Mr. Martin Kepman reports

MANGANESE X ENERGY CORP. REPORTS FINAL BATTERY HILL DEPOSIT DRILL RESULTS IN ADVANCE OF PRE-FEASIBILITY STUDY

Manganese X Energy Corp. has released the final results of its recently completed Battery Hill prefeasibility manganese diamond drilling program, marking a key milestone before commencing its prefeasibility study.

Manganese X chief executive officer Martin Kepman said: "The prefeasibility study is a strategic step in advancing mine permitting, derisking the project and guiding forward planning. Our latest drill program, along with upcoming community engagement and environmental and geotechnical studies, plays a key role in this process."

He added, "Given Canada's recent focus on sourcing its own critical minerals, such as manganese, the Battery Hill project is on track to accomplish this and, therefore, is positioned to play a crucial role in the North American supply chain."

Assays from 12 drill holes totalling 1,393 metres have been received, bringing total drilling at the company's 100-per-cent-owned Battery Hill project near Woodstock, N.B., to 104 drill holes totalling approximately 17,000 metres since 2016.

The program focused on infill and expansion drilling to upgrade inferred resources to measured and indicated categories, supporting the coming PFS. Significant resource increases are anticipated, driven by the newly discovered Moody Northwest zone and the extended Sharpe Farm zone, which returned mineralization up to 72.6 metres (238 feet) in core thickness.

A new National Instrument-compliant mineral resource estimate by Mercator Geosciences is under way.

The company's vice-president of exploration, Perry MacKinnon, stated, "Drilling has now defined the Battery Hill orebody with high confidence, with most resources classified as measured and indicated -- an essential step for future conversion to proven and probable reserves during economic evaluation."

Drilling results

Assays have been received from all 12 drill holes spanning 1,393 metres in the Moody Hill and Sharpe Farm sectors. The results confirm strong mineralization in key areas.

Key highlights (see full results in the table below):

• SF24-96: 12.5 metres of 13.62 per cent manganese oxide from 41.5 m and 13.3 m of 14.9 per cent MnO;
• SF24-98: 72.6 m of 11.29 per cent MnO from 11 m, including 42.1 m of 13.3 per cent MnO;
• SF24-99: 32 m of 15.7 per cent MnO from five m;
• SF24-101: 16 m of 13 per cent MnO from eight m, and 51.5 m of 12.57 per cent MnO from 136 m;
• SF24-102: 24.2 m of 9.3 per cent MnO from 6.8 m, 16.8 m of 10.89 per cent MnO from 53.4 m and 35.6 m of 14.6 per cent MnO from 87.2 m;
• SF24-103: 32 m of 11.6 per cent MnO from 27 m;
• SF24-105: 20.2 m of 11.2 per cent MnO from 81 m.

Manganese X remains committed to becoming the first publicly traded mining company in Canada and the United States to commercialize high-purity, electric-vehicle-compliant manganese.

All drill holes were inclined at minus 45 degrees, with true thickness estimated at 65 to 80 per cent of the reported core length.

Core logging and sampling followed industry standard protocols, including a quality assurance/quality control program with certified standards, blanks and duplicates, comprising 5 per cent of total samples. Sample intervals averaged two metres.

Initial half-core samples were collected by company personnel and sent to the Actlabs prep lab in Fredericton, N.B., before being forwarded to Actlabs in Ancaster, Ont., for XRF-fusion whole rock analysis (Code 4C). Actlabs is an accredited laboratory.

This news release has been reviewed and approved by Perry MacKinnon, PGeo, vice-president of exploration for Manganese X, a qualified person under National Instrument 43-101 guidelines for mineral project disclosure.

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 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.

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