Vital Battery Metals Inc. announced that the Company has entered into an option agreement to acquire a 100% interest in additional mineral tenure at the Sting Copper Project located 14 km south of the town of Trout River in the province of Newfoundland. The additional acquired mineral tenure (the New Tenure) consists of three mineral licences that cumulatively encompass a land area of approximately 87 km². Recently, the Company reported multiple assay results of grab samples at its Sting Copper Project including up to 17.0% Cu and 4.1g/t gold.

The Company believes these results adequately confirmed the historically reported copper mineralization at the Jumbo Lode Prospect and validates the prospectivity for adjacent mineralized zones. With this, the Company intends on moving forward with more extensive exploration programs throughout the Project. Acquisition Highlights After earning-in under the Agreement, Vital will have a commanding 123 km² land package, making the Company the largest mineral tenure holder in the York Harbour District.

The New Tenure covers an unexplored regional fault structure that is outlined by a magnetic high and located west of the Gregory River Fault Zone. Together with the New Tenure, the Project area now hosts over 40 base and precious metal occurrences that have undergone limited exploration work along a 50 km corridor known for hosting significant Volcanogenic Massive Sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings, mines and projects. Vital believes that the York Harbour area has lacked detailed exploration since the past exploration campaigns of the early to mid 1900's and believes that the abundance of mineral occurrences in the area is vastly underestimated.

Peers in the region have shown significant high-grade drill intercepts of copper and zinc in similar geological formations to those present on the Project, including the New Tenure. Vital is currently formulating a detailed exploration program to further explore the historical mineral occurrences on the Property and generate additional targets in areas that have seen no documented exploration. The New Tenure consists of three mineral licenses encompassing a total land area of approximately 87 km² (8,700 ha) and is situated within an approximate 10km radius of the centre of the originally acquired Sting mineral tenure.

The west mineral licence is underlain geologically by Cambrian to Ordovician mafic intrusions and ophiolitic terrane with a prominent northeast trending fault that is identifiable by a major change in magnetic susceptibility evident in Newfoundland and Labrador government residual magnetic data. The area has many mineral occurrences that coincide with magnetic highs, including York Harbor Metals' York Harbor Project located just 22km to the south west. The west block has had little exploration conducted on it and thus merits more detailed work.

The east mineral licences are situated just 1km from the original southernmost Sting tenure. They are mapped geologically as mafic intrusions, Ordovician in age. The Project hosts multiple historic Newfoundland and Labrador Government-documented mineral occurrences and is located within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings, mines and projects including York Harbour Metals' York Harbour VMS Project with recent diamond drilling results of 5.25% Cu over 29 metres and 2.70% Cu and 9.0% Zn over 25 metres.

One of the most significant historical mineral occurrences located at the Project is the Jumbo. The Jumbo mineral occurrence is located along Jumbo Brook, 14 km south of the town of Trout River, Western Newfoundland. It can be accessed by muskeg trail from Trout River and is only 8 km from tidewater.

Exploration work on the Jumbo dates to 1922 when it was first trenched by Reid NFLD. Co. Ltd, followed by two adits dug in 1953 by Cape Copper Mines.

In 1970, Noranda (defined below) geologically mapped, soil sampled, and conducted multiple geophysical surveys on the showing. In 1979-80, some small exploration programs were executed by several companies including Chevron Minerals, Teck Corporation, RioCan, Placer Development, Utah Mines Ltd. and Noranda Exploration Co. Ltd. Chip and channel sampling completed in 1922 was briefly described as being composed mineralogically of chalcopyrite, chalcocite, pyrite and quartz over an area of approximately 30.5m by 12.1m.

Highlights of sampling done in 1922 can be seen in the following table: Another significant historic mineral occurrence documented by the Government of Newfoundland and Labrador's Mineral Occurrence Database and located 450 metres to the north of Jumbo on the Project is the Red Lode occurrence. The Red Lode occurrence is visible at surface and was also chip and channel sampled in 1922. It returned 1.82 meters of 1.30% and 2.40% copper respectively.

In addition to the Jumbo and Red Lode mineral occurrences, there are over 40 other mineralized showings that can be seen along the Gregory River Fault that have not yet been adequately sampled or drill tested. The recent diamond drilling success at York Harbour Metals' York Harbour Project located 27 kilometers to the south and along strike indicates that the area has significant potential and validates that more detailed geological work is warranted. Terms of the Option Agreement: Under the terms of the Agreement, the Company has the right to acquire a 100% interest in the New Tenure by paying the optionors a cash payment of $40,000 and issuing the Optionors a total of 2,500,000 common shares in the capital of the Company in accordance with the following schedule: $40,000 cash and 1,250,000 Shares upon execution of the Agreement (complete) (the Execution Date); and 1,250,000 Shares on the one-year anniversary of the Execution Date.

In addition, the Company must incur $100,000 of exploration expenditures on the New Tenure on or before the one-year anniversary of the Execution Date. Upon the Company earning in under the Agreement, the Optionors will retain a 2% net smelter returns royalty on the New Tenure, of which the Company may purchase at any time one-half, being 1%, for a price of $1,500,000.