TSX.V:CUCO | FSE:BC21 | OTCQB:NDENF

African Energy Metals Commences Trading

Vancouver, British icc Columbia–(February 7, 2022) – African Energy Metals Inc. (TSXV: CUCO) (FSE: BC21) (OTCQB: NDENF) (the “Corporation” or “African Energy Metals“) is pleased to announce it has completed a corporate name change and will begin trading on the TSX Venture Exchange under a new stock ticker symbol “CUCO” at the start of trading on today’s date.

Stephen Barley, Executive Chairman stated: “The move to electrification and EV’s coupled with decarbonization to achieve net zero global warming goals, has and will continue to increase the demand for energy metals and in particular copper, cobalt, and lithium energy metals. The DRC produces over 70% of the worlds annual supply of cobalt, has what will become the world’s largest and richest copper mine, and has the world’s largest lithium deposit. The Company has had a presence in the DRC for over eight years and is poised to take advantage of what will be a deficit in the supply of energy metals. The change of our corporate name to African Energy Metals is an indication of a renewal of our original focus on the metals of the utmost importance for clean energy. Our compelling and aggressive carbon credit program reflects African Energy Metals commitment to the environment and sustainable alternate energy.”

About African Energy Metals Inc.

 African Energy Metals is a natural resource company with a focus on the acquisition, exploration, development, and operation of copper, cobalt, and lithium energy metals projects in the DRC. The Company is implementing a carbon credit program complementary to mining operations. The carbon credit program will meet important ESG requirements and present an opportunity for a significant early revenue stream. African Energy Metals has the intention to acquire interests in additional concessions or relinquish concessions in the normal course of business. African Energy Metals has an experienced management team located in the DRC.

For further information, please contact:

Stephen Barley, Chairman & CEO
Phone: (604-834-2968)
Email: info@africanenergymetas.com
Website: www.africanenergymetals.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain “forward-looking information” within the meaning of applicable securities laws including, but not limited to the Corporation’s intention to become involved in advanced stage mining projects in the DRC; the satisfactory completion of due diligence on the Musefu Gold Project; the closing of the acquisition of the Musefu Gold Project; the origin and methodology of historic assay results; the ability to use open-pit mining techniques and the completion of the announced necessary financings to fund the Corporation. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation its securities, or its financial or operating results.

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