Mr. Wayne Moorhouse reports

ENVIROMETAL SETTLES OUTSTANDING LIABILITIES

Envirometal Technologies Inc. has entered into agreements with the company's two current directors and one former director of the company to forgive $312,000 (U.S.) ($418,128 (Canadian)) in accrued liabilities. The amounts forgiven relate to director fees accrued during the period from April 1, 2022, to April 1, 2024. No cash payments or consideration of any kind were provided by Envirometal to the current and former directors in conjunction with the forgiveness of the accrued liabilities.

Wayne Moorhouse, president and chief executive officer, commented: "The elimination of these liabilities from Envirometal's balance sheet helps strengthen the company's financial position. We would like to thank the current and former directors for co-operating with management to better financially position Envirometal to pursue business opportunities."

About Envirometal Technologies Inc.

Envirometal Technologies is commercializing highly effective precious metal recovery technologies. Envirometal's proprietary non-cyanide, water-based, neutral pH and closed-circuit treatment process has been proved to extract precious metals from ores and concentrates at lab and pilot scale and provide both operational and environmental advantages to gold mining companies. Envirometal is actively engaging with mining companies seeking to reduce the costs and environmental impact of their operations.