Mr. Martin Kepman reports

MANGANESE X SIGNS MOU WITH US BATTERY TECHNOLOGY LEADER C4V

Manganese X Energy Corp. has signed a memorandum of understanding with U.S. battery technology leader C4V, leading to a potential offtake deal from the company's Battery Hill high-purity manganese project in Woodstock, N.B., Canada.

The non-binding agreement is based on the potential supply of electric vehicle compliant high-purity manganese sulphate monohydrate (HPMSM), a sample of which is currently being prequalified by C4V for its Gigafactory joint ventures. The sample was produced as part of the Manganese X's pilot plant project, using its patent-pending groundbreaking manganese purification technology to process Battery Hill manganese carbonate into EV compliant high-purity manganese sulphate monohydrate as a precursor to the cathode.

Manganese X chief executive officer Martin Kepman commented: "This is a significant step in Manganese X's mission to become a sustainable and reliable North American supplier of HPMSM and could even potentially lead to being a worldwide supplier, thanks to C4V, which also represents additional Gigafactories around the world. Through this MOU, we can ensure our HPMSM meets C4V specifications with the goal of progressing towards a binding offtake deal for our Battery Hill manganese."

Mr. Kepman continued: "Our timing is excellent as EV car manufacturers ramp up their efforts to secure long-term supplies of high-purity manganese. Manganese is consistently in the news as a battery chemistry of choice. Not only is it less expensive to process, manganese provides the EV battery with greater energy density and rechargeability, as well as a longer life cycle."

C4V is a U.S. battery technology company and a global leader in renewable battery technology, as well as involved in some of the world's largest Gigafactory developments, including Recharge Industries' Gigafactory in Geelong, Australia, and iM3NY's Gigafactory in the United States.

Shailesh Upreti, C4V chief executive officer, remarked: "We are very excited to be part of a journey paving a robust path for domestic manufacturing and a sustainable North American supply chain. Our collaboration with Manganese X Energy is a testament to C4V's aggressive and comprehensive supply chain program to identify cutting-edge technologies and resource partners to achieve our net-zero emission goals in a timely manner. We strongly believe manganese is a metal that has a significant role in this journey."

About Manganese X Energy Corp.

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

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