Mr. Julian Treger reports

COTEC RECEIVES $975,000 FROM WARRANT EXERCISE AT 75 CENTS

Cotec Holdings Corp. has received $975,000 from the exercise of 1.3 million warrants at 75 cents by Kings Chapel International (KCI).

Julian Treger, chief executive officer of Cotec, commented: "Two thousand twenty-four is expected to be a transformative year for Cotec, where the majority of our operational focus will be the completion of two feasibility studies for the rollout of our technologies in the USA and Canada as we target production and revenue generation by 2025/2026.

"Cotec remains on track in the execution of its strategy despite challenging conditions in the capital markets."

Correction to prior early warning report

The company also announces a correction to its news release dated Nov. 27, 2023. The original news release stated that, immediately following the private transaction, Mr. Treger owned or controlled 1,924,466 options to purchase common shares. The news release should have stated that, immediately following the private transaction, Mr. Treger owned or controlled 2,731,371 options to purchase common shares. All other details of the news release issued on Nov. 27, 2023, remain in effect.

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 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.

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