Mr. Reagan Glazier reports

NEOTECH METALS CORP. SAMPLES 28.97% TREO AND 2.91% NB2O5 AT THE TREO PROJECT

Neotech Metals Corp. has released the assay results from the 2024 field reconnaissance program at its 100-per-cent-owned TREO project, located 85 kilometres northeast from Prince George, B.C.

Out of the 113 rock samples collected, the assay results saw a peak value of 28.97 per cent TREO (total rare-earth oxides) with 17 samples that assayed above 1.0 per cent TREO as shown in the results table. Additionally, numerous assays from the same sample set exhibited anomalous niobium values, with a peak of 2.91 per cent Nb2O5 (niobium pentoxide) (and 20 samples exceeding 0.15 per cent Nb2O5 as shown in the results table). All samples were sourced from bedrock/outcrop exposures within mapped carbonatites featuring iron-oxide alteration, altered phyllites and syenites. The grades of TREO and niobium were found to correlate with varying degrees of alteration.

Plans to expand on the results include off-season modelling, including 3-D projections to project and define drill targets, as well as planning additional reconnaissance work programs for the next season to both broaden and define targets.

"The consistent high-grade, at-surface results extending over four kilometres from Wicheeda Lake provide excellent definition and strong encouragement for the potential of broad zones of mineralization," commented chief executive officer Reagan Glazier. "Our team is working diligently to advance the TREO project, enhancing our understanding of the region and ensuring the best possible outcomes for the upcoming drill program."

TREO project

The TREO project is situated approximately 50 kilometres due east of Bear Lake, B.C., which touts an active railway, powerlines driven by hydroelectric projects and year-round maintained roads. The Wicheeda district features a development-stage rare-earth project with a positive economic assessment study, making nearby areas highly prospective for additional discoveries.

The road-accessible property enables low-cost exploration programs with simple logistics. All sides of the mineral tenure feature forest-service roads with bridges in place, reducing the overall footprint required to conduct the company's programs. Upcoming programs will aim to strategically target extensions in key locations in preparation of a more detailed study.

Methodology and quality assurance/quality control

The analytical work reported herein (sample preparation and analysis) was performed by Activation Laboratories Ltd. at its Kamloops, B.C., facilities. Actlabs is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory independent of Neotech Metals and the QP (qualified person). Samples were dried to 60 degrees Celsius, sieved to keep particles smaller than negative 177 micrometres, and analyzed using multielement fusion ICP-MS via lithium-borate fusion to determine individual REE content (Actlabs' 4LITHO analysis code). Neotech follows industry-standard procedures for the work carried out on the TREO project, with a quality assurance/quality control (QA/QC) program. Samples, including blanks, duplicates and certified reference material, were systematically inserted both by the company and Actlabs for analysis. Neotech detected no significant QA/QC issues during the data review.

About 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, including its new flagship, Hecla-Kilmer, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, along with its 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, exploration, PGeo, and qualified person, has reviewed and approved all of the data and statements made for this news release.

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