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METL.CN ·

Metalite Announces the Appointment of Mario A. Miranda to the Board of Directors

Management Changes

Metalite Announces the Appointment of Mario A. Miranda

to the Board of Directors

Toronto, ON, May 10, 2023 – Metalite Resources Inc. (CSE:METL) (OTC PINK:JNCCF)

(Frankfurt:5VHA) ("Metalite" or the " Company") is pleased to announce the appointment of Mario A.

Miranda to the Company’s board of directors. Mr. Miranda replaces Michael Singer, who has stepped

down to pursue other business ventures.

Mr. Miranda is a Canadian Chartered Professional Accountant with over 20 years’ experience in the

natural resources and energy industry. He has broad experience in corporate finance, financial reporting,

regulatory and compliance. Mr. Miranda is presently the Chief Financial Officer of New Stratus Energy

Inc., a TSXV-listed Oil and Gas producer. Mario has held numerous other senior positions in the resource

sector including former Chief Financial Officer of Snow Lake Lithium, a Nasdaq listed lithium

exploration company, interim Director of Financial Reporting and budgeting for Kinross Gold Corp. and

the Chief Financial Officer of Lake Shore Gold Corp. Mr. Miranda holds a Bachelors in Economics from

Concordia University, a Graduate Diploma in Accounting from McGill University and a Master’s degree

in Finance from Queen’s University.

The appointment of Mr. Miranda is another point of execution in Metalite’s strategy of building out a top-

tier senior leadership team bolstered by a strong board of direct ors with experience in battery m etals

exploration. “We are very pleased t o have Mario join our team at this time ,” said Dave Melling, CEO of

Metalite. “ Mario brings decades of experience in both the North American capital markets and the

resource sector which will be of great benefit to the Company,” Mr. Melling continued “I would also like

to thank Michael Singer for his valued contributions to Metalite and wish him well in the future.”

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian junior mineral expl oration issuer uniquely positioned to generate

incremental shareholder value through its vast battery metals focused license portfolio in Liberia, West

Africa and an extensive precious metals focused project portfolio in NSW, Australia. The Company has 6

Australian projects cover ing over 600 sq km ’s in NSW and includes 67 historical mines and prosp ects

focused on Gold and Silver, along with various indic ator minerals that occur along with these precious

metals.With the recent acquisition of Next Generation Resources with over 3,200 sq. km of land position

in Liberia, the Company has amassed a set of 7 highly prospective licenses that show evidence of high -

potential mi neralization containing various lucrative metals , i ncluding Lithium, REEs, Cobalt, Nickel,

Copper, Zinc, Aluminium and Gold.

For further information please contact:

Ryan Bilodeau

(416) 910-1440

[email protected]

To learn more, please visit https://www.metaliteresources.com/ .

Forward-Looking Statements

This news release contains certain "forward-looking statements." All statements, other than statements of

historic fact, that address activiti es, events or developments that Metalite believes, expects or anticipates

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4872-8748-5503.1

will or may occur in the future are forw ard-looking statements. Forward -looking statements are often,

but not always, identified by the use of words such as "seek," "anticipate," "be lieve," "plan," "estimate,

“expect," and "intend" and statements that an event or result "may," "will," "can," "sh ould," "could," or

"might" occur or be achieved and other similar expressions. These forward-looking statements reflect the

current expectations or beliefs of Metalite based on information currently available to Metalite. Forward-

looking statements are subject to a number of risks and unc ertainties that may cause the actual results of

Metalite to differ materially from those discussed in the for ward-looking statements, and even if such

actual results are realized or substantially realized, there can be no a ssurance that they will have the

expected consequences to, or effect s on Metalite. Factors that could cause actual results or events to

differ materially from current expectations include, among other things, failure to successfully complete

financings, capital and other costs varying sig nificantly from estimates, producti on rates varying from

estimates, changes in world mineral commodity market s, changes in equity markets, uncertainties

relating to the availability and costs of financing needed in the futu re, equipment failure, unexpected

geological conditions, imprecision in resource estimates, success of future development initiatives,

competition, operating performance of facilities, environmental and safety risks, delays in obtaining or

failure to obtain tenure to properties and/or necessary permits and approvals, and other development and

operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except

as may be required by applicable securities laws, Metalite di sclaims any intent or obligation to update

any forward -looking state ment, whether as a result of new information, future events or results or

otherwise. Although Metalite believes that the assumptions inherent in the forward-looking statements are

reasonable, forward-looking statements are not guarantees of future performance and accordingly undue

reliance should not be put on such statements due to the inherent uncertainty therein.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility

for the adequacy or accuracy of this release