New Energy Metals closes $50,040 financing

Mr. Kenneth Kaczkowski reports NEW ENERGY CLOSES NON-BROKERED PRIVATE PLACEMENT New Energy Metals Corp. has closed a non-brokered private placement of 278,000 units at a price of 18 cents per unit for gross proceeds of $50,040. Each unit consists of one common share and one transferable common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional share at a price of 25 cents per share for a period of two years from the date of issuance. The company intends to use the net proceeds from the offering for general working capital purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The offering remains subject to final approval by the TSX Venture Exchange. About New Energy Metals Corp. New Energy Metals is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. The company has an option to purchase a 100-per-cent interest in the Troitsa copper property, covering approximately 7,000 hectares, located in the Omineca mining division of British Columbia. We seek Safe Harbor.