Battery Mineral Resources Corp. provided abroad corporate update on its recent accomplishments in Chile as it moves its Punitaqui mine complex towards a production restart. The Punitaqui mine and mill have been on continuous care and maintenance since April 2020, when copper prices as low as $2.00 per pound forced the previous operators to cease operations.

The Phase 1 drill program at the Punitaqui Mining complex was completed in May and all assays have now been received and reported. The final tally for the Phase 1 program totalled nearly 33,000 meters ("m") of diamond drilling focusing on three zones: San Andres, Dalmacia and Cinabrio Norte. The results of these drilling campaigns will be combined with historical drilling and resource estimates will be calculated and reported.

In addition, the current remaining resources for the Cinabrio mine, which fed the Punitaqui copper processing plant for eight-plus years, will be included in the report. The Company's management are very excited with the results of the Phase 1 program for several reasons, as follows: Dalmacia- A change in drilling azimuth and dip discovered several new areas of mineralization and was also able to connect several smaller zones into larger bodies which are more suitable for larger scale mining. The focus area for the upcoming resource statement covers approximately one-third of the known strike length and BMR is optimistic further infill drilling could lead to a significantly larger resource as the remaining two-thirds of the strike is explored.

Cinabrio Norte The drilling results reported from Cinabrio Norte were very encouraging as this area immediately north of the Cinabrio mine had very minor drilling prior to the recent Phase 1 surface drilling program. The Company now expects the Cinabrio Norte zone will be included in the upcoming resource estimate. This is particularly important since this zone is approximately 110m north of the 220m level in the Cinabrio mine and can therefore be accessed from Cinabrio with relatively little effort.

The Cinabrio Norte zone is open at depth, which BMR plans to continue drilling from underground once access has been established. San Andres - Infill and step out drilling intersected broad areas of copper mineralization to the north and south. The main mineralized zone has now been traced for up to 450m in strike, up to 200m in width and up to 30m in thickness.

The company expects that San Andres will be included in the upcoming resource estimate. The planning for a Phase 2 RC infill drill program at San Andres is well underway with the construction of all drill pads completed. JDS Energy and Mining Inc. are working to complete the updated NI 43-101 resource estimate at the Punitaqui mining complex since receiving all final assays from the Phase 1 drill program.

An NI 43-101 resource is to be received in the next three to four weeks.