Mr. Jeremy Poirier reports

EUROPEAN ENERGY METALS ANNOUNCES HISTORIC RESULTS AND PROVIDES EXPLORATION UPDATE

European Energy Metals Corp. will commence exploration planning within the next 30 days for the lithium-cesium-tantalum (LCT) and rare earth element (REE) Nabba exploration concession in central Finland, one of the five exploration concessions forming the Finnish pegmatite project currently under option by the company. European Energy's technical team continues to methodically review the Finnish Geological Survey (GTK) regional databases to compile data relevant to the exploration concessions. Aside from the regional mapping bedrock geology, the GTK maintains regional till and basal (or base of till) geochemistry databases and outcrop geology databases. An assessment of the exploration data has allowed the GTK to define a series of permissive tracts for LCT pegmatites, including the Kaustinen tract and the Jarvi-Pohjanmaa tract. The company expects further updates in the coming weeks.

"Our technical review of the Finnish Geological Survey historical exploration data for the Nabba exploration concession has generated an excellent high-priority exploration target," stated European Energy Metals chief executive officer Jeremy Poirier. "We are currently arranging for geological crews and confirming logistics to commence on ground in country exploration in June as we work toward developing our Finland pegmatite project portfolio into one of Europe's major sources of lithium and REEs, critical metals to the green future," he continued.

The Nabba exploration concession lies adjacent to the exploration concessions and mining permits of Keliber Oy within the Kaustinen tract. Much of this tract is covered by glacial till where GTK completed detailed base of till sampling between 2003 and 2023, primarily at a 100-metre sample spacing along 1,000-metre spaced lines oriented perpendicular to the suspected ice flow directions. Over 23,000 base of till samples were taken over key section of the Kaustinen tract.

The base of till sample lines are oriented northeast, perpendicular to the suspected southeast down-ice direction. A subset of 3,409 samples were taken over and proximal to the east of Nabba with lithium analyses for 2,063 of them. A total of 28 of the samples returned values in excess of 100 parts per million lithium, with a highlight of 200 ppm lithium. These largely appear as a cluster in the northeast section of Nabba, both within the reservation boundary and outside the boundary, suggesting the up-ice source may well lie within the Nabba reservation. This high-priority target will be one of the key areas of focus for the company's coming Finland pegmatite project 2023 field program.

The data disclosed in this news release are related to historical base of till sampling results. European Energy has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work in order to verify the results. European Energy considers these historical base of till results relevant as the company is using these data as a guide to plan exploration programs.

R. Tim Henneberry, PGeo (British Columbia), a director of European Energy Metals, is the qualified person who has reviewed and approved the technical content disclosed in this release.

About the Finland pegmatite project

The Finland pegmatite project consists of four exploration concessions in central Finland and one exploration concession in southern Finland. These reservations cover a total area of 2,300 square kilometres and are focused on lithium-cesium-tantalum or LCT pegmatite complexes located within the Jarvi-Pohjanmaa and Seinajoki lithium-permissive tracts as defined by the Geological Survey of Finland (GTK). Four of the reservations (Nabba, Lappajarvi W, Lappajarvi E and Kaatiala) lie immediately adjacent to, and to the south of, Keliber Oy's spodumene mine development project in the Kaustinen district.

Keliber Oy is a consortium, comprising Sibanye-Stillwater (79 per cent), Finnish Minerals Group (20 per cent) and Finnish shareholders (1 per cent). A definitive feasibility study by Hatch dated June 14, 2018, states a JORC Code 2012 compliant measured and indicated mineral resource of 9.47 million tonnes at a grade of 1.16 per cent Li2O (lithium oxide).

European Energy Metals cautions investors the presence of lithium mineralization at Keliber Oy is not necessarily indicative of similar mineralization at the Nabba concession.

Under the terms of an earn-in agreement with Capella Minerals Ltd., European Energy may earn an 80-per-cent interest in the Finland pegmatite project by issuing 1.75 million shares, paying $500,000 and incurring $2.5-million in exploration expenditures staged over a four-year earn-in period.

About European Energy Metals Corp.

European Energy Metals is a junior mining company currently focused on the lithium-cesium-tantalum Finnish pegmatite project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and specifically lithium. The company is also focusing on its Champ copper project located in southeast British Columbia.

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