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September 25, 2025: West Vancouver, BC; Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV: NILI, OTC: NILIF, FRA: DJ5C) is pleased to announce that the fall core drilling program has officially commenced at its Nevada North Lithium Project (NNLP).
Premier Drilling Company of Elko, Nevada has been engaged to provide drilling services for the core drilling program, which will consist of 4,500 feet (1,370 meters) of drilling in 9 holes. The initial 5 holes to be drilled are located on private surface lands after which the drill rigs will mobilize to the remaining 4 holes on public lands.
Goals for the 2025 drill program include upgrading the resource to the Indicated and Measured categories as well as collecting geotechnical and hydrogeological data to support the planned Pre-Feasibility Study (PFS).
Mr. Greg Reimer, Chief Executive Officer and Director of the Company, commented, “Launching this drill program is a significant step as it directly supports our near-term objective to advance the project to PFS stage. This progress will strengthen the NNLP and positions Surge as a key contributor to the future of battery metals supply in the USA.”
Qualified Person:
Alan J. Morris, MSc, CPG of Spring Creek, Nevada, Geological Advisor to the Company, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
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 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.
About the Nevada North Lithium Project
The Company owns the Nevada North Lithium Project located in the Granite Range southeast of Jackpot, Nevada about 73 km north-northeast of Wells, Elko County, Nevada. The first three rounds of drilling, completed in 2022, 2023, and 2024, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of more than 4,300 meters and a known width of greater than 1500 meters. Highly anomalous soil values and geophysical surveys suggest there is potential for the clay horizons to be much greater in extent, while wide drill spacing allows for significant upside to occur during infill drilling. The Nevada North Lithium Project has a pit-constrained Inferred Resource containing an estimated 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,955 ppm Li at a 1,250 ppm cutoff. The recently completed PEA reported an after-tax NPV8% US $9.17 Billion and after-tax IRR of 22.8% at $24,000/ t LCE and an OPEX of US $5,243/t LCE.
On behalf of the Board of Directors
“Greg Reimer”
Greg Reimer,
President & CEO
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