Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

ENRG.V ·

New Energy Metals Announces Effective Date of Share Consolidation

Corporate Actions

LC157629-1

#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3

Phone: 604-484-1232 / Fax: 604-408-7499

NEW ENERGY METALS ANNOUNCES EFFECTIVE DATE

OF SHARE CONSOLIDATION

NR19-04 April 5, 2019

Vancouver, B.C. – New Energy Metals Corp. ("New Energy Metals" or the "Company")

(TSX.V:ENRG) (OTC:NEMCF) announces that, further to the Company 's news release dated

March 7, 2019, it has obtained approval from the TSX Venture Ex change (the "TSX-V") for the

consolidation of its issued and outstanding common shares (each , a "Share") on the basis of (1)

post-consolidation Share for every eight (8) pre-consolidation Shares (the "Consolidation").

The Company's Shares are expected to begin trading on a post-co nsolidation basis under the

same trading symbol at market open on Friday, April 5, 2019. T he Consolidation will reduce the

Company's issued and outstanding Shares from 45,016,001 Shares to approximately 5,627,000

S h a r e s . T h e C o m p a n y ' s n e w C U S IP n u m b e r a n d I S I N f o r t h e S h a r e s will be 643844202 and

CA6438442023, respectively.

Registered shareholders will receive a letter of transmittal fr om Computershare Investor Services

Inc., the transfer agent for the Shares, describing the process by which shareholders may obtain

new certificates representing th eir post-consolidation common s hares. Shares held in

uncertificated form by non-registered shareholders through brokerage accounts will be converted

through each shareholder's brokerage accounts. Non-registered shareholders should consult their

broker for further information.

About the Company

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

The Company's assets include the Cristal copper project located in northern Chile and several

prospective cobalt projects in Chile's past producing San Juan cobalt district.

On behalf of New Energy Metals Corp.

César López, President & CEO

T: 604.484-1232

E: [email protected]

W: www.newenergymetals.ca

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

NR19-04 Continued 2 April 5, 2019

LC157629-1

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, without limitation, the effective date of the Consolidation, the mailing by

Computershare Investor Services Inc. of letters of transmitta l to shareholders of the Company, the amount of issued

and outstanding Shares after the completion of the Consolidation, and 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 identifie d by words such as: "believes", "will", "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, actual results of exploration activities, the fact that the Company’s interests in its mineral

properties are only options and there is no guarantee that the interests, if earned, will be certain, requirements for

additional capital, future prices of precious metals, copper and cobalt, 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 ob tain any necessary governmental and regulat ory approvals (including TSX-V approval),

changes in laws, regulations and policies affecting mining operations, hedging practices and currency fluctuations,

as well as those factors discussed under the heading "R isks 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 information in this news release or

incorporated by reference herein.