8 December 2023         

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Completion of Initial Knockeen Trench Sampling Programme at Leinster Lithium Project, Ireland 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that Global Battery Metals Ltd ("GBML"), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), has completed the recent shallow trench sampling programme at its Knockeen lithium pegmatite project located on the Leinster Lithium Project in Ireland. The project is progressing under an ongoing and successful option agreement between GBML and Technology Minerals which is being operated by GBML.

Highlights:

·    A cross-cut trench of approximately 25m in total length was successfully opened up at 1-2m depth to confirm a historically reported 1.8m wide spodumene bearing pegmatite dike.

·    Samples collected at 1m intervals along the exposed strike length of the dike were submitted for expedited lab testing with results delivery anticipated mid-December. 

·    Rock and soil assay results will be used to help inform 2024 exploration planning of the prospect and at several other target areas on the licence property.

Alex Stanbury, CEO of Technology Minerals, said: "We are pleased by the ongoing advancements at our Lithium project with GBML. The team's continued efforts have successfully concluded the initial surface trench sampling, paving the way for an understanding of surface-level opportunities at the site. We look forward to continue our exploration work with GMBL to unlock the full potential at Knockeen."

Michael Murphy, CEO of Global Battery Metals, said: "We're moving fast to see these assays. The team is pleased to confirm the historic dike target location and complete initial surface trench sampling before year end.  At only two metres, these trenching sample assays are important as they'll give us a clear view into the near surface lithium mineralisation opportunity that we believe exists. We are preparing now for our next exploration steps at Knockeen and surrounding areas and believe that we'll see an active and busy lithium discovery district take shape early in 2024."

Image 1: Knockeen Lithium Pegmatite Shallow Trench

GBML successfully intersects its target. Pictured is a cross cut intersection (facing north) of the spodumene bearing pegmatite dike in bedrock being prepped for sampling at 1m intervals.

Image 2: Knockeen Lithium Pegmatite Shallow Trench

One of the spodumene pegmatite boulders unearthed from the shallow trench at Knockeen.

The intersected pegmatite in the trench contained spodumene crystals along its full exposed length and five chip samples were collected at 1m intervals along its exposed length (see Image 1). These samples. along with several grab samples from large blocks of pegmatite in the trench (see Image 2) are also being analysed by ALS Laboratories, in Ireland.

Trench Details

The current trench was fully permitted through the Geoscience Regulation Office (GSRO) of the Department of Environment, Climate and Communications. The trench was designed to confirm a historically reported trenched spodumene pegmatite dike occurrence which was intersected over 1.8m width but with no assay data reported from this time. The current trench lies 25m along trend to the east of the old trench and forms a "T" shape by first cross cutting the dike with a 25m N-S trench and then exposing the dike along its length to the west towards the historical trench occurrence. Work on this small footprint of field area was undertaken in close association with the landowner and the Company will rehabilitate the trenched area back to the original field condition on completion (see Image 3).

The trenching will also assist in the interpretation of the spodumene bearing pegmatite dikes encountered in the 2023 summer drilling programme. The dike dips north westwards at approximately 40 degrees. This trench pegmatite is interpreted to be the same pegmatite intersected at 30m depth in drill hole 23-1597-02 and at 60m depth in drill hole 23-1597-03.  This gives a total down dip extension of at least 100m from surface. This dike is just one of the spodumene bearing dikes intersected in the drilling which form a broadly NE-SW trending dike swarm of up to seven dikes in 24 separate intercepts in nine diamond cored drill holes.

Detailed soil profile sampling was also conducted along the length of the main N-S trench to determine the best soil sample medium, A-B-C horizon to locate bedrock pegmatites below surface. This information will be used to help plan further broader reaching shallow soil geochemistry surveys.

Image 3: Knockeen Lithium Pegmatite Shallow Trench (Detail)

Location of historical trench and recent drilling.

Geology & Structure

The property lies along part of a 135km long regional structural trend of known lithium-bearing pegmatite bedrock occurrences, situated along the south-eastern margin of the Leinster Granite Massif and centred on the Aclare and Moylisha occurrences which were discovered during 1960s and 1970s and are currently being explored by Blackstairs Lithium (under the Ganfeng - International Lithium joint venture).

This trend is focused along and within a broad regional NE-SW trending structural zone termed the East Carlow Deformation Zone (ECDZ) which runs for over 135km along the SE flank of the Leinster Granite Massif between Dublin in the NE and north of New Ross to the SW. A recent detailed regional structural review and interpretation by the company using remote sensing data and regional geophysical data sets confirmed that PLA 1597 lies within the key ECDZ structural zone.

The Knockeen target area lies directly within this zone as it passes through the northern margin of the Backstairs Granite Pluton whilst the southern part of the license is cross cut by a splay of the ECDZ which passes south westwards along the southern margin of the Backstairs Granite Pluton. This southerly splay has been termed the North Wexford Deformation Zone (NWDZ) and provides a second highly prospective trend for the focus for ground exploration activities Several target areas have already been identified for detailed prospecting and mapping which will commence over the coming months.

About the Leinster Lithium Project

Located south of Dublin in the counties of Wicklow and South Carlow, the Leinster Lithium Project consists of 16 prospecting license areas covering approximately 525km² situated along strike to nearby Blackstairs Lithium's Avalonia Project (297km² joint venture between Ganfeng Lithium Co. Ltd. and International Lithium Corp.). All of the license holdings are located within or along the important East Carlow Deformation Zone, which is interpreted to control the emplacement of an existing LCT pegmatite field at the Blackstairs Mountains.

With first phase drilling concluded at Knockeen, Technology Minerals and GBML has succeeded in identifying a new and structurally controlled LCT pegmatite system of significance, importantly recording 24 intervals of lithium bearing spodumene pegmatites intersected across nine holes drilled. The spodumene pegmatites range in width between 0.10m up to 0.63m (true width) with the highest values grading up to 2.57% Li₂O. No drilling has ever been carried out at the Knockeen Prospect previously and intersecting lithium bearing pegmatites in all of the holes drilled so far is considered a major technical success. Prior surface exploration activities identified and confirmed expansive surface boulder trains of lithium pegmatite lithologies in a number of areas across the property, with recent assay results of 66 rock samples analysed by ALS Laboratories earlier this year returning Li₂O% lithium contents ranging up to 3.75% Li₂O / 17,410 ppm lithium.

Responsibility to the Environment

All mineral exploration activities in Ireland take place under the auspices of the GSRO, a division within the Government Department of the Environment, Communications & Climate Change. Exploration is governed under the framework of both Irish and EU legislation that has been implemented to ensure that the environment is protected during exploratory work. Prospecting license holders must comply with all of the relevant legislation. Technology Minerals and GBML is pleased to confirm that it adheres to the highest standards of good practice in relation to its ongoing exploration activities having completed a detailed GSRO "Appropriate Assessment" process prior to commencement which was reviewed, approved and signed off by the appropriate oversight authorities. TM1's Directors understand that social license is key to unlocking positive exploration outcomes by following low impact / low sound / low disturbance exploration programme best practice for environmental sensitivity.

Competent Person

All scientific and technical information in this announcement has been prepared under the supervision of and reviewed and approved by EurGeol Vaughan Williams, M.Sc., P.Geo., (Principal of Aurum Exploration Services currently providing exploration services to GBML and to LRH Resources Limited), a "qualified person" within the meaning of National Instrument 43-101.

Quality Assurance/Quality Control

Quality Assurance/Quality Control ("QA/QC") of drill core samples and associated assay results are monitored by GBML and Technology Minerals through a QA/QC protocol which includes the insertion of blind standard reference materials, blanks, and duplicates at regular intervals. Core is drilled in HQ core diameter and each 3 metres of core recovered is orientated by the drilling contractor on completion of each run drilled. Drill core is laid out in strong core boxes and transported by Company geologists from the drill rig to GBML's secure logging facility. Drill core is then logged using an established logging procedure capturing detailed lithological data as well as measuring all structural elements using a Reflex IQ Logger for accurate orientation of all contacts and structures. The core is marked up for sampling and sawn on site using a diamond core saw. Half core samples are then bagged and secured using plastic cable ties and the samples are then securely transported to ALS Laboratory ("ALS") facilities in County Galway, Republic of Ireland. Samples are analysed for lithium as well as multi- elemental trace elements using the specific LCT pegmatite analytical suite ME-MS89L offered by ALS. ALS also performs its own internal QA/QC procedures to assure the accuracy and integrity of results. GBML and Technology Minerals are unaware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Enquiries

Technology Minerals Plc 

Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at  www.technologyminerals.co.uk.   

Cautionary Statement Regarding "Forward-Looking" Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans at the Leinster Lithium Project, including the trenching programme and results therefrom. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions, and the receipt of any required regulatory approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Readers are urged to refer to the Company's reports for a more complete discussion of such risk factors and their potential effects, publicly available at SEDAR+, the Canadian Securities Administrators' national system that all market participants use for filings and disclosure, at  www.sedarplus.ca. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.