New Earth Resources Closes Non-Brokered Life Offering

Executive Summary

• New Earth Resources Corp. closed its “LIFE Offering” private placement, raising $524,825 in gross proceeds.
• The offering consisted of 2,999,000 units at $0.175 per unit, each unit containing one Class A common share and one share purchase warrant exercisable at $0.25.
• Proceeds will be used for further exploration on the Lucky Boy Uranium Property, to complete a remaining $80,000 payment under the SL Project option agreement in Quebec, and for general working capital.

Key Details

• Units Issued: 2,999,000 LIFE Units (each = 1 Class A common share + 1 Share purchase warrant).
• Issue Price: $0.175 per LIFE Unit.
• Gross Proceeds: $524,825.
• Warrant Terms: Each warrant exercisable for one share at $0.25, valid from December 22 2025 until October 24 2027.
• Financing Exemption: Closed under the listed issuer financing exemption (Part 5A of NI 45‑106) and Coordinated Blanket Order 45‑935.
• Finder’s Fees Paid: $10,496.50.
• Use of Proceeds:
• Exploration activities on the Lucky Boy Uranium Property (Arizona, USA).
• Payment of remaining $80,000 under the property option agreement for the SL Project (Strange Lake area, Quebec, Canada) – a rare‑earth prospective project.
• General working capital.

Notable Quotes

• “We are pleased to have successfully closed this financing, which provides us with the necessary capital to advance our flagship Lucky Boy uranium project and continue progress on the SL Project,” said Lawrence Hay, President and CEO.