Tillkännagivande • May 19

New Energy Metals Corp. Reports Encouraging Results from Troitsa Copper Project

New Energy Metals Corp. announced positive results from its 2022 exploration program on the Troitsa Copper Project. The program, which included extensive geological mapping and sampling, confirmed historic channel and drill intercepts defining the Main Zone, with 26 samples averaging 0.61% copper. Troitsa is located 30 kilometers south of the advanced-stage Berg porphyry copper deposit, and 15 kilometers southwest of the Huckleberry past-producing porphyry copper-moly deposit and the nearby Ox and Seel developed porphyry copper prospects. Troitsa is a promising copper porphyry exploration project which has had significant potential for future development confirmed by latest exploration program, which focused on finding extensions to the Main Zone where the most continuous high-grade copper mineralization was discovered. The average copper grade of 0.61% in 26 out of 31 samples (capped at 1.4% Cu) taken from the Main Zone in the 2022 program is consistent with previous exploration programs and indicates the presence of significant copper mineralization in the area. New Energy is now planning further exploration and development work on the Project, with the aim of expanding the Main Zone mineralization. The prominent feature of the Main Zone is a 20-meter wide, biotite-feldspar porphyritic granite dyke in which biotite has been pervasively replaced by chalcopyrite. Fracture-controlled quartz-chalcopyrite-pyrite veinlets, oriented parallel to the track of the dyke, occur both in the dyke and proximally in the granodiorite of the Troitsa stock. Historically, a 121 meter series of channel samples (Callinex, 2010) averaged 0.28% Cu, and was corroborated by long drill intercepts of copper mineralization in 7 holes over a 600 meter strike length. In the 2022 exploration program, thirty-one mineralized samples were taken from the creek outcrops channel sampled by Callinex along with three whole rock samples and three QP check samples. The 0.61% average copper grade is from 26 out of 31 samples taken at the Main Zone, which excluded 5 high-grade veins above 1.4% Cu (assays: 29.2%, 15.8%, 7.4%, 4.3%, and 2.7% Cu). Molybdenum is also significant and averages 909 ppm Mo in the same 26 samples, some of which had very high-grade Mo, or 215 ppm Mo in 29 of 31 samples capped at 1% Mo. Three QP check samples verify the Main Zone sampling: 0.84% Cu (multiple grabs from the Main Zone dyke), 0.21% Cu (2 grabs of a 20 m-wide dyke in an adjacent creek), and 0.11% Cu (a 5 m-wide dyke 80 m downstream). Tracking the Main Zone mineralization to the northwest beyond drill intersections, 5 samples were taken on the North Ridge from rusty weathering veins and breccia zones. One 10 cm quartz vein sample located 1 kilometer north of the Main Zone in a rusty shear zone graded 18.3 g/t Au, and a QP check sample of pyritic brecciated granodiorite graded 0.21% Cu. The Trogold showing is located on the NW slopes of Piano Peak in a cirque that is rapidly losing ice cover. The showing is notable for several gold-rich samples collected in the Callinex survey of 2011 that range between 5.1 and 19.4 g/t Au. Outcrops at the showing and on the nearby lower slopes of the cirque and along the steep head-wall were mapped in 2022 and 25 samples were collected. At the original Trogold showing, two of six samples corroborate the previous gold-rich samples: both sampled quartz-pyrite chalcopyrite veinlets in granodiorite; one graded 6.5 g/t Au and 0.86% Cu and the other 2.9 g/t Au. Two samples of granodiorite with disseminated chalcopyrite graded 2.6% and 0.94% Cu. The dyke is mineralized with disseminated chalcopyrite while the adjacent monzodiorite - granodiorite has quartz chalcopyrite-pyrite veinlets. Grades in the dyke include a one-meter composite with 0.16% Cu and a grab with 0.87% Cu. Peripheral to the dyke, veinlet-mineralized granodiorite samples graded 0.76% and 0.57% Cu. North of the dyke a quartz carbonate altered shear zone yielded a sample with 5.3% Cu and another with 0.53% Cu. The results of the sampling and assays suggest similarities to the Main Zone showings 2 kilometers to the northwest, which are associated with potassically altered, chalcopyrite mineralized porphyriticgranite dykes. West of the Trogold showing, the redefined Cirque showing is located at a col between the west buttress of Piano Peak and its main westerly ridge. In previous Callinex samples from the area, 30 of 32 samples averaged 0.33% Cu and 197 ppm Mo. Thirteen mineralized samples and two whole rock samples were taken from quartz sulphide veins in granitoid and mafic volcanic rocks at the Cirque showing. Copper grades in the samples vary from 0.05% Cu in a semi-massive pyritic vein to 7.0% in a 2 cm chalcopyrite vein in granodiorite. The average of 11 of 13 samples is 0.21% (capped at 1.4%; excluded 5.0% and 7.0% Cu). Samples with higher grades of copper tend to have higher gold assays (0.54 and 0.44 g/t Au), but one vuggy quartz vein sample with only 0.15% Cu yielded 0.99 g/t Au. Molybdenum ranges from 1.3 ppm to 549 ppm and averages 175 ppm Mo in all 13 samples indicating that higher Mo grades are independent of copper. The Astiort and Tro showings are located about 900 meters south of the Main Zone in an area of recent deglaciation where Callinex took 61 samples in 2010 that averaged 0.11% Cu from glacially smoothed, near continuous outcrops. The mineralization and related alteration is interpreted to represent a peripheral zone in the porphyry system exhibiting more argillic styles of alteration, higher pyrite to chalcopyrite ratios, galena, sphalerite and carbonate veining. Seven of eight new samples, excluding a 7.4% Cu sample, averaged 0.44% Cu, but included two samples with significant galena and sphalerite. The excluded high copper sample also graded 3550 ppm Mo, 98 g/t Ag and 599 ppm Bi, and is from a 25 cm quartz carbonate vein found along the contacts of a hornblende phyric diorite dyke. Galena-sphalerite - bearing veins were also sampled by the QP at Troitsa Easter 2 km to the NE near the Troitsa stock contact with hornfelsed tuffs.

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Namn	Position	Anställning	Kompensation	Ägarskap
Kenneth Kaczkowski	CEO & Director	2.1yrs	inga uppgifter	0.55% $ 7.8k
Nilda Rivera	CFO & Corporate Secretary	3.3yrs	CA$61.50k	0.51% $ 7.2k
Thomas Henricksen	Chief Geologist & Member of Board of Advisors	7.5yrs	inga uppgifter	inga uppgifter

Namn	Position	Anställning	Kompensation	Ägarskap
Kenneth Kaczkowski	CEO & Director	2.1yrs	inga uppgifter	0.55% $ 7.8k
Thomas Henricksen	Chief Geologist & Member of Board of Advisors	7.4yrs	inga uppgifter	inga uppgifter
Stewart Jackson	Technical Advisor	3.5yrs	inga uppgifter	inga uppgifter
Cameron MacDonald	Director	1.3yrs	inga uppgifter	3.41% $ 47.8k
Kareem Barbir	Director	1.2yrs	inga uppgifter	inga uppgifter

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