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ENRG.V ·

New Energy Metals Announces Uplisting to OTCQB

Listings & Exchange

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New Energy Metals Announces Uplisting to OTCQB

Vancouver, British Columbia, June 20, 2023 New Energy Metals Corp. (TSXV: ENRG) (OTCQB: NRGYF) (“New

Energy” or the “Company “) is pleased to announce its successful uplisting from the OTC Pink Open market

to the OTCQB® Venture Market (the “OTCQB”). New Energy’s common shares will begin trading on the OTCQB

under the existing symbol “NRGYF” as of the opening of market on Wednesday, June 21, 2023.

The OTCQB, operated by the OTC Markets Group Inc., is a premier and established marketplace for

entrepreneurial and development stage U.S. and international companies. With more compliance and quality

standards, the OTCQB provides a strong baseline of tran sparency to improve the information and trading

experience for investors. The OTCQB is recognized by the U.S. Securities and Exchange Commission as an

established public market providing public information for analysis and value of securities. Shareholders and

potential investors can access real-time stock quotes, financial information, and company updates through

various financial data platforms, brokerages and the OTC Markets Group's website,

www.otcmarkets.com/stock/nrgyf.

Rishi Kwatra, CEO, commented, “The uplisting reflects our dedication to creating long -term value for our

shareholders and underscores our commitment to maintaining the highest standards of transparency and

corporate governance. We believe this move will enhance our visibility within th e investment community,

attract a broader investor base, and provide greater liquidity for our shareholders."

The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “ENRG”.

ON BEHALF OF THE BOARD OF DIRECTORS,

New Energy Metals Corp.

Rishi Kwatra

CEO & Director

#610 – 700 West Pender Street

Vancouver, BC V6C 1G8 Canada

Tel: 604-669-9788

www.new-enrg.com

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About New Energy Metals Corp.

New Energy is a Canadian -based resource company listed on the TSX Venture Exchange under the symbol

ENRG. The Company has an option to purchase a 100 -per-cent interest in the Roslyn lithium property,

covering 5,100 hectares located 20 kilometers southeast of the Georgia Lake pegmatite field and 35

kilometers southeast of where Rock Tech Lithium just published a preliminary economic assessment

supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88 per cent lithium oxide and

an inferred mineral resource of 4.2 Mt grading 1.0 per cent Li2O. The Company also has an option to purchase

a 100-per-cent interest in the Troitsa copper property covering approximately 7,000 hectares located in the

Omineca mining division of British Columbia.

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.

Cautionary Statement on Forward Looking Information

Certain statements made, and information contained herein may constitute “forward looking information”

and “forward looking statements” within the meaning of applicable Canadian and United States securities

legislation. These statements and information are based on facts currently available to the Company and there

is no assurance that actual results will meet management’s expectations. Forward- looking statements and

information may be identified by such terms as “anticipates”, “believes”, “targets”, “estim ates”, “plans”,

“expects”, “may”, “will”, “speculates”, “could” or “would”.

All of the forward -looking statements made in this document are qualified by these cautionary statements.

Although the Company has attempted to identify important factors that coul d cause actual results to differ

materially from those contained in forward-looking information, there may be other factors that cause results

not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is

not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks

and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary

materially from those described in forward-looking information. Accordingly, there can be no assurance that

forward-looking information will prove to be accurate and forward-looking information is not a guarantee of

future performance. Readers are advised not to place undue reliance on forward- looking information. The

forward-looking information contained herein speaks only as of the date of this document. The Company

disclaims any intention or obligation to update or revise forward– looking information or to explain any

material difference between such and subsequent actual events, except as required by applicable law.