Re-cycling Spent Electric Vehicle Batteries

Potentially Recovers Significant Amounts of

Lithium, Cobalt and Other Cathode Metals

JANUARY 19, 2017 | PRESS RELEASES

Ticker : TSX-V: AMY | Pinks: AMYZF | Frankfurt: 2AM

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V:  AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that the Company, having successfully completed proof of concept testing and filing the US Provisional Patent Application, is presently studying potential downstream benefits to guide the Company’s next phase of work.  The Company has successfully recycled lithium cobalt cathode material, and is working with Kemetco Research Inc. (Kemetco) to complete recycling bench tests on nickel, aluminum and manganese cathode chemistries and cobalt ores.  Work to date suggests high recovery rates of materials at industry-standard purity levels, ready for reuse.

At current metal prices, the gross contained metal value of the cathode materials in a typical 85 kWh electric vehicle (EV) battery pack, weighing about 500 kg, for the most popular battery chemistries are estimated as follows:

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V:  AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that the Company, having successfully completed proof of concept testing and filing the US Provisional Patent Application, is presently studying potential downstream benefits to guide the Company’s next phase of work.  The Company has successfully recycled lithium cobalt cathode material, and is working with Kemetco Research Inc. (Kemetco) to complete recycling
bench tests on nickel, aluminum and manganese cathode chemistries and cobalt ores.  Work to date suggests high recovery rates of materials at industry-standard purity levels, ready for reuse.

At current metal prices, the gross contained metal value of the cathode materials in a typical 85 kWh electric vehicle (EV) battery pack, weighing about 500 kg, for the most popular battery chemistries are estimated as follows Larry W. Reaugh, or the “Company”), (TSX.V:  AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that the Company,
having successfully completed proof of concept testing and filing the US Provisional Patent Application, is presently studying potential downstream benefits to guide the Company’s next phase of work.  The Company has successfully.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.