Mr. Ramon Barua reports

ACLARA APPOINTS NEW GENERAL MANAGER TO ACCELERATE PENCO MODULE DEVELOPMENT TOWARD CONSTRUCTION READINESS

Aclara Resources Inc. has appointed Enrique Donoso Moscoso as general manager of Aclara Chile, effective Feb. 2, 2026. This leadership appointment strengthens Aclara's organizational structure as the company advances the Penco module through an accelerated technical development toward construction readiness.

"We are very pleased to welcome Enrique as our new general manager in Chile," said Ramon Barua, chief executive officer of Aclara. "Enrique brings more than 35 years of executive leadership experience across complex industrial, energy, infrastructure and natural resources projects in Chile and internationally. His proven track record in operational excellence, project execution and stakeholder engagement will be instrumental as Aclara enters this next stage of development."

Enrique Donoso Moscoso is a civil engineer from the Pontificia Universidad Catolica de Chile and holds a diploma in business administration from Universidad Adolfo Ibanez. He has held senior executive positions in leading national and multinational organizations, including CMPC, Colbun, Aguas Andinas and Endesa, among others, spanning the energy, infrastructure, industrial services and natural resources sectors.

Over the course of his career, Enrique Donoso Moscoso has led large multidisciplinary teams and capital-intensive projects, with extensive expertise in operational management, project development, environmental permitting, contract administration, and engagement with authorities, communities and other key stakeholders. His professional background is distinguished by a strong commitment to safety, sustainability, efficiency and long-term value creation.

As part of this leadership transition, Nelson Donoso, who has served as general manager since 2023, will assume the newly created role of director of corporate development for Aclara Chile. In this position, Mr. Donoso will continue to play a strategic role in strengthening Aclara's relationships with authorities, academia, industry associations, the media and other high-priority stakeholders, while leading the development strategy for Aclara's future modules in Chile.

This enhanced organizational structure reflects Aclara's commitment to combining continuity and renewal, reinforcing execution capabilities while maintaining a strong focus on stakeholder engagement and long-term sustainable development.

About Aclara Resources Inc.

Aclara Resources, a Toronto Stock Exchange-listed company, is focused on building a vertically integrated supply chain for rare-earths alloys used in permanent magnets. This strategy is supported by Aclara's development of rare-earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the company with a long-term, reliable source of these critical materials. The company's rare-earth mineral resource development projects include the Carina project in the state of Goias, Brazil, as its flagship project and the Penco module in the Biobio region of Chile. Both projects feature Aclara's patented technology named circular mineral harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The circular mineral harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the company is further enhancing its product value by developing a rare-earths separation plant in the United States. This facility will process mixed rare-earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare-earth oxides. Additionally, Aclara through a joint venture with CAP, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP's extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina project and the Penco module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile and Peru, aiming to increase future production of heavy rare earths.

We seek Safe Harbor.