Mr. Lawrence Hay reports

NEW EARTH RESOURCES COMMENTS ON U.S. PROCLAMATION TO STRENGTHEN CRITICAL MINERALS SUPPLY CHAINS

New Earth Resources Corp. has welcomed President Trump's Jan. 14, 2026, U.S. presidential proclamation issued under Section 232 of the Trade Expansion Act of 1962, which addresses imports of processed critical minerals and derivative products into the United States.

The proclamation, entitled "Adjusting Imports of Processed Critical Minerals and Their Derivative Products into the United States," follows a Section 232 investigation that found the United States is 100 per cent net-import reliant for 12 critical minerals and 50 per cent or greater net-import reliant for a further 29 critical minerals. The investigation concluded that processed critical minerals and derivative products are being imported in such quantities and under such circumstances as to threaten to impair the national security of the United States.

The proclamation underscores the growing importance of secure, reliable and allied sources of critical minerals for national security, clean energy technologies, advanced manufacturing and defence applications. The U.S. administration has indicated that it will pursue negotiations with key trading partners to strengthen supply chains and reduce reliance on non-allied jurisdictions.

New Earth views this development as further confirmation of the strategic value of North American critical mineral resources, particularly those located in stable jurisdictions with strong regulatory frameworks and close trade relationships with the United States.

Implications for the rare earth sector

The proclamation signals a significant policy shift that may benefit rare earth exploration and development companies operating in allied nations. Key implications include:

• Processing infrastructure investment: The finding that processing capacity is the critical choke point may drive increased government and private sector investment in North American separation and refining facilities.
• Defence industrial base considerations: The proclamation identifies rare earth permanent magnets as vital to defence systems and critical infrastructure, potentially supporting long-term demand fundamentals for heavy rare earth elements.

"This proclamation highlights the increasing focus by the United States on supply chain security for critical minerals," said Lawrence Hay of New Earth Resources. "As a Canadian-based exploration company, with two projects prospective in REE [rare earth elements] located in Quebec and Labrador, respectively, we believe our jurisdictional footprint and project focus align well with the long-term objective of supporting resilient, allied supply chains for critical minerals."

About New Earth Resources Corp.

New Earth Resources 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 1,102 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.

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