Mr. Reagan Glazier reports

NEOTECH METALS APPROVED FOR $500,000 CMIF GRANT

Neotech Metals Corp. has been selected by the Critical Minerals Innovation Fund (CMIF) to receive $500,000 in non-dilutive funding to accelerate its metallurgical and processing test work.

The program is part of a broader strategy to position the province as a reliable global supplier of responsibly sourced critical minerals and build fully integrated, made-in-Ontario supply chains. As the global demand for critical minerals needed to manufacture batteries, modern defence technologies and advanced manufacturing continues to grow, Ontario has the deposits, skilled work force, expertise and business-friendly investment climate to secure the province's place as the most competitive jurisdiction in the G7 to invest, create jobs and do business.

The $500,000 award represents the maximum grant available per project under the CMIF program. Funding is structured as non-dilutive, reimbursing 50 per cent of qualified expenditures up to $1-million in total program costs related to metallurgical, hydrometallurgical and processing test work on the company's Hecla-Kilmer rare earth element, niobium and phosphate project in Northern Ontario. Hecla-Kilmer's intrusive, apatite-hosted mineralization offers higher purity relative to many sedimentary phosphate sources, positioning the project to potentially serve multiple high-growth sectors simultaneously, including LFP (lithium-iron-phosphate) battery feedstock, rare earth elements for the green energy transition and critical minerals for defence applications. Further details on the scope of the test work program and associated results will be disclosed in future news releases.

"Ontario is doubling down on its leadership in the critical minerals sector, and our Critical Minerals Innovation Fund is a core component of this strategy," said Stephen Lecce, Minister of Energy and Mines. "This investment will help advance innovative processing work at the Hecla-Kilmer REE, niobium and phosphate project and support the development of a domestic rare earth supply chain. By backing companies like Neotech Metals, we are securing Ontario's place as a key supplier of the critical minerals essential for a modern, competitive and self-reliant economy."

"We are extremely pleased to be the recipients of this funding and grateful for the Ontario government's continued support of our work at Hecla-Kilmer. The CMIF award allows us to accelerate metallurgical and processing studies at a pivotal stage in the project's development," said Reagan Glazier, chief executive officer of Neotech. "Hecla-Kilmer's apatite-hosted rare earth mineralization is globally distinct, and we believe it is uniquely positioned to help solve the processing bottleneck that has constrained the rare earth sector. Programs like the CMIF, together with the province's new $500-million Critical Minerals Processing Fund, are exactly the kind of support needed to convert that mineralogical advantage into a made-in-Ontario critical minerals supply chain. We look forward to reporting results from this work and continuing to build shareholder value."

About Neotech Metals Corp.

Neotech Metals is a mineral exploration company dedicated to discovering and developing critical mineral resources, with a strong commitment to environmental stewardship and sustainable practices. The company holds a diversified portfolio of rare earth element and critical minerals projects, including the Hecla-Kilmer rare earth element, niobium and phosphate project, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northland Railway; the Torrance project, located 70 kilometres northeast of Hecla-Kilmer; and the TREO and Foothills projects in British Columbia, all of which 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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