Mr. Gary Lewis reports

ELECTRIC METALS ANNOUNCES COMMENCEMENT OF NEW METALLURGICAL TEST-WORK PROGRAM AND TECHNICAL ADVISORY BOARD APPOINTMENT

Electric Metals (USA) Ltd. has appointed leading metallurgical laboratory, Kemetco Research Inc., Richmond, B.C., Canada, to undertake new metallurgical test work on composites of selected drill core samples from recently completed drilling of high-grade manganese at the Emily manganese project. Kemetco is familiar with the high-grade manganese project at Emily, having performed a series of tests in 2013 to 2014 on samples from the deposit, and has since been involved in flow sheet development test work on other manganese projects, which are aimed at producing feedstocks for the burgeoning EV (electric vehicle) battery industry.

Core samples from the recently completed drilling campaign have been selected by Electric Metals' chief technical officer and chair of the technical advisory board (TAB), Dr. Ian Pringle, in consultation with his technical team, to make up two composites for the initial test work. These composites represent the higher grade (34 per cent manganese, 21 per cent iron and 6 per cent silicon dioxide) and lower grade (16 per cent manganese, 21 per cent iron and 39 per cent silicon dioxide) zones of the resource. A total of 202 kilograms (445 pounds) of samples have been delivered to Kemetco. These samples will initially be tested using common beneficiation techniques, including gravity concentration, magnetic separation and flotation, to determine if the manganese grade can be increased while rejecting some of the iron and silica. Samples will also be subjected to reductive acid leaching, purification and crystallization to determine amenability to hydrometallurgical treatment to produce saleable products for the battery industry. The test program will be performed interactively with the Electric Metals technical team, and it is expected to take approximately 14 weeks to complete.

Gary Lewis, group chief financial officer of Electric Metals, commented: "We are pleased to have Kemetco reconnect with the Emily manganese project to build on their previous test work, which resulted in the production of electrolytic manganese metal and electrolytic manganese dioxide. Kemetco have already accumulated a body of knowledge on the Emily manganese project and has extensive experience in dealing specifically with manganese-based ores.

"As our maiden drill campaign at Emily has now finished, we will be expanding the scope of our programs to encompass more studies that will further derisk the project and allow us to assess processing options and development scenarios."

The company has appointed Timothy Arnold to the Electric Metals technical advisory board with immediate effect.

Timothy Arnold, PE, BSc (mining engineering), is a U.S.-based mining engineer with over 40 years of experience developing and operating open-pit and underground mines across a variety of commodities. Mr. Arnold is skilled in directing mine work, including PEAs (preliminary economic assessments) and feasibility studies, permitting and mine design, project optimization, infrastructure, and all levels of operations -- from contract miner to chief operating officer (COO). He is currently COO at Integra Resources Corp. and previously held senior executive positions for Pershing Gold Corp., Nevada Copper Corp., General Moly Inc., Coeur d'Alene Mines Corp. and Hecla Mining Company.

Mr. Arnold joins a distinguished group of leading technical experts on the Electric Metals TAB (please refer to the Electric Metals press release dated July 6, 2023, for information on the formation and composition of the Electric Metals TAB), which will assist the company in its quest to become a leading North American producer of high-purity manganese products to supply U.S. energy and technology markets -- in particular, the rapidly expanding lithium-ion battery market.

"We are thrilled to welcome Tim to our technical advisory board," said Mr. Lewis. "Tim brings over 40 years of mining and operations experience that will be invaluable to EML as we move into mine planning at Emily. Tim's experience and specialist skill set will complement the other TAB members and allow EML to benefit from a diversity of thinking and expertise unique to a company of our size and stage of development. Our ability to attract such a quality assemblage of technical advisers speaks volumes for the excellence of the Emily project and the opportunity it presents to become a leading U.S. supplier of high-value manganese products."

About Electric Metals (USA) Ltd.

Electric Metals is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The company's principal asset is the Emily manganese project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 technical report -- resource estimate, with over $26-million (U.S.) invested to date. The company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations and with no current domestic supply or active mines for manganese in North America, the development of the Emily manganese project represents a significant opportunity for America, the state of Minnesota and for the company's shareholders. In addition, the company owns and operates the Corcoran silver-gold project and the Belmont silver project in Nevada, with the former also having been the subject of an NI 43-101 technical report -- resource estimate.

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