PolyMet Mining : Glencore executive Matthew Rowlinson named to PolyMet board of directors

December 13, 2021 Glencore executive Matthew Rowlinson named to PolyMet board of directors

St. Paul, Minn., December 10, 2021 - PolyMet Mining Corp. ("PolyMet" or the "company") TSX: POM; NYSE American: PLM, today announced the appointment of Glencore executive Matthew Rowlinson to the board of directors, replacing Nathan Bullock, who stepped down. Mr. Rowlinson's appointment and Mr. Bullock's resignation is effective immediately.

Mr. Rowlinson leads business development for Glencore's copper assets group. He brings a broad range of mining and metals experience from multiple strategic finance roles across different production chains and geographies and exposure to global marketing strategies of different products. He has led and been involved with many of Glencore's copper divestments, mergers and acquisitions and has held various board positions for the group which included the Collahuasi and Antamina copper properties in Chile and Peru, respectively. Mr. Rowlinson is one of three Glencore members on the seven-member PolyMet board.

"We look forward to the contributions Mr. Rowlinson will make to our board with his project financing background and wealth of global financial leadership experience," said Jon Cherry, chairman, president and CEO. "We likewise are sincerely appreciative of the many meaningful contributions and insights Mr. Bullock made to the company during his board service."

Mr. Rowlinson began his career with Ernst & Young as an auditor of multinational mining and financial services companies in London, United Kingdom and South Africa. He joined Glencore in 2013 as an asset manager responsible for Latin American assets. He subsequently was named CFO of Copper Latin American Mining and Global Copper Smelting and Refining Assets, then CFO of Copper Latin American Mining and Joint Venture Assets Copper, followed by CFO, Copper Americas (mining and metallurgical assets). He was appointed to his current position earlier this year. Mr. Rowlinson is a qualified Chartered Accountant (South Africa) and holds an MBA from the University of Bath (UK).

Separately, the company and Glencore AG, a wholly owned subsidiary of Glencore plc, entered into a promissory note extension agreement to extend the term of the US$15 million initial principal plus accrued interest from December 31, 2021 to February 28, 2022. All other terms of the promissory note are unchanged.

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