New Energy Metals Announces Results of Soil Sampling Program at Exxeter GOLD Project
LC137418-1
#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499
NEW ENERGY METALS ANNOUNCES RESULTS OF SOIL SAMPLING PROGRAM AT
EXXETER GOLD PROJECT
NR18-19 November 27, 2018
Vancouver, B.C. – New Energy Metals Corp. ( "New Energy Metals " or the " Company")
(TSX.V:ENRG) (OTC: NEMCF) announces results of the detailed soil sampling program (the "Program")
at its Exxeter Gold Project (the " Project") situated approximately 45 kilometres east of Val d'Or, Quebe c
(see news release dated October 19, 2018). The objective of the Program was to focus on target areas where
geophysical and geochemical anomalies were identified in earlier programs.
The Project consists of 13 mineral tenures with a total area of 748.38 hectares and overlies the Abitibi
greenstone belt within the Val d’Or Formation of the Superior Province., in Northwestern Québec, Canada
(see technical report entitled "Technical Report on the Exxeter Property" dated October 2, 2017, and filed
on the Company's SEDAR profile (the "Technical Report")).
The soil samples were collected at 50 metre, and occasionally 2 5 metre, intervals and fill-in sampling was
completed in previously anomalous areas to provide proper conto uring of anomalous metal-in-soil values
(see Figure 1 below). A total of 366 new soil samples were col lected under the Program and sent to ALS
Global Laboratories ("ALS"), an accredited geochemical laboratory in Val d'Or, Quebec, for analysis.
Figure 1. Soil Sampling Interval Locations for 2016 and 2018 Soil Sampling
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Highlights
soil sampling results show two polymetallic soil anomaly zones and one zone anomalous with
precious metals in soil; and
all soil anomalous zones are associated with what appears to be an anomaly in the residual
magnetics and there are induced polarization ("IP") anomalies associated with the soil anomalies.
Of the 366 soil samples, 305 assayed at 5 parts per billion (" ppb") Au or less while 61 samples assayed at
higher than 5 ppb Au, with the highest sample returning results of 260 ppb Au (0 .26g/t Au). Many of the
anomalous gold samples were located proximal to one another and none of the samples that had anomalous
gold values were strongly anomalous in any base metal. The map in Figure 2 below includes soil samples
from both the Program and a 2016 program (further information o n the 2016 program can be found in the
Technical Report) conducted by Exploration Facilitation Unlimited Inc.
Figure 2. Location of 2016 and 2018 Soil Samples and Gold Values
Anomalous copper, cobalt and zinc v alues were also detected in the samples. The mean value of copper
was 8 parts per million ("ppm") Cu, while cobalt and zinc had mean values of 4.2 ppm Co and 21 ppm Zn,
respectively. Zinc assay values were generally much higher tha n copper or cobalt, with 33 samples that
can be considered anomalous. Of note, five samples from the Program that were anomalous for copper also
qualified as anomalous for zinc. The anomalous values tended to be in clusters and those clusters indicate
polymetallic anomalies with zinc, copper, and cobalt all anomalous in the same areas, which areas coincide
New Energy Metals Corp.
NR18-18 Continued 3 November 27, 2018
with IP anomalies, potential conductors, and structural features. The Company is not aware of any factors
that could materially affect the accuracy or reliability of the data referred to in this news release.
Quality Assurance / Quality Control
ALS Val-d'Or's quality management system operates in accordance with ISO/IEC 17025:2005 (CAN-P-
4E) and is also compliant with CAN-P-1579 Guidelines for Minera l Analysis Testing Laboratories. The
management system and methods a re accredited by the Standards C ouncil of Canada. The laboratory
employs comprehensive quality control programs to monitor sampl e preparation and analysis. Quality
control measures include the use of barren material to clean sa mple equipment in between batches.
Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference materials, and
replicate samples. Bar coding and scanning technology provide c omplete chain of custody records for
sample preparation and analytical process.
Qualified Person
Justin Rensby, P.Geo., is a qualified person as defined by Nati onal Instrument 43-101 Standards of
Disclosure for Mineral Projects, and has reviewed the scientific and technical information tha t forms the
basis of this news release and has approved the disclosure here in. Mr. Rensby is independent of the
Company.
About the Company
New Energy Metals is focused on th e exploration and development o f energy metals i n C h i l e . T h e
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 Lopez, CEO & President
T: 604.638.3886
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.
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 lim itation, anticipated results from exp loration activities 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 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. In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, market fundamentals will result in sustained precious metals
demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the
future development of the Company's projects in a timely manner, the ava ilability of financing on suitable terms for
New Energy Metals Corp.
NR18-18 Continued 4 November 27, 2018
the development, construction and continued operation of the Company projects, and the Company's ability to comply
with environmental, health and safety laws.
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 information. Such risks and other factors include,
among others, the ability of the Company to obtain sufficient financing to fund its business activities and plans,
operating and technical difficulties in connection with mine ral exploration and development and mine development
activities for the Project and the Company's projects generally ,including the Program and the geological mapping,
prospecting and sampling programs for the Company's project s, actual results of exploration activities, the timing
and amount of estimated future production, costs of produ ction, capital expenditures, requirements for additional
capital, future prices of precious metals, cobalt, zinc and copper, changes in general economic conditions, changes
in the financial markets and in the demand and market price for commodities, possible variations in ore grade or
recovery rates, possible failures of plants or processes to operate as anticipated, other risks of the mining industry,
the inability to obta in any necessary governmental and regulatory approvals (inc luding TSX Venture Exchange
approval), permits or financing or in the completion of development or construction activities, changes in laws,
regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims
limitations on insurance coverage, risks related to joint venture operations, and risks related to the integration of
acquisitions, 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 information in this news release or
incorporated by reference herein.