Ni - Surge Battery Metals Inc.

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Ni - Surge Battery Metals Inc.
28

                                                                             NiNickel

                              29                                                                                           3

                               Cu  Copper
                                                                                                                               Li
                                                                                                                               Lithium

                          Exploring For & Developing Clean Energy Metals
                               to Drive Tomorrow’s Electric Vehicles

TSXV:NILI | OTCQB:NILIF                     © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                 Investor Presentation: August 2021
                                                                                                                                                                          June 2021 | 1
Ni - Surge Battery Metals Inc.
DISCLAIMER
             Surge Battery Metals Inc. (“Surge Battery Metals” or “the Company”), has taken all reasonable care in producing and publishing information contained in this
             presentation, and will endeavor to do so regularly. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical
             errors, for which the Company assumes no responsibility. Surge Battery Metals does not warrant or make any representations regarding the use, validity,
             accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to,
             negligence, shall Surge Battery Metals be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss
             of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your
             use, or inability to use, the material in this presentation. The information is not a substitute for independent professional advice before making any
             investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information, images and maps in this
             presentation, unless you have obtained written permission from the management of Surge Battery Metals.

             No securities commission or other regulatory authority has in any way reviewed the information in this presentation and Surge Battery Metals makes no
             representation or warranty to that effect.

             Forward-Looking Statements

             This presentation contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking
             statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those
             currently anticipated in such statements. While Surge Battery Metals has taken reasonable care to ensure that information presented in this presentation is
             current, the Company expressly disclaims any responsibility to update or revise any forward-looking statements whether as a result of new information,
             future events or otherwise.

             Third Party Links

             Surge Battery Metals has provided links and/or URLs in this presentation to several other websites which are arms-length to the Company. The viewer
             should be aware that in linking to these outside websites, they are leaving the Surge Battery Metals presentation and that the Company is not responsible
             for the content of any other website.

             Qualified Persons

             Alan Morris, CPG, is the QP who has reviewed the technical contents of this presentation with respect to the Nevada Lithium claims. Joe Shearer, P. Eng, is
             the QP who has reviewed the technical contents of this presentation with respect to the Caledonia Copper Project. Jeremy Hanson, P.Eng is the QP who has
             reviewed the technical contents of this presentation with respect to the Nickel Project. Qualified Persons are defined in National Instrument 43-101 and
             based on standards established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).

                                             © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                  June 2021 | 2
Ni - Surge Battery Metals Inc.
FUNDED & GROWING COMPANY

Surge Battery Metals       Fully Funded
Inc. is a Canadian                                                                                                              Low carbon world
based exploration          •   $4.3M CAD in treasury from financings in 2021                                                    needs $1.7 trillion
company focused on         •   Fully funded for 2021 corporate plans                                                                in mining
locating & developing                                                                                                              investment
                           •   Conversion of warrants from recently completed Unit
high value deposits of                                                                                                              May 10, 2021
                               offering could add another $1.3M CAD
clean energy battery
metals that are vital to
the rapidly growing
electric vehicle (EV)      Actively Growing Shareholder Value
market.
                           •   Targeting battery metals with rapid demand growth
                           •   Developing copper and nickel projects in BC
                           •   Developing lithium project in Nevada

                                                 © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                         June 2021 | 3
Ni - Surge Battery Metals Inc.
ESG MANDATED
                                                                                                                                                                                                          The Rise of
                                                                                                                                                     EVs displace 1M+
As an ESG                                                                                                                                             barrels per day.
                                                                                                                                                                                                         ESG-Mandated
(Environmental, Social                                      Reducing                                                                                                                                       Investing
and Corporate                                                  Oil                                                                                By 2050, EVs and fuel
                                                                                                                                                     cell vehicles are
Governance) mandated                                        Demand                                                                                 expected to displace                               Professionally Managed
company, we’re                                                                                                                                    21M barrels per day.1                                Assets in US$ Trillions
focused on battery
                                                                                                                                                                                            $70
metals that will                                                                                                                                                                                       ESG-mandated assets to
advance the adoption                                                                                                                                                                                  grow almost 3x as fast as
                                                                                                                                                                                            $60
                                                                                                                                                                                                      non-ESG-mandated assets
of electric vehicles                                                                                                                                 If almost all road                                 to hit 50% by 2025.3
                                                                                                                                                                                            $50
(EVs) to create a                                           Less                                                                                    transport was fully
cleaner world while                                      Electricity                                                                              electrified by 2050, it                   $40
building new                                           Than Expected                                                                             would only add 25% to
industries.                                                                                                                                          global electricity                     $30
                                                                                                                                                          demand.1
                                                                                                                                                                                            $20

                                                                                                                                                                                            $10

                                                                                                                                                   Testing shows mining                      $0
                                                                                                                                                    tailings can capture                             2012 2014 2016 2018 2025p
                                                          Carbon-                                                                                     significant CO2.
                                                          Neutral                                                                                 This natural process is
                                                                                                                                                                                                  ESG-mandated              non-ESG-mandated
                                                        Opportunities                                                                               expected to enable                       Source: US SIF Foundation data through 2018; Deloitte Center for
                                                                                                                                                                                             Financial Services analysis through 2025
                                                                                                                                                   carbon-neutral nickel
                                                                                                                                                    mining operations.2

1. https://about.bnef.com/electric-vehicle-outlook/; 2. https://fpxnickel.com/2021/06/fpx-nickel-reports-expanded-field-tests-demonstrating-the-baptiste-deposit-has-unique-potential-to-
become-the-nickel-industrys-first-large-scale-carbon-neutral-operation/; 3. https://www2.deloitte.com/us/en/insights/industry/financial-services/esg-investing-performance.html

                                                                                                   © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                                      June 2021 | 4
Ni - Surge Battery Metals Inc.
PROVEN TEAM

Our team has the       Greg Reimer, President & CEO                                                                Gordon Jung, Director
know-how to grow the   Former Executive VP of BC Hydro’s                                                           35+ years in business operations, including
                       Transmission & Distribution business group,                                                 marketing and product development for major
Company rapidly and
                       accountable for combined budgets of over                                                    food chain Overwaitea Food Group. Specializes
sustainably, from      $900M. Left BC Hydro to pursue work in                                                      in strategic planning, driving revenues, and
business building to   the green energy field.                                                                     improving competitive market position.
strategy, marketing,
capital markets and
administration.
                       Robert Culbert, Director                                                                    Tina Whyte, Corporate Secretary
                       Professional engineer with 30+ years of                                                     20+ years’ experience: corporate
                       international project experience. Former                                                    governance, continuous disclosure,
                       president of a land resource and                                                            financing transactions, regulatory filings and
                       environmental consultancy. Has served as                                                    compliance. Corporate secretary with other
                       director of several junior resource companies.                                              publicly listed companies.

                       Konstantin Lichtenwald, CFO
                       Chartered Professional Accountant (CPA, CGA)
                       and co-founder of corporate finance firm Zeus
                       Capital Ltd. Worked for Ernst & Young GmbH,
                       Germany. Specializes in corporate finance,
                       valuation, taxation and financial reporting.

                                    © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                               June 2021 | 5
Ni - Surge Battery Metals Inc.
EXPERIENCED ADVISORS

Our advisors give us     Bill Macdonald, Legal Advisor                                                               Chip Richardson, Strategic Advisor
the advantages of        Founder and principal of Macdonald                                                          Life-long banker. Assistant VP, Investments for
                         Tuskey, Corporate and Securities Lawyers.                                                   Wedbush Securities. Upon earning B.Sc.
expertise in resource    Former partner with Clark Wilson LLP.                                                       Economics, was hired as Financial Advisor by
finding & development,   Director of several energy and mining                                                       Dean Witter Securities, now Morgan Stanley.
and successfully         companies.                                                                                  Worked at Paine Webber, now UBS.
navigating regulations
and international
projects.
                         Bill Morton, MSc. P.Geo., Geological Advisor                                                Ali H. Alizadeh, Geological Advisor
                         40+ years in mining and geoscience. Nearly 20                                               Senior geologist with extensive experience in
                         years in senior management for publicly traded                                              exploration and project management.
                         resource companies. Past involvement with major                                             Responsible for a number of Uranium, Gold and
                         metal exploration projects across Canada, the US                                            Base Metal exploration projects during his
                         and Mexico.                                                                                 career.

                         Alan Morris, CPG, Geological Advisor                                                        Jacques Houle, P.Eng., Geological Advisor
                         Certified Professional Geologist with 37+ years                                             42 years of experience in exploration and
                         in minerals industry. Experience with lithium                                               mining industry, including 13 years at
                         brine deposits in Nevada. Owner of Ruby                                                     management level, 5 years U/G mine geology,
                         Mountain GIS (property evaluations and                                                      3 years with government, and 17 years as an
                         acquisitions).                                                                              independent consultant and QP.

                                      © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                              June 2021 | 6
Ni - Surge Battery Metals Inc.
EXPERIENCED ADVISORS

Our advisors give us     Jeremy Hanson, P.Eng. Geological Advisor
the advantages of        Over a decade of experience in mineral
expertise in resource    exploration throughout Canada. Broad
                         geological knowledge with experience in
finding & development,   magmatic Ni-Cu, porphyries, epithermal, lode
and successfully         gold, and VMS deposits.
navigating regulations
and international
projects.

                                     © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute   June 2021 | 7
EVs DRIVING BATTERY METALS DEMAND

                                                                   89%                                                           40+%
                                                                                                                                                                                                       Global Number of EVs:
                                                                                                                                                                                                         The Last 10 Years
Electric vehicles (EVs)                                                                                                                                                                                               in millions
represent a $7 trillion
global market                                                        How much lithium-ion                                                   Percentage that                                   10m
opportunity between                                                  battery prices fell from                                               EV sales rose in                                   8m                 600x
                                                                     2010 to 2020, making                                                 2020 YoY, breaking
today and 2030 and                                                                                                                                                                             6m
$46 trillion between
                                                                      EVs more affordable2                                                    all records3                                                      Increase
                                                                                                                                                                                               4m
now and 2050.1
                                                                                                                                                                                               2m

                                                                         15x                                                                20+
                                                                                                                                                                                               0m
Surge Battery Metals                                                                                                                                                                                 2010       2012
                                                                                                                                                                                                                2012       2014      2016     2018
                                                                                                                                                                                                                                              2018     2020

is strategically                                                                                                                                                                                            Source: International Energy Agency

targeting the EV
                                                                            How much                                                         Countries fully
market’s near-term &
                                                                        EV battery demand                                                  phasing out fossil                                          Global Number of EVs:
long-term demand to                                                     nearly increases by                                                fuel cars over the                                            The Next 20 Years
create shareholder                                                            20302                                                        next 10-30 years3                                                          in millions
value.                                                                                                                                                                                        600m
                                                                                                                                                                                              500m

                                                                18 of 20                                                                      #
                                                                                                                                                                                              400m
                                                                                                                                                                                                                   60x
                                                                                                                                                                                              300m              Increase
                                                                                                                                                                                              200m
                                                                      Number of world’s top                                              Number of top auto                                   100m
                                                                      auto makers planning                                              makers securing direct                                  0m
                                                                      to rapidly scale up EV                                            access to raw materials                                              2020              2030             2040

                                                                           production1                                                         for EVs4                                                           Source: BloombergNEF

1. https://www.mining.com/ev-sales-expected-to-rise-by-2040-push-battery-metals-demand-report/; 2. https://about.bnef.com/electric-vehicle-outlook/; 3. https://www.iea.org/reports/global-
ev-outlook-2021/policies-to-promote-electric-vehicle-deployment#abstract; 4. https://www.mining.com/web/volkswagen-seeks-partners-for-battery-materials-race/

                                                                                                  © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                                       June 2021 | 8
STRATEGIC BATTERY METAL TARGETS
                                                                                                                                              29

We only target battery
                                                                                                                                               Cu   Copper     $5.00
                                                                                                                                                                           Copper Price – 5 Years
                                                                                                                                                                                          USD/lb

metals that have rapid
                           EVs Driving Rapid Demand Growth                                                                                                     $4.00
                                                                                                                                                               $3.00

demand growth                                 Forecast: 2019 vs 2030                                                                                           $2.00

forecasts and that are
                                                                                                                                                               $1.00
                                                                                                                                                               $0.00
positioned to
                                                                                                                                                                         2017         2018         2019        2020     2021
                                                                                                                  14x
                                                                                                                                                                                     Source: Mining.com
outperform in the
market.
                                                                       10x                                                                    28
                                               9x
                                                                                                                                                  NiNickel    $10.00
                                                                                                                                                                            Nickel Price – 5 Years
                                                                                                                                                                                          USD/lb

                                                                                                                                                               $8.00
                                                                                                                                                               $6.00
                                                                                                                                                               $4.00
                                                                                                                                                               $2.00
                                                                                                                                                               $0.00
                                                                                                                                                                         2017         2018         2019       2020      2021
                                                                                                                                                                                    Source: Mining.com

                                                                                                                                              3
                                               Lithium

                                                                        Copper

                                                                                 Iron

                                                                                                                  Nickel
                                     Cobalt

                                                                                                       Aluminum
                                                          Graphite
                         Manganese

                                                                                          Phosphorus
                                                                                                                                                    Li
                                                                                                                                                    Lithium    $300
                                                                                                                                                                           Lithium Price – 5 Years
                                                                                                                                                                                          USD/Mt

                                                                                                                                                               $250

                                                                                                                                                               $200

                                                                                                                                                               $150
                                                         Source: BloombergNEF
                                                                                                                                                               $100
                                                                                                                                                                         2017         2018         2019        2020     2021
                                                                                                                                                                       Source: BNNBLoomberg.com (Lithium Price Index)

                                                                     © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                                              June 2021 | 9
ESSENTIAL & DOMESTIC BATTERY METALS

Copper, Nickel and                                                                                                                                                                          • Provides high conductivity
Lithium are the                                                                                                                                                           Copper
backbone of leading-                                                                                                                                                       8%               • Resistant to pressure & corrosion
edge battery                                                                      Iron
                                                                                                                                                                                            • Also used in EV motors, wiring
                                                                                  9%
technologies while                                                                                                                                                                            and charging stations1
representing the best                                          Steel
                                                               13%
opportunities to create                                                                                                        Cobalt
secure, domestic                                                                                                                6%
supply solutions for                                                                       Typical
North American auto                                                                      EV Battery                                                                                         • Provides higher energy density
makers and battery                                                                       Breakdown                                                                          Nickel
manufacturers.                                     Graphite                              by Weight                                Manganese                                  5%             • Lowers energy storage cost
                                                    15%                                                                              5%
                                                                                                                                                                                            • Enables longer drive ranges2
                                                                                                                                       Polyester
                                                                                                                                         3%

                                                                 Aluminum                                        Other
                                                                   16%                                            8%
                                                                                         Source: USB estimates                                                                              • Lithium-ion batteries have one
                                                                                                                                                                          Lithium             of the highest energy densities
                                                                                                                                                                            2%              • Comparatively low maintenance
                                                                                                                                                                                            • No memory effect3

1. https://www.visualcapitalist.com/copper-critical-today-tomorrow-and-forever/‘ 2. NickelInstitute.org; 3. https://www.cei.washington.edu/education/science-of-solar/battery-technology/

                                                                                                     © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                            June 2021 | 10
EXPLORATION REGION #1: BRITISH COLUMBIA

British Columbia has
the world’s largest                                                   Mining-Friendly Regulations
concentration of
exploration companies
and mining                                                            Stable Political Environment
professionals for
excellent reasons.1
                                                                      Carbon Neutral Hydro Electricity

                                                                      Eco-Friendly Rail Lines
                                                                       Close to most mining districts

                                                                      Top-Ranked Mining Jurisdiction
                                                                       Ranked 3rd best in the world by The Mining Journal (2017)

                                                                      Respect For Indigenous People
                                                                       Harmonious working relationship with & largest private
                                                                       sector employer of Indigenous people in Canada2

1. https://www.britishcolumbia.ca/invest/industry-sectors/mining/; 2. https://www.mining.bc.ca/indigenous-relations

                                                                                                   © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute   June 2021 | 11
COPPER PROJECT: CALEDONIA

Our Caledonia Copper                                    Location: Northern Vancouver Island, BC, Canada
Project is adjacent to a                                Region: Nanaimo Mining District
Freeport-McMoRan JV                                     Claims: 7 mineral claims in 1 group
partnership and is                                      Total Area: 1,741 hectares (4,302 acres)
7 km (4.4 mi) from                                      Interest: 100%
                                                        Royalties: 2% NSR
BHP’s past producing
                                                        Geology: Lies within a 50-km-long (31-mi-long) copper
Island Copper Mine,
                                                        belt northwest of the Island Copper Mine
formerly Canada’s
third-largest copper                                    Transportation: Airport at nearby Port Hardy, a main
producer (extracted 345                                 distribution center
million metric tonnes @ 0.41%                           Infrastructure:
copper).
                                                            • Good access by network of logging roads
                                                            • Powerline connecting one of BC’s largest wind farms
Metallurgical testing                                         to the main power grid passes immediately north of
indicates flotation                                           the project
gives high recovery                                         • Marine load out structure & hydro power line 7 km
rates for Copper and                                          (4.4 mi) to southeast at reclaimed Island Copper
                                                              Mine                                                                                                                Exploration Plans: Detailed exploration program
Silver (J.T Shearer P. Geol
                                                                                                                                                                                  currently being planned for 2021.
report 2013).                                           Property History:
                                                           • 0.9 tonnes ore shipped in 1929 grading 514.2 g/t Silver & 7.3% Copper1
                                                           • Chip sample in 1926 across 1.8m assayed trace gold, 418.2 g/t Silver & 2.0% Copper2
                                                           • Historical estimate by Cominco: possible reserves of 68,000 tonnes grading 0.34 g/mt Gold,
                                                             704.2 g/mt Silver & 6.1% Copper3
                                                           • Trenching samples in 2007 returned values including 581.7 g/mt Silver (16.97 oz/t) &
                                                             4.42% Copper4
1. Malcolm, 1969; 2. Minister of Mines Annual Report 1926; 3. George Cross News Letter #221, 1981; Statement of
Material Facts July 5, 1972 – North Island Mines Ltd., D.C. Malcolm, April 24, 1972; 4. J.T Shearer P. Geol report 2013

                                                                                                   © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                            June 2021 | 12
NICKEL PROJECT: HARD NICKEL & NICKEL 100 GROUPS

The Hard Nickel            Location: Central BC, Canada
Group’s exploration        Claims: 7 claim blocks in 1 group [Hard Nickel] & 5 claim blocks in 1
targets are bordering      group [Nickel 100]
or in close proximity to   Total Area: 6,900.82 hectares (~17,052 acres) [Hard Nickel] & 8,659.88
FPX Nickel Corp.’s         hectares (~21,399 acres) [Nickel 100]
                           JV Interest: Option to earn 80% (with 20% held by Nickel Rock
Decar Project where
                           Resources)
their potentially
                           Royalties: 2% NSR
carbon neutral
                           Geology: The Hard Nickel Group claims are partially underlain by rocks
Baptiste deposit has       like those hosting the Decar Project, in which FPX has invested ~$25M
recently been              to explore & develop to date
confirmed as one of
the world’s most           Nearby Center: ~100-130 km (~62-81 miles) NW of Fort St. James
robust large-scale         Infrastructure:
nickel projects.               • Good access by paved and gravel roads & helicopter
                               • Hydroelectric power lines cross the region
                               • Inactive CNR rail line short distance to east [Hard Nickel] & BC Rail
The Nickel 100 Group
                                 line ~12 km to south [Nickel 100]
has confirmed                                                                                                                              Exploration Plans:
elevated values of         Property History – Hard Nickel Group:                                                                           • Proposed work program for 2021 includes prospecting,
nickel, cobalt and            • Nickel Rock Resources prepared & filed NI 43-101 Technical Report                                            geological mapping, rock and soil sampling, trenching &
                                (Jan. 21, 2021)                                                                                              diamond drill program [Hard Nickel]
chromium in rocks and
                              • Metallic mineralization includes nickel, cobalt and chromium
stream sediments, and         • Some nickel mineralization occurs as awaruite, a naturally occurring                                       • Exploration program was awarded to Hardline Exploration
documented presence             nickel-iron alloy first discovered in the area in 1983; awaruite is                                          on April 26, 2021 [Hard Nickel]
of awaruite.                    important in the manufacture of environmentally-friendly EV batteries
                              • Reports of exploration on and around the property are available
                                dating back to 1974
                                                            © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                     June 2021 | 13
EXPLORATION REGION #2: NEVADA

The world-class
mining region of                                                 Mining-Friendly Regulations
Nevada is home to
America’s only current
lithium production and                                           Stable Political Environment
one of the country’s
largest lithium
deposits while being                               Li            Producing Lithium Since 1966
                                                   Lithium
ideally positioned to
supply domestic and
Asian markets.                                                   Eco-Friendly Rail Lines
                                                                 1,770+ km (1,100+ miles)

                                                                 Top-Ranked Mining Jurisdiction
                                                                 Ranked 3rd best in the world by The Fraser Institute (2019)

                                                                 Effective and Successful Reclamation
                                                                 Strong ethic toward restoring mined land to a natural or
                                                                 economically usable state1

                                                                 Local Demand Scaling Up
                                                                 Tesla’s production target is 20M cars by 20302

1. https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/about/Nevada; 2. https://www.ft.com/content/b13f316f-ed85-4c5f-b1cf-61b45814b4ee

                                                                                           © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute   June 2021 | 14
LITHIUM PROJECT: NORTHERN NEVADA LITHIUM PROJECT

Our very early-stage                                 Location: Elko County, Nevada, USA
Northern Nevada                                      Region: Granite Range
Lithium Project’s                                    Claims: 38 mineral claims in 1 group
target is a lithium clay                             Interest: 100%
deposit of the type of                               Royalties: 1% NSR
                                                     Geology: Mapping has identified regional rocks as being
Lithium America’s
                                                     of similar age & composition as the McDermitt Tuff that
Thacker Pass – one of
                                                     hosts Lithium America’s Thacker Pass lithium deposit, one
America’s largest
                                                     of America’s largest
lithium deposits – or
Nevada’s Clayton                                     Transportation: Property access by ~32 km (~20 mi) of
Valley, home to                                      county-maintained gravel roads & ~5 km (~3 mi) of local
America’s only current                               roads
lithium production.                                  Infrastructure: Major power line ~13 km (~8 mi) to the
                                                     east
We will strategically
                                                     Property History:
expand our land                                         • Immediate project area has not been the subject of
position through an                                       modern detailed geologic mapping or age dating                                                                     Exploration Plans:
additional staking                                      • Limited stream sediment and rock chip sampling                                                                     • Grid soil survey & geologic mapping to identify favorable
program targeting                                         accomplished to date show strong initial lithium                                                                     horizons for drill testing
known sedimentary                                         readings                                                                                                           • Geologic & exploration work to identify source beds of
                                                        • Sediment samples include 1,980 ppm and 1,540                                                                         anomalous sediments
horizons with potential
                                                          ppm lithium1
for lithium bearing clay                                • Rock chip samples include up to 367 ppm lithium
deposits.                                                 though not being collected in the anomalous
                                                          drainages1
1. https://www.newswire.ca/news-releases/surge-battery-metals-targets-new-lithium-clay-deposits-in-nevada-847883883.html

                                                                                              © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                       June 2021 | 15
SHARE STRUCTURE & PERFORMANCE

            Share Structure                                                   Share Performance*
        Issued & Outstanding:     78,620,716                                        Market Cap:               $12.42M
       Shares to be Issued on                                                                   Price:        $0.23
  Exchange approval of Nickel      5,000,000
         Property Transaction                                                   52-Week Low:                  $0.06

   Stock Options Outstanding:      5,003,000                                   52-Week High:                  $0.28

       Warrants Outstanding:      16,345,833                               Average Volume:                    29,570
                                                                      *TSXV:NILI as of July 29, 2021
                Fully Diluted:   104,969,549

 Transfer Agent                                Auditor                                                                        Legal
 Odyssey Trust Company                         DMCL Chartered Professional Accountants                                        William M. McDonald Attorney,
 835-409 Granville Street                      Suite 2700-650 West Georgia Street                                             Barrister & Solicitor
 Vancouver BC, Canada V6C 1T2                  Vancouver BC, Canada V6B 4N9                                                   Suite 400-570 Granville Street
                                                                                                                              Vancouver BC, Canada V6C 3P1

                                               © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                              June 2021 | 16
BRIGHT FUTURE FOR BATTERY METALS

         “The outlook for EV adoption                                       “BloombergNEF (BNEF)                                               “Around 90% of battery                                      “Battery-related metals such
         is getting much brighter, due                                   forecasts global sales of zero-                                        demand will come from                                      as nickel, copper, and lithium
           to a combination of more                                       emission cars rising from 4%                                      electric vehicles (EVs) over the                               are expected to see their EV-
             policy support, further                                       of the market in 2020 to                                              next two decades.”3                                       related demand surge in the
            improvements in battery                                             70% by 2040.”2                                                                                                                    coming years.”4
             density and cost, more
         charging infrastructure being
         built, and rising commitments
               from automakers.”1

1. https://about.bnef.com/electric-vehicle-outlook/; 2. https://www.mining.com/ev-sales-expected-to-rise-by-2040-push-battery-metals-demand-report/; 3. https://www.forbes.com/sites/woodmackenzie/2021/02/18/future-
energy--how-electric-vehicles-transform-battery-demand/; 4. https://www.visualcapitalist.com/tag/electric-vehicles/

                                                                                               © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                                          June 2021 | 17
WHY INVEST IN SURGE BATTERY METALS

                   Upcoming Catalysts: ongoing news flow from 2021
                   exploration programs
                   Fully Funded: $4.3M CAD in treasury & $1.3M expected from warrants

                   ESG Mandated: Committed to creating a cleaner world & transportation

                   Proven Team & Advisors: Business building, capital markets & resource projects

                   Near and Long-Term Demand: Increasing EV adoption driving growing need for
                   domestic battery metals supplies

                   World-Class Regions: BC & Nevada are top-ranked mining jurisdictions

                   Growing Shareholder Value: Developing portfolio of 3 battery metals projects

                   © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute     June 2021 | 18
28

                                                                             NiNickel

                              29                                                                                           3

                               Cu  Copper
                                                                                                                               Li
                                                                                                                               Lithium

                                                                                                                                         778-945-2656

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                          Exploring For & Developing Clean Energy Metals                                                                 www.surgebatterymetals.com

                               to Drive Tomorrow’s Electric Vehicles                                                                     #1220-789 West Pender Street
                                                                                                                                         Vancouver BC
                                                                                                                                         Canada V6C 1H2

TSXV:NILI | OTCQB:NILIF                     © Surge Battery Metals Inc. – Confidential & Proprietary – Do not distribute                                        June 2021 | 19
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