Resource World Magazine

Carson Phillips, MEng, VP of Corporate Development Direct: +1-604-657-5871 Email: cphillips@cleanairmetals.ca www.cleanairmetals.ca Clean Air Metals Inc. is Canada's newest platinum-palladium explo- ration company. Noting the drive for carbon-free transportation, the new management team is focused on two platinum-palladium-nickel- copper exploration projects in the Thunder Bay region of northwest- ern Ontario. The development of the now-consolidated Thunder Bay North and Escape Lake projects provides the company with exposure to both PGE-rich catalytic converter applications utilized by internal com- bustion engines as well as nickel and copper applications for electric vehicles. Some 85% of palladium consumption is attributed to use in cata- lytic converters to reduce harmful emissions generated by gasoline and diesel engines. Nickel is one of the metals used in the batteries of electric vehicles while copper is used in the windings of electric ve- hicle motors. These metals will see increasing demand as there is a global shift to lower automobile emissions from internal combustion engines as well as a growing acceptance of electric vehicles as range anxiety dimin- ishes with more advanced battery technology. New Executive Chairman Jim Gallagher, who recently as CEO over- saw the sale of North American Palladium for C$1 billion in cash to Im- pala Platinum Holdings of South Africa, determined that the Thunder Bay North and Escape Lake PGE-Ni-Cu projects represented a signifi- cant opportunity and joined the Clean Air management team. Historically, nearly C$100 million has been spent to explore the two projects. However, Clean Air was able to acquire both assets for C$15 million in cash with half on closing for both assets and the balance to be paid to Vendors Panoramic Resources of Australia and Rio Tinto under option with Benton Resources in equal installments over three years. In conjunction with the acquisition of Thunder Bay North and Es- cape Lake, the company also closed a concurrent $15 million sub-re- ceipt financing in February 2020 which included a $2 million invest- ment by legendary mining investor/financier Eric Sprott. The company expects to resume trading on the TSX Venture Exchange with the stock symbol AIR by the end of April . Upon trading, Clean Air Metals will have 125.08 million shares outstanding. Over 780 holes have been drilled on the Thunder Bay North prop- erty that formed the basis for a historical Indicated Mineral Resource totaling 9.8 million tonnes grading 2.3 g/t platinum equivalent. This deposit also features significant high-grade massive sulphides. For ex- ample, past intersections have been encountered that included mas- sive sulphide intercepts of 2.6 metres grading 97.98 g/t Pd+Pt+Au and 14.9% Cu+Ni. These strikingly high grades are the result of what are known as magma conduit systems that are being mined at the Norilsk and Tal- nakh deposits in Russia, the Eagle deposit in Michigan and Voisey's Bay, Labrador. Veteran explorer Abraham Drost, who also joined the Clean Air management team, notes, "We are fortunate to have a number of em- ployees and consultants who cut their professional teeth at Voisey's Bay, including Dawn Evans-Lamswood, Clean Air's VP-Exploration, who was with the project in the early days of Archean Resources, at the sale to Diamond Fields and ultimately to Inco, now Vale. Rio Tinto made a significant discovery at Escape Lake in 2011/12 when they en- countered multiple high-grade intercepts up to 33.4 metres at 7.28 g/t Pt+Pd+Au and 2.26% Cu+Ni in the Escape Lake intrusion. This discov- ery will be the focus of the company's initial Phase One drill campaign of 10,000 metres." Referring to the pending drill program, Drost said, "This multi-phase drill campaign should allow Clean Air Metals to better define the Es- cape Lake discovery and mineralized magma conduit to the north- west, towards completion of an NI 43-101 compliant resource which we are targeting to complete in the next 12-18 months." With the acquisition of two outstanding PGE-Ni-Cu projects whose metals are in demand that are located in a mine-friendly jurisdiction, Clean Air Metals is poised to prosper. Advancing two Ontario PGE-Nickel-Copper projects CORPORATE PROFILE Created by Resource World in partnership wlith Clean Air Metals Inc. TSX.V: AIR

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