Mr. Kenneth Kaczkowski reports

NEW ENERGY APPOINTS FREDERIC CAUMON TO ITS BOARD OF DIRECTORS

New Energy Metals Corp. has appointed Frederic Caumon to New Energy's board of directors, effective immediately.

Mr. Caumon is European based and has over 20 years of experience in the financial and consulting sectors. He began his career at the Oxford Institute for Energy Studies in the United Kingdom, advising major companies and governments on hedging and fiscal policies. He then served as vice-president for EMEA (Europe, the Middle East and Africa) in the equity division at Deutsche Bank, which was the largest equity investment bank globally at the time, covering European exploration and production, among other sectors.

Mr. Caumon also served as executive director and head of M&A (mergers and acquisitions) and ECM (equity capital markets) small-caps and mid-caps for France and Benelux at Banco Santander, the largest listed European bank and a leading investment bank in Latin America. His extensive project management experience includes establishing a private-equity platform focused on Central Europe's real estate market for family offices. He also has significant experience in the alternative energy and clean energy sectors.

In addition, Mr. Caumon managed financial assets at Montpensier Finance, a French-regulated investment firm based in Paris. More recently, Mr. Caumon has been advising corporations and governments on financial engineering through his boutique firm, Crestia Partners. Mr. Caumon holds a master's degree in mathematical finance from Dauphine University.

Kenneth Kaczkowski, chief executive officer, commented: "We are thrilled to welcome Frederic to the board. His extensive knowledge and valuable experience and connections throughout Europe will be a significant asset to New Energy, and we eagerly anticipate the insights he will bring."

The company has granted 50,000 stock options and 25,000 restricted share units (RSUs) to Mr. Caumon. The options are exercisable at 24 cents per share for a period of five years, and the RSUs vest over two years.

Rishi Kwatra has resigned as a director of the company. The board wishes to thank Mr. Kwatra for his contributions to New Energy and wishes him all the best in his future endeavours.

About New Energy Metals Corp.

New Energy Metals is a Canadian-based resource company. The company 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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