Nickel

Metal Energy Corp. (TSX.V: MERG) ("Metal Energy" or the "Company") is pleased to announce that the Board of Directors has approved the grant of stock options to directors, officers, employees, and consultants of the company allowing for the acquisition of up to, in the aggregate, 410,000 shares of the Company. The options are exercisable at a price of CAD $0.16 per share for a period of five years from the date of grant and are subject to regulatory policies.

About Metal Energy Corp.

Metal Energy is a well-funded nickel and battery metal exploration company with two projects, Manibridge and Strange, in the politically stable jurisdictions of Manitoba and Ontario, Canada, respectively. Both projects are subject to earn-in agreements where the Company can acquire 100% exploration rights to approximately 16,200 hectares.

For further information, please contact: Metal Energy Corp. MERG on the TSXV James Sykes, CEO jsykes@uraniumgeologist.com 306-221-8717 www.metalenergy.ca

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the business of the Company. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com including the Filing Statement dated November 15, 2021. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. 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.

Click here to connect with Metal Energy Corp. (TSX.V: MERG) to receive an Investor Presentation.

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Metal Energy Assays Confirm High-Grade Nickel in All Drill Holes From Phase One Drill Program

Metal Energy Assays Confirm High-Grade Nickel in All Drill Holes From Phase One Drill Program

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News Provided by Canada Newswire via QuoteMedia

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Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce it has received a 3-year Work Permit (the " Permit ") from the province of Manitoba to allow for 100,000 metres of diamond drilling on the high-grade nickel and copper Manibridge Project (the " Project " or " Manibridge ") in the Thompson Nickel Belt of Manitoba .

"This is a big step forward for Metal Energy as operators advancing Manibridge.  The Permit provide us the necessary approval to continue definition drilling of the Manibridge Mine target, expanding on the Manibridge North high-grade nickel deposit, and drill testing kilometres of prospective greenfield exploration targets over the next 3 years ( Figure 1). We are optimistic that there are more high-grade nickel and copper greenfield discoveries to be made on the Project. Still, we are more confident that the historic Manibridge Mine target has significant growth opportunities for a viable nickel-copper resource.  We are weeks away from starting Phase Two's 10,000 metre summer drill campaign, which is largely focused on delineating a resource on the Manibridge Mine target," said James Sykes , CEO of Metal Energy.

News Provided by Canada Newswire via QuoteMedia

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