Mr. Julian Treger reports

COTEC VIA HYPROMAG TO PARTICIPATE IN INNOVATIVE PROJECT TO DEVELOP THE UK'S FIRST CIRCULAR SUPPLY CHAIN FOR WIND TURBINE RARE EARTH MAGNETS

HyProMag Ltd., an investee company of Cotec Holdings Corp., is collaborating with Europe Metal Recycling Ltd. (EMR), the Offshore Renewable Energy (ORE) Catapult, Magnomatics and the University of Birmingham in a 1.5-million-British-pound project -- Re-RE Wind.

One million British pounds, or 67 per cent, of the project will be funded by Innovate U.K.'s circular critical materials supply chains (Climates) program. The budget for HyProMag's portion of the project is approximately 350,000 British pounds, of which 70 per cent will be funded by the grant.

Julian Treger, chief executive officer of Cotec, commented: "We are very pleased with this latest development at HyProMag that again confirms its position as a key player amongst industry leaders in the rare earth renewable space. This project further supports HyProMag as it scales up HPMS (hydrogen processing of magnet scrap) and rolls out the technology internationally. We are looking forward to assist HyProMag in its European endeavours and its roll out in the U.S."

About Cotec Holdings Corp.

Cotec is a publicly traded investment issuer listed on the TSX Venture Exchange and the OTCQB and trades under the symbol CTH and CTHCF, respectively. The company is an environment, social and governance (ESG) focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities as the company transitions into a mid-tier mineral resource producer.

Cotec is committed to supporting the transition to a lower-carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. The company has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.

We seek Safe Harbor.