Mr. Braam Jonker reports

COTEC HOLDINGS CORP. GRANTS DEFERRED SHARE UNITS AND INCENTIVE STOCK OPTIONS

Cotec Holdings Corp. has granted an aggregate of 333,335 deferred share units to non-executive directors of the board of directors. Furthermore, the company granted an aggregate 730,000 incentive stock options to an officer, management and employees of the company. The options vest over a three-year term, are exercisable at 75 cents per share, being the higher of the closing share price on the day preceding the award and the price of the latest fundraise and are valid for a 10-year period. The options have been granted under and are governed by the terms of the company's omnibus equity incentive plan and are subject to the policies of the TSX Venture Exchange.

About Cotec Holdings Corp.

Cotec is 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.