Azarga Metals Shares FOR Debt

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 SHARES FOR DEBT

January 23, 2023 – Vancouver, B.C. - AZARGA METALS CORP. ("Azarga Metals" or the “Company”)

(TSX-V:AZR) reports that it has executed an agreement with a creditor to settle C $100,686.39 in

outstanding debt by the issuance of 4,000,000 common shares valued at C$0.02 5 per share. The shares

for debt settlement is subject to the approval of the TSX Venture Exchange.

AZARGA METALS CORP.

"Gordon Tainton"

Gordon Tainton,

President and Chief Executive Officer

For further information please contact: Doris Meyer, at +1 604 536- 2711 ext. 3, visit

www.azargametals.com. The address of the head office of Azarga Metals is Unit 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.