Mr. Martin Kepman reports

MANGANESE X ENERGY CORP. ANNOUNCES CLOSING OF FLOW-THROUGH PRIVATE PLACEMENT FINANCING

Manganese X Energy Corp. has closed a non-brokered private placement financing, issuing an aggregate of 8.23 million flow-through common shares of the company at a price of 11 cents per FT share, thereby raising total gross proceeds of $905,300.

Each FT share constitutes a flow-through share within the meaning of the Income Tax Act (Canada) and the proceeds will be used by the company for exploration and related programs, which qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures, as such terms are defined in the tax act, in respect of Manganese X's Battery Hill project in New Brunswick.

In connection with the private placement, the company paid cash commissions totalling $63,371 and issued a total of 576,099 finder warrants to certain finders, namely GloRes Securities Inc., as lead finder, and Marquest Asset Management Inc. Each finder warrant entitles the holder to purchase one common share in the capital of the company at a price of 15 cents until Dec. 22, 2025.

All securities issued pursuant to the private placement are subject to a statutory four-month hold period expiring April 23, 2024. The private placement remains subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange.

About Manganese X Energy Corp.

Manganese X's mission is to advance its Battery Hill project into production, with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries. The company is also striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost. The company's strategic mission includes that of being the first public actively traded manganese company in Canada and the United States to commercialize EV high-purity manganese as well as potentially becoming a North American supply chain supplier.

We seek Safe Harbor.