Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES CLOSE OF OVER SUBSCRIBED PRIVATE PLACEMENT AND RECEIVES FUNDS FROM WARRANT EXERCISES

Further to Neotech Metals Corp.'s news release dated July 24, 2025, that it has closed its previously announced non-brokered private placement financing.

Under the offering, the company issued:

1. 660,810 non-flow through units of the company at a price of 17 cents per unit, for gross proceeds of $112,338, with each unit comprising one common share of the company and one share purchase warrant entitling the holder to purchase one common share at a price of 35 cents for a period of two years;
2. 5.44 million flow-through units of the company (FT units) at a price of 25 cents per FT unit, for gross proceeds of $1.36-million, with each FT unit comprising one common share that qualifies as a flow-through share as defined in the Income Tax Act (Canada) and one share purchase warrant entitling the holder to purchase one common share at a price of 35 cents for a period of two years.

The company raised gross aggregate proceeds of $1,472,338 through the offering.

There were no finders' fees paid on the offering.

The net proceeds from the sale of the FT units will be used for qualified expenditures in respect of the company's mineral properties, and the net proceeds from the sale of the units will be used for general working capital purposes. The units and FT units, including all underlying securities thereof, have a hold period of four months and one day from the date of issue. Both the FT warrants and the unit warrants are subject to an acceleration provision whereby, if for any 20 consecutive trading days following the closing of the offering, the closing price of the company's common shares exceeds 50 cents per share on the Canadian Securities 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 company is also pleased to announce that it has received gross proceeds of $533,885 from the exercise of warrants throughout the month of August.

About the Neotech Metals Corp.

Neotech Metals 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.

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