14:57:16 EST Thu 05 Feb 2026
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New Earth Resources Corp
Symbol EATH
Shares Issued 27,393,112
Close 2026-02-04 C$ 1.75
Market Cap C$ 47,937,946
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New Earth plans airborne geophysics surveys at Red Wine

2026-02-05 12:48 ET - News Release

Mr. Lawrence Hay reports

NEW EARTH RESOURCES ANNOUNCES PLANS FOR AIRBORNE GEOPHYSICS SURVEYS ON ITS RED WINE RARE EARTH ELEMENTS PROJECT

New Earth Resources Corp. has commenced planning for a series of airborne geophysics surveys as an important part of the preliminary exploration program at its Red Wine rare earth element (REE) project, located in east Newfoundland and Labrador.

The planned airborne geophysics surveys have been designed using efficient 50-metre flight lines to collect information from geological characteristics, along with radioactive elements (uranium and thorium) anomalies.

The company intends on undertaking a magnetic survey designed to collect information regarding geological characteristics, including structural and lithological features, combined with a radiometric survey to collect any possible correlation between radioactive elements including uranium and thorium anomalies and the REE target mineralization.

"This exploration program underscores our commitment to advancing the Red Wine project through methodical, data-driven approaches," said Lawrence Hay, chief executive officer of New Earth. "By building on historic data and integrating modern techniques, we aim to uncover the full REE potential of this promising district."

The project

The project, covering approximately 1,575 hectares, is located in the Central mineral belt (CMB) of Labrador and underlain predominantly by the Red Wine complex lithologies, including peralkaline volcanic, porphyritic rocks, and peralkaline and alkaline plutonic rocks. These formations have a high potential to host REE mineralization and have been the target for REEs, zirconium, niobium and yttrium exploration programs carried out over past decades dating back to the 1970s.

The project sits within the broader Red Wine intrusive suite, including peralkaline granites and syenites as a part of the North and South Red Wine plutons, with a documented history of REE-bearing minerals. Historic programs have revealed multiple discoveries for REEs and associated commodities in the district -- including Two Tom (niobium, beryllium and REEs), North Red Wine (uranium and zirconium), Partridge River (thorium) and Mann (niobium, zirconium and thorium) -- that are geologically correlated with Playfair discoveries within the Red Wine project.

Qualified person

The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo, a qualified person as defined by National Instrument 43-101. Historical reports respecting the project were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

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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