Mr. Jeremy Poirier reports

EUROPEAN ENERGY METALS TO CONDUCT GOLD EXPLORATION ON NORTHERN FINLAND LICENCES

Beginning in May, European Energy Metals Corp. will begin conducting gold exploration on its northern Finland portfolio of projects. The company currently holds five individual mineral reservations covering approximately 300,000 hectares (3,000 square kilometres) primarily in the Central Lapland greenstone belt (CLGB) in northern Finland. The company also continues to advance its lithium exploration targets on the Nabba and Nabba 2 exploration licences recently granted (see press release dated Feb. 14, 2024).

The Paleo-Proterozoic greenstone terrane of northern Finland comprises multiple greenstone belts, including the CLGB, which hosts world-class gold (for example: the Kittila deposit owned by Agnico Eagle and the Ikkari deposit owned by Rupert Resources) and base metal deposits (for example: Kevitsa owned by Boliden and Sakatti owned by Anglo-American). The belt's potential is also suggested by the presence of several major mining companies in the belt. The belt has very recently garnered significant interest following an offer from Rupert Resources to buy B2Gold's 70-per-cent interest in a joint venture between B2Gold and Aurion Resources, which lies adjacent to Rupert's Ikkari deposit, for $102-million. The joint venture ground is strategic to Rupert's proposed development of the Ikkari deposit but is also host to numerous gold prospects along a structural corridor that extends greater than 125 kilometres.

The company's projects occur in an underexplored part of the CLGB but are underlain by favourable host rocks of the CLGB; and numerous throughgoing faults, domain boundaries and unconformities, considered favourable sites for gold mineralization. Ikkari occurs adjacent to a domain boundary. Preliminary reconnaissance prospecting has identified gold and/or copper occurrences locally on the company's licences.

Jeremy Poirier, the company's chief executive officer, commented: "We are super excited to initiate gold exploration field programs on our northern Finland project portfolio. The recent surge of interest in the belt, highlighted by Rupert Resources offer to acquire B2Gold's 70-per-cent interest in a joint venture between B2Gold and Aurion adjacent to its Ikkari gold project, suggests there is significant potential within our northern Finland project portfolio. We believe our exploration teams can unlock the project's potential under the guidance of our VP [vice-president], exploration, Mike Basha, who has worked extensively in the CLGB as the founder and former CEO and president of Aurion Resources."

The company will be attending the Capital Event Management conference in Scottsdale this weekend April 19, to April, 21, 2024. The details are included as follows.

Dates:  April 19, 2024, to April 21, 2024

Location:  JW Marriott, Scottsdale, Ariz

Details:  The conference introduced growth-stage companies to active high-net-worth investors, brokers and institutions through a day of one-on-one meetings and networking activities.

Website:  on the Capital Event Management website

About European Energy Metals Corp.

European Energy Metals is a junior mining company primarily focused on the lithium-cesium-tantalum (LCT) 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 (rare earth elements) and, specifically, lithium. The company's concessions are located within 15 kilometres of the Keliber mine and production complex, currently under construction and expected to begin production in the second half of 2025. The company cautions the presence of lithium mineralization on Keliber's properties is not necessarily indicative of similar mineralization on the company's mineral reservations.

An estimated 600-million-euro investment by Keliber's parent company Sibanye-Stillwater Ltd. in partnership with the Finnish Minerals Group is under way in the Kautinen region and will see the development of open-pit and underground mining from several deposits as well as construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: Sibanye-Stillwater's website).

The Finnish pegmatite project covers approximately 2,500 square kilometres within geological terrane that hosts numerous LCT spodumene pegmatite prospects and deposits. The company's exploration licences are situated less than 10 kilometres from Keliber's spodumene concentrator plant. The 2023 inaugural exploration season saw the discovery of multiple occurrences of lithium-bearing spodumene pegmatite mineralization. The highlight was the discovery of the Kyrola prospect, a 350-metre-long-by-110-metre-wide spodumene-bearing boulder field, where 49 rock-chip grab samples assayed from 3.84 per cent Li2O (lithium oxide) to 0.003 per cent Li2O, with 15 of the 49 samples returning grades in excess of 0.50 per cent Li2O. The extent of the boulder field is constrained only by low-lying overburden covered areas and farm fields. The mean assay of these samples was 0.53 per cent Li2O. Fifteen samples assayed greater than 0.50 per cent Li2O, 11 assayed greater than 1.00 per cent Li2O, four assayed greater than 2.00 per cent Li2O and one assayed greater than 3.00 per cent Li2O. It is interpreted, based on glacial history of the area that the boulders have only been transported 300 metres to 500 metres from source.

Quality assurance/quality control statement

Mike Basha, PEng, PGeo (Newfoundland), vice-president, exploration, of European Energy Metals, a qualified person as defined by National Instrument 43-101, has prepared this press release.

Samples were submitted to ALS in Sodankyla, Finland. ALS inserted internal standards, blanks and pulp duplicates within each sample batch as part of its own internal monitoring of quality control protocols. European Energy Metals monitors precision and bias performance by inserting certified lithium standards (OREAS 750 and OREAS 753) as well as blanks into each batch submitted to ALS at a rate of 1:25.

The major element oxides and trace elements including lithium, cesium, tantalum and beryllium were analyzed by ALS analytical package ME-MS89L plus B-MS89L involving digestion by Na2O2 (sodium peroxide) fusion followed by ALS's supertrace ICP-MS methodology. QA/QC results to date do not indicate any analytical accuracy issues, with all standards returning values lithium values within three standard deviations of their certified mean and blanks returning expected values.

We seek Safe Harbor.