Mr. Stephen Barley reports

AFRICAN ENERGY METALS FILES NI-43-101 REPORT ON NINOBAMBA

The TSX Venture Exchange has accepted for filing African Energy Metals Inc.'s National Instrument 43-101 technical report on the Ninobamba silver-gold project, prepared by James A. McCrea, PGeo, with an effective date of Jan. 21, 2025. The report is now available for review on SEDAR+.

The report is part of the company's reactivation from the NEX board to Tier 2 of the TSX-V, in connection with the company's option agreement dated Jan. 20, 2025, with Rio Silver Inc. to acquire a 100-per-cent interest in the Ninobamba advanced silver-gold project, located in Peru. The TSX-V has provided conditional acceptance of the reactivation, subject to, among other things, the closing of the company's previously announced $1-million private placement financing and payment of the exchange's fees.

About African Energy Metals Inc.

African Energy Metals is a natural resource company with a focus on the acquisition, exploration, development and operation of precious metal mining exploration projects. The company's primary focus will be on exploring and developing the advanced Ninobamba silver-gold project in the mining-supportive country of Peru.

We seek Safe Harbor.