Mr. Reagan Glazier reports

NEOTECH METALS CORP. REPORTS 342 METERS OF 0.50% TREO INCLUDING 58 METERS OF 1.06% TREO FROM BEDROCK SURFACE ON THE PIKE ZONE EXTENSION AT HECLA-KILMER

Neotech Metals Corp. has released additional geochemical assay results from its exploratory diamond drilling program of the niobium and rare earth element (REE) carbonatites, located at the Hecla-Kilmer (H/K) project, near to Otter Rapids in the James Bay Lowlands of Northern Ontario.

Neotech is reporting assay results from two holes, HK24-033 and HK24-031, at the Hecla-Kilmer project. This drill hole is part of a 12-hole program totalling 5,047 metres, completed as part of the exploration program during the fall of 2024. This specific drill hole intersected a mineralized interval on a gravity and magnetic anomaly within proximity to the Pike zone prospect. The historical gravity and magnetic survey data were made available from work done by VR Resources in previous exploration campaigns in 2020. The 2024 program drill holes were designed to test for intervals of total rare earth oxide (TREO) and niobium oxide (Nb2O5) within the alkaline intrusive carbonatite complex. The results are provided in the attached tables.

The 2024 exploration drill program was designed to confirm and validate the previous geophysical surveys that were conducted at Hecla-Kilmer in 2020, as well as to identify the structures and mineralized zones present as a preliminary assessment of the site. The results are currently being evaluated to identify potential next phases of development for Hecla-Kilmer. Technical studies will continue in order to advance metallurgical testing and other project assessments for the site.

Future exploration programs will be guided by the continuing incorporation and compilation of field exploration data to refine geological, geochemical and structural models to help identify and prioritize additional targets for evaluation.

Sample analysis and data compilation remain continuing, and any additional mineralized intervals identified in the remaining drill holes will be reported in subsequent news releases.

"The additional broad zones of mineralization starting from bedrock surface represent a significant economic opportunity for the Hecla-Kilmer project," stated chief executive officer Reagan Glazier. "These consistent mineralized zones at surface provide clear targets to guide future drill programs. Furthermore, the system remains wide open in several directions, including at depth, warranting further exploration and deeper drill testing to fully assess its scale."

Methodology and quality assurance/quality control (QA/QC)

Drill holes were drilled at various inclined angles with the assay intervals as total core widths. The material produced from the diamond drill holes was sampled at two-metre intervals with the core split in half, resulting in average sample sizes of two to four kilograms (kg). Half of the core is sent to the analytical laboratory and the other half is kept in storage, as required by industry standards and by Ontario provincial regulations. The original core was logged, photographed and sampled on location by Neotech personnel.

The bagged and catalogued samples were delivered to Activation Laboratories Ltd. (Actlabs) in Timmins, Ont., for initial preparation and final analysis. All sample preparation and analytical work referenced in this report were conducted by Actlabs, an independent geoanalytical laboratory accredited to ISO-IEC 17025:2017 and ISO 9001:2015 standards. In addition to Actlabs' internal QA/QC protocols, Neotech Metals incorporated its own control samples in each batch submitted for analysis.

Quality control samples, including blanks, duplicates and standards (certified reference materials), were inserted into the sample series at set intervals. For all analysis methods, the minimum number of QA/QC samples was two CRM standards per hole, one duplicate and/or one blank for every 10 samples taken, for a total of 10 per cent QA/QC samples for the entire data set. The procedures were implemented during the sample collection, preparation and analytical stages to ensure the robustness and reliability of the analytical results. QA/QC data were also verified by an independent third party to ensure the validity of the data sets.

All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of drill core samples were provided by Actlabs, a certified laboratory, which performed their measure of the concentration of rare earth elements with the analytical method that uses lithium borate fusion prior to the second-stage sodium peroxide fusion and inductively coupled plasma mass spectrometry (ICP-MS). Major element oxides were done using the lithium borate analytical method and inductively coupled plasma optical emission spectroscopy (ICP-OES).

Upcoming 2025 exploration season

Neotech is currently developing plans for an expansion/resource definition drilling program and preliminary mineralogical-metallurgical test work on the diamond drill core from this program. Continuing geological modelling and targeting will continue as the company receives additional assays.

About Neotech Metals Corp.

Neotech is a mineral exploration company dedicated to discovering and developing valuable mineral resources within promising jurisdictions 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 has a diversified portfolio of rare earth element and rare metals projects, including the Hecla-Kilmer, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and active Ontario Northway railway, along with its TREO and Foothills projects located in British Columbia. All three projects are 100 per cent wholly owned.

Qualified person

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Jared Galenzoski, vice-president of exploration, PGeo, and qualified person, has reviewed and approved all of the data and statements made for this news release.

We seek Safe Harbor.