Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES PRIVATE PLACEMENT OFFERING

Neotech Metals Corp. intends to complete a non-brokered private placement financing, in one or more tranches, of: (i) up to 2,142,857 non-flow-through units of the company (the NFT units), at a price of 28 cents per NFT unit, for gross proceeds of approximately $600,000; and (ii) up to 5,128,205 flow-through units of the company (the FT units), at a price of 39 cents per FT unit, for gross proceeds of up to $2-million.

Each NFT unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of 45 cents for a period of three years.

Each FT unit shall consist of one share of the company and one-half of one common share purchase warrant. Each whole FT warrant will entitle the holder thereof to purchase one share of the company at an exercise price of 45 cents for a period of 36 months from the date of issuance. The warrants and the FT warrants will be subject to an acceleration provision whereby, if for any 10 consecutive trading days following the closing of the offering, the closing price of the company's common shares exceeds 60 cents per share on the Canadian Securities Exchange, the company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter

The NFT units and FT units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finders' fees may be payable to arm's-length parties who introduce subscribers to the company, in accordance with the policies of the Canadian Securities Exchange.

The net proceeds from the sale of the FT units will be used for qualified expenditures in respect of the company's mineral properties, and the net proceeds from the sale of the NFT units will be used for general working capital purposes.

About the Neotech Metals Corp.

Neotech Metals is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.

The company has a diversified portfolio of rare-earth element and rare metals projects, including the Hecla-Kilmer project, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, the Torrance project, located 70 km from the Hecla-Kilmer project, and the TREO and Foothills projects located in British Columbia. All three projects are 100 per cent wholly owned.

Qualified person

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Jared Galenzoski, vice-president of exploration, PGeo, and qualified person, has reviewed and approved all of the data and statements made for this news release.

We seek Safe Harbor.