E3 Metals Establishes Technical Advisory Board and Announces Non-Brokered Private Placement

E3 Metals Establishes Technical Advisory

Board and Announces Non-Brokered Private

Placement

Highlights

E3 Metals has formed a Technical Advisory Board to guide development of its lithium

concentration and extraction technology process design

E3 Metals announces non brokered private placement of up to 3,750,000 units a price of

$.40

per unit for gross proceeds of

$1,500,000

CALGARY

,

June 12, 2018

/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:

EEMMF) (the "Company" or "E3 Metals") is pleased to announce the establishment of a Technical

Advisory Board to guide development of the Company's lithium extraction technology. Two new

advisors, Shaun Presow (PhD Chemistry) and

Mike Dixon

(P.Eng, PhD Process Engineer) will join

existing advisor

Wayne Monnery

(P. Eng, PhD Chemical Engineer) to form the Company's technical

advisory board. Dr. Presow has a background in inorganic chemistry and has worked on lithium

cathode regulatory affairs and technology development with BASF. Dr. Dixon is an experienced

water treatment engineer that has successfully developed and commercialized advanced

desalination membrane technology. Dr. Monnery has successfully designed and built major

processing facilities in

Alberta's

oil and gas industry. All three members bring relevant technical skills

and expertise to E3 Metals as well as experience in commercial technology development. Building on

recently announced concentration technology results, the Technical Advisory Board will provide

guidance to the Company as it continues to develop its lithium concentration and extraction

technology processes.

"The development of a Technical Advisory Board supports our continued focus on advancing the

Company's lithium extraction technology," commented E3 Metals President and CEO

Chris

Doornbos

. "Each member brings a skill set and experience that is in line with E3 Metals'

development plans and we look forward to their close involvement in the Company's growth".

Shaun Presow

Dr. Shaun Presow has an extensive background in inorganic chemistry, graduating with a BSc(Hons)

from the University of Otago in

New Zealand

and a PhD Inorganic Chemistry from the

Ruhr University Bochum in

Germany

. After completing his PhD, he worked as a science advisor at

the European Chemical Industry Council in

Brussels

. Since 2013, Shaun has been working for the

chemical firm BASF in Ludwigshafen,

Germany

. His previous role in the Catalysts Division, which

includes lithium ion battery cathode materials, included managing projects involving the research,

manufacturing and commercial departments, as well as liaising with customers on regulatory issues.

Mike Dixon

Dr.

Mike Dixon

is a global expert in desalination and water treatment technology working with

membrane and thermal technologies in

Australia

,

North America

, the Middle East, the

Caribbean

and

Asia

. Mike has worked across the entire value chain with technology manufacturers, water utilities,

oil and gas companies, pharmaceutical companies and research hubs. Mike is the CEO and

Founder of Synauta Inc, an Internet of Things company leveraging opex savings for power and water

utilities by providing cyber security, sensor networks and software. He is also Chief Technology

Officer for WaterNEXT (

Western Canada's

Water technology accelerator). Prior to Synauta, Mike

was Applications Development Manager for NanoH2O, a global provider of reverse osmosis

membranes that leveraged

UCLA

developed nanotechnology to lower the cost of desalination with

over 300 installations in 40+ countries in the three years from market launch. LG Chem acquired

NanoH2O in 2014. Mike is experienced with the development of intellectual property and the

commercialization of new technologies. He has more than 60 publications in international journals and

is an author of several books and book chapters.

Wayne Monnery

Dr.

Wayne Monnery

is E3 Metals' Chief Technical Advisor for extraction and process engineering.

Wayne has a PhD in Chemical Engineering specializing in thermodynamics, physical properties and

process design and has 30+ years' experience in process engineering development and design in

the chemical and petroleum industries. This includes advising on the scale-up from bench scale to

pilot and ultimately commercial scale process facilities with Xergy Processing Inc and ME Resource

Corp. Dr. Monnery is also an Adjunct Associate Professor in Chemical and Petroleum Engineering at

the

University of Calgary

. He is the owner, president and director of Chem-Pet Process Technology

Ltd.

Private Placement

E3 is pleased to announce that it has arranged a non-brokered private placement to raise gross

proceeds of up to

$1,500,000

(the "Offering"). The Offering will consist of the issuance of up to

3,750,000 Units at a price of

$0.40

per Unit for gross proceeds of up to

$1,500,000

. Each Unit shall

consist of one common share of the Company (a "Share") and 1/2 of one Share purchase warrant

(each whole such warrant a "Warrant"). Each whole Warrant shall entitle the holder thereof to

acquire one Share at a price of

$0.60

for a period of 18 months following closing of the Offering (the

"Expiry Date"), subject to acceleration. If at any time between the Expiry Date and the date that is

six months and one day from the closing of the Offering, the 20-day volume weighted average price

(VWAP) of the Company's shares on the TSX Venture Exchange is equal to or greater than

$0.80

,

then the Company may, at its sole option, elect to provide notice (the "Acceleration Notice") to the

holders of the Warrants, which Acceleration Notice may be provided by news release, that the

Warrants will expire at

4:00 p.m.

(

Calgary

time) on the date that is 30 days from the date of the

Acceleration Notice (the "Accelerated Expiry Date"). In such instance, all Warrants that are not

exercised prior to the Accelerated Expiry Date shall expire on the Accelerated Expiry Date.

In connection with the Offering, the Company has agreed to pay finders ("Finders") a cash fee in an

amount up to 7.5% of the gross proceeds of the Offering, to be paid at closing out of the gross

proceeds raised from the Offering. As additional consideration, the Company may grant Share

purchase warrants (the "Finder's Warrants") entitling the Finders to subscribe for up to that number

of Shares equal to 10.0% of the aggregate number of Units sold in the Offering. Subject to

regulatory approval, each Finder's Warrant will be exercisable to acquire one Share of the Company

at a price of

$0.60

for a period of 18 months after the closing date of the Offering, subject to

acceleration on the same terms as the Warrants.

The net proceeds received from the Offering will be used to finance the costs of the Offering, to

support advancement of the Company's lithium brine extraction technology and for general working

capital purposes. All securities issued under the Offering will be subject to a four-month hold period

from the date of issue in accordance with applicable securities laws. The Offering is subject to

acceptance of the TSXV.

About E3 Metals Corp.

E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium

brine projects in

Alberta

. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred)

1

. The Company

has a compelling competitive advantage by virtue of having access to extensive infrastructure built by

the Oil and Gas industry in

Alberta

. This has provided E3 Metals with low finding costs, as the

Company has been able to sample existing wells to define its resource. This infrastructure may also

provide wells and pipelines for a future lithium production operation, potentially reducing the

Company's future capital requirements. The Company's immediate goal is to demonstrate a

commercially viable chemical concentration process and believes this is a key driver to commercial

production of its

Alberta

lithium brine resources. More information about E3 Metals can be found on

our website by visiting:

www.e3metalscorp.com

.

ON BEHALF OF THE BOARD OF DIRECTORS,

Chris Doornbos

, President & CEO

E3 METALS CORP.

Chris Doornbos

(P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by

NI 43-101 and has read and approved the technical information contained in this announcement.

1

E3 Metals has released information on three 43-101 Technical Reports totalling resource of 6.7 Mt

LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE

(inferred), is dated effective

October 27, 2017

, and the North Rocky Resource Area (NRRA)

Technical Report was dated effective

October 27, 2017

, identifies 0.9Mt LCE (inferred). Both

reports are available on SEDAR (

www.sedar.com

). A third report for the Exshaw West Resource

Area (EWRA), identifies 3.9Mt LCE (inferred) and will be released within the next week.

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.

This news release includes certain forward-looking statements concerning the potential of the

Company's projects to produce saleable lithium byproducts, including LCE, the future performance of

our business, its operations and its financial performance and condition, as well as management's

objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by

such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words

referring to future events and results. Forward-looking statements are based on the current opinions

and expectations of management. All forward-looking information is inherently uncertain and subject

to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral

exploration and development, fluctuating commodity prices, the effectiveness and feasibility of

emerging lithium extraction technologies which have not yet been tested or proven on a commercial

scale or on the Company's brine, competitive risks and the availability of financing, as described in

more detail in our recent securities filings available at

www.sedar.com

. Actual events or results may

differ materially from those projected in the forward-looking statements and we caution against

placing undue reliance thereon. We assume no obligation to revise or update these forward-looking

statements except as required by applicable law.

SOURCE

E3 Metals Corp.

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For further information:

#205-227 10th St NW, Calgary, AB, T2N 1V5, +1 (877) 319-7634,

[email protected], e3metalscorp.com

CO: E3 Metals Corp.

CNW 03:05e 12-JUN-18