Electric Metals Announces Continuity of Manganese Mineralization and Further High-Grade Intercepts up to 48.6% Mn (62.7% MnO) from Drilling at the Emily Manganese Project, Minnesota, USA

Drilling highlights from the most recent drill core assays¹:

• 33.9 metres of 17.93% Mn (23.2% MnO) from 58.2m including 5.39m of 42.5% Mn (54.9% MnO) from 62.9m
• 30.1 metres of 18.2% Mn (23.5% MnO) from 106.1m including 3.05m of 48.6% Mn (62.7% MnO) from 109.12m
• 13.0 meters of 18.9% Mn (24.4% MnO) from 119.6m 30.5 meters

These holes extend previously drilled manganese along-trend and at depth.

TORONTO, ON / ACCESSWIRE / July 13, 2023 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce recent assay results of the current drill program at the high-grade Emily Manganese Project ("Emily Project"), Minnesota, USA. The Emily Project is located in the Cuyuna Iron Range of central Minnesota, USA, an area with a rich mining history and support from established local infrastructure, a skilled mining workforce and abundant power and gas.

Results reported from the first two drill holes (refer to announcement dated 27th June 2023) included substantial thicknesses of more than 40% manganese. Data from the next four drill holes, which are summarized in this news release, confirm that similar high-grade manganese extends both along-trend and to depth.

EML is currently drill testing the deposit to provide high-grade manganese feedstock as part of an effort to determine the viability of a potential, future mine operation, and to produce chemicals for the lithium-ion battery market. The United States is 100% reliant on imported manganese, including manganese chemicals used for standard and lithium-ion batteries. EML's goal is to be able to secure approvals to process Emily manganese and provide manganese chemicals to support future growth of electric vehicle production and energy storage infrastructure.

Assay results of samples from four diamond drill holes NSM 23003, NSM 23004, NSM 23005 and NSM 23006 have been received. Each drill hole intersected intervals of high-grade manganese oxide mineralization (manganite and pyrolusite, plus iron mineralization) with manganese contents of more than 17% Mn in many of the averaged intervals. High-grade zones with more than 40% Mn are conspicuous. Data is summarized in Table 1 overleaf.

The four drill holes are located in Figure 1 and a cross section showing the geology and assayed intervals are shown in Figure 2. At this east portion of the deposit high-grade zones of plus 40% manganese extend for at least 150 meters down dip with well mineralized rock extending to at least 250 meters. Importantly, the high-grade manganese zones correlate well with high-grade manganese grades intersected in drill holes NSM 23001A and NSM 23002A (Figure 1) which were located about 100m west of the cross section in Figure 2 and returned 32.1 metres of 17.67% Mn from 106m including 5.3m of 43.18% Mn from 109.6m in NSM 23001A and 34.9 metres of 21.05% Mn from 59.9m, including 5.3m of 44.66% Mn from 66.8m in NSM 23002A. A review of these results is provided in the Company's news release dated 27^th June 2023.