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Namibia Critical Metals Commences Airborne EM Survey Over Kunene Cobalt-Copper Project

Exploration Programs

Press Release

Namibia Critical Metals Commences Airborne EM Survey Over

Kunene Cobalt-Copper Project

 System tests completed and production flying underway for combined

electromagnetic and magnetic survey

 Survey area increased to cover 720 km2 (4,000 line kilometers)

 Geological mapping and prospecting has covered over 240 km 2 and is

continuing over the priority areas where cobalt anomalies have been

identified by the systematic soil geochemical survey

Halifax, Nova Scotia July 11, 201 8 – Namibia Critical Metals Inc. (“Namibia Critical

Metals” or the “Company”) (TSXV:N MI) today announced that flight operations have

commenced for the combined airborne electromagnetic and magnetic survey being carried

out by SkyTEM Surveys ApS (“SkyTEM”) over the Kunene Cobalt-Copper Project in northern

Namibia (Figure 1). The survey area has been increased from 670 km2 to 720 km2 and now

comprises 4,000 line kilometers at a flight line spacing of 200 meters. The objectives of the

survey are to detect conductive horizons and sulphide accumulations associated with cobalt-

copper mineralization to depths of 300-400 meters, and to assist with geological map ping

and structural interpretations. Field teams have been mapping priority target areas in

advance to assist in interpretation of geophysical anomalies. The SkyTEM survey is now

scheduled to be completed in early August, to be followed by a n initial 7,500 m drilling

program.

Figure 1 – Namibia Critical Metals geological team being briefed on the SkyTEM system’s operation (left).

Magnetometer in foreground; EM coil is 28 m in length and 16.5 m wide. System is flown with an AStar 350

helicopter operated by Savannah Helicopters shown flying at Kunene on right.

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Don Burton, President of Namibia Critical Metals, stated “The investment we are making in

this high powered airborne EM survey , coupled with our continuing geological mapping

program on the ground will provide our exploration team with the best possible tools to

prioritize drill targets and increase the opportunity for an early discovery at Kunene.

SkyTEM will deliver data updates from the field on a bi -weekly basis which will allow the

team to immediately deploy to areas of interest as we see geophysical anomalies

developing.”

The Kunene project area is contiguous with g round held by ASX-listed Celsius Resources

(“Celsius”) who announced a maiden JORC compliant mineral resource at Opuwo on April

16, 2018 (Figure 2). The Opuwo discovery hosts 79,300 tonnes (174,460,000 lbs.)

contained cobalt in the Indicated Mineral Resources category and 46,900 tonnes

(103,180,000 lbs.) contained cobalt in the Inferred Mineral Resources category. It is noted

that the mineralization on the Celsius property may not be indicative of mineralization that

may be found on the Kunene project area held by Namibia Critical Metals. Celsius has also

announced that it will fly SkyTEM over its project area following completion of the Namibia

Critical Metals survey and continue drilling at Opuwo (Celsius press release June 7, 2018) ,

and now anticipates the Scoping Study to be delivered in early Q4 2018 (Celsius press

release June 22, 2018).

Figure 2 - Kunene Co -Cu Project Area showing principal targets associated with DOF Horizon, structural

lineaments, and cobalt anomalies (soil ICP) at regional 1 kilometer spacing. Celsius Resources’ land position to the

east in cross hatching with the Opuwo Deposit area in red rectangle.

Airborne Survey Objectives

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Given the frequent association of Co-Cu and Pb-Zn mineralization with sulphides, the prolific

number of cobalt anomalies, and the kilometric scale trends throughout the project area , it

was recommended that a detailed helicopter time domain electromagnetic (“EM”) survey be

flown to delineate specific targets for drilling . The survey is being flown by SkyTEM ApS of

Denmark at a flight line spacing of 200 meters across the entire belt covering the

interpreted DOF Extension, Western Targets and Okanihova Targe ts which includes the

Steilrand hydrothermal system (Figure 3).

Figure 3 - Kunene Co-Cu Project Area showing expanded airborne survey area (white border) and cobalt

anomalies from detailed soil geochemical surveys. Background image is total magnetic intensity from the Namibian

Geological Survey database combined with satellite surface topography.

Mineralization at Kunene is widespread and variable in style, occurring in discrete

sedimentary horizons such as the DO F where Co -Cu is associated with disseminations and

veinlets of sulphide minerals , as well as orogenic copper , and stratabound Zn -Pb

mineralization. The stratabound DOF has been traced for over 35 kilometers across the

Celsius ground and its host lithology is interpreted to continue across the Kunene Project

area (Figure 2 and Figure 3).

The objectives of the airborne EM survey will be to refine the geological and structural

setting of the area, to allow mapping of the covered ground which comprises about 50% of

the area, to delineate conductive sedimentary horizons, to isolate conductive bodies that

may be indicative of near surface mineral deposits, and to detect sulphide deposits and

stockworks at depth.

Priority Target Areas and Geological Mapping

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Three large target areas for cobalt were defined on the basis of regional soil geochemical

surveys - namely the DOF Extension, the Western Targets and the Okanihova Targets. Field

teams have mapped and prospected in portions of each targ et area in advance of the

airborne geophysical survey, covering over 240 km 2 to date which represents about 1/3 of

the total surface area of the priority targets (Figure 4).

Figure 4 - Kunene Co-Cu Project Area showing progress of geological mapping and prospecting in priority target

areas (green blocks) and cobalt anomalies from detailed soil geochemical surveys.

Based on the soil geochemical survey results, cobalt anomalies are widespread along the

Okanihova lineame nt. Typical borehole intersections (not targeting cobalt) of underlying

sediment-hosted sulphide mineralisation in the area confirm this and returned 20-40 m at

100-700 ppm cobalt (Company press release May 7, 2018). Mineralogical analysis of these

intersections by Activation Laboratories Ltd . has identified three primary cobalt sulphide

species: cattierite/linnaeite , cobaltite and a “cobalt-copper sulphide”. The Okanihova

lineament obviously acted as fluid pathway for Co -rich basement deriv ed fluids which

caused cobalt sulphide mineralisation in reductant lithologies (pyrite -rich siltstones and

shales) along the structure. The Okanihova lineament is clearly defined over a strike length

of 21 kilometers by magnetic anomalies due to the format ion of halos of hydrothermal

pyrrhotite in the adjacent sedimentary rocks. These anomalies are particularly well

developed over the southwestern half of the lineament which is entirely covered by thick

alluvium and aeolian sands. Any conductive anomalies associated with these trends will be

treated as high priority drill targets.

In the Western Targets area, t he highest cobalt values (40 -50 ppm Co) in the soil samples

are associated with a large (24 km 2) magnetic anomaly which is spatially related to mafi c

dykes and breccia zones with carbonate -chert veining and to the contact zone of the

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basement rocks with the overlying Damaran sediments (the contact is interpreted as of

tectonic nature in form of thrusts or faults) . Any conductors delineated by the airb orne EM

survey associated with this magnetic anomaly might represent sulphide mineralisation

associated with the mafic intrusives and are thus a priority target. Conductive zones

between the basement and the Damaran sedimentary sequence to the north as wel l as

parallel to fault zones in the Damaran sediments might be associated with sediment -hosted

Co-Cu-Zn mineralisation.

Lastly, sandstone-hosted copper mineralisation (malachite and chrysocolla) has been noted

in a light-grey gritty sandstone over a strike extend of approximately 170 m eters (analyses

pending) in the far west of the Western targets . The width of the mineralised sandstone

reaches up to 10 m eters and forms part of the uppermost horizon of the Nosib Formation.

In addition, v ein-hosted Cu mineralization as chrysocolla, malachite, azurite and dioptase

was observed in light grey carbonates close to the contact with sandstone. Th is

mineralisation was initially followed for about 500 m along strike. The carbonate rocks likely

represent the Nosi b-Ombombo Transition Zone known for epigenetic base metal

mineralisation throughout the area. Neither of these latter mineralization styles are known

to be associated with significant cobalt (analyses pending).

Sample preparation and analyses of soil and drill core samples were carried out by

Activation Laboratories Ltd. (Windhoek, Namibia and Ancaster, Ontario) employing

appropriate ICP techniques and following strict internal QAQC procedures inserting

standards and duplicates.

Donald M. Burton, P.Geo. and President of Namibia Critical Metals Inc., is the Company’s

Qualified Person and has reviewed and approved this press release.

About Namibia Critical Metals Inc.

Namibia Critical Metals Inc. holds a diversified portfolio of e xploration and advanced stage

projects in the country of Namibia focused on the development of sustainable and ethical

sources of metals for the battery, electric vehicle and associated industries. The common

shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol

“NMI”.

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.

For more information please contact -

Namibia Critical Metals Inc.

Don Burton, President

Tel: +01 (902) 835-8760

Fax: +01 (902) 835-8761

Email: [email protected]

Web site: www.NamibiaCriticalMetals.com

The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward -

looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ

materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

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