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VICTORY RECEIVES DRILL PERMIT APPROVAL FOR ITS SMOKEY LITHIUM, NEVADA PROPERTY March 08, 2023 4:00 AM

Victory’s amended drill permit for its Smokey Lithium, Nevada Property has been approved, allowing the Company to advance its drilling program
New drill hole locations have been selected to extend strong lithium mineralization intersected previously on the property in hole 09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, Victory’s focus is on a 2-3km sq. area with lowered risk, having a high likelihood to intersect lithium rich clays via drilling, and may indicate maiden resource potential

Property represents a large, under-explored land package adjacent to Rock Tech’s near term Georgia Lake Lithium deposit
The Georgia Lake Lithium District has a proven track record of economic Li deposits dating back to the mid 1950’s
Rock Tech Lithium (TSXV: RCK) is building a lithium ore processing facility for custom milling in Thunder Bay, to be online in early 2024, which with Ontario Government support will support mineral processing from other nearby Li mines

Victory secures drill team in highly competitive market to ensure its Smokey Lithium project can advance expediently pending drill permit amendment approval
Drill hole locations have been selected to extend strong lithium mineralization intersected previously on the property in hole 09 within the area of interest outlined in detail in the Company’s press release dated 20 October 2022
Combining results from field mapping, surface sampling, drilling and Tromino passive seismic studies, the Company has developed proprietary maps showing highly detailed visual cross sections to understand the faulting that would bound the deposit’s edges

Victory has staked an additional 953 hectares at its Tahlo Lake property to cover highly anomalous gold in till samples to the north and south of the original property
The ground also covers more of the linear magnetic high that may indicate intrusives
British Columbia’s Babine Copper-Gold Porphyry District contains American Eagle Gold Corp.’s (TSXV: AE)’s NAK property, the Morrison deposit and the historical Bell & Granisle mines

Victory acquires 280 new claims, bringing its total claims to 347, expanding the Stingray property array in Quebec on ground adjacent to Patriot Battery Metals, (TSXV: PMET), Corvette lithium discoveries
Victory’s Stingray array of properties increases from 3,417 to 17,792 hectares
Victory’s exploration team continues to pursue additional property in promising lithium areas in North America

Victory has built a growing presence with its Stingray property array in Quebec, which consists of 67 claims on ground adjacent to Patriot Battery Metals, (TSXV-PMET) Corvette lithium discoveries
Victory’s Exploration team outlines its initial plans for its Stingray Property array
Victory’s exploration team is actively pursuing additional property in James Bay Lithium District, and other promising lithium areas in both Canada and the USA
Victory has closed the first tranche of its recently announced financing

Victory’s Exploration team is conducting initial planning on a program for its Stingray Properties in proximity to Patriot Battery Metals (PMET) Corvette Property (Figure 1)
Victory’s Smokey Lithium Nevada property has been extensively analyzed, informing an amended drill permit with high confidence targets which has been filed and is in process
Victory’s exploration team is actively pursuing additional property in James Bay Lithium District, and other promising lithium areas in both Canada and the USA