Grid Battery Metals and AC/DC Battery Metals Provide Update on TSXV Listing and Financing Details

Grid Battery Metals Inc. ("Grid") and AC/DC Battery Metals Inc. ("AC/DC") have announced that AC/DC has received conditional approval for the listing of its shares on the TSX Venture Exchange. Pending final approval, AC/DC will be listed as a Tier 2 issuer with the trading symbol "ACDC". Details of the initial trading date will be shared soon.

The company has secured conditional Exchange and shareholder approval for a non-brokered private placement of 40,000,000 units at CAD$0.05 per Unit, generating gross proceeds of CAD$2,000,000. Each unit consists of one common share and one share purchase warrant, the latter exercisable at CAD$0.06 for five years.

Finder fees totaling $25,500 cash, 2,471,000 shares, and 1,020,000 broker warrants will be paid, subject to Exchange approval. All securities from the private placement are under a four-month hold period per Canadian Securities Laws. The funds will be used for exploration, development, and general working capital.