BRÈVE

sur Victory Battery Metals Corp. (isin : CA92647B2003)

Victory Battery Metals Corp. Concludes Shares for Debt Settlement, Strengthening Balance Sheet

Victory Battery Metals Corp. (CSE:VR)(FWB:VR6)(OTC PINK:VRCFF), headquartered in Vancouver, announced the successful closure of its shares for debt settlement transaction designed to improve the company's financial standing. In an effort to settle $463,025 of debt, Victory has issued 9,260,500 shares valued at $0.05 each. This move significantly enhances the company's balance sheet.

The transaction did not involve any finder's fees. The issued securities are subjected to a four-month and one-day holding period. It was noted that certain insiders participated in the settlement concerning accrued and unpaid fees and expenses. Furthermore, Victory mentioned reliance on NI 61-101 exemptions for related party transactions, avoiding the need for minority shareholder approvals and valuations in this process.

This strategic financial maneuver demonstrates Victory's commitment to maintaining a healthy financial status, essential for its operations and future growth. The company's mineral interests span across North America, indicating a broad operational footprint in the mining sector.

R. P.

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