New Energy Metals Provides Corporate Update
#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499
NEW ENERGY METALS PROVIDES CORPORATE UPDATE
NR19-12 December 2, 2019
Vancouver, B.C. – New Energy Metals Corp. ("New Energy Metals" or the "Company")
(TSX.V: ENRG) (OTC: NEMCF) announces that it has completed a comprehensive review of its
mineral claim portfolio, including the Company's option to acqu ire a 70% royalty-free interest in
and to certain exploration and exploitation mineral concessions (the "Option") comprising the
Carmen, Elvira, Gran Elbita and Nevenka projects (collectively, the "Exploradora North
Project") located in the II and III Regions of Northern Chile.
Following several attempts to renegotiate the original terms of the Option with the vendors of the
Exploradora North Project, the board of directors of the Compan y (the "Board") has decided to
relinquish the Option. The Option was formally terminated on F riday, November 29, 2019, and
the Company will not be subject to any further obligations in r espect of the Exploradora North
Project.
At present, the Board and management of the Company are evaluat ing several opportunities that
could build the shareholder value the Company remains committed to creating.
About the Company
New Energy Metals is focused on the exploration and development of energy metals in Chile.
The Company's assets include several prospective cobalt project s in Chile's past producing San
Juan cobalt district.
On behalf of New Energy Metals Corp.
César López, President & CEO
T: 604.484-1232
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 the anticipated business plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such statem ents 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", "w ill", "expects", "anticipates", "intends", "estimates", "plans", "may", "should",
"potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature,
NR19-12 Continued 2 December 2, 2019
refer to future events or results that may, could, would, might or will occur or be taken or achieved.
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 statements. Such risks and other factors
include, among others, requirements for additional capital, future prices of precious metals, cobalt and copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, other risks of the mining industry, the inab ility to obtain any necessary governmental and regulatory
approvals, changes in laws, regulations and policies affecting mining operations, hedging practices and currency
fluctuations, 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 Co mpany'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.