Announcement • Jul 23
NeoTerrex Minerals Inc Receives Authorization To Advance 2026 Exploration At Strange Lake West Project NeoTerrex Minerals Inc. has received confirmation from the Kativik Regional Government authorizing the Company to proceed with its planned 2026 mineral exploration program at the Strange Lake West project in Nunavik, Qubec. The Kativik Regional Government authorization, which represents an important milestone in advancing the Company's exploration activities within the highly prospective Strange Lake district, includes environmental stewardship requirements focused on responsible exploration practices, including waste management, wildlife protection protocols and caribou monitoring and mitigation measures. NeoTerrex is committed to implementing all required measures and conducting its exploration activities in accordance with high standards of environmental and social responsibility. The approved 2026 exploration program includes geological mapping, examination of rock outcrops, rock sampling, geochemical surveying and lake-bottom sediment sampling across selected target areas within the Project. Field activities are expected to commence in August 2026. The Company will continue to engage with local and Indigenous communities throughout the exploration program. New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.63m market cap, or US$4.71m). Announcement • Jul 22
NeoTerrex Minerals Receives Authorization To Advance 2026 Exploration At The Strange Lake West Project NeoTerrex Minerals Inc. received confirmation from the Kativik Regional Government authorizing the Company to proceed with its planned 2026 mineral exploration program at the Strange Lake West project in Nunavik, Québec. The KRG authorization includes environmental stewardship requirements focused on responsible exploration practices, including waste management, wildlife protection protocols and caribou monitoring and mitigation measures. The approved 2026 exploration program includes geological mapping, examination of rock outcrops, rock sampling, geochemical surveying and lake-bottom sediment sampling across selected target areas within the Project. Field activities are expected to commence in August 2026. The Project is strategically located adjacent to Torngat Metals Ltd.'s Strange Lake heavy rare earth element deposit, which has received a commitment of up to CAD 165 million in funding from the Government of Canada. The Project has undergone limited historical exploration and has no recorded drilling. Its geology is considered prospective for rare earth mineralization and displays similarities to the geology associated with the nearby Strange Lake deposit. Historical exploration identified 21 grab samples collected from outcrops and boulders that returned total rare earth oxide values ranging from 0.10% to 1.40%, including values associated with dysprosium, a high-value heavy rare earth element. The historical results are recorded in the Québec government's Sigeom database. Grab samples are selective by nature and may not be representative of the overall mineralization hosted on the Project. NeoTerrex has not independently verified all the historical sampling information, and the results should not be relied upon as necessarily indicative of mineralization elsewhere on the Project. The 2026 exploration program is designed to evaluate the historical rare earth occurrences, improve the Company's understanding of the Project's geology, identify additional areas of mineralization and refine priority targets for future exploration. There has been no recorded exploration on the Project area since 2011, when several rare earth element occurrences were first identified. The Company will continue to engage with local and Indigenous communities throughout the exploration program. 
