Vancouver, BC – September 10, 2024 – TheNewswire – Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSX.V: COS) is pleased to announce the implementation of its collaboration with SGS Québec, a global leader in metallurgical innovation and strategic resource development. The initiative is aimed at developing a leading position in the critical minerals sector by scaling up the technological capabilities of the Re-2Ox hydrometallurgical process.

The collaboration with SGS builds on a series of engagements, and comprises two phases: the first phase establishes a framework for metallurgical testing and strategic funding pursuits, while the second phase focusses on funding strategy refinement and advancing the Re-2Ox process to meet the needs of the rapidly growing electric vehicle (EV) markets. The arrangement is based on an agreement signed with SGS May 15, 2024 and announced in a news release May 21, 2024.

Our "feed first" strategy, which prioritizes securing reliable, long-term sources of critical minerals, is a cornerstone of the Company's approach. By securing potential offshore stockpiles and bringing them to Quebec for potential processing, Coniagas is not only expanding its resource base but also ensuring a resilient and flexible supply chain that can adapt to market demands.

Frank Basa, President and CEO of Coniagas, stated, "Our collaboration with SGS is a key part of our strategy to create a vertically integrated supply chain that supports the entire battery metals ecosystem. We are ensuring that our Re-2Ox process is versatile, scalable, and ready to meet the needs of not just the EV market, but also other industries that are driving toward a net-zero future. This global approach strengthens our position and aligns perfectly with our 'feed first' strategy."

The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential through extensive geophysical surveys and shallow drilling. It has identified high-grade nickel and copper mineralization, with showings of cobalt, platinum, and palladium, along a 6 km strike length at shallow depths potentially suitable for open-pit mining. Upcoming activities include further drilling, metallurgical testing, and consultations with First Nations, culminating in a NI 43-101 resource report. The NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada, dated January 17, 2024, provides detailed project information.

Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process for the extraction and production of cleaner, low-carbon, battery-grade materials. This innovative process eliminates the need for traditional smelting, significantly reducing the environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM production initiatives, Coniagas is positioning itself as a potential player in the future of the EV industry. For more information, visit the Company's website.

This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. ("Coniagas" or the "Company") which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.