New Energy Metals Corp. announced the successful completion of its initial exploration program and the discovery of Pegmatites at the Roslyn Lithium Project (the "Property") in the Georgia Lake Pegmatite field located 50 km northeast of Nipigon, Ontario. The Property comprises 12 mining claims (254 cells) covering approximately 5,100 hectares.

The Georgia Lake Pegmatite Field is being aggressively explored and developed by Rock Tech Lithium, Imagine Lithium and Ultra Lithium. Work Program Highlights: While assay results are still pending, preliminary LIBS testing conducted on the Property revealed anomalous lithium values in the range of 100 to 15,600 parts per million (ppm) Li (1.56% Li or 3.35% Li2O) in the majority of the 36 samples tested. Following the initial LIBS SCANS, 23 samples were selected for assays at an independent certified laboratory.

Handheld laser-induced breakdown spectroscopy (LIBS) was employed, a cutting-edge technology that has emerged as a valuable tool for immediate geochemical analysis during initial scanning, aiding in the selection of interesting samples for laboratory analysis. The LIBS device is capable of on-site measurement of lithium content in minerals, rocks, soils, and brines. Due to extensive moss coverage and dense vegetation on the rocks, a drone was employed during the fieldwork to identify potential pegmatite outcrops and other geologically promising rock formations.

The pegmatite formations consist of quartz, white feldspar and pink k-feldspar, muscovite, some yellowish-green muscovite flakes approximately 1 cm in size, amphibole, some biotite, and a few traces of garnet in certain locations. Several pegmatites were mapped and sampled during the fieldwork. These pegmatite formations exhibited varying thicknesses, ranging from a few centimeters to 5 meters, and were found within diverse geological formations, including metasedimary, granodiorite and granite lithologies.

The Property is underlain by muscovite bearing granites, felsic intrusives, mafic metavolcanics, and metasedimentary rocks which are trending east west. The Georgia Lake Pegmatite Field represents the largest concentration of rare-element mineralization in northwestern Ontario. The 32×105 km field hosts 38 rare-element occurrences and 10 spodumene pegmatite deposits (Breaks et al., 2008).

Breaks et al, 2008 discovered 19 additional rare-element occurrences and recommended additional exploration proximal to the fertile Glacier Lake Batholith bodies in contact with metasediments. The Roslyn property is located on the eastern side of the Georgia Lake Pegmatite Field. The Property is hosted by a muscovite-bearing granite, an S-type peraluminous fertile parental granite according to Breaks et al., 2003 and in contact with metasediments which make excellent hosts for pegmatites.

Numerous faults transect the Property providing excellent pathways for granitic melts and evolving pegmatites. Several white pegmatites with garnet and tourmaline have been documented and mapped on the Property by the OGS in 1970 (Ontario Department of Mines map M2293). These are very good indications of fertile granitic melts.