Core Insights - Global Battery Metals Ltd. (GBML) has been notified by Minsur S.A. of its intention to relinquish its option to acquire the Company's 55%-owned Lara Copper Project in southern Peru [1] - The Lara Copper Project is part of an Option and Royalty Agreement established in July 2020 with Lara Exploration Ltd. for the sale of the project to Minsur [2] - The project includes mineral rights covering a partially defined copper-molybdenum porphyry deposit, with 9,850 meters of drilling completed, outlining a mineralized footprint of 2,000 meters east to west and between 500 meters and 800 meters north to south [3] - Management of GBML is currently working with partners to determine the next steps for the Lara Copper Project [4] Company Overview - GBML is an international mineral exploration and development company focused on lithium, copper, and other metals that support the transition to battery power [6] - The company holds a 100% interest in the Lithium King Property in Utah and a 55% stake in the Lara Copper Property, which has over 10,000 meters of drilling [6]

Core Points - Minsur S.A. has notified Lara Exploration Ltd. of its intention to terminate the option to acquire the Lara Copper Project, which is 45%-owned by Lara [1] - The Lara Copper Project is located in the Laramate Province of the Ayacucho Department in Peru, featuring a partly defined copper-molybdenum porphyry deposit [2] - The project has undergone 9,850 meters of drilling, outlining a mineralized footprint of 2,000 meters east to west and between 500 meters and 800 meters north to south [2] - Notable drilling results include intercepts of 108 meters at 0.81% Cu and 0.015% Mo, and 218 meters at 0.57% Cu and 0.042% Mo [6] Company Overview - Lara Exploration is an exploration company advancing its 100%-owned Planalto Copper-Gold Project in Brazil, with a detailed open-pitable Mineral Resource [4] - The company follows a Prospect and Royalty Generator business model to minimize shareholder dilution and financial risk, retaining minority interests and/or royalties [4] - Lara holds a diverse portfolio of prospects, deposits, and royalties in Brazil, Peru, and Chile, with its shares trading on the TSX Venture Exchange under the symbol "LRA" [4]