New Earth Resources Executes Option Agreement for Red Wine Rare Earth Project in Labrador
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New Earth Resources Executes
Option Agreement for Red Wine
Rare Earth Project in Labrador
November 21, 2025 | Source: New Earth Resources Corp.
Vancouver, British Columbia--(November 21, 2025) - NEW EARTH RESOURCES CORP. (CSE:
EATH) ("New Earth" or the " Company") is pleased to announce that it has executed an option
agreement (the “Agreement”) dated as of November 19, 2025 with Northex Capital Partners Inc.
(“Northex”) to acquire the Red Wine Rare Earth Project (the “Project”). The Project is comprised
of 2 non-contiguous mineral claims located in Labrador, Canada covering approximately 1,575
hectares in total.
Located in the Central Mineral Belt (“CMB”) of Newfoundland and Labrador, the first claim covers
approximately 1,425 hectares, approximately 110 km northeast of Churchill Falls and ~20 km
east of the Orma Lake hydro access road, an all -weather route that connects to the Trans -
Labrador Highway. The Project also consists of a secondary non-contiguous claim approximately
9 km to the northeast, covering an additional 150 hectares.
Under the Agreement, to acquire the Project the Company is obligated to issue an aggregate of
4,500,000 Class A common shares of the Company (each, a “ Share”) to Northex, as follows:
1,250,000 Shares within 10 business days of execution of the Agreement; an additional 1,500,000
Shares on or before the first anniversary date of the Agreement; and an additional 1,750,000
Shares on or before the second anniversary date of the Agreement. Shares issued under the
Agreement will be subject to a four month hold per iod in accordance with applicable securities
laws. The Company will also grant Northex a 2.0% net smelter returns royalty on the Project.
Northex is arm’s length to the Company.
About the Company
New Earth Resources Corp. is a Canadian -based mineral exploration company acquiring and
developing advanced and early-stage exploration projects. Its flagship project is its 100% owned,
past-producing Lucky Boy Uranium Property located in Gila County, Ariz ona, USA. 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 1950's, and again in the 1970's.
In addition to Lucky Boy, included in the Com pany's uranium portfolio are three claims located in
Saskatchewan, Canada covering 365 hectares.
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The Company also has the option to acquire a 100% 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.
For further information, please refer to the Company's disclosure record on SEDAR+
(www.sedarplus.ca) or contact the Company by email at [email protected].
On Behalf of the Board of Directors
"Lawrence Hay"
President and CEO
Tel: 778.317.8754
Email: [email protected]
Forward-Looking Information
Certain statements in this news release are forward -looking statements, including with respect to
future plans, and other matters. Forward -looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such information can generally be identified by the use of forwarding-looking
wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the
negative thereof or s imilar variations. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result of num erous known
and unknown risks, uncertainties, and other factors, many of which are beyond the control of the
Company, including but not limited to, business, economic and capital market conditions, the ability
to manage operating expenses, and dependence o n key personnel. Such statements and
information are based on numerous assumptions regarding present and future business strategies
and the environment in which the Company will operate in the future, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual results to differ materially from those
in forward-looking statements include, the continued availability of capital and financing, litigation,
failure of counterparties to perform their contractual obligations, loss of ke y employees and
consultants, and general economic, market or business conditions. Forward -looking statements
contained in this news release are expressly qualified by this cautionary statement. The reader is
cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward -looking statements, whether as a result of new
information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.