Azarga Metals Issues Shares to Baker Steel FOR Semi-Annual Interest

AZARGA METALS CORP.

UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA

www.azargametals.com

FOR IMMEDIATE RELEASE TSX-V: AZR

AZARGA METALS ISSUES SHARES TO BAKER STEEL FOR SEMI-ANNUAL INTEREST

April 15, 2021 – Vancouver, B.C. - AZARGA METALS CORP. ("Azarga Metals " or the

“Company”) (TSX-V:AZR) as announced on 12 April 2021, the Company has issued to Baker

Steel Resources Trust Limited a total of 1 ,505,730 common shares to settle its semi -annual

interest payment of C$188,216 on a US$3.5 million (fixed at C$4,692,550) convertible loan.

About Azarga Metals Corp.

Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur

Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. On completion

of a first phase physical exploration program in 2016- 2018, the Company estimated an Inferred

Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver for the project in the report

entitled “Technical Report and Preliminary Economic Assessment for the Unkur Copper -Silver

Project, Kodar-Udokan, Russian Federation” dated effective 30, August 2018 authored by Tetra

Tech Mining & Minerals.

AZARGA METALS CORP.

"Michael Hopley"

Michael Hopley,

President and Chief Executive Officer

For further information please contact: Doris Meyer, at +1 604 536 -2711 ext. 6, visit

www.azargametals.com, or follow us on Twitter @AzargaMetals. The address of the head office

of Azarga Metals is U nit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia,

Canada.

Neither the TSX Venture Exchange nor its Regulation 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.