Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES CLOSE OF PRIVATE PLACEMENT

Further to its news release dated Oct. 2, 2025, Neotech Metals Corp. has closed its non-brokered private placement financing. Under the financing, the company issued 9,258,414 critical minerals exploration tax credit flow-through (CMETCFT) units of the company at a price of 35 cents per CMETCFT unit for gross proceeds of $3,240,445, with each CMETCFT unit comprising one common share that qualifies as a flow-through share as defined in the Income Tax Act (Canada) and one-half of one share purchase warrant entitling the holder to purchase one common share at a price of 45 cents for a period of two years.

In connection with the financing, the company paid finders' fees of $57,304.96 and issued 163,728 non-transferable finder warrants to certain eligible finders. Each finder warrant entitles the holder thereof to acquire one share at any time for a period of two years from the date of issuance at a price of 45 cents per share.

The financing included an issuance of 285,000 CMETCFT units to an insider of the company for gross proceeds of $99,750. Accordingly, the issuance of such securities constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the insider participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the insider participation nor the securities issued in connection therewith exceeded 25 per cent of the company's market capitalization.

The net proceeds from the sale of the CMETCFT units will be used for qualified expenditures in respect of the company's mineral properties, and the net proceeds from the sale of the CMETCFT units will be used for general working capital purposes. The CMETCFT units, including all underlying securities thereof, have a hold period of four months and one day from the date of issue. The warrants are subject to an acceleration provision, whereby, if, for any 20 consecutive trading days following the closing of the financing, the closing price of the company's common shares exceeds 75 cents per share on the CSE, the company may announce by way of news release that the expiry date of the warrants will be accelerated to 30 days thereafter.

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 Hecla-Kilmer, located 20 kilometres from the 180-megawatt Otter Rapids 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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