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Clean Air Metals Grants Stock Options

Share Capital & Compensation

Clean Air Metals Grants Stock Options

Thunder Bay, ON, July 9, 2024 – Clean Air Metals Inc. (“Clean Air Metals” or the “Company”)

(TSXV: AIR; FRA: CKU; OTCQB: CLRMF) announces that it has granted an aggregate of 2,000,000

incentive stock options to certain officers, employees and consultants of the Company, subject to

regulatory approval. The stock options are exercisable at $0.055 for a period of 5 years from the

grant date and subject to vesting terms.

About Clean Air Metals

Clean Air Metals is a development and exploration company advancing its flagship, 100% owned

Thunder Bay North Critical Minerals (“TBN”) project, 40 km northeast of Thunder Bay, Ontario.

The TBN project, accessible by road and next to established infrastructure, hosts two (2) deposits

- the Current and Escape deposits, only 2.5 km apart. Together, the deposits host a 13.8

Mt indicated mineral resource containing 2.4M Pt eq. oz (Technical Report on the Thunder Bay

North Project, Ontario Canada, NI43-101, SLR Consulting Canada Ltd, June 19, 2023) with

significant potential for expansion down-plunge.

One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable

and mining-friendly jurisdiction and benefits from longstanding relationships with local First

Nations. With its proven technical team, Clean Air Metals is committed to growing the resources

at the TBN project and creating long-term value for shareholders.

Social Engagement

Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project is located

within the area encompassed by the Robinson -Superior Treaty of 1850, and includes the

territories of the Fort William First Nation, Red Rock Indian Band, Bii njitiwabik Zaaging

Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the

contributions of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation

to the rich history of our area. 

The Company appreciates the opportunity to work in these territories and remains committed to

the recognition and respect of those who have lived, traveled, and gathered on the lands since

time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains

committed to building, fostering and encouraging a respectful relationship with First Nations,

Métis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and

collaboration in the spirit of reconciliation.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mike Garbutt"

Mike Garbutt, CEO of Clean Air Metals Inc.

Connect with us on X/ Facebook/ Instagram.

Visit www.cleanairmetals.ca for more information or contact:

Mia Boiridy

Director of Communications and Investor Relations

250-575-3305

[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.