Warrant re-pricing for 3O day period

January 23, 2019 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX‐V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) has repriced certain warrants as approved by the TSX Venture Exchange, until February 17, 2019. All warrants with an exercise price of 20 cents or higher (excluding finders’ warrants), listed in the attached table, will be repriced to 11 cents for a period of 30 days, commencing from the date of exchange approval. Warrant holders will have the option of exercising their warrants during this time period. At the end of the 30-day period, warrants not exercised will revert to their original exercise prices. During the 30-day period, all warrants listed below will be subject to a Forced Exercise Provision whereby if the closing price of the shares of the Company is greater than $0.1375 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.

On behalf of the board of directors of NRG Metals Inc.:

Adrian F. C. Hobkirk,
President and C.E.O.

T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com

The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept
responsibility or liability for the adequacy or accuracy of the contents of this news release.

This news release contains certain “forward‐looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical factrelating to the Company, certain information contained herein constitutes forward‐looking statements. Forward‐looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward‐looking statements. We seek safe harbor.