African Energy Metals Commences Trading

African Energy Metals Inc. Suite 1080, 789 West Pender Street, Vancouver, B.C., Canada, V6C 1H2 1

AFRICAN ENERGY METALS COMMENCES TRADING

Vancouver, British Columbia - (February 7, 2022) – African Energy Metals Inc. (TSXV:

CUCO; FSE: BC21; OTCQB: NDENF) (“ African Energy Metals” or the “ Company ”) is

pleased to announce it has completed a corporate na me change and will begin trading on the

TSX Venture Exchange under a new stock ticker symbo l “ CUCO” at the start of trading on

today’s date.

Stephen Barley, Executive Chairman stated: “The move to electrification and EV’s coupled with

decarbonization to achieve net zero global warming goals, has and will continue to increase the

demand for energy metals and in particular copper, cobalt, and lithium energy metals. The DRC

produces over 70% of the worlds annual supply of co balt, has what will become the world’s

largest and richest copper mine, and has the world’ s largest lithium deposit. The Company has

had a presence in the DRC for over eight years and is poised to take advantage of what will be a

deficit in the supply of energy metals. The change of our corporate name to African Energy

Metals is an indication of a renewal of our original focus on the metals of the utmost importance

for clean energy. Our compelling and aggressive car bon credit program reflects African Energy

Metals commitment to the environment and sustainable alternate energy.”

About African Energy Metals

African Energy Metals is a natural resource compan y with a focus on the acquisition,

exploration, development, and operation of copper, cobalt, and lithium energy metals projects in

the DRC. The Company is implementing a carbon credi t program complementary to mining

operations. The carbon credit program will meet imp ortant ESG requirements and present an

opportunity for a significant early revenue stream. African Energy Metals has the intention to

acquire interests in additional concessions or reli nquish concessions in the normal course of

business. African Energy Metals has an experienced management team located in the DRC.

For further information, please contact:

Stephen Barley, Executive Chairman

Phone: (604-834-2968)

Email: [email protected]

Website: www.africanenergymetals.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain “forward-looking info rmation” within the meaning of applicable securitie s laws.

Although the Company believes considering the exper ience of its officers and directors, current condit ions and expected

future developments and other factors that have bee n considered appropriate, that the expectations ref lected in this

forward-looking information are reasonable, undue r eliance should not be placed on them as the Company can give no

African Energy Metals Inc. Suite 1080, 789 West Pender Street, Vancouver, B.C., Canada, V6C 1H2 2

assurance that they will prove to be correct. Actua l results and developments may differ materially fr om those

contemplated by these statements. The statements in this press release are made as of the date of this release. The

Company undertakes no obligation to comment on anal yses, expectations or statements made by third part ies in respect

of the Company its securities, or its financial or operating results.