Mr. Lawrence Hay reports

NEW EARTH RESOURCES PROVIDES UPDATE ON PRIVATE PLACEMENT

New Earth Resources Corp. has provided an update respecting its previously announced (see the company's news release dated May 29, 2026) non-brokered private placement, under which it will raise aggregate gross proceeds of up to $500,000 through the issuance of up to 4,166,667 units at a price of 12 cents per unit. Each unit will consist of one Class A common share and one share purchase warrant (each entitling the holder to purchase one share at a price of 18 cents for five years from the date of issuance).

New Earth continues to make progress on the offering, the terms of which are unchanged and which is expected to close in early July. The company intends to use the proceeds from the offering for general working capital, mineral property exploration and marketing/investor relations services. The company may pay finders' fees and may issue finders' warrants in connection with the offering. Securities issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Insiders of the company may participate in the offering.

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 spanning approximately 273 acres and contiguous state lease mineral land of approximately 268 acres, the Lucky Boy project totals approximately 541 acres and covers a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s.

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.

We seek Safe Harbor.