Electric Metals Announces Final Assays from the Emily Manganese Project with High-Grade Manganese Drill Intersections up to 64.68 Meters Containing Zones of up to 46.3% Mn (59.8% MnO)

Assay results from the final seven drill holes confirm that thick intersections of high-grade manganese extend along trend for more than 1,100 meters (3,609 feet), containing grades up to 46.3% Mn in individual samples. Results include[1]:

• 46.30% Mn (59.78% MnO) over 1.46 meters within 16.62% Mn over 20.60m
• 44.60% Mn (57.59% MnO) over 1.43 meters within 12.31% Mn over 32.46m
• 42.60% Mn (55.01% MnO) over 0.76 meters within 12.85% Mn over 64.68m
• 41.10% Mn (53.07% MnO) over 1.43 meters within 25.63% Mn over 5.61m

The drilling program has demonstrated excellent continuity of high-grade manganese, and mineralization has not been closed by drilling along trend or at depth.

Analytical data confirms that sulfur (S), which is assayed in every sample, is seldom above detection (0.001%).

TORONTO, ON / ACCESSWIRE / October 31, 2023 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the final assay results from the recent drilling program at the high-grade Emily Manganese Project ("Emily Project"), Minnesota, USA.

Previously reported results from the first twenty diamond drill holes of the program (refer announcements dated 27 ^th June 2023, 13 ^th July 2023, 24 ^th August 2023 and 21 ^st September 2023) described continuity of thick intervals of more than 30% manganese with a northerly dip and east-west strike direction.

New results reported in this announcement are for an additional seven drill holes located on 100-meter collar spacing (23047, 23048, 23049, 23050, 23052, 23053 and 23054) which confirm that high-grade, thick manganese intervals encompass at least 1,100 meters along an east-west trend (Table 1 and Figures 1-4) and show that the high-grade manganese oxide mineralization (manganite) has not been closed at depth or along trend.

New Assay Results

All seven drill holes intersected high-grade manganese with drilled intervals (approximate true thickness) of more than 20 meters (Table 1). Intervals with manganese contents of more than 44% Mn were intercepted in holes 23047, 23050 and 23053 however, all holes contain conspicuous intervals of more than 30% Mn within mineralized zones (5% Mn cut-off) of up to 64.68 meters thick. Importantly, the mineralization has excellent continuity in both thickness and tenure both along trend (Figure 2) and down down-dip (Figures 3 and 4).