Clean Air Metals Announces Leadership Appointments and Provides Corporate Update

THUNDER BAY, ON, March 14, 2022 /CNW/ – Clean Air Metals Inc. (“Clean metals from the air“or the”Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce the appointment of Sir. Kris Tuuttila as Director of Sustainability, Permits and Community Relations for the company. Besides, dr. Geoff Heggie was promoted to VP-Exploration for the company.

The Company has also launched a search for a Chief Operating Officer (COO) who will lead the engineering studies to move the Thunder Bay North project to completion. Immediate priorities will include metallurgical optimization at the pre-feasibility level and exploring options to achieve net-zero emissions related to the start of feasibility studies on its platinum, palladium, copper and nickel project at Thunder Bay North Project, Ontario , Canada. The project is described on https://cleanairmetals.ca/projects/thunder-bay-north/in accordance with the preliminary economic assessment (PEA) technical report recently published on SEDAR (press release December 1, 2021; January 12, 2022).

The Company recently published its “Clean Air Metals Inc. – 2021 ESG Report” (Press release January 272022) which is available on the Clean Air Metals website at https://cleanairmetals.ca/esg/esg-report/. The publication of the ESG report is linked to the Company’s objective of transparency and continuous improvement with regard to health and safety, the environment, the community and the development of human resources, as set out in its policy of sustainable development at https://cleanairmetals.ca/site/assets/files/5703/cam_sustainability_policy_rev01_mar01_2021_1.pdf).

The Company currently has two diamond drill rigs in operation on the Thunder Bay North project, focused on increasing the drilling density in the PEA mine plan in preparation for feasibility studies and bulk drilling sampling. diameter year by year as part of the PEA mining plan proposed for metallurgical optimization. . A third drill rig will be mobilized to more remote virgin field exploration sites outside the mine plan area in an effort to search for the source of the high-grade massive sulphide intersections identified in the system (press release July 6, 2021).

Biographies of appointees

Sir. Kris Tuuttila, B.Sc., P. Geo. (Limited) brings 19 years of management experience in environmental consulting for projects across Canada. He has led multi-disciplinary environmental projects and impact assessments related to various stages of mining development in northern Ontario, including at the Lac des Iles palladium mine 60 km northwest of the Thunder Bay North project. Kris has developed meaningful relationships with various Indigenous communities in the Northwest Ontario and was instrumental in signing several partnership agreements to provide economic and training benefits to First Nations communities in the region.

dr. Geoff Heggie, P. Geo. previously worked on the Thunder Bay North project for 7 years. He received his Bachelor of Science in Geology from the University of Saskatchewan, his M.A. from Lakehead University and his Ph.D. from the University of Western Australia. Geoff is an expert in hosted ultramafic/mafic Ni-Cu-PGE deposits and Mid-Continent Rift geology in North America. Geoff joined the Clean Air Metals team as Exploration Manager. Previously as a senior geologist at Noront, Geoff was involved in the systematic integration of geology and geophysics by the Noront team, which resulted in the discovery of the McFaulds No. 8 VMS lenses from the Nikka deposit.

The Company also announces the resignation of Ms. Dawn Lamswood, M.Sc., P.Geo. from the position of VP-Exploration. Ms. Lamswood will continue as a senior geological consultant to the company, working closely with Dr. Heggie.

Under the company’s approved stock incentive plan, officers and directors of the company received 1,148,999 restricted stock units (RSUs) and 1,400,000 long-term incentive (LTI) stock options during 5 years at an exercise price of CA$0.30. The total outstanding shares granted under the stock incentive plan for all employees now amounts to 6.49% of the issued and outstanding shares.

CEO of Clean Air Metals Abraham Droststated that: “Following the recent decision of the Company $12.5 million financing, these senior management appointments demonstrate the Company’s commitment to the sustainable mining development of the Thunder Bay North project. The project features a rare combination of cutting-edge platinum, palladium, copper and nickel grades, proximity to infrastructure and skilled labor, and relatively low initial capital intensity.

The Company and its First Nations partners from Fort William First Nation, Red Rock Indian Band and Biinjitiwaabik Zaaging Anishinaabek have an unprecedented opportunity for regional economic development in Thunder Bay North (press release January 11 and 28, 2021).

We also extend our best wishes to Dawn Lamswood and wish her every success personally and professionally as she continues to work closely with the Company and other clients. Dawn has made a solid contribution to starting the company, which is much appreciated.”

About Clean Air Metals Inc.

Clean Air Metals’ flagship asset is the 100% owned high-grade Thunder Bay North Project, a platinum, palladium, copper and nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles mine owned by Impala Platinum. The Thunder Bay North project hosts twin magma conduits hosting the Current and Escape deposits, forming the basis of a positive Preliminary Economic Assessment (PEA) around an efficient underground mine access ramp December 1, 2021.

Executive Chairman Jim Gallagher and CEO Abraham Drost leading an experienced team of geologists and engineers who use the stratigraphic and mineral deposit model of the Norilsk magma conduit to guide ongoing exploration and development studies at Thunder Bay North. As the former CEO of North American Palladium Ltd. which owned the Lac des Iles mine prior to the sale to Impala Platinum in December 2019Jim Gallagher and his team are credited with the story of turning around the Lac des Iles mine and creating significant shareholder value.

Social engagement

Clean Air Metals Inc. and its wholly owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Project is within the traditional territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging Anishinabek. The parties together are cooperating participants in a Memorandum of Understanding dated January 9, 2021.

The Society appreciates the opportunity to work in these territories and remains committed to recognizing and respecting those who have lived, traveled and gathered in the lands since time immemorial. Clean Air Metals is committed to protecting Indigenous heritage and remains committed to establishing, fostering and encouraging a respectful relationship with First Nations, Métis and Inuit peoples based on the principles of mutual trust, respect, reciprocity and collaboration. in a spirit of reconciliation.

ON BEHALF OF THE BOARD OF DIRECTORS

“Abraham Drost”
Abraham DrostCEO of Clean Air Metals Inc.

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

Caution Regarding Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the potential of the Thunder Bay North project and the Escape and Current deposits and the timing of technical studies (including including feasibility studies) and mineral resource estimates. . Forward-looking statements relate to information based on management’s assumptions, forecasts of future results and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: political and regulatory risks associated with mining and exploration; risks associated with maintaining stock market listings; risks related to environmental regulation and liability; the possibility of delays in exploration or development activities or in the completion of feasibility studies; uncertainty of profitability; risks and uncertainties relating to the interpretation of drilling results, geology, grade and continuity of mineral deposits; risks relating to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; the results of pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not meet the Company’s expectations; risks related to fluctuations in commodity prices; and other risks and uncertainties relating to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure filing. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those described in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company’s expectations or projections.

SOURCE Clean Air Metals Inc.

For further information: Abraham Drost, CEO of Clean Air Metals Inc., Phone: 807-252-7800, Email: [email protected]

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