Mr. Jim Gallagher reports

CLEAN AIR METALS GRANTS STOCK OPTIONS

Clean Air Metals Inc. has granted an aggregate of 4.6 million incentive stock options to certain directors, officers and employees of the company, subject to regulatory approval. The stock options are exercisable at six cents for a period of five years from the grant date and subject to vesting terms.

Indigenous community social and economic engagement

Clean Air Metals and its wholly owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North critical minerals project is located within the area encompassed by the Robinson-Superior Treaty of 1850, and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Metis Nation of Ontario, Region 2, and the Red Sky Metis Independent Nation to the rich history of the company's area.

The company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, travelled and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with first nations, Metis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.

About Clean Air Metals Inc.

Clean Air Metals is an emerging platinum group metals, copper and nickel exploration and development company whose flagship asset is the 100-per-cent-owned Thunder Bay North critical minerals project, a platinum, palladium, copper, nickel project located near Thunder Bay, Ont., and the Lac des Iles mine owned by Impala Platinum. The Thunder Bay North project hosts the Current and Escape deposits, twin magma conduits which form the basis for the new mineral resource estimate reported on May 4, 2023. Chief executive officer Jim Gallagher leads an experienced technical team that is using an orthomagmatic mineral deposit model to guide continuing exploration and development studies for potential mine development on the Thunder Bay North project and possible acquisition and further exploration of similar assets throughout Northwestern Ontario. Mr. Gallagher was formerly CEO of North American Palladium which operated the Lac des Ilse palladium mine just north of the Thunder Bay North project. After a significant operational and financial turnaround, the company was sold to Impala Platinum of South Africa for approximately $1-billion.