New Age Metals Inc. Expands Its Strategic GOLD-Antimony Land Package IN Central Newfoundland
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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NEW AGE METALS INC. EXPANDS ITS STRATEGIC
GOLD-ANTIMONY LAND PACKAGE IN CENTRAL
NEWFOUNDLAND
Highlights
• Expansion of Land Holdings: New Age Metals (NAM) has successfully map -staked an
additional 42 mineral claims , making up two mineral licenses , and covering 1,050
hectares of crown land in Newfoundland and Labrador.
• Strategic Location: These newly acquired properties are situated along the same
geological trend as the Beaver Brook Antimony Mine, Canada’s only primary antimony
producer, and in close proximity to New Found Gold Corp.'s Queensway South Project.
• Total Land Position: The latest acquisitions increase NAM’s total staked land package in
Newfoundland to 19,125 hectares (47,266 acres) across eight non-contiguous properties,
reinforcing the company’s position for new critical mineral discoveries in areas historically
dominated by precious and base metal exploration
• Market Opportunity: Au prices are at historic highs of ~ US$3,000/ounce, whereas Sb
prices markedly increased from early 2024 to ~US$50,000/tonne and should continue to
rise as North America scrambles for sources of this critical metal after China stopped
exporting antimony in late-20241.
• Go Forward Plan: The Company’s technical consultants are actively compiling and
interpreting geological, geochemical, and geophysical datasets to define high -priority
target areas for field follow-up in summer 2025.
March 20, 2025 – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM”
or the “Company”) is pleased to announce the successful map -staking of two new prospective
gold-antimony (Au -Sb) properties in north-central Newfoundland. Th ese two properties are in
addition to one previously staked property along strike of the Beaver Brook Antimony Mine in
north-central Newfoundland and five previously staked properties adjacent to and along strike of
known Au-Sb occurrences in the St. Alban’s area of south-central Newfoundland1.
Harry Barr, Chairman and CEO commented , “NAM is delighted to secure this additional
ground over such a highly prospective area, strategically located along trend from the Beaver
Brook Sb Mine and adjacent to the Queensway South Au Project. Our technical team is diligently
reviewing existing data, refining target selections , and planning for an aggressive fieldwork
program across all eight of our new Au-Sb properties in the summer of 2025. With historically
1New Age Metals (2025). New Age Metals Inc. Stakes New Gold-Antimony Properties in Newfoundland and
Labrador. Company press release dated February 27, 2025. Available at:
https://newagemetals.com/category/press/.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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high prices for both gold and antimony, we are eager to advance exploration efforts on our entire
land package. The Fastness and Palisade Properties will be top priorities for our 2025 summer
exploration program, given their strategic location and geological setting.”
Two New Properties on the Under-Explored Beaver Brook Sb (Au) Trend
1. Fastness Property (Figures 1 and 2)
NAM has strategically staked 29 claims covering 725 ha, naming it the Fastness Property.
This property is located 2 km east of NAM’s previously staked Sentinel Property, positioned
between the past -producing Beaver Brook Sb Mine (~4 km north) and New Found Gold
Corp.’s Queensway South Gold Project (~3 km south) (Figure 2). Fastness is also sit uated
~2 km from New Found Gold’s Aztec, Hornet, and Greenwood Pond Targets, where numerous
rock samples have returned values ranging from 3 g/t to >10 g/t Au3.
Geologically, Fastness lies along the southern extension of the Beaver Brook Mine
lithostructural trend, an area recognized for its highly prospective structural extensions of
known high-grade gold and antimony mineralization.
2. Palisade Property (Figures 1 and 2)
Approximately 5 km to the west, NAM has staked 13 claims covering 325 ha and named it the
Palisade Property. This Property is situated 2 km along trend to the northeast from NAM’s
previously staked Sentinel Property (Figure 2). Generally, Palisade occurs along the southwest
extension of the Beaver Brook Mine lithostructural trend and targets extensions of known high-
grade Sb (Au) mineralization.
Regional Significance
The Beaver Brook Sb Mine was Canada’s only primary antimony producer, with a historical
resource of 2.2 Mt grading 3.99% Sb at a 1.5% cut-off grade (Sandeman et al., 2018)2.
The Queensway South Gold Project is the ~80 km long southern extension of the highly gold
mineralized trend at Queensway North 3. The project has seen a marked increase in exploration
efforts over the past 3 years (2022 to 2024) totalling 19,980 metres of diamond drilling in 89 holes,
1,200 rock samples, and 9,900 soil samples. Recent highlights include:
2Sandeman et al. (2018). Beaver Brook Antimony Mine Revised: An update on operations and new structural and
geological observations. Current Research Newfoundland and Labrador Department of Natural resources.
Geological Survey Report 18-1, p. 123-152.
3New Found Gold Corp. Website (March 2025). Available at: https://newfoundgold.ca/project/queensway-project/
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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• Astronaut Zone: 19.0 g/t Au over 3.15 metres in drill hole NFGC-QS-22-20
• Nebula Zone: 4.92 g/t Au over 3.05 metres in drill hole NFGC-QS-22-25
• Camp Zone: 1.2 g/t Au over 16.80 metres in drill hole NFGC-QS-24-89 and a 479 g/t Au
grab sample from surface.
NAM’s current portfolio of eight non-contiguous Au-Sb exploration properties totalling 19,125 ha
in north-central and south-central Newfoundland is shown in Figure 3.
Figure 1 . Location of NAM’s newly map-staked Fastness and Palisade Au-Sb Properties in south -central
Newfoundland. Note that the staking of the Sentinel Au -Sb Property was previously announced in a Company press
released dated February 27, 2025.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Figure 2. Location of NAM’s new Fastness and Palisade Au -Sb Properties in the Beaver Brook Antimony Mine
Area of north -central Newfoundland. Note the close proximity of all three NAM’s Properties here, particularly
Fastness, to New Found Gold Corp.’s Queensway South Gold Project.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Figure 3. Location of NAM’s 8 Au-Sb Properties (green) relative to other nearby Au-Sb projects in Beaver Brook
Sb Mine and St. Alban’s areas of north-central and south-central Newfoundland.
Moving Forward
The addition of the Fastness and Palisade Properties to NAM’s exploration property portfolio
presents a significant opportunity for gold -antimony (Au -Sb) discoveries. The Company’s
technical consultants are actively compiling and interpreting geological, geochemical, and
geophysical datasets to define high-priority target areas for field follow-up in summer 2025.
In addition to these recently staked properties, NAM is aggressively assessing more properties in
Newfoundland and elsewhere in Canada for future acquisitions.
Qualified Person
Dr. William Stone, Ph.D., P.Geo., NAM’s Lead Geoscience Consultant and a Qualified Person
(“QP”) as defined by NI 43 -101 has reviewed, prepared and approved all the scientific and
technical information disclosed in this press release.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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About NAM
New Age Metals is a junior mineral exploration and development company focused on the
discovery, exploration, and development of green metal projects in North America. The Company
has two divisions: a Platinum Group Element division and a Lithium/Rare Element division.
The PGE Division includes the 100% owned, multi -million-ounce, district -scale River Valley
Project, one of North America’s largest undeveloped Platinum Group Element Projects, situated
100 km by road east of Sudbury, Ontario. In addition to River Valley, N AM owns 100% of the
Genesis PGE-Cu-Ni Property in Alaska.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River
Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements
such as tantalum, rubidium, and cesium. NAM is developing its lithium division i n conjunction
with its Farm -in/Joint Venture agreement with Mineral Resources Ltd. (“MinRes”) , one of the
worlds largest lithium producers. A budget for May 202 5 to April 202 6 will be submitted to
Mineral Resources Ltd (MRL, ASX: MIN) for approval. On June 17th, 2024, NAM announced the
participation in the University of Manitoba’s sustainable mineral exploration grant for $1.5
million, which will be shared equally with Grid Metals. The University of Manitoba researchers
are poised to unlock more sustainable ways to extract mineral resou rces, thanks to a $1.5 million
grant from the Natural Sciences and Engineering Research Council ( “NSERC”). By harnessing
the collective expertise of academia, industry, and government, the complex challenges facing the
critical minerals industry can be addressed to create sustainable solutions for the future.
Management is currently aggressively seeking new mineral acquisition opportunities on an
international scale. Our philosophy is to be a project generator with the objective of optioning
our projects with major and junior mining companies through to production.
The Company is actively seeking an option/joint venture partner for its River Valley
Palladium Project and its road-accessible Genesis PGE-Cu-Ni Property in Alaska.
Investors are invited to visit the New Age Metals website at www.newagemetals.com where they
can review the company and its corporate activities. Any questions or comments can be directed
to [email protected] or Harry Barr at [email protected] or Farid Mammadov at
[email protected] or call 613 659 2773.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
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