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Electric Metals (USA) Limited Announces Appointment of Chief Executive Officer

Management Changes

ELECTRIC METALS (USA) LIMITED ANNOUNCES APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Toronto, Ontario, February 1, 2024: Electric Metals (USA) Limited (“EML” or the “Company”) (TSXV: EML)

(OTCQB: EMUSF) is delighted to announce the appointment of Mr. Brian Savage to the posi�on of

President and Chief Execu�ve Officer, effec�ve today. Mr. Savage replaces Mr. Gary Lewis who has resigned

all posi�ons with the Company. The Board thanks Mr. Lewis for his service to the Company and wishes him

well in his future endeavours.

The main goal for Mr. Savage is to further the evalua�on and advancement of the Emily Manganese Project

in Central Minnesota and to transi�on the project from a resource to an opera�ng mine and high purity

manganese processing plant. Mr. Savage is eminently suited to this role. An American ci�zen and resident

of Colorado, he holds an MSc in Mineral Economics and a BSc in Mining Engineering from the Colorado

School of Mines.

Mr. Savage has a long history of iden�fying, building, transforming and growing businesses in the mining

and metals industry. His most recent project has been the forma�on of a joint venture to restart the

shipping of manganese from the Kisenge mine facility in the Democra�c Republic of the Congo.

Mr. Savage has a wealth of experience in explora�on, development, produc�on and project financing. He

has spent years developing mining projects in various countries including Kazakhstan, Russia, Guinea and

the Congo, as well as a number of opera�ons in the United States . He has worked with a large range of

stakeholders, including property owners, local communi�es, governmental and interna�onal en��es and

shareholders.

Mr. Savage stated “I am thrilled to join Electric Metals. We believe the Emily Manganese Project represents

the highest grade manganese deposit in North America and offers an exci�ng opportunity to develop high-

value high-purity manganese products for the electric vehicle and energy storage sector, filling a crucial

gap in the US market“. The Board of Electric Metals is confident that Mr. Savage has the right experience

to advance the Emily Manganese Deposit from a geologic, technical, economic and environmental

viewpoint, while maintaining a stewardship that is in the best interest of all stakeholders. During the last

year the company has expended great effort in explora�on drilling with the aim to further quan�fy the

Emily Deposit. In the near future the C ompany expects to be able to announce an up dated mineral

resource and the results of the ongoing metallurgical laboratory research tes�ng of the ability of Electrical

Metals to produce batery grade high purity manganese sulphate monohydrate (HPMSM) and other high-

grade manganese products from the Emily Manganese Project.

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral development company

with manganese and silver projects geared to suppor�ng the transi�on to clean energy. The Company’s

principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable

technical studies, including a Na�onal Instrument 43-101 Technical Report – Resource Es�mate, with over

US$26 million invested t o d a t e . T h e C o m p a n y ’ s m i s s i o n i n M i n n e s o t a i s t o b e c o m e a d o m e s � c U . S .

producer of high purity, high-value manganese metal and chemical products for supply to U.S. energy,

technology and industrial markets. With manganese playing a cri�cal and prominent role in lithium -ion

batery formula�ons, and with no current domes�c supply or ac�ve mines for manganese in North

America, the development of the Emily Manganese Project represents a significant opportunity for

America, the State of Minnesota and for the Company’s shareholders.

For further informa�on, please contact:

Electric Metals (USA) Limited

Oliver Lennox-King

Chair of the Board

(416) 948-5699

[email protected]

Neither the TSX Venture Exchange nor its Regula�on 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.

Forward-Looking Information

This news release contains “forward-looking informa�on” and “forward-looking statements” (collec�vely,

“forward-looking informa�on”) within the meaning of applicable securi�es laws. Forward -looking

informa�on is generally iden�fiable by use of the wo rds “believes,” “may,” “plans,” “will,” “an�cipates,”

“intends,” “could”, “es�mates”, “expects”, “forecasts”, “projects” and similar expressions, and the nega�ve

of such expressions.

Forward-looking statements in this news release include, but are not limited to, statements with respect

to the appointment of Mr. Savage as Chief Execu�ve Officer , the announcement of an updated mineral

resource and the results of the metallurgical laboratory research tes�ng of the ability of Electrical Metals

to produce batery grade high purity manganese sulphate monohydrate (HPMSM) and other high-grade

manganese products from the Emily Manganese Project.

These statements address future events and condi�ons and so involve inherent risks, uncertain�es and

other factors that could cause actual events or results to differ materially from es�mated or an�cipated

events or results implied or expressed in such forward-looking statements. Such risks include, but are not

limited to, the failure to obtain all necessary stock exchange and regulatory approvals. Forward-looking

informa�on is based on the reasonable assump�ons, es�mates, analysis and opinions of m anagement

made in light of its experience and percep�on of trends, current condi�ons and expected developments,

and other factors that management believes are relevant and reasonable in the circumstances at the date

such statements are made. Although the Company has atempted to iden�fy important factors that could

cause actual results to differ materially from those contained in forward -looking informa�on, there may

be other factors that cause results not to be as an�cipated. There can be no assurance that such

informa�on will prove to be accurate, as actual results and future events could differ materially from those

an�cipated in such informa�on. Accordingly, readers should not place undue reliance on forward-looking

informa�on.

All forward-looking informa�on herein is qualified in its en�rety by this cau�onary statement, and the

Company disclaims any obliga�on to revise or update any such forward-looking informa�on or to publicly

announce the result of any revisions to any of the forward-looking informa�on contained herein to reflect

future results, events, or developments, except as required by law.