New Energy Metals Cancels Non-Brokered Private Placement

New Energy Metals Cancels Non-Brokered Private Placement

Vancouver, British Columbia – December 13, 2024 – New Energy Metals Corp. (TSXV: ENRG) (OTCQB:

NRGYF) (“New Energy” or the “Company “) announces that it has decided not to proceed with the

non-brokered private placement previously announced on October 18, 2024.

The Company has made this decision as part of an ongoing review of timing and strategy for its

financing initiatives. New Energy remains committed to raising capital through a private placement

at a future date, aligning with its broader goals and shareholder interests.

ON BEHALF OF THE BOARD OF DIRECTORS,

New Energy Metals Corp.

Kenneth Kaczkowski

Chief Executive Officer

Tel: 305-280-4161

www.new-enrg.com

About New Energy Metals Corp.

New Energy Metals Corp. 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% 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 Servic es Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release includes certain "forward- looking statements" under applicable Canadian securities

legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions

that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors

which may cause the actual results and future events to differ materially from those expressed or implied by

such forward-looking statements. All statements that address future plans, activities, events or developments

that the Company believes, expects or anticipates will or may occur are forward -looking information. There

can be no assurance that such statements will prove to be accurate, as actual results and future events could

differ materially from those anticipated in such statements. Accordingly, readers should not place undue

reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise

any forward-looking statements, whether as a result of new information, future events or otherwise, except as

required by law.