New Earth Resources Closes Private Placement

Executive Summary

• New Earth Resources Corp. closed its previously announced non‑brokered private placement, issuing 2,200,000 units at $0.375 per unit and raising gross proceeds of $825,000.
• Each unit consists of one Class A common share and one warrant to purchase an additional share at $0.50 (exercisable until Jan 6 2029).
• Proceeds will be used for general working capital; the securities are subject to a four‑month hold period expiring May 7 2026.

Key Details

• Units Issued: 2,200,000 units at $0.375 per unit.
• Composition of Each Unit:
• 1 Class A common share.
• 1 share purchase warrant (exercise price $0.50 per share; valid until Jan 6 2029).
• Gross Proceeds: $825,000.
• Use of Proceeds: General working capital.
• Finder’s Fees Paid: $6,150 in cash.
• Finder’s Warrants Issued: 14,400 warrants (exercise price $0.375 per share; valid until Jan 6 2029).
• Hold Period: All securities subject to a four‑month hold period expiring May 7 2026 under Canadian securities law.

Notable Quotes

“On Behalf of the Board of Directors” – Lawrence Hay, President and CEO

Materiality Assessment: Material – Positive (the financing provides new capital for operations).