Mr. Hugh Rogers reports

NEXCEL METALS ANNOUNCES EQUITY GRANTS

Nexcel Metals Corp.'s board of directors has approved the grant of incentive stock options to purchase an aggregate of 500,000 common shares of the company to a consultant and a director of the company. The options are to vest immediately upon grant, are exercisable at a price of 80 cents per common share for a period of three years from the date of grant and are otherwise subject to the terms of the company's stock option plan.

In addition, the company has approved the grant of an aggregate of one million restricted share units to consultants of the company. The RSUs are to vest immediately upon grant and have a settlement period of three years, and are otherwise subject to the terms of the company's RSU plan.

About Nexcel Metals Corp.

Nexcel Metals is a Canadian mineral exploration company focused on the acquisition, exploration and development of critical mineral projects in Canada. The company's flagship Burnt Hill tungsten project is located in New Brunswick and encompasses a significant land package within one of Canada's most historically significant tungsten camps. Nexcel's strategy is to advance and expand its critical mineral portfolio through systematic exploration, strategic property acquisitions and the evaluation of development opportunities in stable mining jurisdictions. The company also has the option to acquire a 100-per-cent interest in the Lac Ducharme rare earth element project in Quebec.

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