Plateau Energy Metals expands Environmental Baseline Study to include Falchani Lithium Discovery area - Streamlined Permitting for future Lithium Production under Peruvian Legislation - Seite 2

The streamlined, pragmatic approach of Peruvian Ministries of the Environment and Energy & Mines under existing legislation, and the continued acceptance and support of the local affected communities, provides us with confidence that the Macusani Plateau region can become a substantial future producer of lithium and uranium.

I would like to thank ACOMISA for their assistance so far. We deliberately chose this company for a range of technical reasons and their solid local experience in the Peruvian mining industry, but also because their Principal, Dr. David Romero, was directly involved in drafting the existing updated environmental legislation now in place.

Dr. David Romero of Acomisa said: "ACOMISA is delighted to be part of this exciting Lithium and Uranium project in Peru. With our knowledge of the current environmental legislation and community relationships as it applies to the mine permitting space in the country, we believe environmental permissions can, and will be granted for future production of lithium and uranium from PLU's projects, just as any other mining project applications in any other commodity."

Baseline Study & Approval Details
The baseline study was previously accepted by the Andean communities of Isivilla, Tantamaco, Corani, Chimboya and Paquaje. The Falchani area community of Chaccaconiza has now also been included in the expanded baseline study. These communities own farming land and pastures in the area of influence of the Company's Macusani lithium and uranium projects, located on the Macusani Plateau, Department of Puno, in southeastern Peru. The acceptance of the baseline study plan by all the Andean communities located in the vicinity of the Macusani lithium and uranium projects is of great importance for the future development of the project.

The expanded environmental baseline as proposed and implemented by ACOMISA (Asesores y Consultores Mineros SA), the environmental and engineering consulting group engaged by the Company to commence the enhanced environmental baseline study work and EIA studies, has been re-lodged with SENACE (Servicio Nacional de Certificacion Ambiental), the National Service for Environmental Certification. SENACE is part of the Ministry of the Environment, and is the highest government environmental authority in Peru responsible for EIA study approvals for mining and industrial projects. SENACE has accepted and approved the design, scope and methodology of the environmental baseline study and has acknowledged the communities' acceptance for this work.