Mr. Martin Kepman reports

MANGANESE X ADVOCATES CANADIAN GOVERNMENT TO PRIORITIZE MANGANESE ON CRITICAL MINERAL LIST

Manganese X Energy Corp. is rallying for support to include manganese as a prioritized mineral on the Canadian government's critical mineral list so that the current targeted group of six -- lithium, graphite, nickel, cobalt, copper and rare earth minerals -- becomes the group of seven with the inclusion of manganese as a priority mineral.

The government is currently seeking input through public consultation on updated criteria for critical minerals, with an emphasis on minerals deemed essential to Canada's economic and national security. Manganese X responded to the request for consultation, essentially stating that, although manganese is currently part of Canada's 31 critical mineral list, the coming 2024 update provides an opportunity to prioritize manganese for focus and investment so that it becomes the seventh targeted critical mineral.

"The public consultation, closing on Feb. 16, 2024, offers a chance to advocate for manganese, shedding light on its role and significance," said Martin Kepman, chief executive officer of Manganese X. "This is not just about remaining on the critical minerals list but also about manganese being prioritized for strategic investment. We already sent our response, and also circulated it to other provincial and federal stakeholders, promoting the virtues of manganese and its potential to improve the density, capacity, rechargeability, safety and longevity of [electric vehicle] batteries."

For a mineral to be deemed critical for Canada, the proposed government criteria specify the mineral meet one or more of the following:

• Essential to Canada's economic or national security;
• Required for the national transition to a sustainable low-carbon and digital economy;
• A sustainable and strategic source of critical minerals for international allies and both of the following:
  • Its supply is threatened;
  • It has a reasonable chance of being produced in Canada in the near to medium term.

Why prioritize manganese in Canada's critical mineral list:

• Ninety per cent of all high-purity manganese for EV batteries is currently produced in China.
• There is currently no high-purity manganese production in North America.
• Over 57 per cent of EV battery production in the United States currently uses high-purity manganese-based chemistries, and this is increasing.
• Forecasts indicate a major supply shortage of manganese -- not even enough high-purity manganese projects in the pipeline to meet 2030 needs.
• Canada is committed to having 60 per cent of cars sold as EVs by 2030, with substantial investments in EV battery parks.
• Manganese plays a crucial role in various EV battery chemistries ranging from NMC to the new and coming battery sodium sulphate battery demonstrating effectiveness and versatility.
• Canada possesses two of the largest manganese carbonate deposits in North America.
• Canada seeks an ethical ESG (environmental, social and governance) supply partner, and manganese is readily available domestically.

This Canadian government consultation closes on Feb. 16, 2024, and comments can be submitted on-line at "Let's talk Canada's critical minerals list and methodology."

About Manganese X Energy Corp.

Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first publicly actively traded manganese mining company in Canada and the United States to commercialize electric-vehicle-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.

We seek Safe Harbor.