Toronto, Ontario - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) (Enerev5 or the 'Company') announces exploration plans for its 'Barbara Bay' nickel, copper, cobalt project in Quebec that comprises about 33,200 hectares of contiguous claims.

The Barbara Bay property (Figure 1) is located 100 km northeast of Sept Iles, Quebec west of and adjacent to Lake Manitou. The property encompasses the entire contact of the Turtle Anorthosite Complex (TAC). Historic work by Soquem Inc. (Soquem) in the 1990s discovered outcrops of sulphide in anorthosite (see Figure 2) composed mainly of pyrrhotite and chalcopyrite and containing anomalous nickel (Ni), copper (Cu) and Cobalt (Co). Although the TAC was fully mapped (Figure 3), very little exploration has occurred at the contact which was considered by Soquem to be favorable for Ni-Cu-Co mineralization (1997).

Drilling within the intrusion by Soquem was limited to a single drillhole which encountered a narrow zone of sulphide mineralization that returned 0.42% Ni, 0.17% Cu and 0.06% Co over 0.5 m. The drillhole did not intersect the contact and ended in a leucogabbro-norite at 197 m.

Subsequent airborne surveys in 1997/98 (see Figure 4) identified several conductors at or near the interpreted contact that do not appear to have been followed up. This vintage of survey is expected to be accurate to no better than 50-100 metres, enough resolution for staking purposes but not enough for a direct drilling program.

The Barbara Bay Property encircles the TAC which is about 250 km2 in size. This represents almost 60 km of favorable contact between the anorthosite and the surrounding gneissic and granitic country rocks. Enerev5 is preparing for a March 2023 airborne survey to identify conductive sulphide mineralization along the TAC contact for a follow-up drill program anticipated to be as early as summer 2023.

About Enerev5 Metals Inc.

Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) is a Canadian resource company focusing on exploration and development potential related to energy metals such as nickel, copper, cobalt, and other strategic battery minerals, as well as other net zero related assets.

Contact:

John F. O'Donnell

CEO and Chairman

Enerev5 Metals Inc.

Telephone: +1-647-966-3100

Website: www.enerev5metals.net

Forward-Looking Statements

This release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future activities and events or developments that the Company expects are forward-looking statements. .Such statements include those regarding the anticipated exploration activities on the Barbara Bay property. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation, and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, including the continuing effects of the COVID pandemic and the situation in Ukraine. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review registered filings at www.sedar.com or on its website at www.enerev5metals.net.

(C) 2022 Electronic News Publishing, source ENP Newswire