NTX.V · 2025-10-30 12:00:00

NeoTerrex Reports Commencement of Drilling at the Monument Project and the Discovery of 44 New Occurrences at the Galactic Project Including Assays of 17.15% Zirconium and 2.44% Neodymium

Drill Results

NeoTerrex Reports Commencement of Drilling

at the Monument Project and the Discovery of

44 New Occurrences at the Galactic Project

Including Assays of 17.15% Zirconium and

2.44% Neodymium

Ottawa, Ontario--(Newsfile Corp. - October 30, 2025) - NeoTerrex Minerals Inc. (TSXV: NTX)

("NeoTerrex" or the "Company") is pleased to announce the commencement of its 2,000-metre maiden

drill program at the 100% owned Monument project, near Waswanipi, Quebec and provides assay

results from its surface exploration program at its Galactic project.

Highlights:

2,000 metre drill program underway at the Monument project

Drilling targets geophysical anomalies prospective for rare earths and sulphide mineralization

(Monument project)

44 new occurrences discovered at Galactic project (82 since 2024) (Galactic project)

Galactic Zirconium ("Zr") assay results among highest recorded in the province in grab samples

(17.15% Zr) (Galactic project)

Numerous Tantalum ("Ta"), Dysprosium ("Dy"), Neodymium ("Nd") and Niobium ("Nb")

occurrences discovered at Galactic, including 2.44% Nd (Galactic project)

Monument Project Drilling

NeoTerrex has initiated a 2,000-metre drill program at its Monument project, situated in the

Waswanipi/Montviel region of Québec. The program is testing high-priority geophysical targets identified

during recent surveys that outlined strong electromagnetic anomalies coincident with highly magnetic

bedrock. These signatures are comparable to those associated with the nearby Montviel light rare earth

deposit, which hosts a National Instrument 43-101 compliant indicated resource of 183.9 million tonnes

grading 1.45% TREO and an inferred resource of 66.7 million tonnes grading 1.46% TREO (SGS

Canada, 2011).

The current phase will include approximately 14 holes, with the potential for expansion based on early

results. Only two historical holes, drilled in the 1990s in search of kimberlites, are known within the

project boundaries; both intersected carbonatites, a key host rock for rare earth mineralization, but were

never assayed for rare earths.

Galactic Project Discoveries

At the Galactic project, NeoTerrex completed a spring exploration program consisting of prospecting,

mapping, and channel sampling. A total of 44 new mineralized occurrences were discovered, extending

known mineralized zones and confirming the district-scale critical-metal potential of the project. The

program also included channel sampling in locations where bedrock exposure was more prevalent.

table of the 2025 results and their coordinates is provided further below, adding to the 38 occurrences

located last year (NeoTerrex December 6, 2024 news release). A map indicating the location of

discoveries in relation to last year's results is also provided.

Among the new discoveries, the Supernova showing, located 650 metres north of the 2024 Hubble

occurrence, returned grab samples grading 17.15% and 5.61% Zr, along with elevated Nd, Nb, and Ta

values. Channel sampling, including at Supernova has been completed. These assays are

pending.

Additional high-grade zirconium results include 12.95% Zr from the Nebula area (1.2 kilometres

northeast of 2024 discoveries) and 10.05% Zr from the newly discovered Aries showing. Sampling near

the Ceres showing yielded 2.44% Nd, 0.77% Nb, 0.10% Dy, and 8.18% Zr, while a nearby outcrop

returned 1.31% Nb, 4.55% Zr, and 0.13% Dy. Zirconium is considered a critical metal due to its

importance in a wide range of technologies, including aerospace, defense, and nuclear energy.

Results also indicate that some mineralized areas have a larger footprint than previously thought. In the

Andromeda sector, additional mineralized outcrops were located to the west and north, indicating that

mineralization is present over an area of approximately 200 metres by 100 metres. Additional

discoveries were also made 100 metres south in an area measuring 70 metres by 80 metres. Several

new occurrences were also discovered in an area not explored in 2024. These include the Phoenix

occurrence yielding 0.36% Dy and 936 ppm Ta.

Table 1: List of new discoveries. Nb, Ta, Dy, Nd and Zr in grab samples

Occurrence

UTME

UTMN

Nb (ppm)

Ta (ppm)

Dy (ppm)

Nd (ppm)

Zr (%)

Andromeda X

640072

5588301

4680

204

1710

2780

2.01

Andromeda XI

640080

5588141

1730

365

1765

2.40

Andromeda XII

640091

5588251

4050

229

696

701

1.32

Andromeda XIII

640065

5588289

1970

601

849

0.73

Andromeda XIV

640024

5588253

634

100

623

5.60

Andromeda XIX

640028

5588200

1380

105

392

1.82

Andromeda XV

640015

5588243

3900

212

692

1910

5.22

Andromeda XVI

639966

5588162

1840

215

679

0.45

Andromeda XVII

639970

5588157

1785

479

4040

7.51

Andromeda XVIII

640011

5588216

1180

126

292

2.47

Andromeda XX

640019

5588207

4910

233

538

302

7.92

Andromeda XXI

640025

5588164

1635

175

125

0.60

Aries

639177

5588739

3620

100

313

802

10.05

Canis Major II

639927

5588021

1825

135

198

188

11.45

Canis Major III

639931

5588021

13000

478

870

1170

5.17

Canis Major IV

640009

5588031

2790

119

530

681

1.42

Canis Major V

639978

5588037

498

433

2.18

Canis Minor II

640049

5587970

2600

111

269

1050

3.98

Centaurus

639854

5587829

6300

258

2500

2530

1.30

Ceres II

639057

5588742

7700

634

1065

24400

8.18

Cygnus IV

639637

5588837

3320

165

1890

13100

3.27

Cygnus V

639691

5588978

1710

118

384

4710

2.22

Gemini III

639817

5588996

1095

144

510

5.41

Gemini IV

639784

5588957

412

6.74

Gemini V

639762

5588936

1990

947

1490

1.14

Hydra II

639156

5588939

2000

Nebula I

640796

5589725

839

225

1055

12.95

Nebula II

640292

5589476

1830

115

239

1985

5.64

Nebula III

640925

5589581

506

2090

0.55

Pavo I

639885

5589151

2820

131

621

2230

5.06

Pavo II

639842

5589092

492

263

1545

5.82

Perseus

639748

5588214

1185

683

3260

0.79

Phoenix

639111

5589104

10000

936

3640

7420

3.17

Polaris

636915

5601148

194

179

1035

0.49

Sagan II

640103

5588438

324

164

2300

0.52

Sagan III

640101

5588432

5840

171

537

895

2.76

Sagan IV

640015

5588457

2980

216

188

190

1.22

Serpens I

639402

5588840

13100

503

1365

2830

1.86

Serpens III

639382

5588818

4750

550

164

1170

0.57

Serpens III

639338

5588742

1360

130

4550

4.55

Serpens IV

639405

5588872

1610

174

310

3.66

Supernova

639756

5590278

5090

357

642

4880

17.15

Webb I

640155

5588529

1590

208

863

0.94

Webb II

640163

5588629

663

227

3720

3.16

QA/QC

Grab samples are selective by nature and may not represent average grades on this project. Analyses

were performed by ALS Canada Ltd. with the analytical procedure performed in Vancouver (BC).

Samples were analyzed using the methods ME-OGREE, ME-XRF15c, ME-MS71L and ME-MS81h.

Blanks and certified reference materials (CRMs) with known grades were inserted among the samples

(OREAS 463).

Figure 1: Map of Occurrences (2024-2025)

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8499/272514_4417ec2b44cf8aef_001full.jpg

Mathieu Stephens, NeoTerrex's President and CEO commented: "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. We are

now integrating these results into an updated geological model in preparation for the next phase of work,

which will include mechanical trenching and drilling.

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. Few projects

combine this level of geological diversity, metal potential, and ease of access, and we're eager to

advance both projects to the next stage of exploration."

Qualified Person

The technical and scientific content of this news release has been reviewed, verified, and approved by

Mathieu Stephens, P.Geo., President and CEO of NeoTerrex, and a Qualified Person as defined under

National Instrument 43-101-

Standards of Disclosure for Mineral Projects

About NeoTerrex

NeoTerrex's projects are located in Québec, a province recognized for its exceptional infrastructure,

supportive regulatory framework, and growing importance within the North American critical minerals

supply chain. With a portfolio of well-positioned assets, NeoTerrex is strategically aligned to capitalize

on the accelerating demand for rare earth elements and other key materials essential to the defense

industry and clean-energy transition.

For further information, please contact:

NeoTerrex Minerals Inc.

Mathieu Stephens, President & Chief Executive Officer

[email protected]

343-308-2648

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release may contain certain forward-looking information and statements, including, without

limitation, statements pertaining to NeoTerrex's future plans, objectives or goals regarding the drill

program at the Monument project and the next phase of work which will include mechanical trenching and

drilling at the Galactic project and agreements with applicable Indigenous communities. All statements

included herein, other than statements of historical fact, are forward-looking information and such

information involves various risks and uncertainties.

The Company does not undertake to update any

forward-looking information except in accordance with applicable securities laws. There can be no

assurance that such information will prove to be accurate, and actual results and future events could

differ materially from those anticipated in such information. A description of assumptions used to

develop such forward-looking information and a description of risk factors that may cause actual results

to differ materially from forward-looking information can be found in the Company's disclosure

documents on the SEDAR+ website at

www.sedarplus.ca

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/272514

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