Dr. Matthew James reports

EURO MANGANESE ANNOUNCES GRANT OF STOCK OPTIONS

Euro Manganese Inc. has granted stock options to its directors, officers and employees to purchase up to an aggregate of 4,868,251 common shares of the company. Of these, 1,708,696 options have been granted to directors, 1,271,739 options have been granted to officers and 1,887,816 options have been granted to employees. The options are exercisable for a term of 10 years at an exercise price of 47.75 cents per share, being the issuance price of the last equity capital financing in February, 2022. The options will vest one-third on each of the first, second and third anniversaries of the date of grant of May 15, 2023.

About Euro Manganese Inc.

Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The company is advancing development of the Chvaletice manganese project in the Czech Republic and exploring an early-stage opportunity to produce battery-grade manganese products in Becancour, Que.

The Chvaletice project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.

Euro Manganese is dual listed on the TSX Venture Exchange and the Australian Securities Exchange, and is also traded on the OTCQX.