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AIR.V ·

Clean Air Metals Inc. Announces Receipt of Final Approval from the TSX Venture Exchange

Corporate Updates

Clean Air Metals Inc. Announces Receipt of Final

Approval from the TSX Venture Exchange

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Toronto, ON, May 21, 2020 – Clean Air Metals Inc. (formerly Regency Gold Corp.) (“Clean Air”

or the “Company”) (NEX: RAU.H) is pleased to announce that further to its press releases of May

7, 2020 and May 14, 2020, Clean Air has received final approval from the TSX Venture Exchange

(“TSXV”) in respect of its previously announced reverse takeover transaction (the “Transaction”),

which was completed on May 14, 2020, and its application for listing its common shares on the

TSXV.

The Final Exchange Bulletin of the TSXV in respe ct of the Transaction was published on May 20,

2020. Trading in the common shares of Clean Air will resume effective at the open on May 22,

2020 under the symbol “AIR”, and Clean Air will be listed as a Tier 2 “Mining Issuer” (as such term

is defined in the policies of the TSXV).

ON BEHALF OF THE BOARD OF DIRECTORS

"Abraham Drost"

Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

For further information, please contact:

Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

Phone: 807-252-7800

Email: [email protected]

Website: www.cleanairmetals.ca

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.

Cautionary Note

The information contained herein contains "forward -looking statements" within the meaning of

applicable securities legislation. Forward-looking statements relate to information that is based on

assumptions of management, forecasts of future results, and es timates of amounts not yet

determinable. Any statements that express predictions, expectations, beliefs, plans, projections,

objectives, assumptions or future events or performance are not statements of historical fact and

may be "forward-looking statements." Forward-looking statements are subject to a variety of risks

and uncertainties which could cause actual events or results to differ from those reflected in the

forward-looking statements, including, without limitation: risks related to the TSXV listing , risk

related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks

related to the outcome of legal proceedings; political and regulatory risks associated with mining

and exploration; risks related to the maintenance of stock exchange listings; risks related to

environmental regulation and liability; the potential for delays in exploration or development

activities or the completion of feasibility studies; the uncertainty of profitability; risks and

uncertainties relating to the interpretation of drill results, the geology, grade and continuity of

mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the

potential for unexpected costs and expenses; results of prefeasibility an d feasibility studies, and

the possibility that future exploration, development or mining results will not be consistent with the

Company's expectations; risks related to commodity price fluctuations; and other risks and

uncertainties related to the Compan y's prospects, properties and business detailed elsewhere in

the Company's disclosure record. Should one or more of these risks and uncertainties materialize,

or should underlying assumptions prove incorrect, actual results may vary materially from those

described in forward -looking statements. Investors are cautioned against attributing undue

certainty to forward -looking statements. These forward -looking statements are made as of the

date hereof and the Company does not assume any obligation to update or revise them to reflect

new events or circumstances, except in accordance with applicable securities laws. Actual events

or results could differ materially from the Company's expectations or projections.