Namibia Critical Metals Inc. provided an update with further drill results from the Area 2B satellite deposit on the Lofdal Heavy Rare Earth Project in northern Namibia. Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation ("JOGMEC") which is operating under a Term 1 budget of CAD 4,100,000. Since the Company's previous update (November 26, 2020) progress highlights are summarized as follows: Additional drill results from Area 2B satellite deposit confirm multiple dysprosium zones to 190 vertical meters, Results of 13 additional holes include 3 m at 0.84% TREO with 450 ppm Dy2O3, 7 m at 0.58% TREO with 280 ppm Dy2O3, and 7 m at 0.26% TREO with 226 ppm Dy2O3 (which includes the highest grade 1 m intercept of 1,123 ppm Dy2O3), Area 2B deposit remains open along strike and at depth. Nine drill holes pending analyses, Area 4 resource drilling program successfully completed with established strike length of 1,125 meters. Highlights of dysprosium enriched zones reported include: 8 m at 0.29% TREO with 185 ppm Dy2O3 and 60.3% heavy rare earth enrichment in L2BD0035 (including 1 meter at 0.57% TREO with 452 ppm Dy2O3 and 80.1% heavy rare earth enrichment), 7 m at 0.26% TREO with 226 ppm Dy2O3 and 77.2% heavy rare earth enrichment in L2BD0044 (including 1 meter at 1.24% TREO with 1,123 ppm Dy2O3 and 91.1% heavy rare earth enrichment), 7 m at 0.58% TREO with 280 ppm Dy2O3 and 49.9% heavy rare earth enrichment in L2BD0046 (including 2 meters at 1.04% TREO with 712 ppm Dy2O3 and 73.5% heavy rare earth enrichment), 3 m at 0.84% TREO with 450 ppm Dy2O3 and 57.6% heavy rare earth enrichment in L2BD0037 (including 1 meter at 0.90% TREO with 808 ppm Dy2O3 and 98.1% heavy rare earth enrichment). Details of all 13 reporting drill holes from Area 2B are provided in Table 1 and a complete listing of all analytical results is provided in Table 2. Intercept widths are reported as down the hole widths and are not necessarily true widths. Completion of Area 4 Drill Program: The 2020 drill program has extended the strike length of the mineralized zone from 700 meters to 1,100 meters, and the drilled depth from 180-225 vertical meters to 250-350 vertical meters. The total drilling program at Area 4 comprised 10,162 meters in 56 holes. Results from 33 holes remain pending. The MSA Group ("MSA") of South Africa has been engaged to update the Area 4 resource which will incorporate all the new drilling and is scheduled for delivery before March 31, 2021. The Lofdal Heavy Rare Earths Project is located 450 kilometers northwest of the capital city of Windhoek in the Kunene Region of north-western Namibia. The project area covers 314 square kilometers centered on the Lofdal carbonatite complex which hosts a number of rare earth occurrences, including the Area 4 deposit and the Area 2B deposit. Mineralization in both deposits is dominated by xenotime, which is highly enriched in heavy rare earths. Field operations follow strict company Standard Operating Procedures with regards to drilling practices, sampling procedures, security of transport and analytical procedures as per recommendations in the Canadian Institute of Mining, Metallurgy and Petroleum CIM's Best Practices Guidelines (2018), which includes strict internal quality assurance and quality control procedures ("QAQC") for the insertion of blanks, standards and duplicates. QAQC samples account for 10% of samples submitted in each batch. Sample preparation and analytical work for the drilling program is being provided by Activation Laboratories Ltd. ("Actlabs" Windhoek, Namibia and Ancaster, Ontario) employing appropriate crushing and pulverization procedures (Actlabs Code RX-1) on half sawn core samples provided from the selected intervals, utilizing lithium metaborate/tetraborate fusion and ICP-MS techniques suitable for rare earth element analyses (Actlabs Code 8). Activation Laboratories is an ISO/IEC 17025 accredited laboratory.