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ENRG.V ·

New Energy Metals Engages Independent Trading Group and Native Ads Inc.

Corporate Updates

610 -700 West Pender Street, Vancouver, BC V6C 1G8, Canada

Tel: (604) 669-9788; Fax: (604) 669-9768

www.new-enrg.com

NEW ENERGY METALS ENGAGES INDEPENDENT TRADING GROUP

AND NATIVE ADS INC.

Vancouver, British Columbia – (March 21, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTCPink:

NEMCF) (“New Energy” or the “ Company“) is pleased to announce that it has entered into a market-

making agreement with Independent Trading Group Inc. (“ITG”) pursuant to which ITG will provide

market-making services to the Company . ITG will trade the shares of the Company on the TSX Venture

Exchange (the “Exchange” or “ TSXV”) and other marketplaces, as applicable, to maintain a reasonable

market and improve liquidity for the Company's common shares. The agreement is effective March 16,

2023, and has an initial term of three months which will automatically renew for additional one-month

terms unless terminated by either party on 30 days ’ notice. Pursuant to the Agreement, ITG will receive

compensation of $5,000 per month, payable monthly in advance.

In addition, the Company has entered into a service agreement with Native Ads Inc. (“Native Ads”) dated

March 17, 2023, pursuant to which Native Ads will provide a marketing campaign for a total retainer of

up to US$250,000, with a term of six months or until the retainer is depleted. Under the agreement, Native

Ads will execute a comprehensive digital media advertising campaign for the Company which includes

content creation, web development, media buying and distribution, advertising creative development,

search engine optimization, campaign reporting and optimization.

ITG and Native Ads (the “ Service Providers”) will provide services in accordance with the policies of the

Exchange. There are no performance factors contained in the Service Providers’ agreements, and they will

not receive shares, options or other securities as compensation.

The Company is at arm’s length with the Service Providers, and neither of the Service Providers nor their

principals have any interest, directly or indirectly, in the securities of the Company or any right o r intent

to acquire such an interest.

The agreements with the Service Providers are subject to the approval of the Exchange.

About Independent Trading Group Inc.

Independent Trading Group Inc. is a Toronto based IIROC dealer- member that specializes in market

making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic

trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has

leveraged its own proprietary technology to deliver high quality liquidity provision and execution services

to a broad array of public issuers and institutional investors.

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About Native Ads Inc.

Native Ads Inc. is a full-service advertising agency that owns and operates a proprietary ad exchange with

over 80 integrated SSPs (supply -side platforms) resulting in daily access to three to seven billion North

American ad impressions. It is the only digital agency serving public companies that owns both its own ad

network, as well as a financial publisher network.

On Behalf of the Board,

NEW ENERGY METALS CORP.

Rishi Kwatra

CEO

(604) 669-9788

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 Roslyn Lithium

property, covering 5,100 hectares located 20 km southeast o f the Georgia Lake Pegmatite Field and 35

km southeast of where Rock Tech Lithium just published a PEA supporting the indicated mineral resource

of 10.6 Mt (million tonnes) grading 0.88% Li2O and an inferred mineral resource of 4.2 Mt grading 1.0%

Li2O(https://www.rocktechlithium.com/news/georgia-lake-project:-pre-feasibility-study-published). The

Company also 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.

Statement Regarding Forward-Looking Information

This news release contains statements that constitute "forward-looking statements." Such forward looking

statements involve known and unknown risks, uncertainties and other factors that may cause actual

results, performance or achievements, or developments in the industry to differ materially from the

anticipated results, performance or achievements expressed or implied by such forward- looking

statements. Forward looking statements are statements that are not historical facts and are generally, but

not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates,"

"projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could"

or "should" occur.

Forward-looking statements in this document include statements regarding the Company's expectations

regarding the provision of services to the Company by ITG and Native Ads, the costs related thereto, the

approval of the TSX Venture Exchange of the Company's agreement with ITG and Native Ads, and other

statements that are not historical facts. By their nature, forward- looking statements involve known and

unknown risks, uncertainties and other factors which may cause our actual results, performance or

achievements, or other future events, to be materially different from any future results, performance or

achievements expressed or implied by such forward- looking statements. Such factors and risks include,

among others: the Company may choose to defer, accelerate, or abandon its plans with respect to ITG and

Native Ads and their services; and the TSX Venture Exchange may refuse to grant approval of the

agreement with ITG and Native Ads.

When relying on forward- looking statements and information to make decisions, investors and others

should carefully consider the foregoing factors and risks and other uncertainties and potential events. The

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Company has assumed that the material factors referred to in the previous paragraphs will not cause such

forward-looking statements and information to differ materially from actual results or events. However,

the list of these factors is not exhaustive and is subject to change and there can be no assurance that such

assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place

undue reliance on any forward-looking information. Such information, although considered reasonable by

management at the time of preparation, may prove to be incorrect and actual results may differ materially

from those anticipated. Forward-looking statements contained in this news release are expressly qualified

by this cautionary statement. The forward-looking statements contained in this news release are made as

of the date of this news release. The Company does not intend, and expressly 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.

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.