FE BATTERY METALS SAMPLED UP TO 2.58% LITHIUM OXIDE ON NEW LITHIUM PEGMATITE ZONE NEAR THE NORTH AMERICAN LITHIUM MINE

VANCOUVER, BC, Aug. 15, 2023 /CNW/ - FE Battery Metals Ltd. (CNSX:FE.CN) (OTC-BB:FEMFF) (WKN:A2JC89) ("FE Battery Metals" or the "Company) is pleased to announce the assay results from newly discovered lithium pegmatite zones to the southeast of its main Augustus exploratory drilling area at the Augustus Lithium Property in Quebec, Canada. The assays are from a recently concluded field prospecting, sampling and mapping program completed with a focus on following up drone and airborne geophysical survey targets identified along an approximately 10 km long structural corridor showing four lithium prospects. A total of 74 surface samples were collected during the field program indicating lithium oxide (Li2O) values in the range of less than 15 parts per million (ppm) lithium to 2.58 percent (%) Li2O. There are anomalous values of other rare metals including beryllium (Be), cesium (Cs), Niobium (Nb), rubidium (Rb) and tantalum (Ta). This newly located area sits only 2.9kms from the mineralized pegmatite bodies of Quebec's largest lithium mine, the North American Lithium ("NAL") mine, operated by Sayona Mining Ltd.