FE Battery Metals Ltd. announced 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. 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% Li2O.

There are anomalous values of other rare metals including b besium (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: 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% Li2 O. 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 of 15 ppm to 4,350 ppm (0.94% Li2O). 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.