New Energy Metals Announces Director Appointment and Officer Changes

Vancouver, British Columbia--(Newsfile Corp. - December 31, 2021) - New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) (the "Company") is pleased to announce the appointment of Daniel Schieber as a director of the Company and Priscilla Ikani as the Company's new Chief Financial Officer and Corporate Secretary, all effective December 22, 2021. Ms. Ikani replaces David Cross in the Chief Financial Officer role and Marla Ritchie in the Corporate Secretary role, each of whom resigned from their positions earlier this year.

Mr. Schieber established his career in metals and mining finance as an analyst for the Stabilitas Group of Funds in 2005. In 2009, he co-founded Euroscandic International Group where he raised upwards of $350M in project financing for specific development projects in the mining sector. From 2011-2015, he pivoted to Canadian-based farmland investments, ultimately becoming the Chief Investment Officer at Dynamis Capital Corp., which focuses on long-term, recession-proof investments with an emphasis on gold and silver. Mr. Schieber is the Chief Executive Officer and a director of GoldHaven Resources Corp., and has served as a director of several other public and private companies.

Ms. Ikani has over a decade of experience in financial administration and management for both public and private companies in the mining sector. She holds a BCom from the Sauder School of Business at UBC with a specialization in Finance, and currently acts as the Chief Operating Officer at Dynamis Capital Corp., where she works closely with Mr. Schieber.

The Company looks forward to the contributions of both Mr. Schieber and Ms. Ikani and plans to integrate them into the New Energy team in the coming weeks.

About the Company

New Energy Metals is focused on the exploration and development of energy metals.

On behalf of New Energy Metals Corp.

Stuart Ross, CEO
T: 604-638-3886
E: info@newenergymetals.ca
W: www.newenergymetals.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein, including the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: requirements for additional capital; future prices of precious metals, copper and lithium; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; currency fluctuations; as well as those factors discussed under the heading "Risks and Uncertainties" in the Company's most recent management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108805