RecycLiCo Battery Materials, (TSX.V: AMY; OTCQB: AMYZF) is pleased to announce that it has closed the Offering described in the previously announced news releases dated May 31, 2010 and June 10, 2010. The Company has issued 4,613,184 units (each a “Unit”) at a price of $0.22 per Unit for gross proceeds of $1,014,900.48. Each Unit consists of one common share in the capital of the Company (a “Common Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Common share at a price per Common Share of $0.30 for a period of 24 months following the date of closing of the Offering.

Pope & Company Limited acted as agent and received an 8% cash commission as well as compensation options entitling the Agent to purchase that number of Units of the Company that is equal to 8% of the aggregate number of Units sold under the Offering at an exercise price of $0.22 per Unit for a period of 24 months following the closing date of the Offering.

The Units were sold pursuant to an amended short form prospectus dated June 10, 2010, on a
best efforts basis.

The net proceeds from the sale of the Units will be used for diamond drilling on the Company’s Artillery Mountain Manganese Project; for metallurgical testing and process design work; for BLM payments and option payments to patent holders; and for general working capital.

The Units have not been, nor will they be registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States, or to or for the account or benefit of U.S. persons without registration or pursuant to an applicable exemption from the U.S. Registration requirements.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy securities.

About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.

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.

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