Neoterrex Minerals begins drilling at Monument

Executive Summary

• Neoterrex Minerals has commenced a 2,000-metre maiden drill program at its 100%-owned Monument project in Quebec, targeting geophysical anomalies for rare earths and sulphide mineralization.
• The company reported the discovery of 44 new mineralized occurrences at its Galactic project during a spring exploration program, bringing the total discoveries since 2024 to 82.
• Significant high-grade grab sample assays were reported from the Galactic project, including 17.15% Zirconium (Zr) and 2.44% Neodymium (Nd), with additional critical metal occurrences identified.

Key Details

• Monument Project Drilling:

  • Commenced a 2,000-metre maiden drill program.
  • Program targets high-priority geophysical anomalies (electromagnetic and magnetic bedrock) prospective for rare earths and sulphide mineralization.
  • Current phase includes approximately 14 holes, with potential for expansion based on early results.
  • Historical context: Only two historical holes drilled in the 1990s (searching for kimberlites) exist within project boundaries; both intersected carbonatites but were never assayed for rare earths.
  • Project is located near the Montviel light rare earth deposit, which hosts a NI 43-101 compliant indicated resource of 183.9 million tonnes at 1.45% TREO and an inferred resource of 66.7 million tonnes at 1.46% TREO.

• Galactic Project Discoveries:

  • 44 new mineralized occurrences discovered during spring exploration (prospecting, mapping, channel sampling).
  • Total occurrences since 2024: 82 (38 from 2024 + 44 new).
  • Program confirmed district-scale critical metal potential and extended known mineralized zones.

• Galactic Project Assay Highlights (Grab Samples):

  • Supernova Showing: 17.15% Zr and 5.61% Zr; elevated Nd, Nb, and Ta values. Channel sampling completed; results pending.
  • Nebula Area: 12.95% Zr.
  • Aries Showing: 10.05% Zr.
  • Ceres Showing: 2.44% Nd, 0.77% Nb, 0.10% Dy, and 8.18% Zr.
  • Nearby Outcrop: 1.31% Nb, 4.55% Zr, and 0.13% Dy.
  • Phoenix Occurrence: 0.36% Dy and 936 ppm Ta.

• Geological Footprint Updates:

  • Andromeda Sector: Mineralization footprint larger than previously thought; additional outcrops located west and north over an area of approx. 200m x 100m.
  • New Area: Discoveries made 100m south in an area measuring 70m x 80m.

• Technical Details:

  • Samples analyzed by ALS Canada Ltd. in Vancouver, B.C.
  • Methods used: ME-OGREE, ME-XRF15c, ME-MS71L, and ME-MS81h.
  • QA/QC included blanks and certified reference materials (OREAS 463).
  • Qualified Person: Mathieu Stephens, PGeo.

Notable Quotes

• "The 2025 results have exceeded our expectations for a two-week exploration program. Neoterrex is fortunate to advance a project hosting such a wide spectrum of critical metals, all within an accessible and geologically diverse setting." — Mathieu Stephens, President and CEO
• "The Galactic project continues to deliver discoveries across multiple critical metals while the commencement of drilling at Monument represents a major milestone for the company." — Mathieu Stephens, President and CEO