Mr. Reagan Glazier reports

NEOTECH METALS ANNOUNCES DISTINCT APATITE-DOMINANT RARE EARTH MINERALIZATION AT HECLA-KILMER

Neotech Metals Corp. has released the results of a comprehensive and independent mineralogical study completed by SGS Lakefield on the company's 100-per-cent-owned Hecla-Kilmer rare earth and critical mineral project in Northern Ontario. These results confirm that up to 98 per cent of total rare earth oxide elements occur in apatite, and it is this distinctive apatite mineralogy, with exceptional leachability at low temperatures, that sets H-K apart.

Key findings from the SGS Lakefield metalogical study include the following:

• Apatites contain uniquely high total rare earth oxide content (7.4 per cent TREO), with the master composite accounting for approximately 82 per cent of the TREO distribution.
• Seven out of eight samples contain 85 per cent or more of total rare earth elements hosted in apatite.
• Apatite hosts up to 98 per cent of TREEs across the data set.
• Apatite occurs as a major rock-forming mineral (28-per-cent to 56-per-cent abundance) within the sampled interval.
• Discrete rare earth minerals are present only in trace quantities, including synchysite (0.36 per cent), monazite (0.05 per cent) and bastnasite (0.01 per cent) in the master composite.

This study establishes H-K as a fundamentally distinct rare earth system. Apatite occurs extensively across the sampled intervals and serves as the primary carrier of rare earth elements -- an uncommon mineralization style globally. SGS further reports that monazite, synchysite, bastnasite, allanite and other rare earth minerals together account for less than 1 per cent of the mineral assemblage, confirming that discrete rare earth minerals are only present at trace levels and that apatite overwhelmingly hosts the rare earth content.

Targeting apatites

Extensive mineralogical work completed by SGS Canada confirms that rare earths at Hecla-Kilmer are overwhelmingly hosted within apatite, supported by a multimethod analytical program that included Tima-X (Tescan integrated mineral analyzer), EPMA (electron probe micro analysis), X-ray diffraction and LA-ICP-MS (laser ablation by inductively couple mass spectrometry).

Eight representative variability samples, collected across the 361-metre interval in drill hole HK22-13 (which averaged 1 per cent TREO from bedrock surface), were examined to quantify both mineral abundance and mineral-specific rare earth deportment.

This mineralogical distribution establishes Hecla-Kilmer as a distinctly apatite-hosted rare earth system, fundamentally different from conventional monazite- or bastnasite-dominant deposits. The independent SGS report confirms that the rare earth content resides largely within the apatite crystal lattice, rather than in separate refractory mineral grains nor inclusions within the individual apatite crystals.

This host mineral relationship directly supports the exceptional low-temperature, low-acid leachability demonstrated in Neotech's metallurgical testwork announced on April 1, 2025. High liberation of apatite (80 to 92 per cent across all samples) at moderate grind sizes further reinforces its suitability as the primary metallurgical target for rare earth extraction.

The combined mineralogical and metallurgical data sets provide a consistent, independent confirmation of the unique processing advantages inherent to the Hecla-Kilmer system.

"Hecla-Kilmer continues to distinguish itself from every comparable rare earth system we have studied," stated chief executive officer Reagan Glazier in comment. "The confirmation that rare earths are overwhelmingly hosted within apatite gives this project a unique foundation among known rare earth deposits. Our metallurgical work has already shown the advantages associated with this style of mineralization, and, together, these results position Hecla-Kilmer as a potential significant source of critical minerals within a modern supply chain. We are very encouraged by the continued progress at the project as we advance and derisk a rare earth system that aligns with the goals of secure and sustainable value-added supply chains needed for the green transition."

2025 Hecla-Kilmer drill campaign

During 2025, the company completed approximately 8,000 metres of drilling at H-K, as well as relogging and reassaying approximately 1,900 metres of core drilled by the previous owner, VR Resources Ltd., between 2020 and 2023 for the full rare earth suite and to be included in the maiden resource estimate, expected to come in 2026.

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, exploration, PGeo, qualified person, has reviewed and approved all of the data and statements made for this news release.

About the 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 holds 100-per-cent ownership in three high-quality strategic rare earth element and rare metal projects, including the Hecla-Kilmer, located 20 kilometres from the Otter Rapids 180-megawatt hydroelectric power generation station and the active Ontario Northway railway, along with its TREO and Foothills projects located in British Columbia.

We seek Safe Harbor.