Mr. Darrin Campbell reports

NAMIBIA CRITICAL METALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND APPOINTMENT OF NEW DIRECTOR

Namibia Critical Metals Inc. has released the results of the company's annual general meeting of shareholders held on May 18, 2023. Shareholders holding 58.84 per cent of the shares were represented in person or by proxy at the meeting. All the matters submitted to the shareholders, as set out in the notice of meeting and information circular dated April 12, 2023, were voted in favour, including: (a) election of directors to the board of the company as listed herein; (b) the approval of the stock options plan, pursuant to which the company may grant stock options up to 10 per cent of its issued and outstanding common shares at the time of grant; and (c) the appointment of PricewaterhouseCoopers LLP as the auditors of the company for the ensuing year.

Adrian Hickey, Darrin Campbell and William Price were re-elected and Steve Herlihy was newly appointed to serve as directors of the company, with the percentage of votes cast for each director as noted herein.

Appointment of Mr. Herlihy to the board of directors

Mr. Herlihy is the chief financial officer of Bannerman Energy Ltd., which is the largest shareholder of the company. Mr. Herlihy is a chartered accountant with over 30 years professional experience. His extensive background in the resources sector includes several roles within BHP Ltd., commencing as global financial controller for BHP iron ore before progressing to special project roles. As part of BHP's strategy and innovation leadership team, Mr. Herlihy led a team of analysis and improvements specialists that focused on operational and supply chain effectiveness. Prior to joining BHP, Mr. Herlihy held senior commercial, finance and business development roles within Tier 1 global resources businesses, including Newmont Corp., Newcrest Mining, Normandy Mining, WMC Resources and Placer Dome/Barrick Gold. More recently, Mr. Herlihy was a partner of a national accounting and advisory firm that was part of a top 10 global accounting network. As leader of its consulting and corporate finance advisory practice, he specialized in investment evaluation, strategic planning, business transformation, corporate governance, risk management and compliance advisory to a range of listed and unlisted clients. Mr. Herlihy has deep, hands-on experience in project finance and merger and acquisition activities. His broad transactional experience ranges from negotiating small joint venture agreements through to lead commercial roles on large-scale multinational transactions. Mr. Herlihy holds a bachelor of business (accounting) from Curtin University, a graduate diploma in applied finance and investment from the Financial Services Institute of Australia, and a master of business administration (MBA) from Deakin University.

Mr. Campbell, president of Namibia Critical Metals, stated:

"We are delighted to have Steve Herlihy join our board as we progress our Tier 1 Lofdal heavy rare earth project through feasibility. Steve's impressive experience in the mining sector will be a welcomed and valued voice on our team."

About Namibia Critical Metals Inc.

Namibia Critical is developing the Tier 1 heavy rare earth project Lofdal, a globally significant deposit of the heavy rare earth metals dysprosium and terbium. Demand for these critical metals used in permanent magnets for electric vehicles, wind turbines and other electronics is driven by innovations linked to energy and technology transformations. The geopolitical risks associated with sourcing many of these metals has become a repeated concern for manufacturers and end-users. Namibia is a proven and stable mining jurisdiction.

We seek Safe Harbor.