Clean Air Metals Publishes ESG Report

Clean Air Metals Publishes ESG Report

Thunder Bay, ON, October 11, 2023 – Clean Air Metals Inc. (“Clean Air Metals” or the “Company”)

(TSXV: AIR; FRA: CKU; OTCQB: CLRMF) is pleased to announce that we have published our 2022

Environmental, Social and Governance (ESG) report covering a two-year period from February

2021 to January 2023.

Clean Air Metals aims for transparency. As a publicly traded organization, it has become

increasingly important for junior exploration companies to clearly document and report all critical

activities to ensure that all rights-holders, stakeholders, and communities are informed on these

key ESG metrics. Clean Air Metals strives to be a peer leader relative to ESG disclosure and again

relied on the ONYEN platform to help us deliver this important report. The ESG report was

prepared from data provided by Clean Air Metals to Onyen Corporation, using Onyen's innovative

AI driven software solution and on-line ESG Platform. The report, titled "Clean Air Metals Inc. –

2022 ESG Report" has been filed on the Clean Air Metals' website at www.cleanairmetals.ca at

https://www.onyen.com/published/CAM_2022_Annual_628.html.

Jim Gallagher, CEO of Clean Air Metals stated: “Despite being a relatively small junior exploration

company, Clean Air Metals has dedicated the time, energy and resources to compile and publish

this ESG report. Even though the Company’s current impact is quite low this report gives us a

framework, a scorecard on our performance and a clearer path forward as we continue to develop

the Thunder Bay North project. As we become more aware of the impacts of climate change, it

becomes increasingly critical to measure and document our strategies for reducing our

environmental footprint. Similarly, showing our governance policies and structure should provide

confidence to investors, community partners and government authorities that we can and will

build this project with transparency and to the highest ESG standards.”

Qualified Person

Dr. Geoff Heggie, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101 and Vice

President - Exploration for the Company, has reviewed and approved all technical information in

this press release.

Indigenous Community Social and Economic Engagement

Clean Air Metals Inc. and its wholly owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge

that the Thunder Bay North Project is on the traditional territories of the Fort William First

Nation, Red Rock Indian Band and Biinjitiwabik Zaaging Anishinabek. We further acknowledge the

project is within the treaty territory of Kiashke Zaaging Anishinaabek. These communities are

signatory to the Robinson-Superior Treaty of 1850. 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.

About the Thunder Bay North Critical Minerals Project

Clean Air Metals' flagship asset is the 100% owned, high grade Thunder Bay North Critical Minerals

Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay,

Ontario and the Lac des Iles Mine owned by Impala Platinum. The Thunder Bay North Project hosts

an indicated resource of 13.8Mt containing 1.2M ounces of 2PGE (Pt+Pd), 56,800 tonnes of Cu

and 33,800 tonnes of Ni between the twin magmatic intrusions (chonoliths) known as the Current

and Escape deposits as announced May 4th in an updated mineral resource estimate. Both

deposits plunge to the southeast and remain open, the focus of ongoing exploration.

CEO Jim Gallagher and COO Mike Garbutt lead an experienced technical team who are using an

orthomagmatic mineral deposit model to guide ongoing exploration and development studies for

a for potential mine development on the Thunder Bay North project. As the former CEO of North

American Palladium Ltd. which owned the Lac des Iles Mine prior to the sale to Impala Platinum

in December 2019, Jim Gallagher and team are credited with the mine turnaround and creation

of significant value for shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Gallagher"

Jim Gallagher, Chief Executive Officer of Clean Air Metals Inc.

For further information, please contact:

Jim Gallagher, Chief Executive Officer of Clean Air Metals Inc.

Phone: 705 690 7997

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, including statements regarding the potential of the Thunder Bay

North Project and the Escape and Current deposits and timing of technical studies includ ing

prefeasibility studies and updated mineral resource estimates. Forward-looking statements relate

to information that is based on assumptions of management, forecasts of future results, and

estimates 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: 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 and 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 Company'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 projection.