Electric Metals (USA) Limited Receives Expanded Mineral Resource Estimate for the Emily Manganese Project, Minnesota. The Highest-grade Manganese Deposit in North America

• 20.9% increase in total Indicated Resources to 6.2 million tonnes with average manganese grade of 19.27% and 596.5% increase in Inferred Resource to 4.9 million tonnes with average manganese grade of 17.50%, using a 10% cutoff grade
• 64.2% increase in total Indicated Resources to 14.5 million tonnes with average manganese grade of 12.06% and 800.1% increase in Inferred Resource to 9.6 million tonnes with average manganese grade of 12.11%, using a 5% cutoff grade
• Three primary zones of manganese mineralization modeled
• Large tonnage expansion associated with initial drilling of the central zone of the deposit
• Eastern in-fill drilling and central step-out drill holes undertaken at approximately 100m spacing
• Western zone of the deposit open and recommended for future expansion

TORONTO, ON / ACCESSWIRE / April 9, 2024 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce the receipt of the expanded Mineral Resource Estimate for the 100% owned Emily Manganese Project in central Minnesota. Emily is the highest-grade manganese deposit in North America. The Mineral Resource was prepared in accordance with National Instrument 43‐101 ("NI 43‐101") by Forte Dynamics, Inc. ("Forte").

The Mineral Resource Estimate is based on a geological model incorporating data from 29 diamond core holes drilled by Electric Metals in 2023 in the eastern and central portion of the Emily Manganese Deposit, and historical drilling data from 7 diamond core holes drilled in 2011 and 2012 in the eastern portion of the deposit. The drilling overlays a planned, but not executed, former U.S. Steel iron ore - manganese mine proposed in 1959. The current estimate confirms and expands the previous Mineral Resources. The current estimate is based on the most detailed geological model of the Emily Manganese deposit to date, which significantly enhances the understanding of grades and zonation within the deposit.

The Emily Manganese Deposit is in the northern portion of Minnesota's Cuyuna Iron Range in Crow Wing County, near the town of Emily. The Emily Deposit, a sedimentary iron deposit, is hosted by rocks of the Paleoproterozoic Animikie Basin, an early Proterozoic geologic terrane, which occupies much of east central Minnesota. The stratigraphy, structure, and high-grade manganese mineralization within these rocks is the result of long periods of sedimentation, deformation, and erosion along the ancestral southern margin of the Superior Craton. The Cuyuna Iron Range is traditionally divided into three districts, the Emily District, the North Range, and the South Range. While mined principally for iron ore, large quantities of manganese were extracted as manganiferous iron ores from several mines in the Cuyuna Iron Range from 1911 to 1967.