Mr. Ramon Barua Costa reports

ACLARA ANNOUNCES CLOSING OF TRANCHE 1 OF PRIVATE PLACEMENT

Aclara Resources Inc. closed yesterday the first tranche of its non-brokered private placement financing pursuant to which CAP SA, Hochschild Mining Holdings Ltd. and New Hartsdale Capital Inc. subscribed for 20,078,697 common shares of the company for aggregate gross proceeds of $41,458,276 (U.S.) at a price of $2.83 per share. Tranche 1 forms part of the company's previously announced non-brokered private placement of up to 24,215,548 common shares for aggregate gross proceeds of $50,000,001 (U.S.), which will be completed in two tranches. As a result of the tranche 1 closing, the total number of issued and outstanding common shares of the company increased from 222,361,749 to 242,440,446. Additionally, each of CAP, Hochschild and New Hartsdale now respectively holds 30,194,622, 46,802,843 and 88,372,355 common shares, representing approximately 12.45 per cent, 19.30 per cent and 36.45 per cent of the issued and outstanding common shares of the company.

The common shares issued under the tranche 1 closing are subject to a four-month-and-one-day hold period expiring on Aug. 2, 2026, pursuant to applicable securities laws in Canada.

The closing of the second tranche of the private placement, which is expected to take place on or about May 12, 2026, is subject to receipt of disinterested shareholder approval and other customary closing conditions, and the private placement remains subject to the final approval of the Toronto Stock Exchange.

About Aclara Resources Inc.

Aclara, a Toronto Stock Exchange-listed company, is focused on building a vertically integrated supply chain for rare earth alloys used in permanent magnets. This strategy is supported by Aclara's development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the company with a long-term, reliable source of these critical materials. The company's rare earth mineral resource development projects include the Carina project in the state of Goias, Brazil, as its flagship project and the Penco module in the Biobio region of Chile. Both projects feature Aclara's patented technology named circular mineral harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The circular mineral harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the company is further enhancing its product value by developing a rare earth separation plant in the United States. This facility will process mixed rare earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare earth oxides. Additionally, Aclara, through a joint venture with CAP, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP's extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina project and the Penco module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile and Peru, aiming to increase future production of heavy rare earths.

We seek Safe Harbor.