Mr. Jeremy Poirier reports

EUROPEAN ENERGY METALS CLOSES THE ACQUISITION OF ADDITIONAL PROPERTIES IN FINLAND

European Energy Metals Corp. has received regulatory approval for and thus completed its previously announced acquisition of seven mineral reservations located in northern and central Finland.

Pursuant to the Transaction, the Company has acquired all of the shares of BB Gold Inc., a company existing under the laws of Newfoundland and Labrador and its wholly owned Finnish subsidiary Sisu Exploration Oy, the direct owner of the Concessions, from a private individual (the "Vendor") in exchange for the issuance of 1,250,000 common shares (the "Consideration Shares"). The Consideration Shares are subject to the following contractual resale restrictions:

The Vendor has also been granted a 1% net smelter royal on six of the seven Concessions.

About the Properties

Through this agreement the company acquires a 100% interest in 7 Mineral Reservations covering approximately 3,106.5 km2 as outlined in the Table and Map at the end of the press release and described more fully below.

Kontti and Kontti 2 ReservationsThese reservations are underlain by a series of approximately 1.8 billion year old granitoids, including S-type "microcline" granites intruding migmatites and metasedimentary rocks of the Central Lapland Granitoid Complex and hosting numerous pegmatite occurrences. These reservations are considered prospective for battery and rare metals (Lithium, Cesium and Tantalum), and rare earth elements (Ytrium, Niobium and Fluorine) among others.

Haara ReservationThis reservation in the northern part of the Central Lapland Greenstone Belt (CLGB) is also underlain by a series of approximately 1.8 billion year old granitoids, including 2 mica granites intruding meta-sedimentary and meta-volcanic rocks and pegmatites. This reservation is considered prospective for battery and rare metals (Lithium, Cesium and Tantalum), and rare earth elements (Ytrium, Niobium and Fluorine) among others.

Mairivaara and Nousu ReservationsThese reservations are underlain by mafic and ultramafic volcanic rocks and sedimentary rocks of the Central Lapland Greenstone Belt (CLGB) and are considered prospective for precious and base metals.

AngelvaaraThis reservation is underlain primarily by mafic and ultramafic igneous rocks in the Eastern portion of the CLGB and is considered prospective for base (N-Cu-Co) and precious metals.

KiilaThis reservation is underlain primarily by meta-sedimentary rocks of the Pohjaanma Schist Belt which hosts the Kaustinen Li-Pegmatite cluster of deposits, currently under development and lies within 25 km of Keliber Oys Battery Metal Processing Plant in Kokkola, Finland. This reservation is contiguous with the Lappajarvi Reservation which is the subject of an agreement between the company and Capella Minerals Limited (See press release dated March 20, 2023). This reservation is considered prospective for battery and rare metals (Lithium, Cesium and Tantalum), and rare earth elements (Ytrium, Niobium and Fluorine) among others.

Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9006/179443_384a85deb4437b16_001full.jpg

R. Tim Henneberry, P.Geo. (BC), a Director of European Energy Metals Corp., is the Qualified Person who has reviewed and approved the technical content disclosed in this release.

About European Energy Metals Corp.

European Energy Metals Corp. is a junior mining company currently focussed 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 concessions are located within 11 miles of the Keliber mine under construction which is expected to begin production in H2 of 2025.

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