E-Tech arranges $950,000 private placement

Mr. Chris Drysdale reports E-TECH RESOURCES INC. ANNOUNCES $950,000 FINANCING E-Tech Resources Inc. plans to raise up to $950,000 through a private placement of up to 19 million shares of E-Tech at five cents per share. The net proceeds of the financing will be used to advance exploration at the company's Eureka project in Namibia, for working capital and general corporate purposes. To facilitate the financing, E-Tech has entered into an agreement with Numus Capital Corp., a registered exempt market dealer, to act as agent for the financing. E-Tech has agreed to pay to the agent a cash fee equal to 7 per cent of proceeds raised from investors introduced by the agent, except on subscriptions received from directors, officers and employees of E-Tech and their affiliates and associates, and to issue compensation warrants entitling the agent to purchase that number of shares as is equal to 7 per cent of the shares sold to investors introduced by the agent, except on subscriptions received from directors, officers and employees of E-Tech and their affiliates and associates. Each compensation warrant will be exercisable into a share of E-Tech at five cents per share for a period of 24 months from closing. Completion of the financing is subject to the satisfaction of certain conditions, including the approval of the TSX Venture Exchange and all securities issued pursuant to the financing will be subject to a four-month-and-one-day hold period. The engagement of Numus Capital Corp. and the financing may constitute related party transactions under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. E-Tech is relying upon an exemption for shareholder approval required under Section 5.7(1)(a) of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25 per cent of market capitalization of E-Tech. About E-Tech Resources Inc. E-Tech is a rare-earth exploration and development company focused on developing its Eureka rare-earths project in Namibia. The Eureka project is located approximately 250 kilometres northwest of Namibia's capital city Windhoek and 140 km east of Namibia's main industrial port Walvis Bay. The project is situated next to the national B1 highway in the Erongo region of Namibia. The Eureka deposit lies in the Southern Central zone of the Neoproterozoic Damara belt within exclusive prospecting licence (EPL) No. EPL 6762, which covers farms Eureka 99 and Sukses 90. E-Tech has also entered a definitive agreement to acquire an 85-per-cent interest in the permit EPL 8748 which lies adjacent to and surrounds the company's EPL 6762. E-Tech follows a dual-commodity approach, advancing both rare earths and nuclear fuels, two essential inputs for the global energy transition. Namibia is recognized as one of Africa's most politically stable jurisdictions, with a well-established national infrastructure and a clear and transparent mining law. We seek Safe Harbor.