Harry Barr Charlotte Brown Robert Guanzon Cody Hunt Aaron Warren

Chief Financial Officer

Corporate Secretary

Chairman and CEO

Business Development

Marketing and Communications

MANAGEMENT

New Age Metals is a member of the International Metals Group.

Harry Barr Mike Neumann, P. Eng John Londry, B.Sc, M.Sc Colin Bird, C.Eng, P.Eng, FIMMM Ron Heiber, B.Sc

BOARD OF DIRECTORS

Chairman and CEO, Mr. Barr has over 35 years of experience relating to the acquisition, finance and development of mineral exploration projects.

Lead Director, Mr. Neumann is a veteran mining engineer, having worked with major mining companies in addition to founding Neumann Engineering in 1993.

Director, Mr. Londry has considerable experience in mineral exploration projects throughout Canada, the United States and South America.

Director, Mr. Bird has ample international experience in developing, financing and managing mines and is the founder of numerous successful companies.

Director, Mr. Hieber is an internationally recognized Expert in PGM's. Ron oversaw Exploration for Anglo Platinum, the world’s largest Platinum producer.

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Share Structure and Market Cap Options: Fully Diluted: Market Cap:

Date: Outstanding: Warrants:

5.8M 242M

C$10M

Feb 25, 2020 136.8M 103.12M

New Age Metals Inc. | Field Office 59 Burtch's Lane, Rockport

K0E 1V0, ON, CA

1-613-659-2773 info@newagemetals.com newagemetals.com

Genesis PGM/Base Metals Project

Lithium Projects

Flagship River Valley PGM Project

New Age Metals is focused on the exploration and development of one of North America's largest undeveloped primary Platinum Group Metals (PGM) deposit,

the River Valley PGM Project located in the Sudbury Region of Ontario.

The Company also has a Lithium (Li) Division with eight Li projects, of which two are drill ready.

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PLATINUM GROUP METALS DIVISION

Project: River Valley

Just 100 km's from River Valley is world classmetallurgical facilities in Sudbury, ON.

Our flagship River Valley Project has over 700 drill holes. The resultsof a Preliminary Economic Assessment (PEA) were announced June27, 2019. New Age Metals is seeking a strategic partner for RiverValley to assist in future exploration and development. The project isnotably one of the largest primary PGM deposits in North America.

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New Age Metals Inc. | Field Office59 Burtch's Lane, Rockport

K0E 1V0, ON, CA

1-613-659-2773info@newagemetals.comhttps://newagemetals.com

DISCLAIMER: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or resultsand are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. Thesestatements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documentsfiled by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereofor to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

CIM definition standards were followed for the resource estimation.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.A base cut-off grade of 0.35 % g/t PdEq was used for reporting resources. Palladium Equivalent (PdEq) calculated using (US$): $950/oz Pd, $950/oz Pt, $1,275/oz Au, $1500/oz Rh, $2.75/lb Cu, $5.25/lb Ni, $30/lb Co.Numbers may not add exactly due to rounding.Mineral Resources that are not mineral reserves do not have economic viabilityThe quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resourceand it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

River Valley Northern Portion Geophysical Targets

The contents containedherein that relate to

Exploration Results orMineral Resources isbased on informationcompiled, reviewed or

prepared by Dr. BillStone, a consulting

geoscientist for New AgeMetals. Dr. Stone is the

Qualified Person asdefined by National

Instrument 43-101 andhas reviewed and

approved the technicalcontent of this fact sheet.

River ValleyProperty

RIVER VALLEYNAM owns 100% of one of North America’s largest undeveloped primary Platinum Group Metals deposit, with 2.9 Million OuncesPalladium Equivalent in Measured plus indicated including an additional 1.1 Million Ounces Palladium Equivalent in Inferred.Positive PEA showing open pit potential with a life of mine of 14 years and annual average payable Palladium Equivalent production of119,00 ounces. Life of mine average operating cash costs of US$709/Oz. Spot Palladium price = US$2,100/oz.PEA used a Pd price of US$1,200 which returned an After-tax Net Present Value (5% discount rate) : C$138M, After-tax IRR of 10%. Using the February 25, 2020 spot price of US$2600, the After-tax Net Present Value (5%) : C$1,074M, After-tax IRR of 35%. In light of persisting structural market deficits, Palladium was one of the best performing metals of 2019 and continues to create newall-time highs in 2020 . To date the deepest drill hole was <600m, significant potential for more ounces located at depth. Average drill depth is 220 metres.Our 2020 plan for River Valley will involve following up on specific recommendations from the 2019 PEA.

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LITHIUM DIVISION Largest Claim-Holder in the Prolific Winnipeg River Pegmatite Field

Li2O-bearing white Spodumene Blades exposed at surface on Lithium One

Our hard-rock lithium projects are located in the vicinity of Tanco Mine, there is suitable infrastructure for the possible extraction of lithium-bearing spodumene. Two of the eight projects are drill-ready, the Lithium Two Project has been granted a drill permit by the Government of Manitoba and the company anticipates that its Lithium One Project will also be granted a drill permit by the end of Q1, 2020.

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New Age Metals Inc. | Field Office 59 Burtch's Lane, Rockport

K0E 1V0, ON, CA

1-613-659-2773 info@newagemetals.com newagemetals.com

FACTS

The projects locations are surrounding an operating cesium and tantalum mine. The area is part of a well- known pegmatite field.

Drill permit has been granted for the Lithium Two Project and applied for on theLithium One Project, which the company is awaiting approval from the province. The eight projects are strategically situated within the Winnipeg River PegmatiteField, which hosts the world-class Tanco Pegmatite that has been mined forTantalum, Cesium and Spodumene in varying capacities, since 1969.Lithium One Project returned numerous samples of strong lithium mineralization withassays up to 4.1% Li2O.Lithium Two assays received, up to 3.3% Li2O at FD5 Pegmatite, a second phase ofsurface sampling at the Eagle Pegmatite has returned assays up to 3.8% Li2O.Exploration Agreement signed with Sagkeeng First Nation in 2018. Consulting Lithium and Rare Elements Geologist for projects is Mr. Carey Galeschuk.

DISCLAIMER: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this fact sheet.

New Age Metals

GENESIS Platinum Group Metal and Base Metals Project

The Genesis project is a Ni-Cu-PGM property located inthe northeastern Chugach Mountains, 75 road milesnorth of the city of Valdez, Alaska. The project is within 3km of the all-season paved Richardson Highway and ahigh capacity electric power line. The project is coveredby 4,144 hectares of State of Alaska mining claimsowned 100% by New Age Metals.

Above: Map location of the Genesis Project, Nelchina Mining District, Alaska

A total of 23 exploration targets have been identified on the Genesis project. most prospective targets include 7 separate zones on Bernard Mt. and an additional 9 zones on Sheep Hill. None of the targets on Bernard Mt. have been explored, even at the reconnaissance levelOnly the western edge of one target zone, which returned significant PGM-Cu-Ni mineralization, has beenmapped and sampled at Sheep Hill. There has been no drilling on any of the targets identified on Sheep Hill or Bernard Mt.

Based on previous geological and geochemical data combined with newly generated and/or interpreted ASTER,LANDSAT8, airborne magnetics and airborne resistivity data:

Genesis is a road accessible, under explored, highly prospective and multi-prospectdrill ready Palladium, Platinum, Nickel and Copper property.

Past exploration has revealed the presence of chromite-associated platinum and palladium mineralization andstratabound Ni-Cu-PGM mineralization within steeplydipping magmatic layers of the Sheep Hill portion of theTonsina Ultramafic Complex. The mineralized horizon hasbeen identified in outcrop sampling for over 2,000m alongstrike and a 40m true thickness and the mineralization isopen under alluvial cover in both strike directions.

Genesis's Proximity to Highway General Geology of the Tonsina mafic-ultramafic complex, NelchinaMining District. Purple colors denote ultramafic rocks, magenta colors

denote mafic rocks.

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New Age Metals Inc. | Field Office59 Burtch's Lane, Rockport

K0E 1V0, ON, CA

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New Age Metals is seeking an Option/Joint Venture Partner to move the Genesis projectforward. An NI 43 - 101 Report for this project is available. If you have questions regarding

this project, please do not hesitate to contact us using the information below.

Genesis Summer 2019 Exploration Program Results

PLATINUM GROUP METALS DIVISION Project: