Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES FLOW-THROUGH FINANCING, FINANCIAL STAR NEWS CONTRACT, AND TERMINATION OF THOR AGREEMENT

Neotech Metals Corp. intends to complete a non-brokered private placement financing, in one or more tranches, of up to 2,142,857 flow-through (FT) units of the company at a price of 70 cents per FT unit, for gross proceeds of up to $1.5-million.

Each FT unit will be composed of one common share that qualifies as a flow-through share as defined in the Income Tax Act (Canada) and one-half of one flow through common share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of 80 cents for a period of three years.

The FT units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finder's fees may be payable to arm's-length parties which introduce subscribers to the company, in accordance with the policies of the Canadian Securities Exchange.

The warrants will be subject to an acceleration provision whereby, if for any 15 consecutive trading days the closing price of the company's common shares exceeds $1.00 per share on the exchange, the company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter.

The net proceeds from the sale of the FT units will be used for qualified expenditures in respect of the company's Canadian mineral properties.

Neotech is also pleased to announce that it has extended its agreement with Financial Star News Inc. of 701 West Georgia St., No. 1500, Vancouver, B.C., V7Y 1C6, e-mail: info@thefinancialstar.com, to provide marketing services for up to six months commencing on March 18, 2024. The new service term may be extended or shortened at the discretion of management depending on, amongst other things, the efficacy of the marketing services.

The services provided by FSN will include the creation of campaigns, ad groups, text ads, display ads, performance of detailed keyword research, setup and management of remarketing campaigns, optimizing keyword options, co-ordinating on-line advertisers and marketers, corresponding to on-line marketing targets, creating landing pages for ad campaigns, and generally bringing attention to the business of the company. The promotional activity undertaken by FSN will occur on the Financial Star News landing page, and via Google ads and native advertising.

The company will pay a fee of $250,000 (U.S.) (plus GST (goods and services tax) for the continuation of the marketing services. The company will not issue any securities to FSN as compensation for its marketing services. As of the date hereof, to the company's knowledge, FSN (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

Lastly, the company announces that it has decided to terminate its option agreement with regard to the Thor project in Nevada, United States. The company will be refunded its initial cash payment from December, 2023, and the common shares issued to the optionor will also be returned to treasury (please see news release dated Dec. 15, 2023).

About Neotech Metals Corp.

Neotech Metals is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.

The company is a mineral exploration company based in Vancouver, B.C., and owns 100 per cent of its Treo rare earth element property, located 90 kilometres northeast of Prince George, B.C., and 100 per cent of its Foothills rare earth element property located in central British Columbia. The company also holds options on the EBB nickel-cobalt property in British Columbia, Canada.

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