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Nowea Energy Inc.: Update on our core investment "Mining Project Eastern Europe"

Drill cores

Reno, NV (pta030/29.09.2020/15:00 UTC+2) In addition to our corporate news from end of May this year, we would like to inform you about the extremely promising progress made with regard to our core investment, the mining project in Bosnia-Herzegovina. We waited for the concrete development of this fascinating project before publishing any information.

The already available positive information about this project are now confirmed and are even exceeded by the geological report prepared by CSA Global ( ) and also in the economic analysis prepared by PwC PricewaterhouseCoopers International ( ). For example the following statements, among others, are made:

* The deposits have a high potential for lithium and boron mining, which justifies further exploration of the area.

* Previous exploration in the vaporites and lacustrine sediments of the geological basin has identified high levels of borate and lithium mineralization. The preliminary resource estimate indicates high commercial potential for boron and lithium.

* The exploration area of 87.7 km^2 is located in the Republic of Srpska, Bosnia and Herzegovina, thus in Eastern Europe as a favourable location with a solid legal framework, including easy access, readily infrastructure, a good availability of qualified local workers and proximity to the European market. The legal framework is supportive to investors in the mining industry in obtaining concession rights.

* The exploration license covers an area rich in boron and lithium found in neogene sediments.

In the meantime, a professional team is working on the site and a drilling program has already been started to explore the geology of the license area and define the "hotspots". The first drill cores have already arrived at SGS's test laboratory ( ). We will inform about the results as soon as possible.

Investor Relations / September 29, 2020

NOWEA ENERGY is an investment and private equity company with a strong focus on emerging, innovative companies. In particular we offer capital and expertise combined with a wide range of services to growth companies in the energy sector. Innovative companies from various future-oriented industries, such as mobility, e-mobility, energy, mining (strategic raw materials) as well as smart home and industry 4.0, are the focus of our investment.

The Company intends to list the shares. The management expects the process of obtaining a trading symbol and the start of trading in late 2020 / early 2021.

If necessary, further information can be obtained on the Internet at

Disclaimer/Forward Looking Statements:
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements".

Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, these plans, intentions and expectations may not be achieved.

Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this release and our filings with the SEC.

Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the company. Readers of this information are requested to inform themselves about, and to observe, any possible restrictions.


Emitter: Nowea Energy Inc.
200 S Virginia St 8th Floor
89501 Reno, NV
United States of America (USA)
Contact Person: Investor Relations
Phone: +1 775 686-2400
ISIN(s): US67012L1089 (Share)
Stock Exchange(s): -