Mr. Greg Cameron reports

TERRA CLEAN'S FRASER LAKES B DEPOSIT CONTAINS SIGNIFICANT RARE EARTH ELEMENT POTENTIAL AND IS LISTED AS AN ACTIVE GOVERNMENT OF CANADA RARE EARTH DEPOSIT

Terra Clean Energy Corp. has highlighted the rare earth element (REE) potential at its Fraser Lakes B Deposit, confirmed by drilling and assays. The REE component within the deposit and surrounding areas contains significant quantities of rare earth oxides (REO), specifically La2O3 (lanthanum oxide), Ce2O3 (cerium oxide), Yb2O3 (ytterbium oxide) and Y2O3 (yttrium oxide), as reported in the technical report filed under the company's profile on SEDAR+ on Feb. 9, 2023.

These light rare earths are key elements in automotive, batteries, magnets as well as other industries.

Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood phosphate levels in kidney disease patients and in various industrial applications such as manufacturing nickel-metal-hydride batteries, catalytic converters, specialty glass, and as a component in alloys for lighters and other products.

Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys and steel and in the production of flints for lighters, incandescent gas mantles and components for batteries.

Ytterbium is used in a variety of applications, including improving stainless steel, dental alloys, portable X-ray machines, atomic clocks, superconductors, lasers and amplifiers, fibre optic communications, and quantum computing.

Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs (light-emitting diodes) and displays and in lasers for medical and industrial uses. It is also used in ceramics, such as those for high-temperature fuel cells and medical implants, as a metallurgical additive for alloys, and in electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have medical applications in cancer therapy and diagnostic imaging.

Please see the Natural Resources Canada (NRC) website about the Falcon Point project in Saskatchewan, Canada, which covers the Fraser Lakes B deposit. The South Falcon East project is a portion of this former project. Through an NRC grant to the University of Saskatchewan in March, 2024, the government of Canada has contributed to a multiyear study of REEs in northeastern Saskatchewan. The Fraser Lakes B deposit is part of this study and Terra is a participating partner. REEs continue to be identified in recent drilling programs.

"With renewed interest in rare earth elements, it is important that shareholders understand we are sitting on an active REE deposit," said Greg Cameron, chief executive officer of Terra. "This deposit adds significant upside, particularly in light of today's environment, which places far more value on the strategic importance of rare earth elements. Management is committed to making sure this value is understood and unlocked as we continue with the ongoing development of our uranium deposit at Fraser Lakes," continued Mr. Cameron.

"We are excited to be involved in the expansion of rare earth element deposit understanding and inventory in Canada," commented Trevor Perkins, vice-president of exploration for Terra. "With the current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B uranium and REE deposit. We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add to both the uranium and REE resource," continued Mr. Perkins.

About the South Falcon East project

The South Falcon East project contains the Fraser Lakes B deposit with a historic mineral resource of 6.9 million pounds U3O8 (triuranium octoxide) inferred at a grade of 0.03 per cent U3O8 and 5.3 million pounds ThO2 (thorium dioxide) inferred at a grade of 0.023 per cent ThO2. Uranium and thorium mineralization discovered to date is hosted in shallow metasedimentary rocks and pegmatites with some classic Athabasca-style characteristics typical of basement-hosted deposits and associated with well-developed EM (electromagnetic) conductors.

The Fraser Lakes B deposit in the southeastern Athabasca basin covers approximately 12,464 hectares and lies 18 kilometres outside the Athabasca basin, approximately 50 kilometres east of the Key Lake mill and former mine. There is good infrastructure in the area with a power line approximately 10 kilometres from the property, which is bound by two northern roads with plenty of access to water.

About Terra Clean Energy Corp.

Terra Clean Energy (formerly Tisdale Clean Energy Corp.) is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project, which holds a 6.96-million-pound inferred uranium resource within the Fraser Lakes B deposit, located in the Athabasca basin region in Saskatchewan, Canada, as well as past-producing uranium mines in Utah, United States.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, PGeo, the company's vice-president, exploration, and a qualified person as defined by NI 43-101.

Note: The historical resource is described in the technical report on the South Falcon East property, filed on SEDAR+ on Feb. 9, 2023. The company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

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