Electric Metals Announces Continuity of High-Grade Manganese Mineralization From Step-Out Drilling With Grades Up to 49.20% Mn (63.53% MnO) at the Emily Manganese Project, Minnesota

Assay results from drilling to the west of the deposit contain some of the highest manganese grades intersected to date with up to 49.2% Mn in individual samples, including¹:

• 40.07% Mn (51.74% MnO) over 11.92 meters from 85.59 meters; and
• 39.01% Mn (50.37% MnO) over 6.86 meters from 128.7 meters

Drilling along the eastern part of the deposit also intersected high-grade manganese intervals, including:

• 34.65% Mn (44.74% MnO) over 1.52 meters from 104.55 meters; and
• 32.45% Mn (41.90% MnO) over 2.04 meters from 72.09 meters

Results from completed step-out drilling to the west are expected in coming weeks

TORONTO, ON / ACCESSWIRE / August 24, 2023 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce assay results from core drilling at the high-grade Emily Manganese Project ("Emily Project"), Minnesota, USA.

Previously reported results from the first six drill holes of the current program (refer announcements dated 27^th June 2023 and 13^th July 2023) included substantial thicknesses of more than 40% manganese. Data from the nine drill holes summarized in this news release, confirm that similar high manganese grades extend along-trend towards the west, are of comparable thickness, and are open at depth.

Drilling has intersected intervals of high-grade manganese oxide mineralization (manganite) with manganese contents of more than 35% Mn in five holes and widespread intersections with more than 40% manganese. Data is summarized in Table 1.

This drill program has shown that the high-grade manganese extends to at least 100 meters west of previous Company drilling and has yet to be closed at depth or along trend (refer drill holes 23042 and 23043, Figures 1 and 2, Table 1). Step-out drilling at approximately 100-meter drill collar spacing for approximately 800 meters has been completed to the west of holes 23042 and 23043 and assays from these thirteen holes are expected in coming weeks.

High-grade manganese in the eastern portion of the deposit is thinner (refer holes 23007, 23008 and 23013, Figure 3). This appears to be close to the eastern extent of significant manganese mineralization and drilling in the last stages of the current program has focused along the western strike of the mineralized horizons.

Five holes to the east of the deposit (23009, 23011, 23012, 23017 and 23018) did not intersect significant mineralization and these have defined the eastern extent of the deposit (Figure 1).