Mr. Lawrence Hay reports

NEW EARTH RESOURCES ISSUES SHARES UNDER OPTION AGREEMENT FOR RED WINE RARE EARTH PROJECT IN LABRADOR

New Earth Resources Corp. has issued 1.25 million Class A common shares of the company under its recently announced option agreement dated as of Nov. 19, 2025, with Northex Capital Partners Inc. under which the company has the option to acquire the Red Wine rare earth project. The project is composed of two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares in total. See the company's news release dated Nov. 21, 2025, for further details respecting the agreement and the project.

The shares were issued at a price of 28.5 cents, representing aggregate consideration of $356,250 under this initial option payment. In accordance with applicable securities laws and the policies of the Canadian Securities Exchange, the shares are subject to a four-month hold period expiring March 29, 2026. Northex and its principals are arm's length to the company.

About New Earth Resources Corp.

New Earth is a Canadian-based mineral exploration company acquiring and developing advanced- and early-stage exploration projects. Its flagship project is its 100-per-cent-owned, past-producing Lucky Boy uranium property located in Gila county, Arizona, United States. Consisting of 14 lode claims and spanning approximately 273 acres, the Lucky Boy project covers a small open pit and underground workings that produced uranium in the 1950s, and again in the 1970s. In addition to Lucky Boy, included in the company's uranium portfolio are three claims located in Saskatchewan, Canada, covering 365 hectares.

The company also has the option to acquire a 100-per-cent interest in 23 claims covering approximately 1,101 hectares in the Strange Lake area of Quebec, Canada, known as the SL project, which is prospective for rare earth elements. In addition, the company has the option to acquire a 100-per-cent interest in the Red Wine rare earth project, composed of two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares.

We seek Safe Harbor.