Namibia Critical Metals Inc. Project Development

Lofdal Heavy Rare Earths Deposit: Update on Project Development Lofdal HREE mineral province is of district scale with numerous HREE deposits ✓ TSX-V:NMI • • • Maiden Resource of 6.18 [email protected]% HREO (Area 4, PEA 2014) Xenotime mineralisation of economic importance is associated with jogs of carbonatite-albite alteration and focussed in structural step-over zones Drilling of 14,562 m at Area 4 and Area 2B in 2020 resulted in updated Mineral Resource Statement SGS Canada contracted as lead consultant metallurgy: mechanical processing advanced, testwork launched on hydrometallurgy (external review by UIT Dresden) Flowsheet: XRT/XRF sorting→ flotation → mag sep acid bake→Th-free HREE product for export Resource drilling 2020 Drill collars pre 2018 Priority Exploration Target Areas Carbonatite (undifferentiated) Albitite Moderate to strong albitization Syenite (nepheline, late) 0 500 1,000 Meters Area 2B J/Area Area 2C Area 2D (3) Area 5E Area 5D Area 2A Area 2E Dolomite Hill Area 5F • Mining Licence 200 issued for Lofdal deposit for 25 year term Area 5C Area 5B Area 4 Area 5A NAMIBIA CRITICAL METALS INC. Large additional upside potential in Area 5 Area 1 Area 4 east

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