Mr. Errol Farr reports

ENEREV5 METALS INC. ANNOUNCES CLOSING OF $130,000 FINAL TRANCHE NON-BROKERED PRIVATE PLACEMENT

Enerev5 Metals Inc. has closed the second and final tranche of its non-brokered private placement. The second tranche is composed of the sale of 13 million units at a price of one cent per unit for aggregate gross proceeds of $130,000. Each unit consisted of one common share of the company and one share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of five cents per warrant for a period of five years following the closing date of the offering. The first tranche of the offering was composed of the sale of 31.5 million units for aggregate gross proceeds of $315,000. The proceeds of the offering will be used for general corporate and working capital purposes and project review and acquisition costs.

Completion of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued and issuable will be subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. The company paid a commission to eligible finders in connection with the second tranche in the amount of $10,400 and 1.3 million non-transferable warrants to purchase units at a price of five cents per broker warrant. The broker units are subject to the same terms as the units sold under the offering.

Early warning report

In connection with the closing of the second tranche of the offering, Russell Fromm acquired an aggregate of 10.5 million shares in the capital of the company and 10.5 million warrants. Each warrant entitles the holder thereof to acquire one share on the terms as more specifically set out above. Prior to the acquisition, the acquiror beneficially owned or exercised control or direction over 27,184,000 shares and one million warrants, representing approximately 8.76 per cent and 9.05 per cent of the outstanding shares of the company on an undiluted and partially diluted basis, respectively. After completion of the acquisition, the acquiror beneficially owns or exercises control or direction over 37,684,000 shares and 11.5 million warrants, representing 11.65 per cent and 14.69 per cent of the outstanding shares of the company on an undiluted and partially diluted basis, respectively.

In satisfaction of the requirements of National Instrument 62-104 (Take-Over Bids and Issuer Bids) and National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), an early warning report respecting the acquisition of securities by the acquiror will be filed under the company's SEDAR+ profile following the closing. To obtain a copy of the early warning report filed by the company, please contact Errol Farr, telephone 647-296-1270, or refer to SEDAR+ under the company's issuer profile.

The acquisition was completed for investment purposes. Depending on market and other conditions, the acquiror may from time to time in the future increase or decrease the ownership, control or direction over securities of the company, through market transactions, private agreements or otherwise.

About Enerev5 Metals Inc.

Enerev5 is a Canadian exploration company focused on the identification and development of critical battery metal projects in stable, mining-friendly jurisdictions. The company's strategy is to build a portfolio of early-stage assets that have the potential to supply ethically sourced metals essential to the global transition to clean energy. Enerev5 is currently advancing lithium exploration in northeastern Nevada and continues to evaluate additional opportunities in high-potential jurisdictions to support its long-term growth objectives.

We seek Safe Harbor.