South Star Battery Metals Announces Non-Brokered Private Placement, Amendment To Stream Agreement And Extension Of Promissory Note |

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of units (the "Units") at a price of C$0.53 per Unit to raise up to C$5,250,000. Management expects the private placement to be fully subscribed. The Company has also amended the terms of its previously announced (see April 5, 2022 and April 18, 2022 press releases) stream agreement (the "Stream Agreement") and promissory note (the "Promissory Note") with Sprott Private Resource Streaming and Royalty (B) Corp. ("Sprott") for the Santa Cruz Graphite Project in Brazil. Canaccord Genuity Corp. was engaged as a financial advisor to South Star on this placement.

Each Unit will consist of one (1) common share of the Company and one (1) common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one (1) additional common share of the Company at an exercise price of C$1.25 per share for a period of five years from the date of issue. The Warrants will be subject to an acceleration clause (described in more detail below).

Closing of the Private Placement is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV"). Proceeds from the Private Placement will be used for exploration, development, construction activities, corporate G&A and general working capital requirements. Proceeds from the Private Placement, when aggregated with the proceeds from the private placement that closed on June 23, 2022, are expected to satisfy the condition precedent of the Stream Agreement that the Company raise a minimum of C$6 million.

The Company may pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSXV. The securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Company may, in its sole discretion, exercise an over-allotment option pursuant to which it may increase the size of the Private Placement by up to 15%.

The acceleration clause of the Warrants will provide that, if, during any period of ten (10) consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants, the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$2.50 on each day, the Company may, within thirty (30) days of such an occurrence, give written notice to the holders of the Warrants that all unexercised Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice. Upon receipt of such notice, the holders of the Warrants will have thirty (30) days to exercise their Warrants and any Warrants that remain unexercised will expire.

Stream Agreement Amendment and Promissory Note Extension

The Company has entered into an agreement (the "Amendment") with Sprott to amend the Stream Agreement. Pursuant to the Amendment, Sprott has, among other things, granted the Company a 60-day extension (to December 14, 2022) to satisfy the Phase 1 conditions precedent for the Stream Agreement. The Company and Sprott also amended the Promissory Note pursuant to which Sprott advanced US$2 million to provide for, among other things, a maturity date of December 14, 2022 and interest being calculated on the principal amount beginning on October 4, 2022 at a rate of 1% per month, compounding monthly.

ABOUT South Star Battery Metals CORP

South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2023.

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com .

This press release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and the President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer

For additional information, please contact:

South Star Investor Relations (Canada IR)

RBMG – RB Milestone Group LLC (IR US) Trevor Brucato, Managing Director Email: southstar@rbmilestone.com

Twitter: https://twitter.com/southstarbm Facebook: https://www.facebook.com/southstarbatterymetals LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/ YouTube: South Star Battery Metals - YouTube

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: the Private Placement; the Stream Agreement, including satisfying the conditions precedent to the Stream Agreement; moving the Santa Cruz project into production and scaling operations, as well as advancing the Alabama project; and the Company's plans and expectations.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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The green energy industry is booming. Unprecedented positive trends seen year after year present junior mining companies with exceptional growth potential as vital minerals like graphite and lithium needed to power alternative energies surge in demand.

Market research estimates that worldwide graphite output needs to increase by nearly 500 percent by 2050 in order to meet growing demand for energy storage. If you are an investor looking for exposure in this market, there is not better time to invest

South Star Mining (TSXV:STS,OTCQB:STSBF) is set to contribute to filling this global graphite demand. It currently operates its flagship Santa Cruz graphite project in the mining-friendly jurisdiction of Brazil. The project is nearing construction and is slated for the first production in 2022.

“This is a production story, it’s not something that’s going to take years to come to life. We have 12 months of construction and commissioning already scheduled,” stated South Star CEO Richard Pearce.

The company operates in what is arguably the best region worldwide to be developing a new graphite project. Brazil currently produces upwards of 90,000 tonnes of graphite on an annual basis and has a significant internal demand for the product, which advantageously positions South Star as a first mover in the South American graphite production space. More than that, once in production, South Star will become the first new graphite producer in the Americas in a decade.

The flagship Santa Cruz graphite project sits in the second largest flake graphite producing district in the world. This robust project hosts the perfect storm of large flake ore mineralization and production quality concentrates of over 95 percent purity.

South Star has been quick to advance its flagship asset for production readiness. In October 2020, the Phase 1 environmental permit was approved, and in December 2020, South Star released exciting news that it received the mining permit for its 5,000 tonnes per year (tpy) Phase 1 pilot plant. Permitting and licensing for Phase 2 operations are already underway and documents will be submitted in December 2021.

Phase 1 development projections for Q4 2022 position the company for its larger-scale concentration plant. This should advance the Phase 2 schedule by approximately 12 months.

The company plans to continue its development plans towards Phase 1 production in Q4 2022. Leveraging the rapidly growing graphite demand and positive market outlook, South Star aims to become a significant producer in the battery metals space.

South Star projects it will be ready for commercial production in late 2022. Since its conception, South Star has been quick to begin constructing and commissioning the necessary infrastructure and parameters for production. The company intends to start small and scale up operations in a well-engineered multi-phase plan to control risks.

In recent news, South Star Mining is providing disclosure regarding the security package regarding the $US28 million streaming agreement with Sprott for the Santa Cruz Graphite Project in Brazil. South Star Graphite Canada, discloses that, per the promissory note, the company’s obligations are guaranteed. This is limited to certain collateral subject to the initial share pledges. The funding agreement is further guaranteed by SSGCC, Brasil Graphite, and Brazil Grafite Mineração.

South Star Mining’s management team includes experienced mining heavyweights, mine builders and operators. The unparalleled local expertise, proven track records of success and vested interest in company success prime South Star for exceptional growth and project achievements.

The Santa Cruz graphite project consists of 13 approved exploration licenses covering approximately 13,000 hectares in the Bahia State of Brazil, the second largest flake graphite producing district in the world.

Extensive development has been completed to date on the property, including over 7,000 metres of drilling and a successful pilot plant test on over 30 tonnes of mineralized material. In 2017, the South Star completed a PEA technical report for the project that indicated resources of 14,990,400 tonnes at 2.70 percent graphite and inferred resources of 3,572,100 tonnes at 2.90 percent graphite. An NI 43-101 PFS and updated resource estimate have also been completed.

Phase 1 operations included a 5,000tpy fully licensed pilot plant. Phase 2 operations represent a larger scale concentration plant with 25,000 tonnes per year planned production scalability and environmental work program scheduled. The company plans to continue its development plans towards Phase 1 production in Q4 2022.

South Star Mining recently received a streaming agreement through Sprott, worth up to $US28 million to further pursue this project. On May 18, 2022, South Star commenced its groundbreaking start of Phase 1 construction.

The property hosts sizable geologic upside, with 95 per cent of the project unexplored. After financing, South Star intends on developing the project’s 10 to 15 drill targets and marketability of Santa Cruz’s high purity flake production.

South Star Mining identified a project on the northeast end of the Alabama Graphite Belt. The property covers approximately 500 acres, positioned in Coosa County. It’s a historic mine, active during both of the World Wars. Historically, the Ceylon Graphite mine targeted outcropping graphite mineralization, with an average between three and five percent carbon. The mineralization is at the surface, where the graphite host was originally mined with shovels and excavators. This shows potential upside for modern mining approaches.

South Star is preparing for its first phase exploration, with initial work including RC drilling to further define the extent and structure of the deposit. It will be combined with additional field mapping and surface sampling. This first phase is tentatively scheduled to begin early in 2022.

Subsequent phases will include diamond core drilling, bench and pilot scale metallurgy, preliminary resource estimation and engineering. South Star will also continue to expand and develop the excellent relationships with the community, as well as with local, state and federal agencies, originally established by the Charge Minerals’ team.

The Alabama Graphite Project recently received results from a regional-scale and local geologic and structural mapping and sampling program. It showed over 29 trenches, totalling 2,769 linear meters, dug to a two-meter depth. The results resulted in upwards of 765 samples, plus standards and duplicates, being analyzed. The GIRCU Laboratory in Guangzhou, China tested 10 representative samples. It indicated a crush-grind-flotation concentration of 96 to 97 percent, with recoveries of approximately 86 percent. The study described the ore as well-liberated and easy to process.

Richard Pearce is an entrepreneur and founding partner with over 20 years of experience in planning and managing complex operations throughout the Americas. He has been based in Brazil since 2008 and worked throughout the country. He has a wide range of consulting and advisory experience including technical services, project & asset development, corporate advisory services, business administration and incorporation services, deal origination, mergers and acquisitions advisory, construction, and operations. He is based out of São Paulo, Brazil and is a native speaker of English, as well as fluent in Portuguese and Spanish. Country experience includes Canada, the US, and most countries throughout Latin America. He is passionate about supporting companies and helping them grow and explore the Brazilian markets. He is also a qualified person (QP) as defined by NI 43-101.

Marc Leduc is a mining engineer and geologist with over 30 years of experience involving all aspects of the development, operations, planning, and evaluation of mining projects including over 20 years in Latin America. Leduc served as the President and CEO of Luna Gold, operator of the Aurizona mine in Brazil, from 2015 to 2016. He holds a bachelor’s of science in mining engineering, with honours, from Queen’s University and a bachelor’s of science in Geology from the University of Ottawa.

Bennett Liu joins South Star from Red Fern Consulting, a full-service accounting group that provides financial and support services for public companies including accounting, regulatory compliance, audit management, and financial reporting. Liu has served as chief financial officer for multiple publicly traded companies, including TSXV- and CSE-listed enterprises, with a focus on the resource sector. He received his bachelor’s of technology in accounting degree from the British Columbia Institute of Technology.

Eric Allison has over 36 years of experience in the natural resource industry, working in technical, business, project development, and management roles. He formerly served as CEO and COO of Brazahav Resources, a private entity developing a brownfield gold mine project in Brazil. Previously, he was the director of research and chief geologist at Casimir Capital, specializing in junior mining companies and served as the director of business development at Sempra Commodities. Over his career, Allison has also served in various roles for Cyprus Amax Minerals, Amax Energy, SPG Exploration, and Texaco. He has served on the boards of several private and public companies.

Felipe Holzhacker Alves is a professional mining engineer with a master’s degree in political economics of resources from the Colorado School of Mines. He is a Brazilian native who combines international capital markets experience with an extensive local network of governmental and regulatory agencies, resource financiers, and technical, legal, and tax consulting services. Alves is the founder and CEO of Frontera Minerals, a Brazil-focused exploration and project development company. He previously held various roles at Rand Merchant Bank, where he was mainly responsible for Latin American Investments. His technical experience includes roles at open pit and underground mines. He is currently a board member of Trek Mining and the president of Brazilian Commission for Resources and Reserves (CBR), Brazil´s equivalent to NI 43-101 in Canada.

Daniel Wilton has 25 years of experience in mergers and acquisitions, corporate finance, and principal investing in the mining sector. He was most recently a partner at Pacific Road Capital Management, a mining-focused private equity investment firm with approximately C$800 million under management. At Pacific Road, Wilton reviewed a number of projects in Brazil, led the investment in Luna Gold, now Equinox Gold, and financed the development of the Aurizona gold project through critical pre-feasibility and permitting activities. Prior to joining Pacific Road, his roles included managing director and head of the Global Mining and Metals Group at National Bank Financial and other corporate finance and mergers and acquisitions roles at global institutions based in London, Toronto, and New York.

Julio Da Silva is a mechanical engineer and project manager with over 22 years of experience in the mining and mineral resource sector in Brazil. His expertise includes operations, maintenance, engineering, construction, open-pit mining, metallurgy, placing plants on care and maintenance, mine start-up, quality assurance and control, inventory controls, security, logistics, and the general operations of mine management. He has held various senior management positions at Mineração Morro Verde, Luna/Trek, Yamana, and Aura Minerals. He has degrees in mechanical engineering and project management and is a native Portuguese speaker with intermediate English.

Marcia Cota is a finance professional with more than 20 years of experience in controls, treasury, finance, data analysis, ERP implementation, tax, audits, cash flow management, logistics, budgeting, and forecasting. She has held several senior management positions in Brazil and overseas with Net Brasil, W Torre, Genea Angola, Locar Guindastes e Transportes, and Mineração Morro Verde. She has a master’s of business administration with a specialization in advanced finance analysis. She is a native speaker in Portuguese and fluent in English.

Antonio Assis has over 30 years of sales and marketing experience, with much of that time spent in the natural flake and synthetic graphite markets. He has a long, successful career and has held various senior sales, marketing, and business development positions with Syrah Resources, Nacional de Grafite, Technografit, and Grupo Unimetal. Throughout his career he has worked on overseeing sales teams, creating marketing plans to increase exposure and sales, and developing extensive commercial relationships in the industrial and value-add graphite markets in more than 50 countries around the world. His expertise includes prospecting, sales, marketing, customer relations, technical performance, customer support, contracts, and negotiations. He has degrees in business administration as well as marketing and sales, in addition to being fluent in Portuguese, English, and Spanish.

Castro is a mechanical engineer with over 25 years of engineering, design, construction, and project management experience, with most of that expertise focused in the mining and mineral resource space in Brazil. Castro has been involved with large construction projects with CAPEX of over US$100M, as well as overseeing large teams associated with EPCM projects. He has held various senior project management positions with Lyon Engineering, Beadell, Luna, and Ausenco. He has degrees in mechanical engineering, business administration for engineers, and workplace safety engineering. Castro is native Portuguese speaker and fluent in English.

Luciano Lazaro is an experienced supply chain manager with more than 30 years of experience with supply chain, procurement, logistics, COMEX, contracts, and planning and controls. He has held several senior positions with Vale, Ericsson Telecommunications, Brazilian Pipeline Carriers, Anglo Ferrous, Aura Minerals, Ferrous Resources, Luna, and Mineração Morro Verde. He has degrees in economic sciences, urban and regional planning as well as project management. He is a native speaker of Portuguese and fluent in English.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has received the construction permit for its Santa Cruz Mine in Brazil from the municipality of Itabela on September 15, 2022. In addition, South Star held meetings with the State of Bahia development agency, the Bahia industrial confederation as well as representatives from the port facilities in Salvador, Bahia.

Richard Pearce, CEO of South Star, said, "The municipal construction permit was the final approval we needed for Phase 1 construction to begin in earnest, and are pleased to have achieved this important milestone. Once again, we would like to thank the mayor of Itabela and his/her team for their continued support of South Star. We look forward to working closely with them through construction and the start of commercial production in Q4 of 2023."

Mr. Pearce continued, "We also had positive meetings with the State of Bahia development and industrial agencies, as well representatives from the major port facilities in Salvador. We presented additional details about Santa Cruz and our planned growth through Phase 2 (25,000 tpy of concentrates) and Phase 3 (50,000 tpy of concentrates). Santa Cruz will be the first major industrial facility in the municipality and one of the largest in the region as we scale operations. The State of Bahia has a long history of successful mineral resource development and operations, and we are privileged to be operating in a state with strong ties to the sector. The port facilities in Salvador are world class and are one of several excellent alternatives to export our product to the world. Santa Cruz has unparalleled existing infrastructure to support our planned expansions. The existing infrastructure and facilities are significant factors contributing to our low capital intensity as well as our projected first quartile operating costs. We look forward to being the first new graphite production in the Americas in decades. We greatly appreciate all the representatives and our team's participation in these productive meetings and supporting South Star."

ABOUT South Star Battery Metals CORP

South Star's next project in the development pipeline is in Alabama situated in the center of a developing electric vehicle, aerospace and defense hub in the southeastern United States. The Project, a historic mine active during World Wars I & II, has initiated its maiden drilling campaign with results expected in Q1 2023. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer

For additional information, please contact:

South Star Investor Relations (Canada IR) Email: invest@southstarbatterymetals.com +1 (604) 706-0212 x3002

RBMG – RB Milestone Group LLC (IR US) Trevor Brucato, Managing Director Email: southstar@rbmilestone.com

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce that it has contracted a drilling company for the maiden diamond ("DDH") drilling campaign to begin in September 2022 . The Alabama exploration program includes:

In addition, the Company is preparing to mobilize a geophysics contractor to perform approximately 4-5 linear kilometers of geophysics to test the limits of the priority drilling targets at the Santa Cruz Mine in Bahia, Brazil prior to beginning the 2023 drilling program. The proposed deliverables and schedule of the 2022/2023 exploration programs follow:

Richard Pearce , CEO of South Star, said, "We are excited to get the maiden drilling campaign started in Alabama and test the extents of the mineralization. This initial drilling campaign will be focused on testing limits and generating significant targets for the 2023 drilling campaign, which will ultimately result in a Preliminary Economic Assessment ("PEA"). The Company anticipates the PEA will be completed by Q4 2023. At Santa Cruz , the geophysics program should help us improve our drilling hit rate and test limits of the 10-15 near-term targets we have previously identified in preparation for the 2023 drilling campaign, which is scheduled to begin after the rainy season in 2023. The Santa Cruz 2023 campaign will be a mix of diamond and RC drilling, and the proposed meters would significantly increase the total meters into the Project. Our goals are to generate a significantly larger resource and reserve estimate to support our future Phase 2/3 expansion plans. We are eager to get the drills turning as we scale our upcoming production."

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The Project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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SOURCE South Star Battery Metals Corp.

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South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce that it has submitted the Planned Economic Analysis ("PAE") and the request for the final mining license ("concessão de lavra") to the Brazilian Mining Authority ("ANM") on August 15 th 2022 for the Claims 872.7352010, 872.7362010, 871.0532011 and 871.5242013 which is where the Phase 2 and 3 facilities are planned. The proposed PAE doubles the Santa Cruz production capacity presented in the previously released PFS (March 2020) and incorporates a third phase of project development. The planned production schedule follows:

In February of 2022 (See Press Releases from February 9 th and 24 th ) the final exploration reports for all of the Company's 13 claims were approved by the ANM. The PAE for 872.737/2010 was previously submitted August 1 st , 2022 (See Press Releases from August 2 nd ). The approval of the PAEs and mining licenses is the final step in securing the LOM mining license for each of the exploration claims and converting them to mining concessions. The environmental field work for the 3 phased production schedule is scheduled to begin in Q3 of 2022, and the Company intends to submit all the environmental documents for review and comment by early Q1 of 2023.

Phase 1 operations are fully licensed with a trial mining license ("GU") and associated environmental license. South Star has paid the municipal building permit for construction of the Phase 1 plant, mine and infrastructure, and the Company anticipates the permit should be issued by Itabela shortly.

In addition, the three tonnes of ore from the Ceylon Graphite Project in Coosa County, Alabama have been delivered to North Carolina State Mineral Research Laboratory ("MRL") and testing should begin shortly (See Press Releases from May 3 rd ). The goal of the program is to create a representative 1 tonne ore sample to retest and confirm processing methods and reagents from previous process work. The small-scale pilot test will also generate approximately 15-18kg of concentrates (> 94% Cg) as well as intermediate products and tailings samples for future geotechnical, chemical, and physical testing programs to better characterize the ore, the tailings as well as final concentrates. The Company anticipates the pilot plant program should be finalized in November 2022. The concentrates will then be used to test for a variety of value-add products as well as minerology, similar to the testing program completed on Santa Cruz Graphite concentrates (See March 1, 2021 press release).

Richard Pearce, CEO of South Star, said, "We submitted 4 additional PAEs incorporating a third phase doubling the production to 50,000 tpy and adding future operational flexibility. The 5 areas we have submitted requesting the definitive mining license incorporate all the facilities and structures required for Phase 2/3 and contain the main 7.5km strike that has been identified. All the 43-101 reserves estimated to date are located on these 5 claims, and we are open at depth and in both directions along strike. Our goals are to work towards having the mining licenses and environmental permits for the 5-7 priority claims approved around the time we are commissioning our Phase 1 facilities in mid 2023. This will allow us to advance quickly with Phase 2/3 financing alternatives. We have also started the pilot plant testing program on Ceylon ore and look forward to reviewing those results in November. We will work hard with our partners to have the first two new graphite mines in the Americas brought online and the first in the United States. We have two great assets in key jurisdictions and an experienced team with the technical and commercial expertise to bring these operations online and be profitable moving forward. An introductory overview video of the Ceylon Project has been added to our website and posted to social media."

ABOUT South Star Battery Metals CORP

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The Project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer

For additional information, please contact:

South Star Investor Relations (Canada IR)

Email: invest@southstarbatterymetals.com +1 (604) 706-0212 x3002

RBMG – RB Milestone Group LLC (IR US) Trevor Brucato, Managing Director Email: southstar@rbmilestone.com

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBD), is pleased to announce that it has finalized the agreement for the land purchase required for construction of the Phase 1 mine and plant facilities as well as the first two to three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil.

In addition, South Star has submitted the Planned Economic Analysis ("PAE") and the request for the final mining license ("concessão de lavra") to the Brazilian Mining Authority ("ANM") on August 1 st , 2022 for the Claim 872.737/2010, which is where the Phase 1 facilities are currently being installed. The proposed PAE doubles the Santa Cruz production capacity presented in the previously released PFS (March 2020) and incorporates a third phase of project development. The planned production schedule follows:

In February of 2022 (See Press Releases from February 9 th and 24 th ) the final exploration reports for all of the Company's 13 claims were approved by the ANM. The approval of the PAE and mining license is the final step in securing the LOM mining license for each of the exploration claims and converting them to mining concessions. The Company plans to submit the PAE and the request for the final mining license for 4 additional claims in the next 10 days and all the remaining claims by the end of the year. The environmental field work for the 3 phased production schedule is scheduled to begin in Q3 of 2022, and the Company intends to submit all the environmental documents for review and comment by Q1 of 2023.

Richard Pearce, CEO of South Star, said, "The initial land purchase agreement for Phase 1 operations of approximately 325 hectares has been finalized and registered at title office so that all the Phase 1 operations will be on our own property. It is always advantageous to have the mine and facilities under our direct control. We submitted the PAE incorporating a third phase doubling the production to 50,000 tpy and adding future operational flexibility. We plan on submitting all the PAEs by the end of 2022 and will work towards having the mining licenses and environmental permits for the 5-7 priority claims approved around the time we are commissioning our Phase 1 facilities in mid 2023. This will allow us to advance quickly with Phase 2/3 financing alternatives. The municipal building permit is the final approval we need to start the Phase 1 construction. The permit fee was paid, and we anticipate the approval in short order. We continue to execute our business plan in a disciplined, responsible manner on our march to being the first new graphite production in the Americas. Site preparation, grading and earthworks, as well as security installations, roads and other infrastructure will be the first order of business. I'd like to thank the mayor and his team from Itabela for continued support of South Star, and we look forward to beginning Phase 1 commercial production in mid-2023."

ABOUT South Star Battery Metals CORP

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The Project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer For additional information, please contact:

South Star Investor Relations (Canada IR) Email: invest@southstarbatterymetals.com +1 (604) 706-0212 x3002

RBMG – RB Milestone Group LLC (IR US) Trevor Brucato, Managing Director Email: southstar@rbmilestone.com

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$1,906,990. The majority of participation in the Private Placement was with key institutional investors and insiders. Net proceeds from the Private Placement will be used for advanced materials sample preparation, commercial agreements, project finance and general working capital requirements for the Company.

The Private Placement consists of 3,467,254 units priced at post-consolidation price of C$0.55 per unit (the "Units"). Each Unit consists of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$1.25 per common share for a period of five years from the date of issue. The securities are subject to a four-month hold period from the date of closing and approval by the TSXV, expiring October 24, 2022.The Company issued an aggregate of 1,636 finders' warrants in connection with the Private Placement (equal to 6% of the number of Units sold to subscribers introduced to the Company by the finders) and $54,300 in cash finders' fees were paid to certain finders (equal to 6% of the gross proceeds of the offering sold to subscribers introduced to the Company by the finders).

If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$2.50 on a post-Consolidation basis for each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time.

Two directors, including a member of management, and one officer of the Company subscribed in the private placement for an aggregate of 1,071,817 units for gross proceeds of $589,500. Each transaction with the directors and officer constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(b) from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the transaction, insofar as it involves related parties, does not exceed 25% of the Company's market capitalization (as determined under MI 61-101). The Company did not file a material change report at least 21 days before the closing of the private placement as the details of the private placement and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on a expedited basis for sound business reasons.

ABOUT South Star Battery Metals CORP

South Star's next project in the development pipeline is a project in Alabama located in the middle of a developing electric vehicle, aerospace and defence hub in the southeastern United States. The Project is a historic mine active during World Wars I & II. Trenching, sampling, analysis and preliminary metallurgic testing has been completed. The testing indicated a traditional crush/grind/flotation concentration circuit achieved grades of approximately 96-97% with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce Chief Executive Officer

For additional information, please contact:

South Star Investor Relations (Canada IR)

RBMG – RB Milestone Group LLC (IR US) Trevor Brucato, Managing Director Email: southstar@rbmilestone.com

This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

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Battery Mineral Resources Corp. (TSXV: BMR) ("BMR" "Battery" or the "Company") is very pleased to announce that it has filed a technical report for its NI 43-101 resource estimate at Punitaqui on SEDAR. This report is authored by JDS Mining and Energy Inc. ("JDS").

The technical report includes sections pertaining to the project history, geology, exploration, drilling, adjacent properties, sampling, QA/QC, data validation, metallurgy, mineral resources, conclusions, and recommendations as well as other required sections. The main highlight is the indicated and inferred resources which can be seen in the Table 1, below.

Table 1: Sulphide Resources at Punitaqui by Zone

To view an enhanced version of Table 1, please visit: https://images.newsfilecorp.com/files/6076/139397_2365b73f94807827_002full.jpg

Notes to the Sulphide Mineral Resource Estimate Table

Prepared by Garth Kirkham (Kirkham Geosystems Ltd.) an Independent Qualified Person in accordance with NI 43-101.

Effective date: August 16, 2022. All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") definitions, as required under NI 43-101.

Mineral Resources reported demonstrate reasonable prospect of eventual economic extraction, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Mineral Resources may be materially affected by environmental, permitting, legal, marketing, and other relevant issues.

Cut-off grades are based on a price of US$3.50/lb copper, US$20/oz silver and several operating costs, metallurgical recoveries, and recovery assumptions, including a reasonable contingency factor.

Historic work at the Cinabrio Mine did not include silver analyses therefore silver grades are assumed to be at a null grade for the purpose of completeness however, it is reasonable to assume that silver grades will be at a similar tenor as Cinabrio Norte.

An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

Resources reported for Cinabrio, San Andreas, Cinabrio Norte and Dalmacia are reported with internal dilution applied but are not fully diluted.

Note that all four zones of the resource estimate (the Cinabrio mine, the Cinabrio Norte zone, the San Andres zone and the Dalmacia zone) have underground access previously established by prior operators of the Punitaqui mine complex.

Battery's CEO and director, Martin Kostuik states, "We are extremely pleased to have completed the very comprehensive Punitaqui Technical Report. This report encompasses four different deposits, including Cinabrio which is the deposit that was the main source of ore for the Punitaqui copper concentrator for the nine plus years of operating history. We are very encouraged with the results of our drilling program but also encouraged by the opportunity we have to continue adding resources in not only all four deposits but throughout our significant land package of 8,693 hectares. In addition, the report displays the large amount of work including engineering, permitting and metallurgy which has been focussed on both de-risking and uncovering opportunities at this very promising project. Work is nearing completion to apply best practices to these new resources with the intention of arriving at sound conclusions regarding project economics and mine life. It is the full intention to use these conclusions to obtain the remainder of funding required for the recommencing of mine operations this year, followed closely by copper concentrate production at the Punitaqui mill. On behalf of the Board of Directors of the Company I'd like to thank the people at JDS as well as our team in Chile for their hard work in accomplishing this major milestone for the company."

Qualified Persons The scientific information in this release was reviewed by Peter Doyle, P.Geo., Vice President Exploration for BMR. Both Qualified Persons have read and approved the information contained in this press release.

About Battery Mineral Resources Corp. Battery Mineral Resources ("BMR") is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Mineral's mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, and copper), in North America, South America and South Korea, to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is currently pursuing a potential near-term resumption of operations in late 2022 of the Punitaqui Mining Complex, a past copper-gold producer, in the Coquimbo region of Chile. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Minerals Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol "BMR" and on the OTCQB under the symbol "BTRMF". Further information about BMR and its projects can be found on www.bmrcorp.com.

For more information, please contact: Martin Kostuik, CEO Phone: +1 (604) 229 3830 info@bmrcorp.com

Mars Investor Relations +1 (604) 335-1976 bmr@marsinvestorrelations.com

Harbor Access Corp. 475-477-9402 jody.kane@harbor-access.com

Twitter: @BMRcorp www.bmrcorp.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, the ability of the Company to complete the Debenture offering, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether because of new information or future events or otherwise, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139397

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+ Anoop Singh, P.Eng., to join NMG as Vice President, Mining Projects, bringing demonstrated skillset in project management and construction of mining facilities

+ Josée Gagnon, LL.B, MBA, to take on the role of Vice President, Legal Affairs & Corporate Secretary, contributing her experienced advisory on business and legal issues in corporate development, commercial transactions, and project implementation

+ Kelly LeBlanc appointed to the new position of Manager, Indigenous Relations contributing her understanding of First Nations' environmental and social issues, and her capacity to develop meaningful relationships focused on respect and sustainability

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSXV: NOU ) bolsters its leadership, depth, and execution capabilities with the nomination on its management team of Anoop Singh, P.Eng., as Vice President, Mining Projects, Josée Gagnon, LL.B, MBA, as Vice President, Legal Affairs & Corporate Secretary, and Kelly LeBlanc as Manager, Indigenous Relations. These nominations coincide with NMG's preparation for the transition towards its Phase 2 integrated commercial operations as internal teams and key consultants organize resources and expertise for the Company's next development phase.

Eric Desaulniers, Founder, President, and CEO of NMG, applauded the nominations: "I welcome Anoop, Josée, and Kelly to Team Nouveau Monde; I am excited to see such talented executives rallying behind our vision of driving the transition to a green future. I am confident they will help strengthen our management approach, diversify our perspectives, enhance our collective expertise, and help guide the development of NMG as a North American natural graphite leader for the battery and EV markets. Bienvenue!"

Starting on October 3, 2022, Anoop Singh is a civil engineer (McGill University) with nearly 20 years of experience in mining and heavy civil operations.

Mr. Singh will take on the role of Vice President, Mining Projects, looking after NMG's project management, engineering, procurement, and construction of the Matawinie Mine, as well as the potential development of the Lac Guéret graphite property as part of the Company's Phase 3 growth plan. He brings a demonstrated skillset in project management and construction of mining facilities that will be leveraged within the Operations division of the Company, in close collaboration with Environment, Health and Safety, Procurement, and Engineering teams.

Prior to joining NMG, Mr. Singh was Vice President, Strategic Development and Estimating at Bird Construction (previously H.J. O'Connell) where he managed multiple mining accounts over the years for clients such as ArcelorMittal, Rio Tinto, Cliffs, Vale, and Agnico Eagle. From the execution of $100-million-worth projects to Indigenous partnerships and the procurement and risk management of complex projects, Mr. Singh has acquired robust know-how in leading highly technical, timeline-focused contracts in the mining sector. His project portfolio includes new mine construction, reactivation of closed mines, open-pit operations, construction of tailings facilities, and other construction and support activities for several mining companies.

Josée Gagnon is set to join the Company on October 11, 2022. The attorney (Québec Bar, California Bar, Montréal University graduate) and MBA-recipient (HEC) executive has been assisting private and public organizations in commercial, transactional and risk management law for the past 25 years.

Mrs. Gagnon will lead legal affairs at NMG as Vice President, Legal Affairs & Corporate Secretary. Her role will call upon her experienced advisory on business and legal issues in corporate development, commercial transactions, and project implementation to support the Company's current operations, planned development, and potential expansion.

Previously, Mrs. Gagnon was Vice President and Chief Legal Officer at Just For Laughs where she ensured counsel on business activities and supported governance activities. She has also worked at Colabor Group, WSP Canada, EXP Services and Infrastructure Québec, namely, where she developed applied proficiency in contract negotiations, compliance, acquisitions, and team management within complex projects and corporate initiatives. She has contributed to the realization of the first public-private partnerships in Québec and major infrastructure projects in addition to several mergers and acquisitions, both in private practice and within companies.

As of October 24, 2022, Kelly LeBlanc will bring to Company her 15-year experience in environmental and social impact assessment, First Nations' rights and interests, and stakeholder representation and coordination, backed by a Masters in Geography and Bachelor in International Studies (Montréal University).

Mrs. LeBlanc will liaise with Indigenous communities, leaders, and organizations in her new capacity as Manager, Indigenous Relations. She will develop engagement strategies to facilitate the participation of the Indigenous workforce, businesses and communities in NMG's activities, coordinate flagship partnerships that support Indigenous community priorities, and assist diversity, equity and inclusion efforts within the Company.

Mrs. LeBlanc joins NMG after having spent more than 10 years at the Cree Nation Government where she has developed an in-depth understanding of First Nations' environmental and social issues. She has worked at reconciling interests between nature conservation and territorial development through industrial activities while promoting respect for Aboriginal rights and active dialogue between cultures and knowledge.

NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Subscribe to our news feed: https://NMG.com/investors/#news

Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the positive impact of the foregoing on the project economics, the development of the Company's Phase 2 commercial operations and potential development of the Phase 3 Lac Guéret graphite property, the Company's objective of being a North American natural graphite leader for the battery and EV markets and those statements which are discussed under the "About Nouveau Monde Graphite" paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company's business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments' responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 22, 2022, including in the section thereof captioned "Risk Factors", which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.

Further information regarding the Company is available in the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Company's website at: www.NMG.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220928005407/en/

Julie Paquet VP Communications & ESG Strategy +1-450-757-8905 #140 jpaquet@nmg.com

Marc Jasmin Director, Investor Relations +1-450-757-8905 #993 mjasmin@nmg.com

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First Graphene Ltd is an advanced materials company. It is the producer of graphene which is exfoliated from high-grade, crystalline Sri Lankan graphite. The company's graphene products are used in Fire retardant coatings, Concrete strengthening, Battery electrode materials, Conductive inks and sensors, Rubber and composite strengthening and Moisture barrier in thermoset composites. Its operating segment includes Graphene production; Research and development; Corporate services and Mining Asset Maintenance. The company generates maximum revenue from the Graphene production segment.

Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is excited to announce that it has executed a Joint Venture Shareholders’ Agreement with world-leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialize IKTS’ revolutionary CERENERGY® Sodium Alumina Solid State (SAS) Battery. Altech, inclusive of associated entity Altech Advanced Materials AG, will be the majority owner at 75% of the JV company, which will commercialize a 100 MWh project to be constructed on Altech’s land in Schwarze Pumpe, Germany. The SAS CERENERGY® battery uses common table salt and ceramic solidstate technology

The SAS technology has been developed by Fraunhofer IKTS over the last eight years and has revolutionized previous technology, allowing higher energy capacity and lower production costs. SAS-type batteries, in terms of capacity, have already been successfully tested in stationary battery modules. The IKTS SAS batteries are in the final phase of product testing and ready to commercialise. IKTS has spent in the region of EUR 35 million on research & development and operates a EUR 25 million pilot plant in Hermsdorf, Germany. The final CERENERGY® battery modules, at 10 KWh each, are specially designed for the grid storage market and have been undergoing extensive performance testing in Germany. These modules are designed to fit in racks housed in sea containers that can be deployed for grid storage.

For more information on the IKTS CERENERGY® pilot facility and final battery modules watch the following YouTube video https://youtu.be/UBwxxgEJHvo

IKTS has been looking for an entrepreneurial partner that has German land available, has access to funding, is a builder of projects, has battery background, and has technology in alumina used in ceramics. Altech fitted the criteria, and the Joint Venture Shareholders’ Agreement was executed. Altech group will own 75% of the project with IKTS 25% free carried. The intellectual property will be licensed exclusively to the joint venture.

The joint venture partners have elected to develop a 100 MWh SAS battery plant (Train 1) on Altech’s site in Saxony, Germany. The target market for this project will specifically focus on the grid (stationary) energy storage market which is expected to grow by 28% CAGR (Compound Annual Growth Rate) in the coming decades. The global grid energy storage market is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027. Or further out, the market is expected to grow from 20 GW in 2020 to over 3,000 GW by 2050. Altech believes that SAS batteries can provide high security, at low acquisition and operating costs, for the stationary energy storage market.

The proposed battery plant will produce 10,000 SAS battery modules per annum, rated at 10 KWh each. These SAS battery modules are expected to sell for between EUR 7,000-9,000 per module, or EUR 700- 900 per KWh, at final pack costs. IKTS has estimated that the total cost of production for CERENERGY® batteries will be 40%-50% cheaper than lithium-ion batteries.

The joint venture partners have commenced the planning process for the Bankable Feasibility Study required for the commercialisation process. Once the Train 1 (100 MWh) plant is built and operating, the longer-term vision for the joint venture is to construct additional trains or a Gigawatt battery facility

Click here for the full ASX Release

This article includes content from Altech Chemicals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here

About Altech Chemicals Ltd: Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia. HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

Contact: Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: hoffmann@soarfinancial.com

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Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce that it has completed its infill and extension exploration drilling program at its wholly-owned La Loutre graphite project, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory within the Outaouais and Laurentides regions, 180 kilometers northwest of Montreal.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220913006281/en/

Figure 1. EV Zone Drill Map (Graphic: Business Wire)

The comprehensive drill program featured 79 holes totaling 13,113 metres drilled; 53 of these, totaling 9,037 metres, were drilled in the Electric Vehicles ("EV") Zone and 26 holes totaling 4,076 metres were drilled in the Battery Zone. The Company is awaiting further assay results which will be shared when available.

The Preliminary Economic Assessment (PEA) for the La Loutre project confirmed that the EV and Battery Zones are sources of material that, when processed, would yield concentrated graphite of high purity over 95% graphitic carbon (Cg) (see press release of July 29, 2021 for more details). The objective of the 2022 exploration campaign was to better understand the extent and quality of the deposit and provide the required inputs for a pre-feasibility study.

Lomiko Metals thanks Breakaway Exploration Management of Québec for the supervision and operation of the 2022 exploration drilling program at the La Loutre project and ensuring compliance with ECOLOGO specifications. Lomiko also advises that it maintained its obligations to ensure departure before the seasonal hunting that occurs on the northern end of the claim. Lomiko has retained InnovExplo Consulting and Engineering to prepare an updated NI-43-101 resource estimate for the La Loutre project following the completion of the drilling and assay results receipt.

Please refer to Figure 1 and 2 for details.

The technical content presented in this press release was reviewed by Mark Fekete, P.Geo. who actively participated in the La Loutre drill program as an independent consultant to the Company as the "Qualified Person" as that term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals. Lomiko is ECOLOGO certified.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km 2 ). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on July 29, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km 2 ), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board, Belinda Labatte CEO and Director, Lomiko Metals Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220913006281/en/

Kimberly Darlington Investor Relations, Lomiko Metals Inc. k.darlington@lomiko.com 514-771-3398

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