REE.V · 2021-12-01 12:00:00

E-Tech Resources Inc. Receives Further High- Grade Assays and Expands the Mineralized Footprint on Its 100% Owned Eureka REE Project in Namibia

Drill Results

E-Tech Resources Inc. Receives Further High-

Grade Assays and Expands the Mineralized

Footprint on Its 100% Owned Eureka REE

Project in Namibia

Halifax, Nova Scotia--(Newsfile Corp. - December 1, 2021) - E-Tech Resources Inc. (TSXV: REE) ("

E-

Tech or the Corporation

") is pleased to announce high grade REE assays from Reverse Circulation

("RC") drilling which includes 3 meters of 8.0% TREO and 8 meters of 4.5% TREO (see highlights

below). The Corporation is also pleased to announce the expanded surface delineation of Zone 1 and

Zone 3 to the south and west by approximately 100 meters and 140 meters, respectively (see map

below).

Highlights from the RC drilling include:

Zone 1:

Drill Hole ER002: 3.8% TREO over 3 meters from 71m to 74m

Drill Hole ER002: 1.4% TREO over 7 meters (including 2.3% TREO over 3 meters) from 103m to

110m

Drill Hole ER020: 1.4% TREO over 6 meters (2.7% TREO over 2 meters) from 15m to 21m

Drill Hole ER023: 4.5% TREO over 8 meters (including 17% TREO over 2 meters) from 54m to

62m

Zone 3 Central:

Drill Hole ER009: 1.4% TREO over 15 meters (including 3.2% TREO over 3 meters) from 63m to

78m

Drill Hole ER014: 8.0% TREO over 3 meters from 118m to 121m

Zone 3 West:

Drill Hole ER003: 3.5% TREO over 2 meters from 64m to 66m

Drill Hole ER005: 5.1% TREO over 2 meters from 65m to 67m

Zone 3 South:

Drill Hole ER018: 1.4% TREO over 8 meters (including 4.4% TREO over 2 meters) from 103m to

111m.

Elbert Loois, E-Tech Resources Inc. CEO, commented, "These positive results at Zone 1, Zone 3,

Zone 3 West and Zone 3 South are highly encouraging and indicate that we have now increased the

Eureka Project's footprint significantly. These results follow the recent diamond drilling results, which

show REE mineralization 100 meters below the depth used to calculate the existing resource estimate

and give us further confidence in the potential of the Eureka REE project. We look forward to our

upcoming drill program as well as receiving the outstanding diamond core assays."

RC Drilling Results

Assay results have now been received from the RC drilling campaign which took place between

December 2020 and March 2021. A total of 3000 meters of drilling in 23 holes tested both lateral and

depth targets over Zone 1 and Zone 3 to a vertical depth of up to 170 meters. A total of 1725 RC drilling

samples (including standards, duplicates and blanks) have been assayed to date. Figure 1 below shows

the location of the RC drill holes over Zone 1 and Zone 3.

FIGURE 1: Plan view of drill hole positions at Eureka illustrating all assay results received to

date. The red dots are RC drill holes completed in 2017, while the purple areas represent the

current 2021 Mineral Resource Estimate (MRE).

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/6102/105961_c73e9d05f4fbf8c2_001full.jpg

Zone 1

Zone 1 targets were selected to provide further support for lateral and depth extent of the current known

resource. 7 RC holes in a scissor configuration were drilled in Zone 1 to extend the current resource to

depth. Scissor holes ER001 with ER023, ER002 with ER022 and ER020 with ER019 were scissored

from the northeast and southwest respectively (see Figure 1). All the holes were compromised by

underground water ingress.

These RC drill holes, although unable to reach the target depths planned, indicate continuation of the

dykes within Zone 1 - which constitute the bulk of the current MRE - to an additional 60 meters vertical

depth. Combined with information from the recently announced diamond drilling on the same Zone 1

which intercepted dykes at a vertical depth of 180m, the continuation of the dykes at intermediate depths

is confirmed.

Zone 3 West

The RC drilling over Zone 3 was planned to test the scale of this area and to test if the dykes exposed by

trenching at surface continue to depth. Holes ER003 to ER006 specifically targeted the obscured

western extension of known carbonatite dyke outcrops.

The carbonatite dykes intersected on this western area are typically 2 meters in apparent thickness,

carry appreciable grade across meter intervals (as seen in ER003 and ER005) and suggest

continuation of Zone 3 to the West.

Zone 3 Central

Holes ER007 through to ER017 were planned to investigate the size extent of obscured carbonantite

dykes at depth, which are known from outcrop or were revealed by trenching.

A series of carbonatite dykes were intercepted in this area displaying variable thicknesses from under 1

meter to up to 15 meters in apparent width, returning interval grades from between 0.3% TREO to 11.6%

TREO.

Zone 3 South

Hole ER018 tested the south-westward area of Zone 3 to explore the dyke continuity in this direction as

indicated by historical trenching. Four (4) REE-mineralised dykes were intersected in this hole. These

results therefore confirm the continuity of the dykes into the southern part of Zone 3 and correspond with

indicator anomalies encountered in the test-trenches dug at surface.

Table 1 presented on the next page gives a summary of all the significant intercepts in total rare earth

oxide (TREO) grade from all Zones.

Geochemical Analysis

As an additional validation of the received geochemical analysis of all RC and DD assays to date, there

is an observed strong correlation between phosphorous and REE, and between REE and thorium which

reinforces the almost exclusive monomineralic character of the REE host mineral monazite across all

Zones.

TABLE 1: Significant intercepts from the 2021 Reverse Circulation (RC) campaign.*

Hole

Planned

Depth

EOH

Azi

From

Width (m)

Grade TREO

Location

ER001

200

105

220°

2.3

526405

7562581

Zone 1

ER002

200

121

220°

3.8

526453

7562544

Zone 1

ER002

1.8

Zone 1

ER002

103

110

1.4

Zone 1

incl.

107

110

2.3

Zone 1

ER003

120

130

180°

0.4

526101

7562283

Zone 3 W

ER003

3.5

Zone 3 W

ER003

0.5

Zone 3 W

ER004

120

180°

2.0

526132

7562285

Zone 3 W

ER004

0.5

Zone 3 W

ER004

108

110

1.2

Zone 3 W

ER005

120

180

180°

0.5

526164

7562283

Zone 3 W

ER005

5.1

Zone 3 W

ER005

2.5

Zone 3 W

ER005

0.4

Zone 3 W

ER006

120

180

180°

0.5

526192

7562285

Zone 3 W

ER006

102

105

1.2

Zone 3 W

ER007

180

200

200°

0.6

526242

7562224

Zone 3 W

ER007

105

106

0.9

Zone 3 W

ER007

199

200

0.9

Zone 3 W

ER008

160

190

200°

0.6

526293

7562278

Zone 3

ER008

1.1

Zone 3

ER008

0.6

Zone 3

ER008

1.4

Zone 3

incl.

3.0

Zone 3

ER008

0.5

Zone 3

ER008

135

136

0.5

Zone 3

ER009

160

190

200°

0.7

526338

7562260

Zone 3

ER009

1.1

Zone 3

ER009

1.4

Zone 3

incl.

3.2

Zone 3

ER009

0.9

Zone 3

ER010

160

134

200°

121

125

0.3

526386

7562260

Zone 3

ER011

160

020°

2.5

526356

7562147

Zone 3

ER011

1.0

Zone 3

ER012

150

180

020°

No intersection

526393

7562133

Zone 3

ER013

150

165

200°

144

147

1.0

526389

7562138

Zone 3

ER014

100

160

020°

111

112

3.0

526325

7562090

Zone 3

ER014

118

121

8.0

Zone 3

incl.

119

121

11.6

Zone 3

ER015

100

130

020°

1.2

526293

7562124

Zone 3

ER015

1.1

Zone 3

ER015

101

103

0.5

Zone 3

ER016

100

120

020°

0.6

526243

7562147

Zone 3

ER016

0.5

Zone 3

ER017

160

020°

No intersection

526260

7562188

Zone 3

ER018

160

200°

103

111

1.4

526196

7562192

Zone 3 S

incl.

103

105

4.4

Zone 3 S

ER018

131

132

3.5

Zone 3 S

ER018

153

155

1.1

Zone 3 S

ER018

157

158

1.1

Zone 3 S

ER019

160

113

040°

0.5

526406

7562404

Zone 1

ER019

0.5

Zone 1

ER020

160

148

220°

1.4

526452

7562486

Zone 1

incl.

2.7

Zone 1

ER021

160

040°

0.7

526365

7562437

Zone 1

incl.

1.8

Zone 1

ER022

175

156

040°

1.2

526368

7562472

Zone 1

incl.

2.3

Zone 1

ER023

150

103

040°

1.4

526340

7562497

Zone 1

ER023

4.5

Zone 1

incl.

17.0

Zone 1

*Hole locations are provided in UTM Zone 33S. Inclination angle at 60 degrees for all RC holes. Reported intercepts are drilled lengths while the

true thickness of the mineralization is estimated to range between 60 and 80 per cent of the drilled lengths.

Eureka Project Technical Disclosure

The Corporation produced its current Mineral Resource Estimate ("MRE") for the Eureka Project with an

effective date of 2 August 2021. The MRE was prepared by SRK Consulting (UK) ("SRK"). An

Independent Technical Report titled "Independent Technical Report: Eureka, Rare Earth Project,

Namibia" was released on the 15 September 2021 and prepared by SRK, supporting the disclosure of

the MRE, and is available on SEDAR and the Corporation's website. (

https://etech-resources.com

)

Quality Assurance / Quality Control

All E-Tech sample assay results have been independently monitored through a quality assurance /

quality control ("QA/QC") program including the insertion of blind standards, blanks and duplicate

samples. QA/QC samples make up 10% of all samples submitted. Sampling of RC chips from drilling

was conducted in two stages. The initial stage of sampling was conducted during the drilling, each drilled

meter was collected from the rig mounted cyclone and were then split in a 7:1 (8 way) splitter, the split

fraction was then split again 1:1 (2 way) to create two approximately 2 kg samples. One sample was

retained as a reference sample for future work, the other sample was then collected as a laboratory

sample stream and transported to Activation Laboratories Ltd. sample preparation facility in Windhoek,

Namibia. The sample is dried, crushed to 90% passing 2 mm, riffle splitting a 250 g sub-sample and

pulverizing to 95% passing 105 µm. Sample pulps are sent to Activation Laboratories Ltd. in Ontario,

Canada for analysis. REE analysis is by method 8-REE. The sample is milled to 95% -200 mesh. To

ensure complete fusion of resistate minerals; lithium metaborate/tetraborate fusion is used with analysis

by ICP-OES and ICP-MS. Mass balance is calculated as an additional quality control technique to

ensure complete analysis.

Qualified Person

Pete Siegfried, BSc. (Hons), M.Sc., is a Consulting Geologist and director of GeoAfrica Prospecting

Services CC. Mr Siegfried has reviewed and approved the scientific and technical information in this

news release. Mr. Siegfried is a member of The Australasian Institute of Mining and Metallurgy (AusIMM)

membership number: 221116 (CP Geology), and a Qualified Person for the purposes of National

Instrument 43-101.

About E-Tech Resources Inc.

E-Tech Resources Inc. (TSXV: REE) is a rare earth exploration and development company focused on

developing its Eureka Rare Earths Project in Namibia. The Eureka Project is located approximately 250

km north-west of Namibia's capital city Windhoek and 140 km east of Namibia's main industrial port

Walvis Bay. The project is situated next to the national B1 highway in the Erongo Region of Namibia. The

Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within Exclusive

Prospecting Licence ("EPL") number EPL 6762; which covers Eureka Farm 99 and Sukses Farm 90.

Namibia is recognized as one of Africa's most politically stable jurisdictions, with an extremely well-

established national infrastructure and a clear and transparent mining law. The Corporation continues to

assess new project opportunities and expand its Southern African portfolio.

Further details are available on the Corporation's website at www.etech-resources.com or

contact Elbert Loois, CEO of E-Tech Resources Inc., at +1 (902) 334 1949.

Cautionary Statements

This press release may contain forward-looking information, such as statements regarding the

completion of the work in Namibia by E-Tech and future plans and objectives of E-Tech. This

information is based on current expectations and assumptions (including assumptions in connection

with the continuance of the applicable company as a going concern and general economic and

market conditions) that are subject to significant risks and uncertainties that are difficult to predict,

including risks relating to the ability to satisfy the conditions to completion of exploration programmes

and work in Namibia. Actual results may differ materially from results suggested in any forward-

looking information. E-Tech assumes no obligation to update forward-looking information in this

release, or to update the reasons why actual results could differ from those reflected in the forward-

looking information unless and until required by applicable securities laws. Additional information

identifying risks and uncertainties is contained in filings made by E-Tech with Canadian securities

regulators, copies of which are available at

www.sedar.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

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

https://www.newsfilecorp.com/release/105961

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