American Manganese Reports Significant Rare Earth Values on Rocher Deboule Cu-Au-Ag Project

American Manganese Reports Significant Rare Earth Values on Rocher Deboule Cu-Au-Ag Project

American Manganese receives Drill Permits for Rocher Deboule from Ministry of Energy, Mines and Low Carbon Innovation

American ManganeseInc. ("AMY" or the "Company") (TSX.V:AMY)(OTCQB:AMYZF)(FSE:2AM) reports Vent Zone IP Geophysics Identifies High Chargeability and coincident and Significant Rare Earth Values on Rocher Deboule Cu-Au-AgProject

The Vent Zone alteration consists of chlorite-quartz-carbonate-garnet-clay hosted in andesiticflows/tuffs (porphyritic) of Upper Cretaceous Kasalka Group Brian Boru Formation. SGH (spatiotemporal geochemical hydrocarbon) surveys carriedout in 2017 resulted in redox cell (6.0 out of 6.0 rating), and copper-gold anomalous zones (5.0 out of 6.0 rating) that coincide with the redox cell anomaly.In 2021, pole-dipole array IP Geophysics on "Vent Zone" target identified elevated chargeability (>30mV/V), which correlates with the redox-cell soil hydrocarbon anomaly. Widespread, disseminated sulphides (mostly fine grain pyrite) are present in the portions of the Vent Zone. IP survey high chargeability and coincident low resistivity on west portion of grid area are interpreted extent of Vent Zone. In the central part of the IP survey area, relatively strong chargeability and low resistivity increases at depths of approximately 100-200 meters (328-656 feet). The Vent Zone has positive Cu- Au-Ag-Co-REE soil geochemical anomaliesand is interpreted as an Iron-Oxide Copper-Gold (IOCG) occurrence.

A total of 5 rock chip samples (ranging from 0.55-1.44 kgs in weight) were taken from outcrop (sampled intervals ranging from 15-35 centimeters) near the Rocher Mine area (proposed drilling of "Main Zone" No 4 & 3 Veins) and shippedto ALS Canada Ltd for ME-MS61r four acid multi-element ICP-MS + REE, and AuICP21Au 30-gram Fire Assay ICP-AES finish (certificate VA 21172433). The following significant results are listed:

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Rock chip sample geochemical analysisresults indicate massiveand semi-massive chalcopyrite-pyrite mineralization (with minor bornite and molybdenite) contain significant rare earth elements (REE elements Ce- La-Nd-Pr are listed above). The Rocher Mine No 2 & 4 Veins are considered primarily as vein type (tabular shaped)copper resources accompanied by silver, gold and rare earth element bearing minerals. The distribution of rare earth elements (La-Ce-Sc-Y-Pr-Nd-Pm-Sm-Eu-Gd-Tb-Dy-Ho-Er-Tm-Yb-Lu) are associated with silicified fault zones that have magnetite and massive sulphide.Sulphides & REE do not correlate well. It is unclear whetherrare earth bearing minerals are associated with sulphide minerals or re-distributed (re-mobilized) from earlier geological (e.g., pegmatitic phase) events, or a combination of both. Rare earth elements weakly correlate with increased P, and U/Th. Note- U values ranging between 1.1-19.7 ppm uranium and Th values ranging between 0.12-13.9 ppm thorium are well below thresholdvalues of 100 ppm U.

The two main deposit types are observed at theRocher Mine No 4 & 2 Veins:

  1. EARLY FORMING POLYMETALLIC VEIN/BRECCIA: semi-massive and coarse grain (blebby) chalcopyrite with increased magnetite-REE bearing mineralization is related to elevated Cu-Au-Ag-REE in ‘polymetallic' fissureveins/breccias developed in pegmatitic/aplitic phases of early forming intrusions.
  2. LATE FORMINGSUB-VOLCANIC VEIN/BRECCIA: massivechalcopyrite, minor bornite-tetrahedrite- arsenopyrite-sphalerite-argentiferous galena bearing mineralization is related to elevated Cu-Ag-As-Sb in ‘sub-volcanic' fissureveins/breccias.

A drillprogram is plannedon the Rocher Mine 2 & 4 Veins and Vent Zones for 2022.

Andris Kikauka (P. Geo.), Director for American Manganese Inc, has prepared, reviewed, and approved technical information in this press release. Mr. Kikauka is a non-independent Qualified Person adhering to National Instrument 43-101 reporting standards.

On behalf of Management

AMERICAN MANGANESEINC.

Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778 574 4444
Email:reaugh@amymn.com
www.americanmanganeseinc.comwww.recyclico.com

Neither the TSX Venture Exchangenor its Regulation Services Provider (as that term is definedin the policies of the TSX VentureExchange) accepts responsibility for the adequacyor accuracy of this release.This news releasemay contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose,statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurateor true. Investorsshould not placeundue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

SOURCE:American Manganese Inc.



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The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-800-319-4610 ( North America toll-free) or 1-604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.

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FORWARD LOOKING INFORMATION – This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as "may", "likely", "could", "plan", "intends to", "will be", "are expected to", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "can", "may" or "will" happen. In particular, this news release contains forward looking information including that the Company intends to announce its 2023 second quarter financial results on Monday, August 14, 2023 after markets close, that the Chief Financial Officer will be unavailable due to medical reasons and that the appointments of the Executive Vice Chair ("EVC") and the Chief Executive Officer ("CEO") are expected to follow the release of the Company's second quarter financial results. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including that management's plans for issuing its financial results will proceed as anticipated, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, or that assumptions may not be correct. A variety of factors, including known and unknown risks, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, changes that may occur between the time of this news release and the date planned for the issuance of financial results; changes in the availability of Company officers; and risks identified in the Company's annual information form and in other documents filed with Canadian securities regulatory authorities on the Company's SEDAR profile at www.sedar.com . Readers are cautioned not to put undue reliance on forward-looking information. Actual results may differ materially from those anticipated. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

SOURCE Greenlane Renewables Inc.

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