Mr. Patrick Donnelly reports

SERRA ENERGY METALS ANNOUNCES ACQUISITION OF LITHIUM TENEMENTS IN BAHIA, BRAZIL

Serra Energy Metals Corp. has been granted by the Agencia Nacional de Mineracao (Federal Mining Agency of Brazil) a 100-per-cent interest in the Santa Luz property comprising four mineral tenements covering approximately 8,000 hectares in Bahia state, Brazil. The tenements, which contain pegmatites, have the potential to host spodumene mineralization. All of the new tenements are located near infrastructure, including roads, electricity, and water. Patrick Donnelly, President and CEO of Serra, stated that the acquisition of these tenements signifies the Company's foray into Brazil to explore for and develop the metals required for the green economy. The identification and application for these tenements was carried out by Serra's Brazilian-based exploration and reconnaissance team, which has been searching for base and green metals opportunities in the country. By conducting its own work in identifying and procuring these properties, Serra has obtained prospective assets without incurring high acquisition costs from third-party groups. Geologically, Brazil is relatively underexplored but shares many geological similarities with eastern and northern Canada, as well as Western Australia. As a result, Serra believes that there are potential numerous world-class discoveries still to be made in the region.

The Santa Luz tenements are located approximately 20 km northwest of the city of Santa Luz (population 38,000) and 273 km from the city of Salvador on the coast of Brazil. The property is also located 25 km southwest of Equinox Gold Corp.'s producing Santa Luz gold mine (Figure 1).

Inspection of the property by Serra senior management and geologists identified several pegmatites which crosscut granites on the tenements (Figures 2 to 4). The Santa Luz Property is well served by roads, power, and water. The Company will commence a detailed prospecting, mapping and sampling program, followed by a potential drill program.

Qualified Person

The technical information in this news release for Serra has been reviewed and approved by Patrick Donnelly, P.Geo., President and CEO of Serra, and a "Qualified Person" as defined under National Instrument 43-101.

About Serra Energy Metals Corp.

Serra Energy Metals Corp. is focused on the acquisition, exploration, and development of green metal projects. The Company's main interest lies in the exploration of nickel, copper, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near infrastructure. The Company operates in Brazil, a rising hub for green metals with numerous active copper, nickel, and lithium mines. Serra has assembled a top-notch, experienced in-house exploration team based in the country.

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