Fuse Battery Metals Inc. announced the Company has received assay results from the recently completed drill program at the Glencore Bucke Project located just outside Cobalt Ontario and near the cobalt refinery of Electra Battery Metals Corporation. The drill program was engineered to follow-up existing intercepts from the 2017-2018 drill programs in addition to testing the First Priority Targets outlined in the geophysical report completed by Simcoe Geoscience in August 2022. The 2022 drill program had a budget of CAD 500,000. The drill program completed 13 drill holes for a total of 1842 meters. Towards the North-West part of the property, five drill holes were planned to follow up on the areas underneath T-18, GB17-21, GB18-36, and GB17-15 further down-dip of the existing structures. They were designed to test the vein continuity, as well as test the continuation of the copper-rich sulphide zones previously encountered. These include drill holes GB22-46, GB22-47. GB22-48, GB22-49, and GB22-50. The results from these drill holes are comparable to the intercepts encountered in previous drill programs, and prove the mineralization continues further at depth in the Main Zone. The drill was then moved east and southward to test the geophysical IP anomalies and interpreted structural features that may be of interest. Four holes were planned to test these features. They include holes GB22-51, GB22-52, GB22-53, and GB22-54. No significant values were intercepted in
these holes. Towards the South part of the property, four holes were planned with three purposes in mind. The first was to follow-up existing intercepts from GB18-44. The second was test the geophysical targets in this area, and the third was to determine if any of the structures or veins continue southward and trend onto the Teledyne property. These holes include GB22-55, GB22-56, GB22-57, and GB22-58. These holes contained two excellent Cobalt results and suggests the mineralization may in fact continue further southward onto Teledyne. The Glencore Bucke Property consists of two patented mining claims totaling approximately 16.2 ha in area located on the west boundary of Fuse's Teledyne Cobalt Project. The company recognizes the significant exploration potential that the Property has due to the possible southern extensions of veins from the Cobalt Contact Mine property adjoining to the north that could project southward onto the Property. Their work delineated two mineralized zones, named the Main Zone and Northwest Zone, measuring 500 ft (152.4 m) and 200 ft (70.0 m) in length respectively on the Glencore Bucke property.