African Energy Metals Extends Warrant Expiry Date

African Energy Metals Inc.

Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2J7

1

AFRICAN ENERGY METALS EXTENDS WARRANT EXPIRY DATE

Vancouver, British Columbia - (April 20, 2022) – African Energy Metals Inc. (TSXV:

CUCO; FSE: BC21; OTCQB: NDENF; WKN: A3DEJG) (“ African Energy Metals” or

the “ Company ”) is pleased to announce the Company has, subject to TSXV approval,

extended the expiry date of the warrants issued on July 17, 2020 pursuant to its private

placement for a period of one year. All other terms, including the exercise price, remains

the same. The new expiry date for the warrants will be July 17, 2023.

About African Energy Metals

African Energy Metals is a natural resource company 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 credit program

complementary to mining operations. The carbon cred it program will meet important

ESG requirements and present an opportunity for a s ignificant early and long-term

revenue stream. African Energy Metals has the inten tion of acquiring interests in

additional concessions or relinquishing 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 expe rience of its officers and directors, current condi tions and

expected future developments and other factors that have been considered appropriate, that the expecta tions reflected

in this forward-looking information are reasonable, undue reliance should not be placed on them as the Company can

give no assurance that they will prove to be correc t. The statements in this press release are made a s of the date of this

release. The Company undertakes no obligation to c omment on analyses, expectations or statements made by third

parties in respect of the Company its securities, o r its financial or operating results.