Lodestar Investor Presentation July

TSX-V: LSTR OTCQB: SVTNF Investor Presentation / July 2023

Investor Presentation – July 2023
This presentation contains “forward-looking information,” which may include but is not
limited to statements concerning the future financial or operating performance of Plymouth
Realty Capital Corp. and, upon completion of its transaction to acquire Penasco Quemado,
La Frazada and Pluton properties, located in Mexico, (the “Mexican Silver Properties”) from
Silver One Resources Inc., Lodestar Battery Metals Metals Corp. (collectively, the “Company”)
and its projects, the future price of gold, silver or other metal prices, exploration expenditures,
costs and timing of future exploration, requirements for additional capital, government
regulation of mining operations, environmental risks, reclamation expenses, title disputes or
claims, limitations of insurance coverage and regulatory matters. Often, but not always,
forward-looking statements can be identified by the use of words such as “plans,” “expects,”
“is expected”, “budget,” “scheduled,” “estimates,” “forecasts”, “intends,” “anticipates,” or
“believes” or variations (including negative variations) of such words and phrases, or
statements that certain actions, events or results “may”, “could,” “would”, “might” or “will” be
taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors that may cause the Company's actual results
to be materially different from any future results, performance or achievements expressed
or implied by the forward-looking statements. Such factors include, among others, ability to
complete its transaction with Silver One Resources Inc. to acquire the Mexican Silver
Properties, completion of the private placement financing, general business, economic, and
competitive uncertainties; lack of production; limited operating history of the Company; the
actual results of current exploration activities; ability to obtain prospecting licenses or
permits; the legal obligations to consult and accommodate aboriginal land claims; proper
title to the claim that comprises the Mexican Silver Properties; the Company may lose or
abandon its interest in the Mexican Silver Properties; ability to retain qualified personnel; the
ability to obtain adequate financing for exploration and development; volatility of
commodity prices; environmental risks of mining operations; accidents, labour disputes and
other risks of the mining industry, including but not limited to environmental hazards, cave-
ins, pit-wall failures, flooding, rock bursts and other acts of God or unfavourable operating
conditions and losses. Forward-looking statements are based on several material factors
and assumptions, including results, performance or achievements ng the determination of
mineral reserves or resources, if any, the results of exploration and drilling activities, the
availability and final receipt of required approvals, licenses and permits that sufficient
working capital is available to complete proposed exploration and drilling activities, that
contracted parties provide goods and services on the agreed time frames, the equipment
necessary for exploration is available as scheduled and does not incur unforeseen break
downs, that no labour shortages or delays are incurred and that no unusual geological or
technical problems occur. While the Company considers these assumptions reasonable
based on information currently available to it, they may prove incorrect. Actual results may
vary from such forward-looking information for a variety of reasons. These forward-looking
statements are made as of the date of this presentation and are based upon
management’s beliefs, estimates and opinions. Following listing on the TSX Venture
Exchange, the Company intends to discuss in its quarterly and annual reports referred to as
the Company’s Management’s Discussion and Analysis documents any events and
circumstances that occurred during the period to which such document relates that are
reasonably likely to cause actual events or circumstances to differ materially from those
disclosed in this presentation. New factors emerge from time to time, and it is not possible
for management to predict all of such factors and to assess in advance the impact of each
such factor on the Company’s business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those contained in any forward-
looking statement. Other than as required by law and as otherwise stated in this
presentation, the Company does not intend. It undertakes no obligation to update any
forward-looking information to reflect, among other things, new information or future events.
Investors are cautioned against placing undue reliance on forward-looking statements.
Peter Born, P. Geo, an independent Qualified Person under National Instrument 43-101, has
reviewed and approved the technical disclosure in this presentation. Investors are
cautioned that mineralization on adjacent or nearby properties does not necessarily
indicate mineralization on the Mexican Silver Properties.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred
Resources
This presentation uses the terms “Measured”, “Indicated,” and “Inferred” Resources as
defined in accordance with NI 43-101. United States readers are advised that while Canadian
securities laws recognize the United States Securities and Exchange Commission does not
recognize them. Under United States standards, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve calculation is made.
and require such terms United States readers are cautioned not to assume that all or any
part of the mineral deposits in these categories will ever be converted into reserves. In
addition, “Inferred Resources” have a great amount of uncertainty regarding their existence
and economic and legal feasibility. Therefore, it cannot be assumed that all or any part of
an Inferred Resource will ever be upgraded to a higher category. United States readers are
also cautioned not to assume that all or any part of an Inferred Resource exists or is
economically or legally mineable.

Focused on core EV battery metals growth.
Flagship Peny Property boasts one of the largest
land packages in the Snow Lake Mining District
focused on lithium exploration.
Significant activity in the Snow Lake region with
neighbouring properties revealing promising lithium
exploration potential; opportunity for strategic
partnerships; CAD$50M+ raised in the area over the
past 36+ months.
New seasoned management team with a proven
track record in capital markets.
Tight capital structure and CAD$2.3M cash position as of
Mar 31, 2023.

• Lodestar is focused on becoming a leading lithium
exploration company in the Snow Lake Mining
District, Manitoba.
• The company will continue to expand and develop
its portfolio through project acquisitions and claim
expansions, focusing on the battery metals space.
• Lodestar seeks to add value to our current
properties through continued exploration work.

Lodestar’s new branding on display at Mines and Money, London, UK, November 2022
• Embarked on a new direction, shifted our focus
from Mexican Silver Exploration to North
American Battery Metals.
• Acquired flagship Peny Property in Snow Lake,
Manitoba, in July 2022.
• Preliminary fieldwork exploration programin
October 2022 in Snow Lake, Manitoba.
• Strengthened leadership teamto include
seasoned independent directors and
accomplished industry C-Suite management
and advisors.
• Substantiallyreduced operating costs.
• Acquired additional 7,859 hectares of mineral
claims adjacent to Peny Property,April 2023.
• Announced CAD$400k 2023 work program to
advance exploration at Peny Property, May 2023.
Read our H1 2023 update here.

The Peny Propertyis comprised of 47 mineral claims totalling 11,191hectaresin the
Snow Lake district in Manitoba, Canada.
• The Peny propertyencompasses rock belonging to the Paleoproterozoic Snow
Lake subdomain of the Flin Flon – Glennie Complex (FFGC) in the Trans-Hudson
Orogen and occurs along the folded southern margin of the Kisseynew domain.
The property comprises sedimentary,volcanic and hypabyssal rocks of the
Burtwood and Missi Groups, which occur adjacent to the Crowduck Bay Pluton
and associated felsic tonalites and mapped pegmatites.
• The Property is in close proximity to the recognized Crowduck Bay Fault and
Berry Creek Fault, which is spatially associated with pegmatite emplacement at
the Wekusko Lake pegmatite field where Snow Lake Lithium (NASDAQ: LITM) has a
defined indicated resources of 9.08 Mt@ 1.00% Li2O, further exploration work is
assessing the production of 160k tonnes per annum of 6% lithium ore
concentrate for 8-10 years.
SNOW LAKE
PENY PROPERTY

Peny Property offers high-potentialgrowth-
based market conditions and opportunities:
• Exploration demand and investment interest
in new Tier-1 jurisdictions such as Manitoba
since 90 percent of lithium mining occurs in
just three countries (Australia, Chile, China).
• Spodumene (a lithium-rich mineral)
represents the most abundant lithium ore
and has been identified in abundance
adjacent to the property.
• Spodumene lithium deposits advantage: The
speed at which lithium carbonate can be
produced (Scales,2011). Only five days are
needed between the time the ore is mined
and the final product is ready for shipment.
Conversely, brine evaporation processing
can take between 18 and 24 months.

Established
Mining District
Almost 100 years of
historic and
consistent mining in
the area
Excellent
Infrastructure
Near highway, grid
power, railway
PotentialforNew
Discoveries
Recent investments in
the district by several
mining companies
demonstrate high
confidence in the
potential for new
discoveries
Established
Operators
HudBay operates the
Lalor Mine and
concentrator in the
Snow Lake District
EV Supply
Strategically located to
supply North America’s
growing EV appetite

FavourableResource Proximity
Peny Property is located ~25 KMs NE of Snow Lake, MB.
Prospective for lithium pegmatite and volcanic
massive sulphide (“VMS”) style mineralization, which
is known to occur in the local area.
Well-EstablishedMiningInfrastructure
Reliable power supply, creating an advantageous
environment for the efficient extraction and
processing of lithium.
Regional HistoricalSuccess
The Peny Property is located adjacent to the former
producing Osborne Lake VMS Mine and Bur Property
Cu+Zn+Ag historical resource, where historical
workers report wall rock are intruded by coarse-
grained, spodumene-bearing, sheared pegmatite.
Notes:
• Mineral resource estimate from 43-101 technical report titled ”NI 43-101 Technical Report on
the Zoro Lithium Project, Snow Lake, Manitoba,” dated July 6th, 2018, authored by Fedikow et
al.
• Mineral Resources in @-K 1300 technical report titled “Technical Report Summary and
Resource Estimate, Thompson Brothers Lithium Project, Snow Lake Area, Herb Lake Mining
Division, Manitoba, Canada,” dated June 9th
, 2021, Prepared by Canmine Consultants
Mining companies in the Snow Lake Mining District

PreliminaryGeologicalResults
A total of over 200 pegmatites intersections have been
defined from 86 historic drill holes reviewed. Intersections
range in length from 30cm up to 50m and are typically
described as being comprised of quartz, feldspar, and mica
(muscovite).
PreliminaryRemote SensingResults
Preliminary results from remote sensing data acquisition,
processing, and analysis were received over the principal
project area. Through machine and deep learning, band
math is applied to the 10m resolution satellite and
hyperspectral satellite data.
This propriety analysis is designed to detect lithium-bearing
minerals such as spodumene and lepidolite using a
hyperspectral fingerprinting method and has highlighted
nineteen (19) new high-priority Lithium targets at the Peny
Property.
Aerial view of the Peny Property

• 19 primary targets were identified; a total of 33 target areas are identified
across the property, with a total of 286 individual spectral target picks
defined from the preliminary data. Several Base metals/Iron Oxide targets
have also been identified.
• Additional follow-up targeting ahead of fieldwork to include a qualitative
assessment of individual identified spectral picks further to refine individual
targets and focus field exploration activities.
• 6 of the targets have been preliminarily identified to have discrete high
spectral response attributes and can be evaluated in priority to determine
the nature of the anomalism and confirm potential pegmatite
emplacement.
• Based on the respective target sizes and estimates of field prospecting
effectiveness, we estimate an initial 19 days of boots-on-the-ground target
evaluation are estimated to review all the defined targets adequately.
Note
• Mineral resource estimate from 43-101 technical report title d ”NI 43-101 Technical Report on the Zoro Lithium Project, Snow
Lake, Manitoba,” dated July 6th, 2018, authored by Fedikow et al.
• Mineral Resources in @-K 1300 technical report titled “Technical Report Summary and Resource Estimate, Thompson
Brothers Lithium Project, Snow Lake Area, Herb Lake Mining Division, Manitoba, Canada,” date d June 9th
, 2021, Prepared by
Canmine Consultants
19 primary targets identified for upcoming work program

Lodestar Battery Metals has retained Axiom
Exploration to manage the Stage 1 Exploration
program on the Peny Property.
Complete project
management providing
qualified geologists, equipment,
and custom exploration
solutions. Reducing day-to-day
micromanagement for
executives.
Advancingexploration
projects to meet local
requirements, permits, and
technical reporting standards.
Provides accessto industry
specialistswith a full suite of
mineral exploration services,
specifically proprietary remote
sensing and geophysics
capabilities. This provides high-
value date for green-field
exploration.
Track recordand expertise
in developing early-stage
'greenfields' projects through
exploration development and
bringing projects to drill
readiness.

June 2023
• Completion of any
required permitting
• Potential granting of
access at The Hud Bay
• Exploration planning,
coordination and logistics.
August 2023
• Receipt of Lab results and
fertility analysis
• Triaxial magnetic survey and
data processing.
• Concurrent completion of
Lithostructural interpretation
• Field exploration planning and
target evaluation
September 2023
• Intensive field exploration
program, comprising 3
weeks of mapping and
sampling
• Sample submission to SGS
(4-5 week turnaround)
July 2023
• Receipt of any Permits
• Delivery of Remote Sensing
and preliminary targeting
for Mag surveying and
reconnaissance
• Reconnaissance field work,
core review and sampling
• Sample submission to SGS
(4-5 week turnaround)
QP Luke van der Meer reviewing pegmatite samples in 2022

June 30, 2023 - Snow Lake Lithium announced the initial findings of its metallurgical testwork program
conducted for the Grass River Lithium Project1. The first round of results from the recent winter drilling
campaign has been received and interpreted, revealing promising outcomes. Notable highlightsinclude
intersectingsignificantlithiummineralizationat variousdepths, such as 6.3 meters at 1.97%Li20 from
31.7 meters and 6.6 meters at 1.59% Li20 from 47.6meters.
June 19, 2023 - Hudbay Minerals Inc. and Rockcliff Metals Corp. announced a definitive agreement to
consolidate Rockcliff’s Snow Lake camp. Hudbay’s interest in the Snow Lake Mining District can be
considered a testament to the area's potential, and this agreement has the potential to open doors for
future strategic partnerships between major and junior mining companies.
June 6, 2023 - Foremost Lithium Resource & Technology Ltd. announced results from their maiden drilling
program at the Jena Lake property and confirmed continuity of the B1-B2 pegmatites and reported: 1.26%
Li2O over 3.35 meters, as well as numerous gold intersections, including 7.50 g/t Au over 7.66 metres.

Ticker TSX-V: LSTR
Share Price (July 7, 2023) CAD $0.04
52-WeekRange CAD $0.04-$0.24
Shares Outstanding 44,336,500
Options1 4,380,000
Warrants & RSUs2 13,894,000
FD Shares Outstanding 62,610,500
Marketing Capitalization (Basic) CAD $1.77M
Cash (March 31, 2023) CAD $2.3M
Debt (March 31, 2023) CAD $1.25M
1. 4,380,000 options outstandingwith aweightedaverage exercise price of CAD$0.13:
Company is in process of cancellingall options
2. 13,894,000 warrants outstandingwith aweightedaverage exercise price of $0.98
Source: Company reports and S&P Cap IQ for market data as of July 7, 2023
June 2022
Appointment of
Lowell Kamin, CEO, President & Chairman of the Board

$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
$450.0
Pre-Production,Canadian Pegmatites Identified Properties (July 7th, 2023)
C $412.0
C $191.6
C $139.1
C $55.2
C $27.2
C $15.6
C $1.8
C $120.4
Lodestar
Battery
Metals Corp.
Rockcliff
Metals
Corp.
Foremost
Lithium
Resource &
Technology Ltd.
Snow Lake
Resources Ltd.
Brunswick
Exploration Inc.
Rock Tech
Lithium Inc.
Frontier
Lithium Inc.
Snow Lake Mining
District, MB
Lynn Lake Mining
District, MB
Thunder Bay
Mining District, ON
Red Lake Mining
District, MB
Snow Lake Mining
District, MB
Snow Lake Mining
District, MB
Snow Lake Mining
District, MB
Market Cap (C $M) Average Market Cap (C $M)

Ticker Company
Market
Cap*
(C$M)
Cash**
(C$M)
Total
Debt**
(C$M)
Enterprise
Value*
(C$M)
Key Project Location Stage
Size
(Ha)
Metric Tonnes
(Million)
Indicated Li2O
TSXV: FL
Frontier
Lithium Inc.
412 30.2 0.2 382.0 SPARK Deposit
Red Lake
Mining District,
Ontario
Pre-Feasibility 27,068 18.0 1.50%
TSXV: RCK
Rock Tech
Lithium Inc.
191.6 30.2 1.0 162.4
Georgia Lake
Project
Thunder Bay
Mining District,
Ontario
TSXV: BRW
Brunswick
Exploration
Inc.
139.1 16.5 0.3 122.9 Lynn Lake***
Lynn Lake,
Manitoba
Discovery 27,163
135 outcropping, untested
pegmatites
NASDAQ:
LITM
Snow Lake
Resources
Ltd.
55.2 13.1 0 42.3
Thompson
Brothers
Project
Snow Lake
Mining District,
Manitoba
NASDAQ:
FMST
CSE: FAT
Foremost
Lithium
Resource &
Technology
Ltd.
27.2 2.3 1.3 26.2
Zoro Lithium
Project
Snow Lake
Mining District,
Manitoba
CSE: RCLF
Rockcliff
Metals
Corporation
15.6 1.3 0 14.3 Bur Property***
Snow Lake
Mining District,
Manitoba
Discovery 3,900
Undefined amount of
outcropping, untested
pegmatites
Average 120.4 13.7 0.6 107.07 14,710
TSXV: LSTR
Lodestar
Battery
Metals Corp.
1.8 2.3 1.25**** -0.6
Peny
Property***
Snow Lake
Mining District,
Manitoba
Discovery 11,191
19 outcropping, untested
pegmatites
* As of July 7, 2023. ** As of Last ReportedQuarter. *** No PublishedCompliant InferredReport
**** The deferredcash considerationpayments are in the form of noninterest promissory notesfrom SVE for the acquisition of Lodestar’s silver properties

Experienced management team with proven track record in junior exploration and finance.
Lowell Kamin
President, CEO &
Chairman of the Board
Lowell has over 25 years of Capital
Markets experience at Canadian and
Global Investment Banks in addition to
numerous senior leadership roles. He
advised and raised funds for a range of
Canadian & U.S. mining issuers from
exploration phase to production.
Killian Ruby
CFO & Director
Killian provides CFO and strategic
financial advisory services to a arrange
of public and private companies across
industries and sectors. Former audit
partner (Baker Tilly Canada) and senior
manager with KPMG Canada and KPMG
Ireland. Canada CPA, CA and an Irish
Chartered Accountant.
Luke van der Meer, P. Geo
Qualified Person
Luke has over 20 years of experience in
mineral exploration, mining, and civil
engineering. He graduated from the
University of Otago in New Zealand in 2001
and started his career in underground
mining with Barrick Gold in Western
Australia, perfecting technical best
practices in mineral exploration and
resource development.
Scott Margach
Executive Vice-President & Director
Scott is an experienced Analyst and
Portfolio Manager having managed both
Canadian and U.S. public equities for
more than 25 years including fixed-
income and digital assets. As a
consultant, he helped asset owners and
asset managers deal with the evolving
challenges related to ESG. Scott is a
Chartered Financial Analyst (CFA).
Charles Hethey
Advisor & Counsel
Charles is a securities lawyer in British
Columbia and New York with over ten
years of experience. He represents a
number of U.S. and Canadian listed
entities on the TSX Venture Exchange,
Canadian Securities Exchange and U.S.
OTC markets. His clients are active in a
broad range of industries with an
emphasis on mining issuers.
Gary Prihar
Director
Founder of VIVA Care Medical and Move
Health & Wellness. Gary is President at
Move Health & Wellness and a director
of Leveljump Healthcare Corp., Member
of the Chartered Professional
Accountants of BC, Member of the
Institute of Chartered Accountants of
BC and Advisor at Mandala Capital Inc.

Lowell Kamin
President, CEO & Chairman of the Board
Scott Margach
Executive Vice-President & Director
Alyssa Barry
Investor Relations
416.272.1241
investors@lodestarbatterymetals.ca
1680 - 355 Burrard Street
Vancouver, BC
V6C 2G8
lodestarbatterymetals.ca
TSX-V: LSTR
OTCQB: SVTNF
An Integrity Capital Group Inc. restructuring initiative
integritycapitalgrp.com

Lodestar Battery Metals offers exposure to both of these core
EV Metals.
Lithium
Lithium Ion batteries have ‘won the war’ for
EV use; these high-capacity, fast-to-charge
batteries are found in every EV in production
today and are at the heart of the EV
roadmap for the future.
Peny Property has the potential of
lithium hosted by Spodumene.
Silver
Silver will continue to play an increasing
role in the construction of electrical EV
components and their electrical
conductive properties.
Lithium, nickel and cobalt are all
expected to have the highest multiples
of demand growth, with the need for
silver remaining high for its conductive
and corrosion-resistant properties.

Amid a landscape of high prices
and an undersupplied market
environment, Chinese refineries
imported spodumene concentrates
below 1.5 percent lithium oxide (0.7
percent lithium) in order to supply
market needs.
Surging EV demand has seen
lithium prices skyrocket by around
550 percent in a year: by the
beginning of March 2022, the lithium
carbonate price had passed
$75,000 per metric ton.

• Lodestar entered into a best-efforts agreement with Red Cloud Securities to facilitate the sale of our two silver assets
in Mexico to streamline the sales process and attract potential buyers.
• Red Cloud is known for its extensive experience and connections in the mining and resource industry.
• Lodestar has diligently completed all necessaryfilings for the Peñasco Property, ensuring compliance with regulatory
obligations. We have successfullysubmitted all required documentation and tax payments to the Mexican
government.
• Mexico enacted comprehensive changes to its mining and water laws on May 8, 2023, reserving most new mineral
exploration activities to the Mexican state and imposing stricter regulations.
• Canadian miners with investments in Mexico are considering legal remedies, including constitutionalchallenges and
seeking recourse under the Comprehensive & Progressive Trans-Pacific Partnership (CPTPP)1.
• The CPTPP provides a mechanismfor investor-state arbitrations and covers a broad range of sectors,offering
protection against unfair treatment,discrimination, and expropriation.
1. New mininglaws in Mexico couldgive rise to challengesunder international investor treaties. McCarthy Tétrault. (n.d.). https://www.mccarthy.ca/en/insights/blogs/mining-prospects/new-mining-laws-mexico-could-give-
rise-challenges-under-international-investor-treaties

Lodestar Battery Metals’ initial
acquisition includes a 100% interestin
two significantsilverassets in Mexico:
Penasco Quemado(Sonora)
La Frazada (Nayarit)
Lodestar Battery Metals acquired these
assets from Silver One Resources Inc.
with over 10% Ownership.
Penasco Quemado (Sonora, Mexico)
Land Package: 3,746 ha
Oxide Mineralization Ag, (Cu)
6.2 Moz Inferred Ag*
Average grade of 168.6 grams per tonne (“g/t”) silver.
La Frazada (Nayarit, Mexico)
Land Package: 299 ha
Epithermal Vein Ag, Zn. Pb (Cu)
Historical M&I: 4.70 Moz Ag**
Historical Inferred: 3.86 Moz Ag**
*Please refer to slide 27 of this presentation for further information and cautionary notes regarding the Penasco Quemado Pro ject mineral resource estimate. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
There is no certainty that any mineral resource will be converted into a mineral reserve.
**Please refer to slide 25 of this presentation for further information and cautionary notes regarding the La Frazada Project historical mineral resource estimate.
Please refer to the news release dated May 8th,
2023, for further information and inputs into the Penasco Quemado Project mineral resource estimates.

Company
Market
Cap
Project Locations Metal Exploration Exploration stage Notes
Contained
Inferred Ag
(Million Oz)
Lodestar
Battery
Metals
TSXV: LSTR
$1.8M
Nayarit, Mexico
Sonora, Mexico
Lithium,
Silver
Preliminary exploration identifying
mineralization targets
Commenced Exploration
program and tight capital
structure.
6.2
Sierre Madre
TSXV: SM $60M
Nayarit, Mexico
Gold,
Silver
Advancing exploration on the Tepic and La
Tigra Properties to determine whether it
contains commercially exploitable deposits
of precious or base metals.
Diverse portfolio of gold
and silver assets.
3.1
Silver
Mountain
TSXV: AGMR
$28M Castrovirreyna, Peru Silver Preliminary exploration
Preparing exploration
program for flagship
Castrovirreyna Project
3.1
Silver Viper
Minerals
TSXV: VIPR
$23M
Sonora, Mexico Gold,
Silver
Preliminary exploration identifying
mineralization targets
Closing of $3.3MM private
placement in April 2023
12.9
Note: Comparison based on companies with controlling interest in Western Mexico silver projects. Market Cap Data as of June 30, 2023, CAD.

A Technical Report was prepared in accordance with National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects by Micon
International Ltd. Micon of Toronto, Canada. Entitled: NI 43-101 Technical Report for the 2023 Mineral Resource Estimate on the Peñasco Quemado Project,
Sonora, Mexico, authored by WJ. Lewis, P.Geo; C Sarkar, M.Sc, P.Geo; and R Calles-Montijo, CPG. Dated April 17, 2023, with an effective date of March 21, 2023.
Pitshell
Resource
Category
Zone Stripping Ratio Tonnage (Mt) Average Grade AG (g/t)
Metal Content
Ag (Million oz)
Inpit Inferred QP 2.25 1.1 168.6 6.2
Peñasco Quemado Project Mineral Resource Estimate
Pitshell
Silver Price
USD/oz
Cut-off Grade Ag
(g/t)
Stripping Ratio
Resource
Category
Tonnage (Mt)
Average Grade
AG (g/t)
Metal Content
Ag (Million oz)
Inpit
15 141 2.96
Inferred
0.6 217.6 4
20 106 2.35 0.9 189.2 5.2
25* 85 2.25 1.1 168.6 6.2
30 71 2.07 1.3 155.3 6.7
• 6.2 million ounces (“Moz”) silver classified as inferred (“inf”) at Peñasco Quemado with an average grade of 168.6 grams per tonne (“g/t”) silver.
• Conservative base-case estimate uses 85 g/t silver cut-off grade
• Relatively low strip ratio of 2.25:1 for Peñasco Quemado resource
• Future resource growth potential remains at Peñasco Quemado.
Table 1: Mineral Resource Estimate for the Peñasco Quemado Project at 85 g/t Ag Cut-off as of March 21, 2023.
Table 2: Silver Price-based Mineral Resource Sensitivity for the Peñasco Quemado Project. Source: Micon, 2023.
Highlights of the MRE include:
Please refer to slide 27 of this presentation for further information and cautionary notes regarding the Penasco Quemado Project mineral resource estimates. Mineral resources are not mineral reserves and do not have demonstrated economic
viability. There is no certainty that any mineral resource will be converted into a mineral reserve.
Please refer to the news release dated May 8th,
2023, for further information and inputs into the Penasco Quemado Project mineral resource estimates.

The Peñasco Quemado Project 2023 Mineral Resource Estimate (“2023 MRE”) has been prepared by W.J. Lewis, P.Geo., of Micon International (“Micon”), in co-operation with;
C., Sarkar, M.Sc, P.Geo (also of Micon), and R., Calles-Montijo, CPG (of Servicios Geológicos IMEx, S.C.); all of whom are Qualified Persons Independent of the company. The
report entitled: NI 43-101 Technical Report for the 2023 Mineral Resource Estimate on the Peñasco Quemado Project, Sonora, Mexico, dated April 17, 2023, with an effective
date of March 21, 2023. was prepared in conformance with the Canadian Institute of Mining, Mettalurgy, and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral
Reserves Best Practice” guidelines and are reported in accordance with the Canadian Securities Administrators National Instrument (“NI”) 43-101. Refer to the news release
dated May 8th, 2023, for more information on the 2023 MRE.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The QP believes that, at this time, the mineral resource estimate is not
materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues. However, as the Peñasco Quemado Project advances,
further required studies in these areas or other socio-political factors may affect the resource estimate.
As it relates to the 2023 MRE, the following should be noted:
• The mineral resources are reported based on open pit mining method scenarios.
• The pit was constrained based on bench slope of 30° for the overlying alluviumand 45° for the
remaining lithologies.
• The mineralized wireframes (PQ zone) within which the resources are contained were
modelled on a cut-off silver grade of 25 g/t.
• Grade capping was applied to reduce the influence of outlier samples, a cap of 460 g/t silver
was applied for PQ zone.
• The economic parameters used to define mineral resources are a metal price of USD25 per
troy ounce silver, a mining cost USD2/t, a processing cost of USD40/t and a G&A cost of USD5/t,
for a total of USD47/t mined and processed. The silver recovery was estimated at 69%.
• The resource is estimated for silver only, as manganese is not recoverable into a salable
product for Peñasco Quemado Project.
• The entire mineral resource has been categorized in the Inferred category.
• The mineral resource estimate has been prepared withoutreference to surface rights or the
potential presence of overlying infrastructure.
• Figures may not total due to rounding.
• The technical information contained in this presentation was been reviewed and approved by
Luke van der Meer, P. Geo., an independent consultant for the Company and an independent
Qualified Person as defined by National Instrument 43-101 Standards for Disclosure of Mineral
Projects. Mr. van der Meer is a registered Professional Geoscientist in British Columbia, Quebec,
and Newfoundland, Canada.
3D Perspective of the Peñasco Quemado Project Drill Hole Locations and the Two
Mineralized Envelopes

Historical 2008 Mineral Resources Estimate on the La Frazada Property(60 g/t SilverCut-Off) Based on data available as of October 2008
Resource Classification
Tonnes
(x 1,000)
Grade
Silver
(g/t)
Gold(g/t) Lead(%) Zinc (%) Cu (%)
Silver
(x 000 oz)
Gold
(oz)
Lead
(x 000 lb)
Zinc
(x 000 lb)
Cu
(x 000 lb)
Measured 304 259.8 0.197 0.876 2.36 0.095 2,537 1,900 5,866 15,782 635
Indicated 279 240.5 0.141 0.862 2.52 0.089 2,156 1,300 5,297 15,498 546
Total Measured+ Indicated 583 250.5 0.170 0.869 2.44 0.092 4,693 3,200 11,163 31,280 1,181
Inferred 534 224.9 0.178 0.923 2.62 0.089 3,859 3,100 10,860 30,769 1,046
• Lodestar Battery Metals states with equal prominence that it is not treating the historical estimate as current mineral resources or reserves. At this time, a qualified
person has not done sufficient work on behalf of Lodestar to classify the historical estimate as current mineral resources or reserves. Investors should not rely on the
historical estimate as a current mineral resource estimate until it has been verified and supported in a technical report in accordance with NI 43-101.
• The disclosure of this historical estimate has been reviewed by Luke van der Meer, a “Qualified Person” as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects.
Source and date of the historical estimate, including any
existing technical report
Information relatingto these historical estimates is summarizedfrom the followingtechnical reports:
Lewis, William, J., (2008, Amended 2009), Technical Report and Preliminary Mineral Resource Estimate for the La Frazada Silver property, El Zopilote Mining
District, Nayarit, Mexico,99 p. completed for Silvermex Resources Limited.
Relevance andreliability of the historical estimate
The Report was compiled in accordance with Canadian Institute of Mining (2005) standards and best practices for Mineral Resources, adhering to NI 43-
101. Silvermex established QAQC programs that were reviewed by the independent QP who accepted the data as suitable for mineral resource estimation
at that time.
Key assumptions, parameters, and methods used to
prepare the historical estimate
The La Frazada capped silver grade was interpolated using section-polygonal method into a block model constrained by mineralized domains.
Parameters usedinclude acut-off grade of 60 grams per tonne (g/t) silver.
Resource categories used
In accordance with NI 43-101 as defined in 2011, the La Frazada historical estimate used the terms inferred, indicated and measured mineral resource
havingthe same meanings ascribed to those terms by the CIM Definition Standards on Mineral Resources andMineral Reserves.
More recent estimates or dataavailable to the issuer There are no more recent estimates availableto the company on the LaFrazada project.
Work needed to be done to upgrade or verify the historical
estimate as current mineral resourcesor mineral reserves
An independent Qualified Person has not done sufficient work to review the historical data and historical estimate to determine what further work would
be required to write an updated current Technical Report in accordance with NI 43-101. It is envisaged that this will involve an update/refinement to the
geologic model andgrade interpolation methods.
• In accordance with Section 2.4 of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and despite section 2.2 an issuer may disclose
an historical estimate, using the original terminology, if the disclosure identifies the following:

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