Mr. Rishi Kwatra reports

NEW ENERGY ANNOUNCES SHARE CONSOLIDATION

New Energy Metals Corp.'s board of directors has approved a consolidation of all of its issued and outstanding common shares on the basis of 10 preconsolidated common shares for one postconsolidated common share. The proposed share consolidation remains subject to TSX Venture Exchange acceptance.

The proposed share consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 35,846,767 common shares to approximately 3,584,677 common shares. No fractional shares will be issued as a result of the share consolidation. Any fractional shares resulting from the share consolidation will be rounded down to the next whole common share, and no cash consideration will be paid in respect of fractional shares.

The record date, effective date of the share consolidation and the new Cusip and ISIN numbers will be disclosed in a subsequent news release. There will be no change in the company's name and trading symbols.

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 Atikokan lithium project which comprises 3,788 hectares and is located approximately 12 km east of Atikokan, Ont. The claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the Quetico subprovince. The Quetico-Marmion subprovincial boundary lies just four km north of the property.

The company also has an option to purchase a 100-per-cent interest in the Roslyn lithium property, covering 5,100 hectares located 25 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 tons) 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.