Electric Metals (USA) Limited Announces Appointment of Chief Executive Officer

Toronto, Ontario, February 1, 2024: Electric Metals (USA) Limited (“EML” or the “Company”) (TSXV: EML) (OTCQB: EMUSF) is delighted to announce the appointment of Mr. Brian Savage to the posi�on of President and Chief Execu�ve Officer, effec�ve today. Mr. Savage replaces Mr. Gary Lewis who has resigned all posi�ons with the Company. The Board thanks Mr. Lewis for his service to the Company and wishes him well in his future endeavours.

The main goal for Mr. Savage is to further the evalua�on and advancement of the Emily Manganese Project in Central Minnesota and to transi�on the project from a resource to an opera�ng mine and high purity manganese processing plant. Mr. Savage is eminently suited to this role. An American ci�zen and resident of Colorado, he holds an MSc in Mineral Economics and a BSc in Mining Engineering from the Colorado School of Mines.

Mr. Savage has a long history of iden�fying, building, transforming and growing businesses in the mining and metals industry. His most recent project has been the forma�on of a joint venture to restart the shipping of manganese from the Kisenge mine facility in the Democra�c Republic of the Congo.

Mr. Savage has a wealth of experience in explora�on, development, produc�on and project financing. He has spent years developing mining projects in various countries including Kazakhstan, Russia, Guinea and the Congo, as well as a number of opera�ons in the United States. He has worked with a large range of stakeholders, including property owners, local communi�es, governmental and interna�onal en��es and shareholders.

Mr. Savage stated “I am thrilled to join Electric Metals. We believe the Emily Manganese Project represents the highest grade manganese deposit in North America and offers an exci�ng opportunity to develop highvalue high-purity manganese products for the electric vehicle and energy storage sector, filling a crucial gap in the US market“. The Board of Electric Metals is confident that Mr. Savage has the right experience to advance the Emily Manganese Deposit from a geologic, technical, economic and environmental viewpoint, while maintaining a stewardship that is in the best interest of all stakeholders. During the last year the company has expended great effort in explora�on drilling with the aim to further quan�fy the Emily Deposit. In the near future the Company expects to be able to announce an updated mineral resource and the results of the ongoing metallurgical laboratory research tes�ng of the ability of Electrical Metals to produce batery grade high purity manganese sulphate monohydrate (HPMSM) and other highgrade manganese products from the Emily Manganese Project.

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral development company with manganese and silver projects geared to suppor�ng the transi�on to clean energy. The Company’s principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a Na�onal Instrument 43-101 Technical Report – Resource Es�mate, with over US$26 million invested to date. The Company’s mission in Minnesota is to become a domes�c U.S. producer of high purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a cri�cal and prominent role in lithium-ion batery formula�ons, and with no current domes�c supply or ac�ve mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company’s shareholders.

For further informa�on, please contact:

Electric Metals (USA) Limited Oliver Lennox-King Chair of the Board (416) 948-5699 [email protected]

Neither the TSX Venture Exchange nor its Regula�on 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 Information This news release contains “forward-looking informa�on” and “forward-looking statements” (collec�vely, “forward-looking informa�on”) within the meaning of applicable securi�es laws. Forward-looking informa�on is generally iden�fiable by use of the words “believes,” “may,” “plans,” “will,” “an�cipates,” “intends,” “could”, “es�mates”, “expects”, “forecasts”, “projects” and similar expressions, and the nega�ve of such expressions.

Forward-looking statements in this news release include, but are not limited to, statements with respect to the appointment of Mr. Savage as Chief Execu�ve Officer, the announcement of an updated mineral resource and the results of the metallurgical laboratory research tes�ng of the ability of Electrical Metals to produce batery grade high purity manganese sulphate monohydrate (HPMSM) and other high-grade manganese products from the Emily Manganese Project.

These statements address future events and condi�ons and so involve inherent risks, uncertain�es and other factors that could cause actual events or results to differ materially from es�mated or an�cipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to obtain all necessary stock exchange and regulatory approvals. Forward-looking informa�on is based on the reasonable assump�ons, es�mates, analysis and opinions of management made in light of its experience and percep�on of trends, current condi�ons and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has atempted to iden�fy important factors that could cause actual results to differ materially from those contained in forward-looking informa�on, there may be other factors that cause results not to be as an�cipated. There can be no assurance that such informa�on will prove to be accurate, as actual results and future events could differ materially from those an�cipated in such informa�on. Accordingly, readers should not place undue reliance on forward-looking informa�on.

All forward-looking informa�on herein is qualified in its en�rety by this cau�onary statement, and the Company disclaims any obliga�on to revise or update any such forward-looking informa�on or to publicly announce the result of any revisions to any of the forward-looking informa�on contained herein to reflect future results, events, or developments, except as required by law.