NeoTerrex Reports Commencement of Drilling at the Monument Project and the Discovery of 44 New Occurrences at the Galactic Project Including Assays of 17.15% Zirconium and 2.44% Neodymium

The most recent news, dated October 30, 2025, announces two key developments: 1. Monument Project: The company has commenced its planned 14-hole, 2,000-metre diamond drilling program at the Monument Rare Earth Elements (REE) project in Quebec. This follows the receipt of drill permits announced on October 15, 2025. 2. Galactic Project: Recent exploration has discovered 44 new mineral occurrences, bringing the project total to 82 since 2024. Assay results from grab samples include exceptionally high grades of 17.15% Zirconium and 2.44% Neodymium.

The CEO stated that the 2025 results have exceeded expectations and that the company is advancing projects with a wide spectrum of critical metals.

The news is a positive operational update that confirms the company is executing its stated plans.

• Monument Drilling: The commencement of drilling is a significant milestone and the most important near-term catalyst for the company. However, this event was expected and largely anticipated by the market following the October 15th news that permits had been received and a drill program was planned for early November. Therefore, while positive, the start of drilling is a routine step in the exploration process. The material news will be the drill results themselves.

• Galactic Assays: The reported grab sample grades are very high and add to the project's geological potential. Finding high-grade Zirconium and Neodymium at surface is encouraging. However, as a risk-averse analyst, I must emphasize the disclaimer that "grab samples are selective by nature and may not represent average grades." These results are very early-stage and do not confirm an economic discovery.

• Progression and Lingering Questions: Reviewing the historical news reveals a pattern of promising surface results across a large portfolio of projects (Revolver, Gravitas, Galactic). The company has now advanced its flagship Monument project to the drilling stage, which is a positive progression.

• Red Flags: A significant concern arises from the lack of follow-up on previous programs.

  • A 1,326-metre, 8-hole drill program at the Valour project was completed in January 2025. Ten months later, no assay results have been released. This is highly unusual and suggests the results were poor.
  • Exploration updates from the Gravitas project in July and October 2025 focused on copper results, but pending tungsten assays from the historical Petosa zone, a key target mentioned in earlier releases, have not been reported.

This lack of transparency regarding potentially negative results is a major risk and calls into question the reliability of management's communications. While the current news is positive on its face, it must be viewed in the context of this selective reporting.

Overall, the news confirms operational progress and provides more encouraging, albeit early-stage, surface results. It's a net positive but does not materially change the company's risk profile or qualify as a game-changer.

NeoTerrex Minerals Inc. is a Canadian junior exploration company focused on critical minerals, particularly Rare Earth Elements (REE), in Quebec. The company holds a large portfolio of early-stage projects, including: - Monument (REE): This is the current flagship project, located near the large Montviel REE deposit. It is the focus of the company's maiden 2,000-metre drill program. - Galactic (REE, Zirconium, Niobium, Tantalum): A project with numerous high-grade surface discoveries. - Revolver (REE): Another project with high-grade heavy REE surface samples (up to 12.87% TREO). - Gravitas (Tungsten, Copper, Gold): Acquired via staking, royalty-free. - Other Projects: Valour, Mount Discovery, Strange Lake West.

The company's strategy is to de-risk multiple assets simultaneously through systematic, early-stage exploration, with the goal of identifying targets for drilling.