Mr. Brian Savage reports

ELECTRIC METALS (USA) LIMITED ANNOUNCES APPOINTMENT OF BRIAN SAVAGE AS DIRECTOR

Electric Metals (USA) Ltd. has appointed Brian Savage to the board of directors in addition to his position of president and chief executive officer. Mr. Savage will stand for election by the shareholders of the company at the next annual general meeting.

As announced on Feb. 1, 2024, the main goal for Mr. Savage is to further the evaluation and advancement of the Emily manganese project in central Minnesota and to transition the project from a resource to an operating mine and high-purity manganese processing plant. Mr. Savage is eminently suited to this role. An American citizen and resident of Colorado, he holds an MSc in mineral economics and a BSc in mining engineering from the Colorado School of Mines.

Mr. Savage has a long history of identifying, building, transforming and growing businesses in the mining and metals industry. His most recent project has been the formation of a joint venture to restart operations at the historic high-grade Kisenge manganese mine facility in the Democratic Republic of the Congo (DRC) with the intention of producing high-purity manganese sulphate monohydrate (HPMSM) for the electric vehicle and energy storage sector.

His recent experience in the DRC has allowed him to develop a profound understanding of the manganese markets, including the production of high-value, high-purity manganese products for the electric vehicle and energy storage markets.

Mr. Savage has a wealth of experience in exploration, development, production and project financing. He has spent years developing mining projects in various countries, including Kazakhstan, Russia, Ukraine, Guinea and the Congo, as well as a number of operations in the United States. He has worked with a large range of stakeholders, including property owners, local communities, governmental and international entities and shareholders.

Mr. Savage stated: "As the newly appointed CEO of Electric Metals, I am honoured to be appointed to the board of directors. As I stated before, Emily is the highest-grade manganese deposit in North America and presents a compelling opportunity to produce high-value, high-purity manganese products. It aligns perfectly with market demands, addresses critical gaps in the U.S. markets and will propel Electric Metals toward a future of sustainable growth." The board of Electric Metals is confident that Mr. Savage has the right experience to advance the Emily manganese deposit from a geologic, technical, economic and environmental viewpoint, while maintaining a stewardship that is in the best interest of all stakeholders. During the last year the company has expended great effort in exploration drilling with the aim to further quantify the Emily deposit. In the near future the company expects to be able to announce an updated mineral resource and the results of the continuing metallurgical laboratory research testing of the ability of Electrical Metals to produce battery-grade high-purity HPMSM and other high-grade manganese products from the Emily manganese project ore.

About Electric Metals (USA) Ltd.

Electric Metals is a United States-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.

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