Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES AMENDED LIFE FINANCING

Neotech Metals Corp. has amended the terms of its non-brokered private placement listed issuer financing exemption financing previously announced on June 24, 2024. The total proceeds will include a minimum of $1.35-million and up to a maximum of $2.5-million, consisting of a minimum of nine million units of the company and up to a maximum of 16,666,667 units at a price of 15 cents per unit. Each unit will be composed of one common share in the authorized share structure of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at a price of 25 cents per warrant share for a period of 36 months from the date of issuance.

The warrants will be subject to an acceleration provision whereby, if, for any 10 consecutive trading days, the closing price of the company's common shares exceeds 50 cents per share on the Canadian Securities Exchange, the company may announce by way of a news release that the expiry date of the warrants will be accelerated to 30 days thereafter.

The company may compensate certain finders with a cash commission of up to 7 per cent of the aggregate gross proceeds raised from the offering and issue finders' warrants equivalent to 7 per cent of the total units subscribed under the offering.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units issuable under the offering will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106. Pursuant to NI 45-106, the securities issued to Canadian resident subscribers under the offering will not be subject to resale restrictions.

The net proceeds from the sale of the units will be used for exploration expenditures and corporate and general operating expenses. There is an offering document related to this offering that can be viewed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Neotech Metals Corp.

Neotech is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions 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 is based in Vancouver, B.C., and wholly owns its TREO rare earth element property, located 90 kilometres northeast of Prince George, B.C., its Foothills rare earth element property, located in central British Columbia, and its Hecla-Kilmer rare earth element property, located in Northwestern Ontario.

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