File: '\\swfile\EmailIn\20250702 162956 Attachment ENRG_NR_20250702_RSU-OptionGrants.docx'

1

2

New Energy Metals Announces Grant of Options and RSUs

Vancouver, British Columbia - July 2, 2025 - New Energy Metals Corp. (TSXV: ENRG) (OTCQB: NRGYF) ("New Energy" or the "Company") announces that, pursuant to its Omnibus Equity Incentive Plan, the Company has granted stock options ("Options") and restricted share units ("RSUs") to certain directors and officers of the Company.

The Company has granted an aggregate of 130,000 Options to directors and officers of the Company, exercisable at a price of $0.26 per share and will expire five years from the date of grant. The Options will vest quarterly over a one-year period.

The Company has also granted an aggregate of 90,000 RSUs to directors and officers of the Company. The RSUs will vest semi-annually over a two-year period. Upon vesting, each RSU entitles the holder to receive one common share of the Company.

All securities issued pursuant to the grants will be subject to a hold period of four months and one day, in accordance with applicable securities laws.

ON BEHALF OF THE BOARD OF DIRECTORS,

New Energy Metals Corp.

Kenneth Kaczkowski

Chief Executive Officer

Tel: 305-280-4161

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.

Forward Looking Statements

This news release contains certain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are often identified by terms such as "may," "will," "should," "anticipate," "expect," "intend," "plan," "believe," "estimate," or similar expressions. Forward-looking statements in this release include statements regarding the vesting and potential issuance of securities pursuant to the Omnibus Equity Incentive Plan.

These statements are based on current expectations and assumptions and are subject to risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, changes in capital markets, regulatory conditions, or corporate plans. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.