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ENRG.V ·

New Energy Metals Announces Management Change and Appointment to the Board of Directors

Management Changes

LC135130-1

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

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

NEW ENERGY METALS ANNOUNCES MANAGEMENT

CHANGE AND APPOINTMENT TO THE BOARD OF DIRECTORS

NR18-16 November 1, 2018

Vancouver, B.C., November 1, 2018 – New Energy Metals Corp. (“New Energy Metals” or

the “Company”) (TSX.V: ENRG) (OTC: NEMCF) is pleased to announce that

Mr. Stefan Schauss has been appointed to the Company’s board of directors, effective

November 1, 2018.

Mr. Schauss has over 20 years of sales and business development experience, with a particular

focus, in recent years, on the i ntegration of electric vehicle infrastructure in both residential and

industrial areas. He has also served in product management and business development roles for

several companies regarding semiconductors, integrated circuits, and other electronic goods. Mr.

Schauss is currently an independent consultant, and prior to th at, he was head of sales for

Gildemeister Energy Storage GmbH, Austria, which was a world le ader in the development of

vanadium redox flow batteries. Mr. Schauss has an M.Sc. in Physics from The University Mainz,

Germany. His experience will be an asset to the Company.

The Company also announces that Mr. Grant Ewing has resigned as President, CEO and director

of the Company, effective November 1, 2018. The Board of Direc tors would like to express its

appreciation for Mr. Ewing’s contributions to the Company, and wishes him well with his future

endeavours.

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, several prospective

cobalt projects in Chile’s past producing San Juan cobalt district, and a lithium project in Chile’s

Atacama salar district.

On behalf of New Energy Metals Corp.

Marla Ritchie, Corporate Secretary

T: 604.638.3886

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.

NR18-16 Continued 2 November 1, 2018

LC135130-1

Cautionary Note Regarding Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information

contained herein. This news release may contain certain “forwa rd-looking statements”. O ther than statements of

historical fact, all statements included in this release, including, without limitation, statements regarding future plans

and objectives of the Company, are forward-looking statements t hat involve various risks and uncertainties. There

can be no assurance that such statements will prove to be accur ate, and actual results and future events could differ

materially from those anticipated in such statements. Importan t factors that could cause actual results to differ

materially from the Company’s expectations are the risks detailed herein and from time to time in the filings made by

the Company with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.