Metal Energy Corp.

Metal Energy Grants Options To Buy 410,000 Shares

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 and Mistango River Announce Exploration Option Agreement and Call Option Agreement regarding the Manibridge Project

Metal Energy and Mistango River Announce Exploration Option Agreement and Call Option Agreement regarding the Manibridge Project

Metal Energy Corp. (TSXV: MERG) (the " Company " or " Metal Energy ") and Mistango River Resources Inc. (CSE:MIS) (" Mistango ") are pleased to jointly announce that they have entered into an option agreement (the " Option Agreement ") and a call option agreement (the " Call Option Agreement "), each dated October 28, 2022 . Each such agreement pertains to a 15% interest ‎(except the NSR as defined below)‎ (the " Interest ") in Metal Energy's Manibridge project (the " Project "), consisting of 19 mineral claims encompassing approximately 4,368 hectares, located in the province of Manitoba approximately 20 kilometers southwest of Wabowden, Manitoba .

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Metal Energy Acquires 70% of the Manibridge Project, Gives Notice of Intent to Achieve 100% Ownership

Metal Energy Acquires 70% of the Manibridge Project, Gives Notice of Intent to Achieve 100% Ownership

Metal Energy Corp. ("the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce the acquisition of 70% interest in the Manibridge project (" Manibridge " or the " Project ") effective August 16, 2022 . Metal Energy also announces it has elected to continue exploration to earn up to 100% interest in Manibridge and expects to complete this milestone in the near term.

"We were enthused about the recent results of Manibridge's Phase 1 drill program of intersecting wide high-grade nickel interceptions in every hole. These intersections and the visuals from Phase 2's drill core continue to affirm our belief that Manibridge has excellent redevelopment potential. We are very pleased to not only complete this milestone but do so well in advance of the original option agreement time frames," said James Sykes , CEO of Metal Energy.

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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

Highlights Include:
  • 0.92% Ni eq. over 32.95 m starting at 150.45 m including 1.24% Ni eq. over 11.45 m at 169.1 m in drill hole MNB004
  • 0.81% Ni eq. over 13.5 m starting at 337.5 m in drill hole MNB003
  • 1.13% Ni eq. over 9.0 m starting at 700.0 m including 1.62% Ni eq. over 5.0 m at 701.0 m in drill hole MNB006
  • Two drill holes intersected thick composite mineralization over 100 and 80 metres in length with 40% and 55% of those intervals being mineralized, respectively

 Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce assay results ( Table 1 ) from the Phase One drill program (the " Program ") completed in March and April on the high-grade nickel and copper-cobalt Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba.  The Program successfully intersected high-grade nickel-sulphide mineralization over a one kilometre strike length within the shadow of the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.

"The results from the Program are very encouraging and better than expected. They've answered many of our preliminary questions on Manbridge's Phase 1.  These six holes have;

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Ore Day is a conference hosted by the Ore Group of Companies who focus on gold, copper, nickel, and uranium development projects.

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Metal Energy Starts 10,000 Metre Drill Program on its Manibridge High-Grade Nickel Project

Metal Energy Starts 10,000 Metre Drill Program on its Manibridge High-Grade Nickel Project

Metal Energy Corp. (the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce its started its Phase 2 10,000 metre drill program (the " Program ") on the high-grade nickel and copper Manibridge project (the " Project " or " Manibridge ") in the Thompson Nickel Belt, Manitoba . Drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.

"We're very excited to start this large drill program on Manibridge. There's a lot of underexplored potential within the shadow of the old mine workings and we intend to prove up the nickel and copper endowment. Our Phase 1 drill program within the same target area had a 100% drill hole intersection success, indicating that our model is accurate and hinting that a lot of nickel-copper sulphide mineralization remains to be discovered along this trend. Our current drill program will include a series of drill fans along twelve 50 metre-spaced drill setups. We believe this drill density will provide sufficient detail to accurately characterize the geology of the mineral system. We recently received permit approvals for up to 100,000 metres of diamond drilling on the Project; this is Phase 2 of a 2-year plan. We're committed to advancing Manibridge efficiently and effectively. There's potential for bulk tonnage mineralization within 300 metres of surface and we intend to start defining it with this drill program," said James Sykes , CEO of Metal Energy.

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In spite of the resource's ubiquity and long history in multiple sectors, many investors know very little about it, overlooking the investment potential of this underhyped base metal.

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