Mr. Danny Keating reports

GIYANI ANNOUNCES THE INSTALLATION OF CRYSTALLIZATION UNIT AND CORPORATE UPDATE

Giyani Metals Corp. has provided an update on the installation of the crystallization unit at its demonstration plant facility in Johannesburg and other activities.

Highlights:

• Crystallization unit installed at the demo plant facility;
• Comments received from Botswana's Department of Environmental Affairs (DEA) on the K.Hill environmental impact statement (EIS) submitted in March, 2023;
• Updated mineral resource estimate (MRE) for K.Hill being finalized.

Installation of crystallization unit

Following the completion of the civil works at the demo plant facility, the crystallization unit, which stands 15 metres tall, has been installed. The unit comprises two crystallizers and an evaporator, which, once commissioned, will be capable of producing up to 600 kilograms of dry high-purity manganese sulphate monohydrate (HPMSM) crystals per day.

The crystallization unit serves as a core component of the demo plant, which has been established to validate the process flow sheet, mitigate risks associated with the scaling up of the commercial plant at K.Hill and facilitate off-take contracts. The design emulates the continuous process of the proposed full-scale K.Hill commercial plant, enabling the steady-state production of HPMSM crystals that meet the rigorous product specifications set by potential off-takers.

EIS update

Following the submission of the EIS on March 31, 2023, Giyani's wholly owned subsidiary, Menzi Battery Metals Pty. Ltd., has received formal comments from the DEA as part of the environmental impact assessment process. The company has reviewed the comments and will submit responses in the coming days.

Under legislation, the DEA will have 14 working days to provide any further comments, and once all comments are addressed to the satisfaction of the DEA, the EIS will be made available for public disclosure. The EIA process will culminate in the issue of an environmental authorization by the DEA, which will enable the company to apply for a mining licence for K.Hill from the Botswana Department of Mines.

K.Hill MRE update

The company has engaged CSA Global to prepare an updated K.Hill MRE. The MRE will include data from all 187 reverse circulation and diamond drill holes from all drilling campaigns conducted over the project since 2018, totalling 10,710 m. The 2022 infill drilling campaign included 40 stepout holes along strike into a previously untested section to the south and confirmed the presence of further mineralization and the potential to add tonnage to the existing resource. The company intends to undertake an independent peer review of the results of the MRE before finalization.

Danny Keating, president and chief executive officer of the company, commented: "The size and scale of the crystallization unit sets Giyani's demo plant apart from similar facilities being developed in the high-purity manganese space. Its successful installation is a testament to the efforts of our team and our contractors, and brings us another step closer to the production of HPMSM at scale for qualification by off-takers.

"In addition, the response of the DEA to our EIS submission means that we are able to advance the permitting process of K.Hill in conjunction with the demo plant. We look forward to continuing our positive relationship with the government of Botswana as we develop the project. With the updated K.Hill MRE being finalized, the company is looking forward to a busy second half of 2023."

About Giyani Metals Corp.

Giyani's mission is to become a sustainable, low-carbon producer of battery materials for the electric vehicle (EV) industry. The company has developed a hydrometallurgical process to produce high-purity manganese sulphate monohydrate, a lithium-ion-battery cathode precursor material critical for EVs, directly from ore from its manganese oxide deposits in Botswana, wholly owned by its Botswana subsidiary Menzi Battery Metals. The company's assets include K.Hill and the Otse and Lobatse manganese prospects, each of which has seen historical mining activities.

Qualified person/National Instrument 43-101 disclosures

Jacques du Toit, CEng, PrEng, MscEng, PMP, is a qualified person, as defined by National Instrument 43-101. Mr. du Toit is the company's vice-president, technical services, and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.

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