Fundamental Research Corp. Publishes Equity Analyst Research Report Initiation of Coverage of New Age Metals

FRC's research report on New Age Metals was written and produced by senior analyst Siddharth Rajeev, B.Tech (Electronics Engineering), MBA (Finance), CFA, Vice-President - Head of Research. FRC's research department, headed by Sid Rajeev has covered over 300 small and micro-cap companies and 150 exempt market/private issues from a broad array of industries including Energy, Mining, Real Estate and Technology. Sid Rajeev regularly provides media commentary on the valuation of small cap stocks and industries he covers. He also manages the FRC list of Top Picks, which are the stocks under FRC's coverage which he has the highest conviction level about. These picks have historically helped FRC to a high rating in various third-party analyst performance rankings. He is also coauthor of two online courses including the very successful "Evaluation of Junior Mining Companies for Investment Purposes" which has evolved into classroom courses, seminars, and is in demand at investment conferences across North America.

The FRC report is currently available to view, or to download, from FRC's website - www.researchfrc.com or upon written request from FRC: Fundamental Research Corp. Analysts: Sid Rajeev Suite 308 - 1155 West Pender Street Vancouver, BC, Canada V6E 2P4 telephone: 604-682-7050, fax: 604-682-7001, email: info@researchfrc.com. The report is also available on our website at www.newagemetals.com.

ABOUT NAM'S PGM DIVISION

NAM's flagship project is its 100% owned River Valley PGM Project (NAM Website - River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada's largest primary undeveloped PGM deposit. The most recent 43-101 (2012) indicates 91 million tonnes in Measured + Indicated resources, at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces in Measured + Indicated and another 1,200,000 PdEq ounces in Inferred. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion. Currently the company completed new ground geophysics and is in the middle of a drill program focused on the Pine and Dana North Zones. The first set of drill results was released on September 20, 2017, click here for more.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project's mineralized strike length to the southern portion of the intrusion.

ABOUT NAM'S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM's Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company's Li division.

The opinions expressed in the Research Report referenced above are the true opinions of the analyst about New Age Metals and its industry. Any "forward looking statements" are FRC's best estimates and opinions based upon information that is publicly available and that analysts believe to be correct, but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst's forecasts will materialize. Actual results will likely vary. The analysts and Fundamental Research Corp. "FRC" do not own any shares of New Age Metals, do not make a market or offer shares for sale of New Age Metals, and do not have any investment banking business with the New Age Metals. Although the Company has paid a fee to FRC to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst's report and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101") and have not received any endorsement or approval by New Age Metals. As such, New Age Metals does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding New Age Metals made by research analysts complies with NI 43-101 or represent the opinions or beliefs of New Age Metals or its management or representatives.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

"Harry Barr"

Harry G. Barr

Chairman and CEO

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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