Vancouver, British Columbia--(Newsfile Corp. - March 11, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or the "Company"), a mineral exploration company, is pleased to announce the signing of a non-binding LOI on February 12, 2024 with VR Resources Ltd. (TSXV: VRR), a TSX-V listed company pursuant to which Neotech will have the right to acquire a 100% interest in the Rare-Earth Element ("REE"), niobium and phosphate project in northeastern Ontario , with such right being exercisable through the issuance by Neotech of four million common shares over 30 months, to be priced at the Company's then market price, and the payment of $1 million.

Reagan Glazier, CEO of Neotech Metals, commented: "The acquisition of Hecla-Kilmer is highly strategic to Neotech, as it solidifies the Company's position in the REE and Critical Metals sector, adding both a significant, high-quality REE discovery with demonstrated potential, and a large, prospective land package with significant upside potential. Neotech is advancing a multitrack agenda of aggressive exploration and strategic REE district consolidation, and this transaction represents an important step in our path forward."

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