Mr. Julian Treger reports

COTEC HOLDINGS CORP. ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS EFFECTIVE JANUARY 1, 2024

Cotec Holdings Corp. has appointed Erez Ichilov to its board of directors, effective Jan. 1, 2024. John Conlon will resign as non-executive director on the same date but will remain as an adviser to the board.

Julian Treger, chief executive officer of Cotec, commented: "We are delighted to welcome Erez Ichilov to our board. The appointment of someone with his exemplary background and success is testimony to the continued validation of Cotec's strategy and recognition of its achievements to date by industry leaders and their confidence in our ability to succeed in our mission.

"The board also wants to express its gratitude to John Conlon for his many years of involvement in the company and the supportive role that he played in the transformation of the company to where Cotec is today. We also thank him for his willingness to continue his support for the company through his new role as an adviser to the board."

Mr. Ichilov is a seasoned mining and metals executive, director, adviser and investor, with a legal and financial background (LLB, MBA), focused mainly on responsible mining of battery materials and other critical minerals; as well as sustainable exploration, mining and processing technologies enabling the transition to renewable energy sources and electric transportation on route to global carbon neutrality.

Since 2012, Mr. Ichilov has served as a managing director at Traxys Projects LP, the investment and project arm of the Traxys Group, a well-established global physical trading house with an annual turnover of approximately $10-billion (U.S.) and approximately 500 employees, where he drove the direct and pooled investments Traxys made into Nouveau Monde Graphite, Li-Cycle Holdings Corp., Talon Metals and Nemaska Lithium (exchanged in 2022 for Livent Corp. shares) into a private manganese company in South Africa and more.

Previously, Mr. Ichilov was the deputy chief executive officer, corporate development, of ferro-nickel miner and producer Cunico Resources NV (2008 to 2012), then an important producer of refined ferro-nickel in its two plants and integrated mines in Kosovo and North Macedonia.

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 ESG-focused (environment, social and governance) 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.

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