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NEW ENERGY APPOINTS FREDERIC CAUMON

TO ITS BOARD OF DIRECTORS

Vancouver, British Columbia - September 9, 2024 - New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NEMCF) ("New Energy" or the "Company") is pleased to announce the appointment of 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 UK, advising major companies and governments on hedging and fiscal policies. He then served as Vice President for the EMEA in the Equity Division at Deutsche Bank, which was the largest equity investment bank globally at the time, covering European Exploration and Production (E&P) among other sectors.

Frederic also served as Executive Director and Head of M&A and ECM Small and Mid-Caps for France & 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 alternative energy and clean energy sectors.

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

Kenneth Kaczkowski, CEO, 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 $0.24 per share for a period of 5 years and the RSUs vest over two years.

The Company also announces the resignation of Rishi Kwatra 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.

ON BEHALF OF THE BOARD OF DIRECTORS,

NEW ENERGY METALS CORP.

Kenneth Kaczkowski

CEO

www.new-enrg.com

About New Energy Metals Corp.

New Energy Metals Corp. 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% interest in the Troitsa Copper property covering approximately 7,000 hectares located in the Omineca Mining Division of British Columbia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the ability of the new management to use his experience to positively impact New Energy's business and the ability of the Company to close the Offering for any reason. Such statements are qualified in their entirety by the inherent risks and uncertainties that the proceeds of the Offering may be used other than as set out in this news release and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.