New Earth Resources Announces Non-Brokered LIFE Offering

Executive Summary

• New Earth Resources Corp. is launching a non‑brokered private placement (“LIFE Offering”) to raise between $350,000 (minimum) and $525,000 (maximum).
• The offering consists of 2 – 3 million “LIFE Units” priced at $0.175 each; each unit includes one Class A common share and one share‑purchase warrant exercisable at $0.25 per share for up to 24 months.
• Proceeds will fund further exploration at the Lucky Boy Uranium Property, complete an $80,000 payment on the SL Project option in Quebec, and provide general working capital.

Key Details

• Offering Size: Minimum gross proceeds of $350,000; maximum gross proceeds of $525,000.
• Units Offered: 2,000,000 – 3,000,000 LIFE Units at $0.175 per unit.
• Unit Composition:
• 1 Class A common share (the “Share”).
• 1 Share purchase warrant (“LIFE Warrant”) exercisable for one additional Share at $0.25 per Share.
• Warrant Terms: Exercisable any time after 60 days from issuance and until 24 months from issuance.
• Insider Participation: Insiders are permitted to participate in the LIFE Offering.
• Finder’s Fees: Company may pay up to 2% of gross proceeds as finder's fees.
• Use of Proceeds:
• Further exploration on the Lucky Boy Uranium Property (Arizona, USA).
• Pay 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.
• Regulatory Exemption: Offering made under NI 45‑106 listed issuer financing exemption (Part 5A) and Coordinated Blanket Order 45‑935; available to Canadian residents except those in Quebec.
• Statutory Hold Period: No statutory hold period applies to the securities issued.
• Offering Document: Filed and accessible via the Company’s profile on www.sedarplus.ca.

Notable Quotes

“The LIFE Offering provides us with essential capital to advance our flagship Lucky Boy uranium project and to secure the SL Project option, positioning New Earth for continued growth in both uranium and rare‑earth exploration.” – Lawrence Hay, President and CEO

Materiality Assessment: Material – Positive (the financing is expected to materially support ongoing exploration activities and corporate development).