CVMR® Delegation from Canada and China Visit Burundi

CVMR® delegation from Canada and China visited the Republic of Burundi to discuss their
Pre-Feasibility Study on Mukanda with the officials of the Ministery of Hydraulics, Energy and
Mines and to map out their full Feasibility Study for Mukanda, Waga and Nyabikere mineral
concessions.

Toronto, Canada, December 11, 2018 --(PR.com)-- A delegation of executives from La Société CVMR
Energy Metals Burundi SURL (CVMR®) headed by Kamran M. Khozan, Chairman and CEO, arrived in
Bujumbura on the 30th of November 2018. This was the third time the executives of CVMR® have
visited Burundi. Mr. Nanthankumar Victor Emmanuel, P.Eng., Chief Operating Officer of CVMR®, and
a team of geologists from China accompanied Mr. Khozan. Another team of six geologists and mining
engineers will follow after the Christmas holidays.

The delegation met with the Right Honourable Pierre Nkurunziza, President of the Republic of Burundi,
the Honourable Côme Manirakiza, Minister of Hydraulics, Energy and Mines and officials of the
Ministry to discuss the Pre-Feasibility Study on the mineral concession of Mukanda that was submitted to
the Burundi government in April of this year. The delegation visited the mineral concession of Nyabikere
in order to map out the upcoming full Feasibility Study due to start in the first quarter of 2019.

La Société CVMR Energy Metals Burundi SURL (CVMR®) is a subsidiary of CVMR Energy Metals
Inc., of Canada. The Cabinet of the government of Burundi approved and awarded the mineral
concessions of Mukanda, Waga and Nyabikere to CVMR®. The Right Honourable Pierre Nkurunziza,
President of Burundi ratified the final decrees of Waga and Nyabikere concessions on the 14th of
September 2018.

To date, CVMR®has spent over $40,024,000.00 US dollars on the Pre-Feasibility Study and Feasibility
Study of these concessions. Mukanda has an estimated market value of $2 billion US dollars in proven
reserves of vanadium and titanium, which cover an area of 144 square kilometers. Two previous surveys
conducted by the United Nations and later by a Swedish mining company had confirmed a total of
6,500,000 metric tons of vanadium “Proven Reserves,” 7,300,000 metric tons of Probable and 5,000,000
metric tons of Possible, vanadium reserves.

The Pre-Feasibility Study of Mukanda was completed with the participation of Jacob Mining
Engineering. It forecasts a net cash flow of over $1.6 billion US dollars over 10 years at a capital cost of
approximately $250 to $300 million US dollars. The result of the Pre-Feasibility Study for Mukanda was
sent to the Ministry of Hydraulics, Energy and Mines of Burundi for their review and evaluation. The
Pre-Feasibility Study was approved by the Burundi government and CVMR®was given the green light to
proceed with a full Feasibility Study in accordance with “NI 43-101” standards of Canada in September
2018.

Although CVMR®'s Pre-Feasibility Study on Mukanda confirmed the accuracy of previous findings of
its mineralization, the surveys will have to be repeated once more in accordance with NI 43-101

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regulations. CVMR® will be using the expertise of DRA Global Engineering and Jacob Mining
Engineering to complete the process. Jacob Mining Engineering's representative in Burundi confirmed the
receipt of funds ($40,024,000 USD) from CVMR® to complete the Feasibility Study for the concessions.

Waga and Nyabikere jointly cover some 218 square kilometers of land and have a total estimated reserve
of 1,088,000 metric tons of nickel, 25,200,000 metric tons of iron, 30,000 metric tons of cobalt and
17,800 metric tons of copper at a total estimated current value of $30 billion US dollars. CVMR®
estimates that the total cost of the Feasibility Studies for the three concessions will top $60 million US
dollars.

About CVMR®

In the past five years CVMR® in cooperation with one of its wholly owned subsidiaries, M-Power
Corporation, has been developing state of the art battery components that produce batteries that are
efficient alternatives to the current rechargeable batteries, creating a new paradigm in energy storage. The
minerals in the Burundi concessions (nickel, cobalt, vanadium, copper) are essential for the manufacture
of such batteries.

Off grid intermittent energy sources, such as solar, wind and wave, require effective, inexpensive and
efficient energy storage. Power storage backup systems are essential for uninterrupted delivery of
electrical current, load levelling and grid energy storage systems. The massive expanding market for
electronic cars and other devices requires a variety of different batteries with varied storage and discharge
capabilities.

According to the Chinese government's official statistics the market projection for Vanadium Redox Flow
Battery demand (in Megawatts) in the top 10 countries, has been and is growing, at 80% CAGR
(Compound Annual Growth Rate) from 2013 to 2020, ultimately culminating in more than 7,000 MW of
vanadium-flow capacity needed in 2020.

CVMR®'s research has been focused on Vanadium, Manganese, Magnesium and Lithium-Ion batteries
which also use nickel, cobalt and graphene, all refined and produced by CVMR®. Its Vanadium energy
storage systems are designed to be modular and able to discharge at a pre-set rate, rapidly or slowly,
depending on the requirements of the user. Their charging time is less than five minutes, with a cycle life
of over one million cycles, round-trip efficiency of 99% and low cost of manufacturing. They can be used
in commercial, residential and industrial applications, microgrid systems, remote locations, refrigerated
mobile containers, mining camps and telecom towers. In certain models CVMR® has successfully
substituted magnesium for lithium.

Vanadium has many other uses, about 85% of produced vanadium is used as ferrovanadium or as a steel
additive. Titanium-aluminum-vanadium alloy is used in jet engines and body parts of high-speed aircraft.
Its steel alloys are used in axles, crankshafts, gears and other critical components. Vanadium alloys are
also used in nuclear reactors because vanadium has low “neutron-adsorption” abilities and it does not
deform in “creeping” under high temperatures. Vanadium foil is used in cladding titanium to steel.

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Vanadium-gallium tape is used in superconducting magnets. Vanadium pentoxide is used in ceramics and
as a catalyst for the production of sulfuric acid.

CVMR®is a Canadian company that has developed refining processes and technologies that can refine
some 36 metals, using its proprietary vapour metallurgy processes. CVMR®is capable of refining iron,
nickel, cobalt, copper, lithium, manganese, magnesium, tantalum, the platinum group of metals, gold,
silver, titanium, vanadium, molybdenum, and seventeen rare earth elements.

In the past three years CVMR® has been able to produce graphene and graphite by: (i) refining of
graphite-based minerals; (ii) decomposing methane gas; and (iii) capturing CO2 emissions. The company
has a highly competent team of scientists and engineers who have consistently proven to the market that
they can think out of the proverbial scientific box and come up with highly profitable ways to tackle
seemingly unsolvable technical problems.

CVMR® is a world leader in the production of metal powders, nano-metal powders, sub-nano-powders
and super alloys with substantial profit margins compared to the LME and other standard market prices. It
has revolutionized a 110-year old metal refining process known as the “Mond Process” or the “carbonyl
process” when applied to nickel and iron, and generically known as the “vapour metallurgy process,”
when applied to other elements. CVMR® has managed to extend the vapour metallurgy process to 36
different metals by the use of different reagents (chemical vapours). CVMR® drives its corporate name
from the acronym for Chemical Vapour Metal Refining. It has offices in Canada, China, USA, UK, UAE,
Turkey, Burundi, the Philippines, and is active in 18 countries.

Photo: The Right Honourable Pierre Nkurunziza, President of the Republic of Burundi with Kamran M.
Khozan, Chairman & CEO of CVMR®

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Contact Information:
CVMR Inc.
Kamran M. Khozan
416-743-2746
Contact via Email
cvmr.ca

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