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Vancouver, B.C. (August 15, 2023) – FE Battery Metals Ltd. CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce the assay results from newly discovered lithium pegmatite zones to the southeast of its main Augustus exploratory drilling area at the Augustus Lithium Property in Quebec, Canada. The assays are from a recently concluded field prospecting, sampling and mapping program completed with a focus on following up drone and airborne geophysical survey targets identified along an approximately 10 km long structural corridor showing four lithium prospects..( Figure 1) A total of 74 surface samples were collected during the field program indicating lithium oxide (Li2O) values in the range of less than 15 parts per million (ppm) lithium to 2.58 percent (%) Li2O. There are anomalous values of other rare metals including beryllium (Be), cesium (Cs), Niobium (Nb), rubidium (Rb) and tantalum (Ta). This newly located area sits only 2.9kms from the mineralized pegmatite bodies of Quebec’s largest lithium mine, the North American Lithium (“NAL”) mine, operated by Sayona Mining Ltd.
Assay Highlights (Table 1)
- A total of 26 samples were collected from Augustus East pegmatites near the NAL mine, out of which 11 samples have over 1% Li2O and two samples over 2% Li2O with a maximum of 2.58% Li2O. Additionally, 3 samples are over 0.50% Li2O.
- Ten samples collected from Mc Neely prospect showing moderate to low values of lithium oxide.
- Ten samples were collected from the Canadian Lithium / Beluga prospect indicating lithium values in the range of 15ppm to 2.37% Li2O. The purpose of this sampling was to locate new lithium pegmatites and find extension of the Beluga prospect.
- 15 samples collected from Baillarge N-E lithium prospect also show low values of lithium oxide.
- Ten samples collected from a new pegmatite outcrop at the Keyboy prospect showed lithium values in the range of less than 15 ppm to 4,350 ppm (0.94% Li2O).
Gurminder Sangha, CEO of FE stated “The Company is thrilled about these remarkable assay results from our recent exploration efforts in the lithium-rich region of Quebec, Canada. Importantly, this newly discovered lithium-rich area is located a mere 2.9 kilometers from the mineralized pegmatite bodies of Quebec’s largest lithium mine, the North American Lithium (“NAL”) mine. The Company is carrying out an extensive prospecting, mapping, and sampling program during this summer. We look forward to providing further updates on our progress as we proceed with our exploration efforts in this highly prospective region.”
Photo of spodumene crystals showing high grade lithium pegmatite
Sample Preparation and Analysis
The surface sampling was carried out using a rock saw and other hand tools by cutting about 20-30 cm long, 5 cm wide and 3-5 cm deep cuts in bedrock. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 with sodium peroxide fusion – ICP and ICP / MS. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained 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.
Figure 1: Showing 10km long structural corridor with lithium prospects and NAL mine
Table 1: Assay highlights for surface samples
| Analyte Symbol | Location | Li | Li2O | Be | Cs | Nb | Rb | Ta | Showing |
| Unit Symbol | NAD 1983 | ppm | % | ppm | ppm | ppm | ppm | ppm | |
| Detection Limit | Zone 18N | 15 | 0.01 | 3 | 0.1 | 2.4 | 0.4 | 0.2 | |
| Analysis Method | FUS-Na2O2 | ||||||||
| 1160746 | 18 U 288065 5366728 | 2,040 | 0.44 | 11 | 38.9 | 74.8 | 2000 | 19.3 | Augustus E |
| 1160747 | 18 U 288090 5366752 | 4,670 | 1.00 | 51 | 26.3 | 78.9 | 764 | 41.3 | Augustus E |
| 1160748 | 18 U 288108 5366764 | 2,150 | 0.46 | 96 | 35.4 | 73 | 1200 | 43.2 | Augustus E |
| 1160749 | 18 U 288128 5366740 | 197 | 0.04 | 22 | 42.9 | 61.5 | 746 | 57.7 | Augustus E |
| 1160750 | 18 U 288156 5366717 | 925 | 0.20 | 46 | 25.2 | 85.7 | 767 | 30.9 | Augustus E |
| 1160751 | 18 U 288189 5366697 | 1,480 | 0.32 | 49 | 67.6 | 89.4 | 2350 | 40 | Augustus E |
| 1160752 | 18 U 288131 5366814 | 88 | 0.02 | 40 | 34.9 | 35.2 | 1150 | 28.6 | Augustus E |
| 1160753 | 18 U 288128 5366806 | 63 | 0.01 | 256 | 65.2 | 69.7 | 2220 | 33.3 | Augustus E |
| 1160754 | 18 U 288157 5366768 | 141 | 0.03 | 710 | 83.6 | 48.9 | 2110 | 22.6 | Augustus E |
| 1160755 | 18 U 288128 5366756 | 4,250 | 0.91 | 19 | 24.6 | 86 | 983 | 26 | Augustus E |
| 1160756 | 18 U 288126 5366757 | 6,780 | 1.46 | 5 | 21 | 57.9 | 1260 | 18.8 | Augustus E |
| 1160757 | 18 U 288113 5366764 | 8,410 | 1.81 | 3 | 52.9 | 103.7 | 1880 | 25.8 | Augustus E |
| 1160758 | 18 U 288114 5366768 | 3,130 | 0.67 | 7 | 33.9 | 46.8 | 1860 | 17.1 | Augustus E |
| 1160759 | 18 U 288105 5366784 | 10,700 | 2.30 | 26 | 12.8 | 72.4 | 451 | 21.2 | Augustus E |
| 1160760 | 18 U 288104 5366788 | 6,140 | 1.32 | 6 | 10.9 | 140.3 | 577 | 28.6 | Augustus E |
| 1160761 | 18 U 288112 5366770 | 8,300 | 1.78 | 7 | 17.5 | 125.5 | 784 | 31.2 | Augustus E |
| 1160762 | 18 U 288121 5366762 | 3,760 | 0.81 | 129 | 46.9 | 89.5 | 1460 | 59.7 | Augustus E |
| 1160763 | 18 U 288167 5366725 | 8,570 | 1.84 | 6 | 10.5 | 65 | 323 | 20.9 | Augustus E |
| 1160764 | 18 U 288174 5366734 | 7,930 | 1.70 | 6 | 9.8 | 79.3 | 449 | 23 | Augustus E |
| 1160765 | 18 U 288392 5366877 | 65 | 0.01 | 42 | 30.6 | 75.5 | 1300 | 63.7 | Augustus E |
| 1160766 | 18 U 288393 5366884 | 31 | 0.01 | 85 | 19.7 | 92.1 | 609 | 64.1 | Augustus E |
| 1160767 | 18 U 288553 5366604 | 12,000 | 2.58 | 185 | 53 | 89.5 | 843 | 35 | Augustus E |
| 1160768 | 18 U 288576 5366598 | 5,460 | 1.17 | 381 | 75.1 | 92.2 | 1230 | 48.9 | Augustus E |
| 1160769 | 18 U 288617 5366547 | 8,150 | 1.75 | 522 | 50.8 | 117.2 | 655 | 50.1 | Augustus E |
| 1160770 | 18 U 288808 5366397 | 5,920 | 1.27 | 317 | 47.9 | 76.6 | 1270 | 28.6 | Augustus E |
| 1160771 | 18 U 288902 5366371 | < 15 | NA | 19 | 15 | 84.1 | 827 | 39.7 | Augustus E |
| 1160772 | 18 U 288606 5366737 | 62 | 0.01 | 253 | 44.8 | 77.8 | 1310 | 43.5 | Augustus E |
| 1160773 | 18 U 288572 5366905 | < 15 | NA | 8 | 52.7 | 17.1 | 2300 | 20.5 | Augustus E |
| 1160774 | 18 U 288538 5366983 | 21 | 0.00 | 15 | 26.4 | 128.8 | 1240 | 62.6 | Augustus E |
| 1160701 | 18 U 285515 5367572 | 113 | 0.02 | 14 | 17.9 | 120.7 | 619 | 49.9 | Mc Neely sud |
| 1160702 | 18 U 285678 5367559 | 248 | 0.05 | 5 | 44.6 | 51.5 | 1710 | 15.4 | Mc Neely sud |
| 1160703 | 18 U 285494 5367457 | 46 | 0.01 | 4 | 27.4 | 119.3 | 1070 | 27.9 | Mc Neely sud |
| 1160704 | 18 U 285528 5367438 | 55 | 0.01 | 5 | 23.3 | 72.3 | 1290 | 17.1 | Mc Neely sud |
| 1160705 | 18 U 285441 5367586 | 52 | 0.01 | 6 | 13.2 | 58.8 | 419 | 26.3 | Mc Neely sud |
| 1160706 | 18 U 285442 5367596 | 94 | 0.02 | 10 | 17.3 | 78.4 | 702 | 24.9 | Mc Neely sud |
| 1160707 | 18 U 285455 5367647 | 150 | 0.03 | 74 | 505 | 101.4 | 3700 | 68 | Mc Neely sud |
| 1160708 | 18 U 285858 5367408 | 20 | 0.00 | 5 | 18.9 | 69.7 | 980 | 21 | Mc Neely sud |
| 1160709 | 18 U 285408 5367678 | 31 | 0.01 | 8 | 6 | 186.8 | 204 | 36 | Mc Neely sud |
| 1160710 | 18 U 285488 5368008 | 18 | 0.00 | 29 | 2.3 | 5.4 | 49.5 | 1.4 | Mc Neely sud |
| 1160711 | 18 U 284893 5368121 | < 15 | NA | 5 | 23.4 | 72.7 | 1070 | 28.7 | Near hole LC21-03 |
| 1160712 | 18 U 284844 5368054 | 117 | 0.03 | 42 | 59.9 | 78.7 | 1520 | 23.8 | Near hole LC21-03 |
| 1160713 | 18 U 284962 5368274 | 11,000 | 2.37 | 196 | 50 | 23.9 | 1330 | 24.2 | Near hole LC21-03 |
| 1160714 | 18 U 284973 5368282 | 430 | 0.09 | 35 | 117 | 311.5 | 3610 | 322 | Near hole LC21-03 |
| 1160715 | 18 U 285061 5368265 | 219 | 0.05 | 4 | 49.3 | 28.8 | 2080 | 12.3 | Near hole LC21-03 |
| 1160716 | 18 U 285092 5368257 | 108 | 0.02 | 338 | 45.9 | 58.6 | 1390 | 24.9 | Near hole LC21-03 |
| 1160717 | 18 U 285130 5368247 | 52 | 0.01 | 239 | 38.6 | 72.4 | 879 | 67.5 | Near hole LC21-03 |
| 1160718 | 18 U 285148 5368243 | 246 | 0.05 | 10 | 53.6 | 62.9 | 1500 | 45.2 | Near hole LC21-03 |
| 1160719 | 18 U 285162 5368236 | 56 | 0.01 | 290 | 41.7 | 83.9 | 1000 | 69.5 | Near hole LC21-03 |
| 1160720 | 18 U 284882 5368149 | 47 | 0.01 | 157 | 33.4 | 82.2 | 1270 | 36.4 | Hole LC21-03 south |
| 1160721 | 18 U 283971 5358301 | < 15 | NA | 12 | 27.9 | 62 | 943 | 29.8 | Baillargé N-E |
| 1160722 | 18 U 283964 5358299 | < 15 | NA | 6 | 38.2 | 40.7 | 1770 | 16.5 | Baillargé N-E |
| 1160723 | 18 U 284032 5358586 | 21 | 0.00 | 8 | 31 | 21 | 1600 | 7.7 | Baillargé N-E |
| 1160724 | 18 U 284355 5359196 | 41 | 0.01 | 7 | 46.5 | 55.7 | 1700 | 24.3 | Baillargé N-E |
| 1160725 | 18 U 284356 5359334 | 66 | 0.01 | 28 | 23.8 | 55.6 | 704 | 47.5 | Baillargé N-E |
| 1160726 | 18 U 284492 5359400 | 86 | 0.02 | 6 | 26.4 | 85 | 1340 | 16.2 | Baillargé N-E |
| 1160727 | 18 U 284516 5359409 | < 15 | NA | 6 | 20.3 | 58.2 | 1260 | 16.8 | Baillargé N-E |
| 1160728 | 18 U 284693 5359413 | 26 | 0.01 | 3 | 62 | 37.3 | 2680 | 12.6 | Baillargé N-E |
| 1160729 | 18 U 284865 5359430 | 31 | 0.01 | 3 | 38.6 | 179.3 | 1350 | 84.7 | Baillargé N-E |
| 1160730 | 18 U 284910 5359433 | 54 | 0.01 | 7 | 35.6 | 96.6 | 666 | 16.2 | Baillargé N-E |
| 1160731 | 18 U 284381 5359655 | 67 | 0.01 | 7 | 18.6 | 38.9 | 581 | 22.8 | Baillargé N-E |
| 1160732 | 18 U 284379 5359646 | 100 | 0.02 | 6 | 48.9 | 71.3 | 1690 | 19.1 | Baillargé N-E |
| 1160733 | 18 U 283998 5359938 | 27 | 0.01 | < 3 | 69.3 | 29.9 | 2610 | 14.7 | Baillargé N-E |
| 1160734 | 18 U 284004 5359933 | 57 | 0.01 | 5 | 25.2 | 55.4 | 1170 | 12.3 | Baillargé N-E |
| 1160735 | 18 U 284069 5360196 | 83 | 0.02 | 4 | 43.6 | 96.2 | 1590 | 37 | Baillargé N-E |
| 1160736 | 18 U 283490 5368957 | < 15 | NA | 148 | 1.6 | 60 | 6.4 | 107 | Keyboy new outcrop |
| 1160737 | 18 U 283488 5368954 | 4,350 | 0.94 | 108 | 40.4 | 54.4 | 1200 | 66.8 | Keyboy new outcrop |
| 1160738 | 18 U 283489 5368949 | 2,340 | 0.50 | 96 | 38 | 65.5 | 1680 | 67.1 | Keyboy new outcrop |
| 1160739 | 18 U 283488 5368959 | 24 | 0.01 | 281 | 6 | 71.4 | 11.2 | 86.1 | Keyboy new outcrop |
| 1160740 | 18 U 283477 5368948 | < 15 | NA | 162 | 1.5 | 69.8 | 6.8 | 102 | Keyboy new outcrop |
| 1160741 | 18 U 283485 5368933 | < 15 | NA | 340 | 2.2 | 40.2 | 3.4 | 46.1 | Keyboy new outcrop |
| 1160742 | 18 U 283472 5368990 | 4,420 | 0.95 | 211 | 61.3 | 64.5 | 1570 | 102 | Keyboy new outcrop |
| 1160743 | 18 U 283463 5368990 | < 15 | NA | 267 | 3.4 | 59.1 | 4.9 | 113 | Keyboy new outcrop |
| 1160744 | 18 U 283573 5368977 | < 15 | NA | 7 | 0.2 | 55.8 | 1.6 | 74.6 | Keyboy new outcrop |
| 1160745 | 18 U 283632 5368950 | 3,540 | 0.76 | 236 | 60.2 | 37.9 | 1710 | 51.6 | Keyboy new outcrop |