Mr. Harry Barr reports

NEW AGE METALS INC. PUBLISHES SUSTAINABILITY REPORT FOR 2023-2024

New Age Metals Inc. has released its ESG (environmental, social, governance)/sustainability report for the year 2023-2024. The scope of this project encompasses both the company's Manitoba lithium project and River Valley PGM (platinum group metals) project.

Harry Barr, chairman and chief executive officer of the company, commented: "On behalf of the management and directors, I am pleased to update you on the key milestones completed to date in 2024, and the goals and objectives for New Age Metals (NAM) for the balance of the year. From [New Age Metals'] inception to this date, our primary focus before delving into any project has been to identify all key stakeholders, especially ones involved with the environmental and social prospects in the regions that our projects are located in. To this effect, we have not only spent a substantial amount in that direction but have and are directly engaged with the first nations, custodians and communities around all our properties. Our team at [New Age Metals] have a firm belief that where the success of a project is deduced from its financial statements and economic prospects, the sustainability of that success lies solely in strong consideration of environmental, social and governance (ESG) metrics of that said project, which further gives us the motivation, encouragement and the social licence to operate."

The company aims to ensure that it is actively communicating with investors and other stakeholders to the best of its abilities, and it wants you to know that it is available to answer any questions or concerns.

The company's ESG/sustainability report is now available under the ESG tab on its corporate website.

Following are some summarized points:

• The report is based on frameworks outlined by both TCFD (Taskforce for Climate-related Financial Disclosures) and SASB (Sustainability Accounting Standards Board). This was done to make sure that the report aligns with important and industry-wide prevalent institutions' layout.
• The company's Manitoba lithium project had 512.758 tonnes and River Valley PGM project had zero tonne of carbon monoxide emissions, for a total of 512.758 tonnes.
• The company's Manitoba lithium project used 1,012,500 gallons and River Valley PGM project used zero gallon of fresh water, all of which was sourced from nearby sources.
• Community relations aspect of the report further highlights the existing and growing relationship with Temagami, Nipissing and Sagkeeng first nations, including the memoranda of understanding, archaeological, land use and other surveys.

The company knows well the importance of these ESG reports, and the visibility, transparency and affirmation they provide to environmental, social and governance issues arising from its operations, which is imperative across the industry. Following this inaugural report, the company will include disbursement of such reports as an annual target, and will ensure to involve all stakeholders and communities as much as possible.

About New Age Metals Inc.

New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The company has two divisions: a platinum group element division and a lithium/rare element division.

The PGE division includes the 100-per-cent-owned, multimillion-ounce, district-scale River Valley project, one of North America's largest undeveloped platinum group element projects, situated 100 kilometres by road east of Sudbury, Ont. In addition to River Valley, the company owns 100 per cent of the Genesis PGE-copper-nickel project in Alaska, and plans to complete a surface mapping and sampling program in 2023.

The company's lithium division is one of the largest mineral claimholders in the Winnipeg River pegmatite field, where the company is exploring for hard rock lithium and various rare elements such as tantalum, rubidium and cesium. In conjunction with its farm-in/joint venture agreement with Mineral Resources Ltd. (MinRes), it is pleased to announce that summer fieldwork has commenced on the company's Winnipeg River-Cat Lake lithium projects of southeast Manitoba. This work is in conjunction with a research project being carried out across the properties in partnership with the University of New Brunswick and University of British Columbia, and supported by the Manitoba Geological Survey. A budget from June, 2024, to April, 2025, of up to $450,000 has been approved by Mineral Resources, a top global lithium producer, to explore and develop the company's lithium project portfolio in southern Manitoba. The company's philosophy is to be a project generator with the objective of optioning its projects with major and junior mining companies through to production.

The company is actively seeking an option/joint venture partner for its newly acquired Northman and South Bay lithium projects in northern Manitoba, and its road-accessible Genesis PGE-Cu-Ni project in Alaska.

Management is currently aggressively seeking new mineral acquisition opportunities on an international scale.

Qualified person

The technical lithium/rare-element-related information in this news release has been reviewed and approved by Lynde Guillaume (senior geologist, Axiom Exploration Ltd.), a qualified person and a professional geoscientist (PGeo) who is a registered member of the Engineer and Geosciences of Manitoba (No. 47952). The technical PGE/River Valley-related information in this news release has been reviewed and approved by Dr. William Stone, a qualified person and a professional geoscientist (PGeo) who is a registered member of the Professional Geoscientists Ontario (licence No. 1569).

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