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Jan 15, 2024

Giyani Announces Demonstration Plant Update

Not for distribution to U.S. newswire services or for dissemination in the

Not for distribution to U.S. newswire services or for dissemination in the United States

TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8) ("Giyani" or the "Company"), the developer of the K.Hill battery-grade manganese project in Botswana ("K.Hill" or the "Project"), is pleased to provide a progress update on the construction of the K.Hill demonstration plant ("Demo Plant") in Johannesburg.

Highlights

Key plant components continue to be delivered to the Demo Plant site, including the ball mill, classification screens, filter presses, boiler, compressors and vessels.

The fully fabricated 15 meter ("m") tall crystallization unit is due for installation in the coming weeks.

The Company recently hosted a site visit by several financial institutions to the Demo Plant.

Demo Plant Update

Throughout May, several key elements of the Demo Plant were delivered to the site, including the ball mill, classification screens, four specialist filter presses, the product dryer and the boiler. Civil works at the Demo Plant facility are near completion to allow delivery and erection of the crystallization unit, which is fully fabricated and packed for transport along with all its ancillary equipment. As the crystallizer is a modular design, most of the internal equipment such as the vessels, piping and valves are integral to the structural units, facilitating rapid reassembly on site.

The crystallization unit stands at over 15 m tall and will allow the Demo Plant to produce up to 600 kg of dry high-purity manganese sulphate monohydrate ("HPMSM") crystals per day depending on feedstock characteristics. The scale of crystallization unit is a critical element of the Demo Plant design, which is tailored to produce HPMSM crystals meeting the rigorous product specification set by potential customers, as part of steady state operations.

Recently, the Company and its specialist hydrometallurgical consultants, MET63 (Pty) Limited, hosted a select group of financial institutions at the Demo Plant site to review progress.

Danny Keating, CEO of the Company, commented:

"We are pleased to provide an update on the ongoing progress that the Company is making in the development of our Demo Plant in Johannesburg. The Demo Plant is an ambitious undertaking in terms of the size and scale of the facility and is a critical step in de-risking the commercial & technical development of the Project. The product from the Demo Plant will also pave the way for off-take contracts with battery and original equipment manufacturers.

We were also delighted to welcome a group of financial institutions to the site in Johannesburg and highlight the significance of the work to date."

About Giyani

Giyani's mission is to become a sustainable, low carbon producer of battery materials for the electric vehicle ("EV") industry. The Company has developed a hydrometallurgical process to produce high-purity manganese sulphate monohydrate, a lithium-ion battery cathode precursor material critical for EVs, directly from ore from its manganese oxide deposits in Botswana, wholly-owned by its Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's assets include K.Hill and the Otse and Lobatse manganese prospects, each of which has seen historical mining activities.

Qualified Persons / NI 43-101 Disclosures

Mr. Jacques du Toit CEng. PrEng. MscEng. PMP is a qualified person, as defined by National Instrument 43-101. Mr. du Toit is the Company's VP, Technical Services and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.

On behalf of the Board of Directors of Giyani Metals Corp.

Danny Keating, President & Chief Executive Officer

Contact:Danny KeatingPresident & Chief Executive [email protected]

George DonneVP Business Development+44 7866 591 [email protected]

Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account of benefit of, persons in the United States or U.S. Persons.

Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur.

All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond Giyani's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in Giyani's ability to obtain funding; commodity price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks in how the world-wide economic and social impact of COVID-19, or a similar public health threat is managed; risks related to governmental regulations; risks related to obtaining necessary licences and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect Giyani's forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.

Giyani's forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made, and Giyani does not assume any obligation to update forward looking information if circumstances or management's beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani's Annual Information Form, which is filed on SEDAR at www.sedar.com.

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