Mr. Rishi Kwatra reports

NEW ENERGY METALS ANNOUNCES TRADING SYMBOL CHANGE ON THE OTC MARKETS

New Energy Metals Corp.'s trading symbol on the OTC Pink Open Market has changed from NEMCF to NRGYF. The company's common shares commenced trading on the OTC Pink under NRGYF on May 10, 2023.

The company is also pleased to announce that it has made application to uplist the common shares from the OTC Pink to the OTCQB Venture Market. The company believes that the uplisting to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The listing of the common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.

The OTCQB, operated by the OTC Markets Group Inc., is a premier and established marketplace for entrepreneurial and development-stage U.S. and international companies. To be eligible, companies must be current in their financial reporting and undergo an annual verification and management certification process. With more compliance and quality standards, the OTCQB provides a strong baseline of transparency to improve the information and trading experience for investors. The OTCQB is recognized by the U.S. Securities and Exchange Commission as an established public market providing public information for analysis and value of securities.

The common shares continue to trade under the symbol ENRG on the TSX Venture Exchange.

About New Energy Metals Corp.

New Energy Metals is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. The company has an option to purchase a 100-per-cent interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometres southeast of the Georgia Lake pegmatite field and 35 km southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tonnes) grading 0.88 per cent Li2O (lithium oxide) and an inferred mineral resource of 4.2 Mt grading 1 per cent Li2O. The company also has an option to purchase a 100-per-cent interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

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