FILING OF ANNUAL INFORMATION FORM AND LETTER TO SHAREHOLDERS

News provided by

Sep 05, 2023, 06:00 ET

VANCOUVER, BC and HOUSTON, Sept. 5, 2023 /PRNewswire/ - International Battery Metals Ltd. (the "Company") is pleased to advise that on Wednesday, Aug. 30, 2023, it filed with the British Columbia Securities Commission an Annual Information Form for the financial year ending March 31, 2023 (the "AIF").

The filing of the AIF is due in part to the Company's ongoing development of its Module Direct Lithium Extraction Unit, as well as the Company's ongoing strive to ensure it maintains the highest disclosure standards. Additionally, the Company believes that the filing of the AIF reflects a positive step in the Company's growth that will provide the Company with greater exposure to the investment community, including institutional investors in both Canada and the United States.

In addition to the filing of the AIF, the Company would also like to advise that it has posted on its website a letter from Garry Flowers, the Company's Chief Executive Officer, addressed to shareholders of the Company (the "Shareholder Letter"). The Shareholder Letter provides readers with a general overview of the Company's development over the course of the 2023 fiscal year, as well as a general outlook of the Company for the upcoming months. A copy of the Shareholder Letter can be found on the Company's website located at www.ibatterymetals.com.

About the Company

The Company's direct lithium extraction technology is based on proprietary lithium extraction housed in patented extraction towers that are enclosed in a modular, shippable platform able to be loaded and brought into production within 10 days of arrival on a customer site. Utilizing the patented technology, the Company's focus has been on advanced extraction of lithium chloride from ground water salt brine deposits and returning the same water to the subsurface aquifer from which it is extracted. The Company' unique patented technology ensures faster delivery of lithium chloride while ensuring minimal environmental impact.

ON BEHALF OF THE BOARD

"Garry Flowers"

Garry Flowers, CEO

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

Forward‐looking and cautionary statements

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release may contain statements within the meaning of safe harbour provisions as defined under securities laws and regulations.

This release may contain certain forward‐looking statements with respect to certain of the plans and objectives of the Company and expectations about the potential impacts of filing the AIF, including the anticipated benefits, express or implied, of increasing the Company's exposure to institutional investors. The use of any of the words "will", "expected", "view", "believes" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

By their nature, forward‐looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward‐looking statements.

SOURCE International Battery Metals Ltd.