Neotech Metals Announces Amended LIFE Financing Page 1

Vancouver, British Columbia–(Newsfile Corp. – August 13, 2024) – Neotech Metals Corp. (CSE: NTMC) (OTC pink: NTMFF) (FSE: V690) (“Neotech” or the “Company“), announces that it has revised the terms of its non-brokered private placement LIFE financing (the “To offer“) previously announced on June 24, 2024. The aggregate proceeds will include a minimum of $1,350,000 and a maximum of $2,500,000, consisting of a minimum of 9,000,000 units of the Company (the “Units“) and up to a maximum of 16,666,667 Units at a price of $0.15 per Unit. Each Unit will consist of one Common Share in the Company’s authorized share structure (each a “Ordinary shares“) and one warrant to purchase common shares (a “bail“) of the Company. Each Warrant entitles the holder to receive one additional Ordinary Share (a “Warrant share“) of the Company at a price of $0.25 per Warrant Share for a period of 36 months from the date of issuance.

The warrants are subject to an acceleration provision whereby, if for 10 consecutive trading days the closing price of the Company’s ordinary shares (the “Shares“) exceeds $0.50 per share on the Canadian Securities Exchange, the Company may announce by press release that the expiration date of the warrants will be extended to 30 days thereafter.

The Company may compensate certain finders with a cash commission of up to 7% of the total gross proceeds of the Offering and issue finder warrants equal to 7% of the total number of Units subscribed for under the Offering.

Subject to compliance with applicable legal requirements and in accordance with National Instrument 45-106 – Prospectus exemptions (“NI-45-106“), the Units to be issued under the Offering are being offered for sale to purchasers resident in all provinces of Canada (other than Quebec) pursuant to the exemption for listed issuer financing under Part 5A.2 of NI 45-106. In accordance with NI 45-106, the securities issued under the Offering to subscribers resident in Canada are not subject to any restrictions on resale.

The net proceeds from the sale of the Units will be used for exploration expenditures and corporate and general operating expenses. There is an offering document related to this offering that is accessible under the Company’s profile on Sedarplus.ca and on the Company’s website at https://neotechmetals.com/. Potential investors should read this offering document before making an investment decision.