Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES $1 MILLION PRIVATE PLACEMENT

Neotech Metals Corp. intends to complete a non-brokered private placement, in one or more tranches, of up to 6,666,666 units of the company at a price of 15 cents per unit for gross proceeds of up to $1-million. The company reserves the right to increase the size of the offering, subject to Canadian Securities Exchange (CSE) approval.

Each unit will comprise one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of 25 cents for a period of two years. The warrants will be subject to an acceleration provision, whereby if for any 10 consecutive trading days following the closing of the offering the closing price of the company's common shares exceeds 40 cents per share on the CSE, the company may announce, by way of news release, that the expiry date of the warrants will be accelerated to 30 days thereafter.

The units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finders' fees may be payable to arm's-length parties who introduce subscribers to the company, in accordance with the policies of the CSE.

The offering is expected to close on or about June 26, 2025. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.

The company may pay finders' fees in respect to the offering.

The company intends to use the net proceeds from the offering for exploration expenditures at the company's projects, as well as for corporate and general working capital purposes.

The closing of the offering is subject to certain customary conditions. The securities to be issued under the offering will be offered by way of private placement in such provinces or territories of Canada and such other jurisdictions as may be determined by the company, in each case pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the offering will be subject to a statutory hold period which will expire four months and one day from the date of closing of the offering.

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

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