Mr. Rishi Kwatra reports

NEW ENERGY METALS ANNOUNCES UPLISTING TO OTCQB

New Energy Metals Corp. has uplisted from the OTC Pink Open Market to the OTCQB Venture Market. New Energy's common shares will begin trading on the OTCQB under the existing symbol NRGYF as of the opening of market on Wednesday, June 21, 2023.

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. 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. Shareholders and potential investors can have access to real-time stock quotes, financial information and company updates through various financial data platforms, brokerages and the OTC Markets Group's website.

Rishi Kwatra, chief executive officer, commented: "The uplisting reflects our dedication to creating long-term value for our shareholders and underscores our commitment to maintaining the highest standards of transparency and corporate governance. We believe this move will enhance our visibility within the investment community, attract a broader investor base and provide greater liquidity for our shareholders."

The company's common shares will continue to trade on the TSX Venture Exchange under the symbol ENRG.

About New Energy Metals Corp.

New Energy 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 kilometres 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 lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0 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.

We seek Safe Harbor.