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ENRG.V ·

New Energy Metals Announces Director Appointment and Officer Changes

Management Changes

2710 – 200 Granville Street, Vancouver, BC, Canada, V6C 1S4

Phone: 604-638-3886 / Fax: 604-408-7499

NEW ENERGY METALS ANNOUNCES DIRECTOR APPOINTMENT AND OFFICER

CHANGES

NR21-03 December 31, 2021

Vancouver, B.C. – New Energy Metals Corp. ( the "Company") (TSX.V:ENRG)

(OTC:NEMCF) is pleased to announce the appointment of Daniel Schieber as a director of the

Company and Priscilla Ikani as the Company’s new Chief Financial Officer and Corporate

Secretary, all effective December 22, 2021. Ms. Ikani replaces David Cross in the Chief Financial

Officer role and Marla Ritchie in the Corporate Secretary role, each of whom resigned from their

positions earlier this year.

Mr. Schieber established his career in metals and mining finance as an analyst for the Stabilitas

Group of Funds in 2005. In 2009, he co-founded Euroscandic International Group where he raised

upwards of $350M in project financing for specific development projects in the mining sector.

From 2011-2015, he pivoted to Canadian-based farmland investments, ultimately becoming the

Chief Investment Officer at Dynamis Capital Corp., which focuses on long-term, recession-proof

investments with an emphasis on gold and silver. Mr. Schieber is the Chief Executive Officer and

a director of GoldHaven Resources Corp. (CSE:GOH), and has served as a director of several other

public and private companies.

Ms. Ikani has over a decade of experience in financial administration and management for both

public and private companies in the mining sector. She holds a BCom from the Sauder School of

Business at UBC with a specialization in Finance, and currently acts as the Chief Operating Officer

at Dynamis Capital Corp., where she works closely with Mr. Schieber.

The Company looks forward to the contributions of both Mr. Schieber and Ms. Ikani and plans to

integrate them into the New Energy team in the coming weeks.

About the Company

New Energy Metals is focused on the exploration and development of energy metals.

On behalf of New Energy Metals Corp.

Stuart Ross, CEO

T: 604-638-3886

E: [email protected]

W: www.newenergymetals.ca

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.

NR21-03 Continued 2 December 31, 2021

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively,

"forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation,

including the United States Private Securities Litigation Reform Act of 1995. All statements, other than

statements of historical fact included herein, including the anticipated business plans and timing of future

activities of the Company, are forward-looking statements. Although the Company believes that such

statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking statements are typically identified by words such as "believes", "expects", "anticipates",

"intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and

phrases and similar expressions, which, by their nature, refer to future events or results that may, could,

would, might or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to differ materially from any future

results, performance or achievements expressed or implied by the forward-looking statements. Such risks

and other factors include, among others: requirements for additional capital; future prices of precious

metals, copper and lithium; changes in general economic conditions; changes in the financial markets and

in the demand and market price for commodities; other risks of the mining industry; the inability to obtain

any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting

mining operations; hedging practices; currency fluctuations; as well as those factors discussed under the

heading "Risks and Uncertainties" in the Company's most recent management's discussion and analysis

and other filings of the Company with the Canadian Securities Authorities, copies of which can be found

under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise

required by law, the Company undertakes no obligation to update any of the forward-looking statements in

this news release or incorporated by reference herein.