Mr. Lawrence Hay reports

NEW EARTH RESOURCES CLOSES PRIVATE PLACEMENT

New Earth Resources Corp. has closed its previously announced non-brokered private placement of units, raising gross proceeds of $825,000.

Under the offering, the company issued an aggregate of 2.2 million units at a price of 37.5 cents per unit, each unit composed of one Class A common share of the company and one share purchase warrant (entitling the holder to purchase one share at a price of 50 cents per share until Jan. 6, 2029). The company will use the proceeds of the offering for general working capital.

In connection with the offering, the company paid aggregate cash finders' fees of $6,150 and issued an aggregate of 14,400 finders' warrants, with each finder's warrant exercisable for one share at an exercise price of 37.5 cents per share until Jan. 6, 2029. All securities issued under the offering are subject to a four-month hold period expiring May 7, 2026, in accordance with applicable Canadian securities laws.

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, comprising two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares.

We seek Safe Harbor.