European Energy Metals announced that it has further report on and summarize the conclusion of an extremely successful Phase I exploration program on its Central Finland Lithium Project. Located multiple lithium bearing pegmatites on its reservations, taking a total of 1,099 rock chip grab samples in the process: Nabba Reservation - Kyrola Zone. 350m by 110m spodumene-bearing boulder field discovery, where 49 rock chip grab samples ran from 3.84% Li2O to 0.003% Li2O, with 15 of the 49 samples returning grades in excess of 0.50% Li2O (Li2O = lithium oxide).

Nabba Reservation - Kaitnabba Zone. spodumene- bearing boulder cluster discovery, where 2 rock chip grab samples returned 1.57% and 1.01% Li2O. Lappajarvi East Reservation - Pisto Zone.

outcropping megacrystic, two-mica granite and quartz-feldspar-muscovite-tourmaline pegmatite swarm mapped over several km's returned multiple rock chip samples in the 100's of ppm lithium with a highlight value of 250 ppm lithium. the multi-element geochemistry suite shows similarities to one of the lithium bearing pegmatite zones at the Keliber project to the east. Submitted applications for two exploration licenses totaling 4,550 hectares (ha) within the Nabba reservation including the 2,812 hectare Nabba license encompassing the Kyrola discovery.

exploration licenses are required to commence trenching and drilling. Significantly increased the land package through acquisition and staking. acquired 7 highly prospective mineral reservations totaling 31,065 hectares through the acquisition of BB Gold Inc. and its wholly owned Finnish subsidiary Sisu Exploration Oy.

staked three additional mineral reservations totaling 23,000 hectares proximal to the Company's current licenses. The company's projects are in the Kaustinen-Seinajoki region which is highly prospective for LCT pegmatite deposits, as evidenced by the success of the Geological Survey of Finland (GTK) and subsequently Keliber Oy in discovering significant Li-bearing spodumene pegmatite prospects and deposits in the region. The initial success in identifying lithium-rich pegmatitic boulders from the Phase 1 program is very encouraging, as the area is topographically flat and extensively covered by a thin veneer of glacial overburden.

On the basis of these results the Company has recently submitted applications for Exploration Licenses ("EL's") covering an area of 4,550 hectares within it's 11,690 hectare (ha) Nabba Reservation, including the area around the Kyrola Prospect. The Nabba EL (2,812ha) and Nabba 2 EL (1,738ha) are located on the northern half of the Company's Nabba Reservation and adjacent to the Keliber Projects of Sibanye-Stillwater. Under an Exploration License or EL, the Company would be permitted to undertake more advanced exploration such as detailed base-of-till (BoT) sampling, trenching and diamond drilling.

Overning bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and, specifically, lithium. The company's concessions are located within 15 kms of the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.

An estimated EUR600 million investment by Keliber's parent company Sibanye-Stillwater Limited in partnership with the Finnish Minerals Group is underway in the Kautinen Region and will see the development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. A detailed assessment of the Kautinen region is expected to begin production in the Kautinen Region.