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United Battery Metals

Canadian Securities Exchange (CNSX) | May 27, 2020, 9:43 PM EDT

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United Battery Metals Announces Closing of Oversubscribed Private Placement

/ Not for Dissemination in the United States or Through United States Newswire Services /

VANCOUVER, BC / ACCESSWIRE / November 5, 2018 / Further to its news release of October31, 2018, United Battery Metals Corp. (CSE: UBM, OTC: UBMCF, FWB: 0UL) ("UnitedBattery Metals" or the "Company) intends to close on November 6, 2018 its oversubscribed non-brokeredprivate placement financing (the "Financing")of 485,434 units (the "Units"), eachissued at a price of $1.15, for aggregate gross proceeds of $558,249.

Each Unit consists of one common share inthe capital of the Company (a "CommonShare") and one-half of one Common Share purchase warrant, whereby eachwhole warrant (a "Warrant") isexercisable for one Common Share at a price of $1.25 for a period of 24 monthsfrom the date of issuance.

In connection with the Financing, the Companywill not pay any finders' fees.

The net proceeds from the financing are tobe used for continued exploration of the company's Wray Mesa vanadium propertyand for general and administrative expenses. The securities issued pursuant tothe financing (and any securities issued upon the exercise thereof) are subjectto a hold period which will expire four months and one day from the date ofclosing of the financing.

We seek Safe Harbor.

ON BEHALF OF THE BOARD OF

UNITED BATTERY METALS CORP.

/s/ Matthew Rhoades
Matthew Rhoades
Chief Executive Officer and Director

For further information, please telephone: (604)428-9063

Neither the Canadian Securities Exchange nor itsRegulation Services Provider accepts responsibility for the adequacy oraccuracy of this news release and has neither approved nor disapproved thecontents of this news release.

CautionaryStatement Regarding Forward-Looking Information

Thisnews release contains "forward-looking information" within the meaning ofapplicable securities laws, including statements relating to theCompany’s use of proceeds from the Financing and the outlook of the business ofthe Company. Although the Companybelieves in light of the experience of its officers and directors, currentconditions and expected future developments and other factors that have beenconsidered appropriate that the expectations reflected in this forward-lookinginformation are reasonable, undue reliance should not be placed on them becausethe Company can give no assurance that they will prove to be correct. Actualresults and developments may differ materially from those contemplated by thesestatements. The statements in this news release are made as of the date of thisrelease. Except as required under applicable securities legislation, theCompany undertakes no obligation to update or revise forward-lookinginformation that is incorporated by reference herein, except as required byapplicable securities laws.

SOURCE:UnitedBattery Metals Corp.

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