New Earth Resources begins exploration at Lucky Boy

Mr. Lawrence Hay reports NEW EARTH RESOURCES ANNOUNCES EXPLORATION PLANS ON ITS PAST-PRODUCING LUCKY BOY URANIUM PROJECT New Earth Resources Corp. has initiated exploration activities on its past-producing Lucky Boy uranium project, located in Gila county, Arizona. This phase of exploration aims to enhance the understanding of the uranium mineralization within the project area. The planned exploration program includes comprehensive geological mapping, geochemical surveys and scintillometer surveys. These activities are designed to assess the potential uranium resources and further define the geological features within the project site. Geological mapping: Detailed geological mapping will be conducted to identify and characterize rock formations, mineralization patterns, and structural features critical to the success of the exploration efforts. Geochemical surveys: A series of geochemical sampling will be undertaken to collect data on soil and rock chemistry, which is vital for identifying areas with potential uranium mineralization. Scintillometer surveys: The use of scintillometers will facilitate real-time measurement of radioactivity in the field. This non-invasive technique will aid in identifying prospective areas for further exploration. "We are very excited to commence this phase of our exploration program at our past-producing, flagship uranium property, the Lucky Boy project," stated Lawrence Hay, chief executive officer of New Earth Resources. "Building on the project area's legacy of production, our team is deploying geological mapping, geochemical surveys and scintillometer surveys to assist with delineating high-priority zones, effectively providing a road map for future exploration efforts." The exploration program is scheduled to commence in January, 2026, and the company anticipates sharing updates on its progress in the coming months. Increase in flow-through private placement The company also announces that it will be increasing its previously announced (see the company's news release dated Dec. 15, 2025) private placement of flow-through units at a price of 45 cents per flow-through unit. The company will now issue up to 2,444,444 flow-through units (increased from 2,222,222 flow-through units) for gross proceeds of up to $1.1-million (increased from $1-million). Each flow-through unit will consist of one flow-through share and one share purchase warrant (each entitling the holder to purchase one share at a price of 60 cents per share for a period of 36 months from the date of issuance). The proceeds received by the company from the sale of flow-through units will be used to incur eligible Canadian exploration expenses (CEE) that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)) on the company's mineral exploration properties located in Canada. About New Earth Resources Corp. New Earth Resources is a Canadian-based mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100-per-cent-owned, past-producing Lucky Boy uranium property located in Gila county, Arizona, United States. Consisting of 14 lode claims and spanning approximately 273 acres, the Lucky Boy project covers a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s. In addition to Lucky Boy, included in the company's uranium portfolio are three claims located in Saskatchewan, Canada, covering 365 hectares. The company also has the option to acquire a 100-per-cent interest in 23 claims covering approximately 1,101 hectares in the Strange Lake area of Quebec, Canada, known as the SL project, which is prospective for rare earth elements. In addition, the company has the option to acquire a 100-per-cent interest in the Red Wine rare earth project, comprising two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares. We seek Safe Harbor.