First Energy Metals Limited (FEMFF.QB) (FE.CN)

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FIRST ENERGY METALS DRILLS 1.12 PERCENT LITHIUM OXIDE OVER 7 METERS IN DRILL HOLE LC-21-09 AT AUGUSTUS LITHIUM PROPERTY

Vancouver, B.C. – December 09, 2021 – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company) is pleased to announce results of drill hole LC21-09 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected a 39 meters spodumene pegmatite in which a 7-meter-wide zone assayed 1.12 percent (%) lithium oxide (Li2O) at 11 metres (m) drilled depth. The Company is also pleased to announce commencement of Phase 2 drill program on December 6 at the Property by Forage Hebert Inc. Drilling of Amos, Quebec. The drilling company completed 5,847.15 Phase 1 drilling on the Property and is again contracted for this work.

Highlights (see Table 1 for details)

A 39 metres wide spodumene pegmatite intersection (from 7 to 46 m drilled depth) with average 0.17 % lithium (Li) or 0.37% Li2O. There are four higher grade intersections included within this wider pegmatite as listed below.
- Seven-meter wide spodumene pegmatite zone with 1.12% Li2O at 11 m drilled depth.
- Two-meter wide spodumene pegmatite zone with 0.90% Li2O at 22 m drilled depth.
- Two-meter wide spodumene pegmatite zone with 0.74% Li2O at 26 m drilled depth.
- Two-meter wide spodumene pegmatite zone with 0.31% Li2O at 44 m drilled depth.

Drill hole LC21-09 was drilled at Canadian Lithium / Beluga Prospect, UTM location: 284822E, 5368321N (NAD 1983 UTM Zone 18N), Azimuth 48.2 degrees, Dip -44.2 degrees with a total drilled depth of 147 m. All intersections reported are based on drilled width and have not been converted to the true width. The drill core was logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks were inserted at industry standard intervals. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2). ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

For the Phase 2 drill program, a B-20 drill rig has been deployed which has a capacity to drill up to 1,000-meter-deep hole. The core shack built during Phase 1 drilling at the village of St-Dominique du Rosaire located about 50km from the Property will be used for drill core logging, sample preparation and storage.

Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

ON BEHALF OF THE BOARD OF

FIRST ENERGY METALS LTD.

“Gurminder Sangha”

Gurminder Sangha

President & Chief Executive Officer

For further information, please contact the Company at: gsangha@firstenergymetals.com

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-looking Information

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the Company’s information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Table 1: Drill Hole LC21-09 Assay Highlights

Analyte Symbol	Depth	Depth	Total	Li	Li2O
Unit Symbol	M	M	M	%	%
Detection Limit				0.01
Analysis Method	From	To	Length	FUS-Na2O2
201557	7	8	1	0.13	0.28
201558	8	9	1	0.08	0.17
201559	9	10	1	0.34	0.73
201561	10	11	1	0.06	0.13
201562	11	12	1	0.10	0.22
201563	12	13	1	0.13	0.28
201564	13	14	1	0.40	0.86
201565	14	15	1	0.46	0.99
201566	15	16	1	1.26	2.71
201567	16	17	1	0.98	2.11
201568	17	18	1	0.33	0.71
and including	11	18	7	0.52	1.12
201569	18	19	1	0.02	0.04
201571	19	20	1	0.03	0.06
201572	20	21	1	0.02	0.04
201573	21	22	1	0.02	0.04
201574	22	23	1	0.32	0.69
201576	23	24	1	0.52	1.12
and including	22	24	2	0.42	0.90
201577	24	25	1	0.04	0.09
201578	25	26	1	0.03	0.06
201579	26	27	1	0.13	0.28
201581	27	28	1	0.56	1.20
and including	26	28	2	0.35	0.74
201582	28	29	1	0.03	0.06
201583	29	30	1	0.04	0.09
201584	30	31	1	0.05	0.11
201585	31	32	1	0.01	0.02
201586	32	33	1	0.04	0.09
201587	33	34	1	0.03	0.06
201588	34	35	1	0.03	0.06
201589	35	36	1	0.04	0.09
201591	36	37	1	0.03	0.06
201592	37	38	1	0.02	0.04
201593	38	39	1	0.03	0.06
201594	39	40	1	0.03	0.06
201595	40	41	1	0.06	0.13
201596	41	42	1	0.02	0.04
201597	42	43	1	0.02	0.04
201598	43	44	1	0.03	0.06
201599	44	45	1	0.19	0.41
201601	45	46	1	0.10	0.22
and including	44	46	2	0.15	0.31
Total Width / Average	7	46	39	0.17	0.37

Note: A standard conversion factor of 2.15 was used to report Li to Li2O values

All intersections reported are based on drilled width and have not been converted to the true width.

source: First Energy Metals Ltd

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About First Energy Metals Limited

WELCOME TO FIRST ENERGY METALS
First Energy Metals is a publicly traded Canadian mineral exploration company with a primary focus of acquiring a multi-commodity mineral property portfolio. Our goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal, and industrial metals sector.

Gurminder Sangha
Chief Executive Officer and Director
Mr. Sangha is experienced in the financial industry with a particular focus of providing advisory services to both private and publicly traded companies. He brings over 18 years of diverse experience related to financial management, business leadership, and corporate strategy. While serving as a board member of various publicly traded listed companies he has led initiatives related to corporate finance, business development, and corporate governance. Mr. Sangha holds a MBA from both Queens University and Cornell University.

Jurgen Wolf
Chief Financial Officer and Corporate Secretary
Mr. Wolf has been involved in the oil and gas industry for more than 15 years, assisting public companies with investor relations and administration. Mr. Wolf was educated in Germany and immigrated to Canada in 1953. From 1958 to 1982 he operated and owned pre-cast concrete factories in Calgary and Vancouver, and from 1982 to 2002 he operated and owned J.A. Wolf Projects, Ltd., a commercial construction company. Mr. Wolf was President and a director of former US Oil and Gas Resources Inc., which amalgamated to form Petrichor Energy Inc. in 2005. Mr. Wolf is a director of several public companies.

Mr. Craig Alford(P.Geo)
Director
Mr. Alford holds both a Bachelor of Science (Hons) and a Master of Science in Geology. He is a registered Professional Geoscientist (P.Geo) in Ontario and is a Qualified Person, as defined in National Instrument 43-101. During his 30 years of experience worldwide, Mr. Alford has designed, managed and provided technical direction for projects throughout North and South America, China, Central Asia, Russia, Australia and Africa. Mr. Alford’s experience has included senior positions for a number of large mining companies including, Zijin Mining Group, China Railway, and Teck Mining Ltd.

Mr. Alford’s tenure with the Zijin Mining Group he was part of the team that was responsible for an approximate $80 million investment in Pretium Resources Inc. Pretium now has production targeted for its Northern BC, Canada site in 2017. The other major investments Mr. Alford was involved with at Zijin was the $298 million investment into Barrick Gold Porgera mine and the $412 million investment into Ivanhoe Mines Ltds’ Kamoa Copper Project. The Kamoa project is expected to be one of the biggest copper mines in the world. He has directly negotiated with several Heads of State, as well as assisting the World Bank and the China-Africa Development Fund in tax policy, planning and investment risk.

Jason Grewal
Director
Mr. Grewal is a solicitor in England and Wales and admitted as an attorney in the state of New York. He has studied law at the London School of Economics, and holds a law degree from the University of London, an LLM in international business law from the IE Law School in Madrid and an MSc in global finance from Cass Business School in London. He has experience working in Canada, the United States and the United Kingdom, and in Europe. He has advised on various capital market transactions in various jurisdictions, and has experience working with both international law firms and multinational corporations.

Jodie Gibson
Director
Mr. Gibson is an exploration geologist with over 14 years mineral exploration experience throughout the North American Cordillera from Alaska to Mexico; including syngenetic and epigenetic precious and base metal systems. He was the Project Manager of the Underworld Resources Inc. exploration team that discovered and defined the Golden Saddle and Arc deposits. These assets were subsequently sold to Kinross in 2010 for $139 million. Prior to joining the Company, Mr. Gibson was serving as Vice President Exploration for White Gold Corp where he oversaw over $30 million in exploration activities over the previous three years with highlights including expansion of the Golden Saddle and Arc deposits and five new discoveries across the White Gold district: including the high-grade Vertigo discovery on the JP Ross property.

Jodie was recognized as the 2020 Yukon Prospector of the Year. Mr. Gibson holds a Bachelor of Science Degree and a Master of Science Degree from Indiana State University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Gibson is a US citizen with Canadian Permanent Resident status.

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