Professional Geoscientist is Completing a NI43-101 Report on the Rocher DeBoule IOCG Property

RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to report that work is progressing on the proposed spin-out of some of its mineral properties into a new company, as announced on July 23, 2020.

First, the Company has engaged Ron Parent, P.Geo, to complete a NI43-101 compliant report on its Rocher DeBoule Property, a project which contains a past-producing high grade copper and gold mine.  Highlights of the mine, as reported in Bulletin No. 43 from the British Columbia Department of Mines and Petroleum Resources, were discussed in the July 23, 2020 news release. Work to be performed on the Rocher Deboule Property will include geological modelling, mapping, and mineral resource evaluation.

The Company is also preparing to seek an interim court order to hold a special general meeting of shareholders, in order to have its shareholders approve a proposed plan of arrangement (the “Arrangement”). Details of the Arrangement will be forthcoming.

On behalf of Management

RecycLiCo Battery Materials

Larry W. Reaugh
President and Chief Executive Officer

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The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.