Chairman's Message, 1 February 2017

We are pleased to update Our Shareholders thus far in 2017, and outline our plans for the balance of 2017 and beyond. Our equity funding objective, in 2017, is to raise additional capital to complete new milestones on our 100% owned River Valley PGM Project, near Sudbury, Ontario and to continue to fund our new Lithium Division. In early February 2017, the company changed its name from Pacific North West Capital Corp. to New Age Metals to better reflect our Two Metals Divisions and highlight our search for Green Metals. Your company also completed a 3 for 1 share share consolidation. This new corporate structure will allow for additional equity fund raising and was completed so we could meet the minimum funding price of five cents a share required by the Toronto Venture Exchange. Our technical team is finalizing the 2017 exploration plans and budgets for both divisions and announcements for our summer/fall work programs will be forthcoming

With regards to development funding, we are currently reaching out to Major Mining Companies, Mine Finance Companies and Metal Investment Groups, in order to find a Partner, committed to continue River Valley's Aggressive Development Program. Our Flagship Project, the River Valley Platinum Group Metals (PGM) Project, has made significant advances over the last few years and is now Canada's Largest Primary PGM Project.

River Valley is a Primary PGM deposit, like the Lac des Iles and Stillwater Mine deposits of Canada and USA, respectively. This means that the majority of potential Payable Metal, from a possible mining operation at River Valley, would be Palladium plus Platinum rather than Nickel plus Copper. Primary PGM deposits are rare outside of South Africa and Russia and River Valley is the Largest Undeveloped Primary PGM deposit in Canada. Sudbury is one of the Top 5 Nickel-Copper-PGM Sulphide Mining and Processing Centre's Globally. Part of our 2017 plan is to continue to raise Equity Capital, while making our best efforts to partner with a Major Mining Company and or a Private Equity Finance Company, to help NAM further develop the River Valley Project. In the meantime, we continue to fund the development or our Core Project, through equity.

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Management Team

Harry BarrChairman, CEO & Director

Harry Barr

Chairman, CEO & Director

Mr. Barr has over 30 years of experience in the Mining Industry, founding Freegold Ventures Limited (retired Oct 2007), Canalaska Uranium Ltd. (retired June 2007), Pacific North West Capital Corp. (currently President and CEO), and Fire River Gold Corp. (retired March 2011). Over the last 15 years, Mr. Barr has acted in various management capacities for El Nino Ventures Inc. (currently Chairman and CEO). Former president/CEO of Next Gen Metals. Next Gen Metals merged with Namaste Technologies in February 2016. Mr. Barr is no longer an officer or director, but remains a large shareholder. Southern Sun became Nevada Energy Metals in February 2016. Mr. Barr is no longer an officer or director, but remains a large shareholder. Mr. Barr is on the Board of Directors of Pacific North West Capital Corp., El Nino Ventures Inc., and Copper Reef Mining Corp. Mr. Barr has created shareholder value by building teams to assist him in corporate finance, project acquisition, and exploration and development of mineral projects in 9 countries and 3 continents. As a CEO, he has guided his management teams to complete over 43 option joint venture agreements with major mining companies, and over 300 with mid-tier and junior mining companies. Mr. Barr and his team have raised approximately $300 million in non-broker private placements, other equity arrangements and option joint venture agreements.

Trevor Richardson

President/Chief Operating Officer

Mr. Richardson is a Co-founder and Director of Caracle Creek International Consulting (CCIC), an International Geological consulting firm, with offices in South Africa and Canada. Trevor has extensive exploration experience, in Africa and Canada, in precious metals, more specifically Gold and Platinum Group Metals as well as base metals. Registered as a Professional Natural Scientist, under the South African Council of Natural Scientific Professions, Mr. Richardson has managed many multi-million dollar projects from conception through to exploration and production. Trevor was also the co-founder, CEO, President and Vice President/Director of various junior exploration companies on TSXV.

Trevor RichardsonPresident/Chief Operating Officer
Robert GuanzonChief Financial Officer

Robert Guanzon

Chief Financial Officer

Mr. Guanzon, CPA, CMA, has been in the field of accounting for more than 25 years. He has been involved in the financial reporting of junior mining exploration companies, pharmaceutical manufacturing business, research & development, real estate/property management, and project building construction. Mr. Guanzon holds a Bachelor’s degree in Accounting, a Certified Public Accountant (Philippines) and a member of Chartered Professional Accountants British Columbia. He brings extensive experience in dealing with financial matters and corporate strategy.

Charlotte Brown

Corporate Secretary

Ms. Brown is an administrator with over 15 years of experience in the corporate and securities industries in both public and private sectors. Ms. Brown has previously held positions as corporate secretary and corporate assistant for publicly traded companies. She currently holds the position of Corporate Secretary for El Nino Ventures and Pacific North West Capital Corp.

Charlotte BrownCorporate Secretary

Directors

Harry BarrChairman, CEO & Director

Harry Barr

Chairman, CEO & Director

Mr. Barr has over 30 years of experience in the Mining Industry, founding Freegold Ventures Limited (retired Oct 2007), Canalaska Uranium Ltd. (retired June 2007), Pacific North West Capital Corp. (currently President and CEO), and Fire River Gold Corp. (retired March 2011). Over the last 15 years, Mr. Barr has acted in various management capacities for El Nino Ventures Inc. (currently Chairman and CEO). Former president/CEO of Next Gen Metals. Next Gen Metals merged with Namaste Technologies in February 2016. Mr. Barr is no longer an officer or director, but remains a large shareholder. Southern Sun became Nevada Energy Metals in February 2016. Mr. Barr is no longer an officer or director, but remains a large shareholder. Mr. Barr is on the Board of Directors of Pacific North West Capital Corp., El Nino Ventures Inc., and Copper Reef Mining Corp. Mr. Barr has created shareholder value by building teams to assist him in corporate finance, project acquisition, and exploration and development of mineral projects in 9 countries and 3 continents. As a CEO, he has guided his management teams to complete over 43 option joint venture agreements with major mining companies, and over 300 with mid-tier and junior mining companies. Mr. Barr and his team have raised approximately $300 million in non-broker private placements, other equity arrangements and option joint venture agreements.

John Londry

Director

Mr. Londry received his B.Sc. and M.Sc. degrees in Geology from the University of Windsor. For the past 30 years Mr. Londry has been active in the mineral exploration and mining industry. Mr. Londry’s considerable experience encompasses both grass roots and advanced stage exploration projects throughout Canada, the United States and South America. Mr. Londry has held senior positions with Camflo, Noranda Exploration, Hemlo Gold Mines, and Battle Mountain Gold.

John LondryDirector
Michael NeumannDirector

Michael Neumann

Director

Mr. Neumann brings significant experience in the mining arena and has been Proprietor of Neumann Engineering and Mining Services, Inc. since 1993 providing international engineering services focusing primarily on underground hard rock engineering facets such as mine design, productivity improvements, rock mechanics, second opinions, peer reviews and other types of studies. Mr. Neumann is a graduate of Haileybury School of Mines and Michigan Technological University (Mining Engineering Degree) a member of the Canadian Institute of Mining, the International Society of Rock Mechanics and the Association of Professional Engineers of Ontario. Concurrent with his current position, from 2003 to 2006, Mr. Neumann was Director and Chief Operating Officer of Silver Eagle Mines Inc., (now Excellon Resources Inc.) a TSX listed Canadian-based silver exploration and development company focused on acquiring, exploring and developing high grade silver deposits among the silver mines in Mexico. Prior to this Mr. Neumann was Co- Founder and Director of the Engineering Seismology Group Inc. based in Kingston, Ontario. His early industry experience includes positions of Chief Engineer at Campbell Red Lake Mines and Underground Superintendent at Barrick’s Holt McDermott Mine.

Colin Bird

Director

Mr. Colin Bird is a chartered mining engineer and Fellow of the Institute of Materials, Minerals and Mining. He has spent over 20 years in operational mine management. He has extensive international experience in developing, financing and managing mines. He has been involved in the management of Nickel, Copper, Gold and other diverse mineral operations. He is responsible for listing several resource companies and has been the founder of a number successful companies significantly Kiwara Resources Plc and Pan African Resources Plc. Mr. Bird has served on resource company boards in the UK, Canada and South Africa. He has specific PGM industry knowledge generally gained in South Africa where he is the Chairman of Jubilee Platinum Plc an emerging platinum focused junior.

Colin BirdDirector

Advisory Board

Ali Hassanalizadeh, M.Sc, PGeo, MBAAdvisor

Ali Hassanalizadeh, M.Sc, PGeo, MBA

Advisor

Mr. Hassanalizadeh is a senior geologist who possess extensive experience in mineral exploration and project management. He graduated in geology in 1991 and completed his M.Sc. in Petrology in 1995. In 2010 he completed an MBA at Queen’s University, building on his experiences as Project Geologist and Project Manager. Ali has been responsible for a number of Uranium, gold and base metal projects during his exploration career with various explorations companies. Ali is a member of the Association of Professional Engineers and Geoscientists of British Columbia.

Gordon Chunnett, B.Sc. (Hons)

Advisor

Mr. Chunnett has extensive global experience in platinum group metal (PGM) operations, exploration and mine development, with particular emphasis on Southern Africa. He has served with Anglo Platinum Limited for approximately 31 years as Head of Platinum Geology and Exploration. Mr. Chunnett has unparalleled experience in the Bushveld and Great Dyke, which served well for the exploration projects that he headed up in Brazil, Canada, Russia, China, Zimbabwe and elsewhere.

Gordon Chunnett, B.Sc. (Hons)Advisor
Ron HieberAdvisor

Ron Hieber

Advisor

Mr. Hieber is an Internationally recognized Expert, in Platinum Group Metals, and was Head of Worldwide Exploration, for Anglo Platinum, the world’s largest Platinum producer. He is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981.
In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital. At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

William Stone, M.Sc and Ph.D, Geology

Principal Consulting Geologist

Dr. Stone has held senior positions with international and Canadian mining and mineral exploration companies based in Vancouver and Toronto and has more than twenty-five years of exploration experience, including significant experience with platinum group metals (PGMs) and nickel-copper sulphides and a wealth of technical and practical experience. He served as Principal Geologist and Vice President of Exploration with several Canadian and Australian listed firms, including positions with WMC Resources Ltd. at Kambalda (Western Australia), location of world-class nickel sulphide and gold mining districts. Dr. Stone was also a Senior Lecturer in Economic Geology and Geochemistry at the University of Western Australia in Perth. Dr. Stone joins us from his most recent position as Vice-President of Exploration, Canada, for Magma Metals Ltd., where he was responsible for exploration of the recently discovered TBN PGE-Cu-Ni sulphide deposit near Thunder Bay, Ontario. Previously he served as Vice President of Exploration for North American Palladium Ltd., where he was responsible for PGE exploration at the Lac des Iles Mine near Thunder Bay and the APP Joint Venture Project in Finland, and gold exploration at the Sleeping Giant Mine near Amos, Quebec.

William Stone, M.Sc and Ph.D, GeologyPrincipal Consulting Geologist
Curt Freeman, M.Sc.Geological Consultant, Alaska/North America

Curt Freeman, M.Sc.

Geological Consultant, Alaska/North America

Mr. Freeman has over 30 years of experience in mineral exploration and is the founder of Avalon Development Corp. one of Alaska’s biggest and best known geological consulting companies. Mr. Freeman has worked with IMG and its companies within the group and has been an instrumental figure in the success of a number of exploration projects throughout Alaska.

Corporate Directory

Corporate Office

101-2148 West 38th Avenue
Vancouver, BC, V6M 1R9
Toll Free: 1-800-667-1870
Phone: +1-604-685-1870
Fax: +1-604-685-8045
info@newagemetals.com

Rockport Office

59 Burtch's Lane
Rockport, Ontario, K0E 1V0
Telephone: +1-613-659-2773

Registrar/Transfer Agent

Computershare Trust Company of Canada

510 Burrard Street
Vancouver, BC, V6C 3B9
Telephone: +1-604-661-9400
Facsimile: +1-604-661-9401

Auditors

James Stafford Chartered Accountants

1111 Melville Street, Suite 350
Vancouver, BC, V6E 3V6
Telephone: +1-604-488-2715
Facsimile: +1-604-669-0754

Legal Counsel

Beadle Raven LLP

600-1900 West Georgia Street
Vancouver, BC, V6E 3V7

Corporate Governance

For details on New Age Metals' corporate governance, please refer to the following documents: