New Energy Metals Completes Soil Sampling Program at Exxeter Gold Project

Vancouver, British Columbia--(Newsfile Corp. - October 19, 2018) - New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) ("New Energy Metals" or the "Company") announces that is has conducted a detailed soil sampling program at its Exxeter Gold Project in Val d'Or, Quebec. The soil sampling program focused on target areas where geophysical and geochemical anomalies were identified in earlier programs. In total, 366 deep soil samples were taken. The samples will be processed at ALS Global Laboratories, an accredited geochemical laboratory in Val d'Or, Quebec.

Qualified Person

Mr. Grant Ewing, P.Geo., is a qualified person as defined by National Instrument 43-101. Mr. Ewing and has reviewed the scientific and technical information that forms the basis of this news release and has approved the disclosure herein. Mr. Ewing is not independent of the Company.

About The Company

New Energy Metals is focused on the exploration and development of energy metals in Chile. The Company's assets include the Cristal Copper Project located in northern Chile, several prospective cobalt projects in Chile's past producing San Juan cobalt district, and a lithium project in Chile's Atacama salar district. The Company also holds an option on the Exxeter gold project in Quebec.

On behalf of NEW ENERGY METALS CORP.

Grant Ewing, President & CEO
T: 604.484.1232 E: [email protected] W: www.newenergymetals.ca

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

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from New Energy Metals' expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.