January 6, 2026: West Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV: NILI, OTC: NILIF, FRA: DJ5C), announces that as of October 15, 2025, Quaternary Group Ltd. held approximately 5.7% of the issued and outstanding common shares of Surge on an undiluted basis, and approximately 11.3% on a diluted basis. Since October 15, 2025, Quaternary Group Ltd. has acquired an additional 2,539,000 common shares of the Company through open market purchases and now hold approximately 7.8% of the issued and outstanding common shares of the Company on an undiluted basis and approximately 13.3% on a diluted basis.

About Surge Battery Metals Inc.

Surge Battery Metals, a Canadian-based mineral exploration company, is at the forefront of securing the supply of domestic lithium through its active engagement in the Nevada North Lithium Project. The project focuses on exploring for clean, high-grade lithium energy metals in Nevada, USA, a crucial element for powering electric vehicles. With a primary listing on the TSX Venture Exchange in Canada and the OTCQX Market in the US, Surge Battery Metals Inc. is strategically positioned as a key player in advancing lithium exploration.

On behalf of the Board of Directors

“Greg Reimer”

Greg Reimer,
President & CEO