NAM.V · 2018-01-10 12:00:00

Ground Geophysics Update at the River Valley Platinum Group Metal s Project , Sudbury Mining District, Ontario.  Line cutting is near completion in the footwall region of the River Valley Deposit  Ground IP geophysics

Exploration Programs

201

Ground Geophysics

Update at the

River Valley

Platinum Group Metal

Project

Sudbury Mining District, Ontario.



Line cutting is near completion in the footwall region of the River

Valley Deposit



Ground

IP geophysics

on new footwall

discovery will

commence January

20th

to test

the footwall regions of

the T

4 to T9 anomalies



Footwall PGM mineralization is a new and additional source of PGM

at the River

Valley

project and

will be

included in

the

new

resource model



Updated NI 43

101 resource calculations with WSP Canada have

commence

and will

include all the new data on the deposit and the

recently acquired

southern extension



The new resource calculation

is expected to be

completed in Q1

2018.



Mineralogical testing is ongoing



River Valley is the Largest Undeveloped Primary PGM resource in Canada,

with

3.9Moz PdEq in Measured

Plus

Indicated

including an additional

1.2Moz PdEq

Inferred

and has excellent infrastructure

within

100 kilometers to the Sudbury

Metallurgical complex.



The Price of Pallidum the prominent metal at River Valley is trading at

1,078USD

(Jan

10, 2018)

near its

all

time

high based on limited supply and increasing demand.

January

, 2018

Vancouver, Canada

–

New Age Metals Inc. (TSX

V: NAM; OTCQB: PAWEF;

FSE: P7J.F)

is pleased to

provide an update of exploration activity at the compan

y’s

River Valley

PGM Deposit in Ontario. Field exploration

presently is

concentrated on the upcoming

ground

geophysical survey

WSP

Canada

is currently working on the upgraded 43

101 compliant

resource

calculation

and mineralogical test of the different PGM grades is ongoing.

The geophysical survey will be a high

resolution OreVision® IP survey performed by

Abitibi

Geophysics (Thunder Bay, Ontario).

OreVision IP can reveal targets at four times the depth of

conventional IP without compromising near

surface resolution

The goal of the geophysical

survey is to test the

footwall portion

the main River Valley

PGM Deposit

southward of the

Pine Zone

IP survey

(News Release:

Jun 19

, 2017

)

and

o cover th

e area between target

anomalies

T4 to T9

(Figure 1)

. This area represents a

survey

strike length of approximately

2000 metres.

he linecutting and grid is near completion and the IP crews are scheduled to

mobilize on site

for January

Upon completion of the geophysics, the company

will

outline

a series of

drill program

to test

the

geophysical

anomalies

generated from the

survey.

The goal is to examine the potential for

continuous PGM mineralization into the footwall area of the main

River Valley PGM Deposit.

WSP Canada (News Release:

Sept 7th, 2017

)

is progressing through t

he new

resource

calculation for the River Valley PGM Deposit

under the supervision

of Todd

McCracken,

Manager

Mining

t WSP Canada

The new resource model and calculation

will incorporate

all

the past data,

geophysics,

new drilling since 2012 and the River Valley

Extensions (

Mustang Minerals

ground).

Figure

: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit

Showing

Regions of Upcoming IP Geophysics.

(Image only represents approximately

.5 km of the

overall strike length of the deposit)

In 2016, the company obtained the Mustang Minerals’ southern portion of the River Valley

PGM Deposit (River Valley Extension, News Release

–

Oct 5

, 2016

). This added 4 kilometres of

mineralized strike length to the company’s River Valley PGM Deposit

BOUT

NAM’S PGM DIVISION

NAM’s

flagship project is its

100% owned River Valley PGM Project (

NAM Website

–

River

Valley Project

)

in the Sudbury Mining District of N

orthern

Ontario (100 km east of S

udbury,

Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM

deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22

g/t Platinum, 0.04 g/t Gold,

with a total metal grade of 1.28 g/t

t a cut

off grade of 0.8 g/t

PdEq

for

2,463,000 ounces PGM plus Gold.

his equates to 3,942,910

PdEq

ounces.

In the

Northern portion of the project

(Dana North)

, not including the new high

grade Pine Zone,

there is 24 million tonnes @ 1.58 PdEq.

The River

Valley PGM

Copper

Nickel Sulphide

mineralized zones remain

open to expansion

The company has recently completed a drill

program

on the Pine and

Zones.

ABOUT NAM’S LITHIUM DIVISION

The Company has

five

pegmatite hosted

Lithium Projects in the Winnipeg

River Pegmatite Field,

located in SE Manitoba.

Three of the projects are drill ready

Recently NAM announced (News Release:

Dec 12

, 2017

) a signed Letter of Intent with

Azincourt Energy Corp for the Manitoba Lithium Projects.

This Pegmatite Field hosts the world

class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the

primary Lithium ore minerals) in varying capacities, since

1969

. NAM’s Lithium Projects are

strategically situated in this prolif

ic Pegmatite Field.

Presently, NAM

under its subsidiary

Lithium Canada Developments,

one

the largest mineral claim holder

in the Winnipeg

River Pegmatite Field and is seeking JV partners to further develop the company’s

Lithium

ivision.

QUALIFIED

PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based

on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist

for New Age Metals.

Mr. Galeschuk is the Qualified Person as

defined by National Instrument

101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“

Harry Barr”

Harry G. Barr

Chairman and CEO

Neither 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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward

looking statements that

involve risks

and uncertainties.

These statements may differ materially from actual future events or results and are based on current

expectations or beliefs.

For this purpose, statements of historical fact may be deemed to be forward

looking statements.

addition, forward

looking statements include statements in which the Company uses words such as “continue”, “efforts”,

“expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”

“pros

pects”, “optimistic” or similar expressions.

These statements by their nature involve risks and uncertainties, and actual

results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and

continu

ation of efforts to timely and completely make available adequate current public information, additional or different

regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the

documents filed by th

e Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk

factors that could cause actual results to differ from those contained in the forward

looking statements.

The Company does

not undertake any obligation to r

eview or confirm analysts’ expectations or estimates or to release publicly any revisions to any

forward

looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of

unanticipated events.

Investors should not

place undue reliance on forw

ard

looking statements.

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