Enerev5 Metals Inc. announced that Peter Copetti, Executive Chairman has relinquished these positions following the expiry of his management contract. Mr. Copetti has also resigned as a director of the Company. Mr. Copetti has been instrumental in restructuring and eliminating a significant portion of the Company's legacy debt since assuming a leadership role in August 2020 and leaves the Company with a much improved balance sheet and enhanced governance processes.

The board of directors wishes to thank Mr. Copetti for his significant contributions to the Company during his two year tenure as its chief executive officer, which co-incided with the severe challenges of the COVID pandemic, and positions Enerev5 to capitalize on developments in the green energy space. John O'Donnell, a current director of the Company, has been appointed as non-executive Chairman of the board of directors, and will also serve as interim Chief Executive Officer while the search for a permanent CEO is initiated. The Company does not presently intend to fill the vacancy on the board resulting from Mr. Copetti's resignation.

The Company will continue to pursue its active search for attractive projects and opportunities that are consistent with its energy metals focus.