New Energy Metals Announces Director Resignation and Technical Advisor Appointment

New Energy Metals Announces Director Resignation and Technical Advisor Appointment

New Energy Metals Announces Director Resignation and Technical Advisor Appointment

Vancouver, British Columbia – April 3, 2023 – New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NEMCF) (“New Energy Metals” or the “Company“) is pleased to announce the appointment of Edward Nunn as technical advisor to the Company.

Mr. Nunn has been involved in the mining industry for 50 years primarily working in project engineering and management for mine operating companies. Twenty of these years were in the coal and industrial mineral industries for: Centrermount Coal, Kaiser Resources, An Tai Bao Surface Coal Mine (China), Greymouth Coal (New Zealand), and Crystal Graphite Corporation (Canada & China). His metal mining experience included Cominco (four operations), Lornex Mining Corp., Echo Bay Mines, and Granduc Operating Company. His experience includes exploration, geological engineering, civil/structural engineering, mine engineering, contract management, financial analyses, governmental affairs, and project/construction management in both open pit and underground mining environments. Mr. Nunn holds a Bachelor’s degree in Engineering from Queen’s University.

Mr. Kwatra, CEO, commented, “We are very pleased to welcome Edward to the New Energy team. His extensive exploration, project development and mining experience will be of considerable benefit to the Company as we advance exploration on our projects and continue to seek acquisition of projects in the battery metals space. We look forward to working with Edward as he provides guidance on the Company’s growth, overall strategy and execution.”

Mr. Nunn stated, “I am very excited to join the New Energy Metals team and look forward to supporting them in their next stages of strategic growth.”

New Energy has granted Mr. Nunn 100,000 stock options to purchase common shares in the capital of the Company, exercisable at a price of $0.30 per share for a period of five (5) years from the date of grant.

The Company also announces that Daniel Schieber resigned as a director of the Company. The Company thanks Mr. Schieber for his services as a director and wishes him all the best in his future endeavors.

On Behalf of the Board,
Rishi Kwatra, CEO & Director
610 – 700 West Pender Street
Vancouver, BC V6C 1G8 Canada
Tel: 778.510.5757

About New Energy Metals Corp.

New Energy Metals is listed on the TSX Venture Exchange under the symbol ENRG and is a Canadian-based resource company. The Company has an option to purchase a 100% title and interest in the Roslyn Lithium property, covering 5,100 hectares located 20 km southeast of the Georgia Lake Pegmatite Field and 35 km southeast of where Rock Tech Lithium just published a PEA supporting the indicated mineral resource of 10.6 Mt (million tonnes) grading 0.88% Li2O and an inferred mineral resource of 4.2 Mt grading 1.0% Li2O. The Company also has an option to purchase a 100% title and interest in the Troitsa property covering approximately 7,000 hectares located in the Omineca Mining Division of British Columbia.

Neither the TSX Venture Exchange nor its Regulation Service provided (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the state of financial markets, risks related to regulatory approval, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; the Company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financings; risks inherent in mineral exploration; future prices of metals; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; and limitations on insurance coverage. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.