African Energy Metals Files NI-43-101 Report ON Ninobamba

AFRICAN ENERGY METALS FILES NI-43-101 REPORT ON NINOBAMBA

Vancouver, British Columbia - (March 6, 2025) – African Energy Metals Inc. (NEX: CUCO.H;

FSE: BC2; WKN: A3DEJG) (“African Energy Metals” or the “Company”) announces the TSXV

has accepted for filing its National Instrument 43-101 technical report (the “ Report”) on the

Niñobamba silver-gold project, prepared by James A. McCrea , P. Geo. with an effective date of

January 21, 2025. The Report is now available for review on SEDAR+ (www.sedarplus.ca).

The Report is part of the Company’s reactivation from NEX board to Tier 2 (the “Reactivation”) of

the TSX Venture Exchange (the “Exchange”), in connection with the Company’s option agreement

dated January 20, 2025, with Rio Silver Inc. to acquire a 100% interest in the Niñobamba advanced

silver gold project (the “Project”) located in Peru. The TSXV has provided conditional acceptance

of the Reactivation subject to , among other things, the closing of the Company’s previously

announced $1,000,000 private placement financing and payment of the Exchange’s fees.

About African Energy Metals

African Energy Metals is a natural resource company with a focus on the acquisition, exploration,

development, and operation of precious metal mining exploration projects. The Company’s primary

focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining

supportive country of Peru.

For further information, please contact African Energy Metals:

Stephen Barley, Executive Chairman

Jason Baker, Chief Financial Officer

Phone: +1-604-252-2672

Email: [email protected]

Website: www.africanenergymetals.com

Reader Advisory

Neither 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 may contain forward-looking information within the meaning of applicable securities laws. All information

and statements other than statements of current or historical facts contained in this news release are forward- looking

information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here

and elsewhere in African Energy Metals’ periodic filings with Canadian securities regulators. When used in this news

release, words su ch as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar

expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not

contain all available material information.

Forward-looking statements include those in relation to African Energy Metals’ ability to close on the acquisition of the

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Niñobamba Project; in relation to satisfying TSX Venture Exchange and NEX Exchange requirements in connection with the

acquisition and the R eactivation; completion of the financing and African Energy Metals’ expectations regarding the

potential for economic mineralization on the Niñobamba Project. Although African Energy Metals believes the expectations

reflected in such forward- looking statements are based on reasonable assumptions, it can’t make any assurances that its

expectations will be achieved. Such assumptions may prove incorrect.

Although African Energy Metals has attempted to identify important factors that could cause actual results, performance, or

achievements to differ materially from those contained in the forward- looking statements, there can be other factors that

cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that

such information will prove to be accurate or that management's expectations or estimates of future developments,

circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any

events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so,

what benefits that African Ener gy Metals will derive therefrom. Accordingly, readers should not place undue reliance on

forward-looking statements.

The forward-looking statements in this news release are made as of the date of this news release, and African Energy Metals

disclaims any intention or obligation to update or revise such information, except as required by applicable law.