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New Earth Resources Corp
Symbol EATH
Shares Issued 24,377,112
Close 2026-01-07 C$ 0.71
Market Cap C$ 17,307,750
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New Earth Resources plans exploration for SL

2026-01-08 13:17 ET - News Release

Mr. Lawrence Hay reports

NEW EARTH RESOURCES ANNOUNCES COMPREHENSIVE EXPLORATION PROGRAM FOR ITS SL RARE EARTH ELEMENTS PROJECT

New Earth Resources Corp. has outlined its planned exploration program for the SL project, a property prospective for rare earth elements (REE) in the Strange Lake area of Quebec, Canada. This initiative marks a strategic first step in systematically evaluating the project's potential, with a focus on generating regional data layers to inform future targeting and area reduction efforts.

The planned regional-scale exploration program encompasses a multifaceted approach, including regional prospecting across the property, property-wide airborne geophysics and regional geochemical surveys. These activities are designed to identify outcrops, geological features and potential REE mineralization indicators, providing a foundation for advancing the project.

Key components of the program include:

  • Regional prospecting: Field teams will conduct systematic prospecting to locate outcrops and floats, collecting samples to assess initial REE potential within the property boundaries.
  • Geophysical studies: An airborne (drone) magnetic survey will be executed to map geological features and interpret their relevance to REE mineralization, enhancing understanding of subsurface structures.
  • Geochemical surveys: Lake-bottom sampling, utilizing both sediment and benthic techniques, will be performed to detect REE or associated anomalies. Complementary soil sampling from uplands, shorelands and islands will further delineate geochemical signatures across the property.

The SL project consists of 23 claims covering approximately 1,102 hectares, over which the company holds an option to acquire a 100-per-cent interest. Situated in the southeastern Churchill province, the property is underlain dominantly by alkaline to calc-alkaline rocks, a geological setting renowned for REE endowments, as exemplified by the nearby Strange Lake REE district in northeastern Quebec, bordering Newfoundland and Labrador.

The property's lithological composition -- primarily granite, mangerite and quartz monzonite -- positions it as a promising host for REE mineralization. Its proximity (just a few kilometres) and geological correlation to the established Strange Lake district underscore the SL project's potential for significant REE deposit discoveries.

"This exploration phase represents a critical milestone in unlocking the value of the SL project," said Lawrence Hay, chief executive officer of New Earth. "By leveraging advanced geophysical and geochemical methods, we aim to build a robust data set that will guide our targeted efforts toward identifying high-potential REE zones. Furthermore, with the first phase of our Lucky Boy uranium project's exploration program set to commence in the coming days, we are very excited to be strategically diversified and positioned to take advantage of both the rare earth and uranium sectors simultaneously."

The company remains committed to responsible exploration practices, adhering to all regulatory requirements and engaging with local stakeholders in Quebec.

Qualified person

The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo (OGQ No. 10876), a qualified person as defined by National Instrument 43-101 who is independent of the company. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

About New Earth Resources Corp.

New Earth Resources is a Canadian-based mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100-per-cent-owned, past-producing Lucky Boy uranium property, located in Gila county, Arizona, United States. Consisting of 14 lode claims and spanning approximately 273 acres, the Lucky Boy project covers a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s. In addition to Lucky Boy, included in the company's uranium portfolio are three claims located in Saskatchewan, Canada, covering 365 hectares.

The company also has the option to acquire a 100-per-cent interest in 23 claims covering approximately 1,102 hectares in the Strange Lake area of Quebec, Canada, known as the SL project, which is prospective for rare earth elements. In addition, the company has the option to acquire a 100-per-cent interest in the Red Wine rare earth project, comprising two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares.

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