Agreement To Acquire Strategic Stake in Namibia Critical Metals

HALIFAX, NS – Namibia Critical Metals Inc. announced that Bannerman Energy Limited, an Australian listed uranium development company, has entered into an agreement to acquire 82,290,680 common shares (41.8%) of NMI pursuant to a private share purchase agreement with two shareholders of the Company, including Philco 192 (Pty) Ltd. which holds 75,201,603 shares (38.2%) of NMI (NMI Share Acquisition). Bannerman has announced that the NMI Share Acquisition is expected to complete within 30 days.