Vancouver, BC – September 5th, 2023 – FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company”) is pleased to share the positive results of Drill Hole LC23-67 which represents a significant development for the Company’s efforts to work towards its  maiden resource estimate at the flagship Augustus Lithium Property (“Augustus”).  

Drill hole LC23-67 penetrated a lithium mineralization zone with a width of 23 meters at an impressive grade of 1.29%  lithium oxide (Li2O) grade at a drilled depth of 161.5 meters. Moreover, the section exhibits highly anomalous values of other rare and valuable metals, including beryllium (Be) at 133.63 ppm, cesium (Cs) at 184.49 ppm, niobium (Nb) at 59.89 ppm, tantalum (Ta) at 53.12 ppm, and rubidium (Rb) at 1,337 ppm, as detailed in Table 1.

This new intersection further delineates the mineralization potential of the Augustus central zone. Throughout the 2021, 2022 and 2023 drill programs, lithium bearing pegmatites have been traced continuously by drilling (at approximately 100 to 200 m spacing) at Augustus and remains open along strike at both ends and at depth. The Company has also demonstrated success in locating multiple lithium-bearing pegmatites in new and old showings over a significant strike length across the entire project.

Drill hole LC23-67 was located at coordinates 5368019.747 , 287236.622 E, UTM NAD 1983 Zone 18N, drilled toward the southwest at 224 degrees with dip -52.48. The hole was cored to a drilled depth of 285 meters. This pivotal drilling took place within the heart of the main Augustus zone.

Quality control and quality assurance (QA/QC) measures have been implemented during the exploration process. The core logging and sampling procedures occur at the core shack, equipped with a rock saw, located in St-Dominique du Rosaire village, approximately 50 kilometers from the Property. Field duplicates, standards, and blanks are regularly incorporated at industry-standard intervals to ensure the accuracy and reliability of results. The collected samples have been meticulously prepared and delivered to Activation Laboratories (“ACTLABS”) in Ancaster, Ontario, an independent and ISO Certified Laboratory, for analysis using laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2).

Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has meticulously reviewed and endorsed the scientific and technical data presented in this news release.

ON BEHALF OF THE BOARD OF  

FE BATTERY METALS CORP.

“Gurminder Sangha”
Gurminder Sangha
CEO & Director

For further information, please contact the Company at: gsangha@febatterymetals.com  or (604) 375-6005

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-looking Information 

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the Company’s information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Table 1: Drill Hole LC23-67 Assay Highlights