EEMMF) (the "Company" or "E3 Metals"), announces as part of E3 Metals staff incentive program and in recognition of the hard work by the staff and directors that led a very successful 2020, E3 Metals has issued 840,000 incentive stock options (the “Options”), with an exercise price of $1.38

CALGARY, ALBERTA, January 13, 2021 – E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:

EEMMF) (the "Company" or "E3 Metals"), announces as part of E3 Metals staff incentive program

and in recognition of the hard work by the staff and directors that led a very successful 2020, E3

Metals has issued 840,000 incentive stock options (the “Options”), with an exercise price of $1.38

per Option. The options were issued to certain directors, officers, employees and consultants under

its existing stock option plan. The Options are exercisable for a period of three years. The Options

are subject to vesting restrictions over a 2 year period.

ON BEHALF OF THE BOARD OF DIRECTORS,

“Chris Doornbos”

President & CEO

E3 METALS CORP.

Neith

er 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.

E3 Metals Corp. Announces Option Grant

Directors:

Chris Doornbos

Paul Reinhart

Mike O’Hara

Peeyush Varshney

John Pantazopoulos

Suite 2300 – 150 9th Ave SW

Calgary, AB T2P 3H9

Tel: +1 (587) 324-2775

Email: [email protected]

Website: e3metalscorp.com