P.Eng., of Primero Group
  
  Americas Inc., Effective Date of June 25, 2023, and
  
  Issue Date of September 8, 2023.
• Additionally, the Company continually reviews and
  
  evaluates its procedures in order to optimize and ensure
  
  compliance at all levels of sample data collection and
  
  handling.

Criteria

JORC Code explanation

Commentary

Mineral tenement

and land tenure

status

• Type, reference name/number, location
  
  and ownership including agreements or
  
  material issues with third parties such as
  
  joint ventures, partnerships, overriding
  
  royalties, native title interests, historical
  
  sites, wilderness or national park and
  
  environmental settings.
• The security of the tenure held at the time
  
  of reporting along with any known
  
  impediments to obtaining a licence to
  
  operate in the area.

• The Corvette Property is comprised of 424 CDC claims
  
  located in the James Bay Region of Quebec, with
  
  Patriot Battery Metals Inc. the registered title holder for all
  
  of the claims. The northern border of the Property’s
  
  primary claim block is located within approximately 6
  
  km to the south of the Trans-Taiga Road and powerline
  
  infrastructure corridor. At the Property, The CV9
  
  Spodumene Pegmatite is located approximately 14
  
  km west of the CV5 Spodumene Pegmatite, 9.5 km west-
  
  northwest of the CV13 Spodumene Pegmatite, and
  
  11 km south of the Trans-Taiga Road and powerline
  
  infrastructure.
• The Company holds 100% interest in the Property
  
  subject to various royalty obligations depending on
  
  original acquisition agreements. DG Resources
  
  Management holds a 2% NSR (no buyback) on 76
  
  claims, D.B.A. Canadian Mining House holds a 2%
  
  NSR on 50 claims (half buyback for $2M) and Osisko
  
  Gold Royalties holds a sliding scale NSR of 1.5-3.5%
  
  on precious metals, and 2% on all other products, over
  
  111 claims. The vast majority of the CV13 Spodumene
  
  Pegmatite, as is currently delineated, is not subject to a
  
  royalty.
• The Property does not overlap any atypically sensitive
  
  environmental areas or parks, or historical sites to the
  
  knowledge of the Company. There are no known 
  
  hinderances to operating at the Property, apart from the
  
  goose harvesting season (typically mid-April to mid-
  
  May) where the communities request helicopter flying
  
  not be completed, and potentially wildfires depending
  
  on the season, scale, and location.
• Claim expiry dates range from September 2024 to
  
  September 2026. 

Exploration done

by other parties

• Acknowledgment and appraisal of
  
  exploration by other parties.

• No core assay results from other parties are disclosed
  
  herein.
• The most recent independent Property review was a
  
  technical report titled “NI 43-101 Technical Report,
  
  Mineral Resource Estimate for the CV5 Pegmatite,
  
  Corvette Property, James Bay Region, Québec,
  
  Canada”, by Todd McCracken, P.Geo., of BBA
  
  Engineering Ltd., and Ryan Cunningham, M.Eng.,
  
  P.Eng., of Primero Group Americas Inc., Effective Date
  
  of June 25, 2023, and Issue Date of September 8, 2023.

Geology

• Deposit type, geological setting and
  
  style of mineralization.

• The Property overlies a large portion of the Lac Guyer
  
  Greenstone Belt, considered part of the larger La
  
  Grande River Greenstone Belt and is dominated by
  
  volcanic rocks metamorphosed to amphibolite facies.
  
  The claim block is dominantly host to rocks of the
  
  Guyer Group (amphibolite, iron formation,
  
  intermediate to mafic volcanics, peridotite, pyroxenite,
  
  komatiite, as well as felsic volcanics). The amphibolite
  
  rocks that trend east-west (generally steeply south
  
  dipping) through this region are bordered to the north
  
  by the Magin Formation (conglomerate and wacke) and
  
  to the south by an assemblage of tonalite, granodiorite,
  
  and diorite, in addition to metasediments of the Marbot
  
  Group (conglomerate, wacke). Several regional-scale
  
  Proterozoic gabbroic dykes also cut through portions of
  
  the Property (Lac Spirt Dykes, Senneterre Dykes).
• The geological setting is prospective for gold, silver,
  
  base metals, platinum group elements, and lithium over
  
  several different deposit styles including orogenic gold
  
  (Au), volcanogenic massive sulfide (Cu, Au, Ag),
  
  komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and
  
  pegmatite (Li, Ta).
• Exploration of the Property has outlined three primary
  
  mineral exploration trends crossing dominantly east-
  
  west over large portions of the Property – Golden Trend
  
  (gold), Maven Trend (copper, gold, silver), and CV
  
  Trend (lithium, tantalum). The CV5 and CV13
  
  spodumene pegmatites are situated within the CV
  
  Trend. Lithium mineralization at the Property,
  
  including at CV5, CV13, and CV9, is observed to occur
  
  within quartz-feldspar pegmatite, which may be
  
  exposed at surface as high relief ‘whale-back’
  
  landforms. The pegmatite is often very coarse-grained
  
  and off-white in appearance, with darker sections
  
  commonly composed of mica and smoky quartz, and
  
  occasional tourmaline.
• The lithium pegmatites at Corvette are categorized as
  
  LCT Pegmatites. Core assays and ongoing
  
  mineralogical studies, coupled with field mineral
  
  identification and assays, indicate spodumene as the
  
  dominant lithium-bearing mineral on the Property, with
  
  no significant petalite, lepidolite, lithium-phosphate
  
  minerals, or apatite present. The pegmatites also carry
  
  significant tantalum values with tantalite indicated to be
  
  the mineral phase.

Drill hole

Information

• A summary of all information material
  
  to the understanding of the exploration
  
  results including a tabulation of the
  
  following information for all Material
  
  drill holes:
  • easting and northing of the drill hole
    
    collar
  • elevation or RL (Reduced Level –
    
    elevation above sea level in metres) of
    
    the drill hole collar
  • dip and azimuth of the hole
  • down hole length and interception
    
    depth
  • hole length.
• If the exclusion of this information is
  
  justified on the basis that the
  
  information is not Material and this
  
  exclusion does not detract from the
  
  understanding of the report, the
  
  Competent Person should clearly
  
  explain why this is the case.

• Drill hole attribute information is included in a table
  
  herein.  
• Pegmatite intersections of <2 m are not typically
  
  presented as they are considered insignificant.

Data aggregation

methods

• In reporting Exploration Results,
  
  weighting averaging techniques,
  
  maximum and/or minimum grade
  
  truncations (eg cutting of high grades)
  
  and cut-off grades are usually Material
  
  and should be stated.
• Where aggregate intercepts incorporate
  
  short lengths of high grade results and
  
  longer lengths of low grade results, the
  
  procedure used for such aggregation
  
  should be stated and some typical
  
  examples of such aggregations should
  
  be shown in detail.
• The assumptions used for any reporting
  
  of metal equivalent values should be
  
  clearly stated.

• N/A, no assay data presented.

Relationship

between

mineralization

widths and intercept

lengths

• These relationships are particularly
  
  important in the reporting of
  
  Exploration Results.
• If the geometry of the mineralization
  
  with respect to the drill hole angle is
  
  known, its nature should be reported.
• If it is not known and only the down
  
  hole lengths are reported, there should
  
  be a clear statement to this effect (eg ‘
  
  down hole length, true width not
  
  known’).

• Geological modelling is ongoing on a hole-by-hole
  
  basis and as assays are received. However, current
  
  interpretation indicates CV9 is comprised of a single
  
  principal dyke, which outcrops at surface, has a steep
  
  northerly dip, and is moderately plunging to the east-
  
  southeast. A strike length of 450 m has been delineated
  
  through drilling and outcrop.
• All reported widths are core length. True widths are not
  
  calculated for each hole due to the relatively wide drill
  
  spacing at this stage of delineation and the typical
  
  irregular nature of pegmatite, as well as the varied drill
  
  hole orientations. As such, true widths may vary widely
  
  from hole to hole. 

Diagrams

• Appropriate maps and sections (with
  
  scales) and tabulations of intercepts
  
  should be included for any significant
  
  discovery being reported These should
  
  include, but not be limited to a plan
  
  view of drill hole collar locations and
  
  appropriate sectional views.

• Please refer to the figures included herein as well as
  
  those posted on the Company’s website.

Balanced reporting

• Where comprehensive reporting of all
  
  Exploration Results is not practicable,
  
  representative reporting of both low and
  
  high grades and/or widths should be
  
  practiced to avoid misleading reporting
  
  of Exploration Results.

• Please refer to the table(s) included herein as well as
  
  those posted on the Company’s website.
• Results for pegmatite intervals <2 m are not reported.

Other substantive

exploration data

• Other exploration data, if meaningful
  
  and material, should be reported
  
  including (but not limited to):
  
  geological observations; geophysical
  
  survey results; geochemical survey
  
  results; bulk samples – size and method
  
  of treatment; metallurgical test results;
  
  bulk density, groundwater, 
  
  geotechnical and rock characteristics;
  
  potential deleterious or contaminating
  
  substances.

• The Company is currently completing baseline
  
  environmental work over the CV5 and CV13 pegmatite
  
  area. No endangered flora or fauna have been
  
  documented over the Property to date, and several sites
  
  have been identified as potentially suitable for mine
  
  infrastructure. 
• The Company has completed a bathymetric survey over
  
  the shallow glacial lake which overlies a portion of the
  
  CV5 Spodumene Pegmatite. The lake depth ranges
  
  from <2 m to approximately 18 m, although the
  
  majority of the CV5 Spodumene Pegmatite, as
  
  delineated to date, is overlain by typically <2 to 10 m of
  
  water.
• The Company has completed preliminary metallurgical
  
  testing comprised of HLS and magnetic testing, which
  
  has produced 6+% Li₂O spodumene concentrates at
  
  >70% recovery on both CV5 and CV13 pegmatite
  
  material, indicating DMS as a viable primary process
  
  approach, and that both CV5 and CV13 could
  
  potentially feed the same process plant. A DMS test on
  
  CV5 Spodumene Pegmatite material returned a
  
  spodumene concentrate grading 5.8% Li₂O at 79%
  
  recovery, strongly indicating potential for a DMS only
  
  operation to be applicable.
• Various mandates required for advancing the Project
  
  towards economic studies have been initiated, including
  
  but not limited to, environmental baseline, metallurgy,
  
   geomechanics, hydrogeology, hydrology, stakeholder
  
  engagement, geochemical characterization, as well as
  
  transportation and logistical studies.

Further work

• The nature and scale of planned further
  
  work (eg tests for lateral extensions or
  
  depth extensions or large-scale step-out
  
  drilling).
• Diagrams clearly highlighting the areas
  
  of possible extensions, including the
  
  main geological interpretations and
  
  future drilling areas, provided this
  
  information is not commercially
  
  sensitive.

• The Company intends to continue drilling the
  
  pegmatites of the Corvette Property, focused on the
  
  CV5 Spodumene Pegmatite and adjacent subordinate
  
  lenses, as well as the CV13 Spodumene Pegmatite. A
  
  follow-up drill program at the CV9 Spodumene
  
  Pegmatite is anticipated following receipt of assays.