REE.V · 2021-11-10 12:00:00

E-Tech Resources Inc. Reports High-Grade Diamond Drill Intercepts up to 100 Meters Below Current Resource, Including 6.5% TREO over 4 Meters at Its 100% Owned Eureka Project in Namibia

Drill Results

E-Tech Resources Inc. Reports High-Grade

Diamond Drill Intercepts up to 100 Meters

Below Current Resource, Including 6.5% TREO

over 4 Meters at Its 100% Owned Eureka

Project in Namibia

Halifax, Nova Scotia--(Newsfile Corp. - November 10, 2021) - E-Tech Resources Inc.

(TSXV: REE) ("E-

Tech" or the "Company") is pleased to announce assay results for the first step-out diamond drill holes

completed

at the Eureka REE Project ("Eureka" or the "Project"), located in central Namibia.

Highlights of the seven drill holes which intersected mineralization include:

Drill Hole ED001: 2.1 % TREO over 2.0 meters from 219.0 meters

Drill Hole ED002: 1.6 % TREO over 2.2 meters from 140.7 meters

Drill Hole ED003: 2.6 % TREO over 1.0 meters from 146.0 meters

Drill Hole ED004: 6.5 % TREO over 3.8 meters, including 11.2 % TREO over 2.2 meters, from

129.9 meters

Drill Hole ED006: 1.4 % TREO over 1.5 meters, including 3.5 % TREO over 0.6 meters, from

288.8 meters

Drill Hole ED007: 2.5 % TREO over 1 meter, from 94.2 m

A summary of the assay results received from the seven (7) diamond drill holes completed at Eureka is

provided in Table 1.

Elbert Loois, CEO of E-Tech Resources Inc., commented, "The assay results received to date reveal an

extension of the mineralization outside of the current resource estimate in several monazite bearing

carbonatitic dykes. These results confirm the presence of these dykes to 160 meters vertical depth,

while remaining open at depth and along strike. We plan to continue drilling as soon as possible. I

congratulate the team with hitting the targets of the first 7 holes of this diamond drilling campaign, and we

await assay results from the remaining 13 holes that have been drilled so far."

The drill holes are part of the Phase 1 resource expansion program across Zones 1, 2 and 3 which was

completed in late September 2021 totaling 5,761 meters of diamond drilling (DD) in 20 holes. The

assays reported are from seven of the twenty holes drilled. Figure 1 below indicates assays to date in

colored dots and assays awaited are shown in white dots.

The Company also completed a Reverse Circulation (RC) drilling campaign in February 2021 totally

3306 meters in 23 holes with a total of an additional 1465 samples. The positioning of the Phase 1

diamond drilling together with the additional RC drilling is displayed in Table 2 below.

FIGURE 1: Plan view of drilling at Eureka, Namibia and assays received status to date. The red dots

and purple areas represent the current 2021 Mineral Resource Estimate (MRE). Hollow white dots and

diamonds are assays pending. Blue diamonds are assays received.

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

https://orders.newsfilecorp.com/files/6102/102790_fcc51689d4b38b1e_001full.jpg

A summary of the assay results received from the seven (7) diamond drill holes completed at Eureka is

provided in Table 1.

2021 EXPLORATION DIAMOND DRILLING EARLY ASSAY RETURN

Hole

From

Width (m)

Grade

TREO %

Location

ED001

194.0

195.0

1.0

526312

7562434

Zone 1

ED001

219.0

221.0

2.0

2.1

ED002

140.7

142.8

2.1

1.6

526457

7562605

Zone 1

ED002

230.5

231.6

1.1

0.7

ED002

271.9

273.2

1.3

2.2

ED003

146.0

147.0

1.0

2.6

526413

7562637

Zone 1

ED003

153.6

155.0

1.4

ED003

198.5

199.1

0.6

1.1

ED003

219.0

219.2

0.2

1.5

ED003

237.7

237.9

0.2

3.1

ED004

97.7

99.0

1.3

3.5

526499

7562575

Zone 1

ED004

107.2

111.0

3.8

1.1

Incl.

107.2

108.0

0.8

3.3

ED004

129.3

133.1

3.8

6.5

Incl.

129.9

132.1

2.2

11.2

ED004

180.7

183.7

3.0

1.2

Incl.

181.6

182.8

1.2

2.8

ED004

226.3

226.5

0.2

3.0

ED004

282.1

282.3

0.2

2.8

ED004

293.7

296.1

2.4

1.6

ED005

64.2

66.3

2.1

0.3

526262

7562457

Zone 1

ED006

288.8

290.3

1.5

1.4

526538

7562544

Zone 1

ED007

88.8

91.2

2.4

1.8

526168

7562712

Zone 2

ED007

94.2

95.2

1.0

2.5

ED007

98.3

100.0

1.7

1.0

ED007

163.1

164.6

1.5

1.6

ED007

214.2

214.7

0.5

1.7

1. Sample locations are provided in NAD83 UTM Zone 33S.

TABLE 1: Significant intercepts from the 2021 diamond drilling (DD) campaign. Additional results from

holes ED008 to ED020 are awaited. Sample locations are provided in NAD83, UTM Zone 33S.

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. Further drilling is necessary to establish the true

thickness of the dykes.

FIGURE 2 Coarse-grained monazite in dolomitic carbonatite at 131.5 meters in Hole ED004. Monazite

crystals to 6cm and massive monazite marked as M.

To view an enhanced version of Figure 2, please visit:

https://orders.newsfilecorp.com/files/6102/102790_etechenhanced.jpg

Assay results from ED004 located on Zone 1 has intercepted four monazite-bearing carbonatite dykes

between drill depths 97.7 meters and 183.7 meters, with one dyke returned 4 meters @ 6.5% Total Rare

Earth Oxide (TREO). These intercepts confirm expansion of Zone 1 mineralization down-dip of up to 160

meters outside the extent of the current 2021 Mineral Resource Estimate (MRE) for Eureka, and

mineralization remains open towards the east. Figure 2 above shows visible coarse-grained monazite in

dolomitic carbonatite.

Historical Exploration Highlights

Assay results from the 2017 reverse circulation (RC) drilling campaign are the basis of the current 2021

Mineral Resource Estimate

(

MRE) of 310 kt at 4.8% TREO,

and highlights from that campaign

are

shown in Table 2 below. The current MRE is constrained to a maximum vertical depth of 60m.

2017 CURRENT RESOURCE RC DRILLING AREA 1

Hole

From

Width (m)

Grade

TREO %

Location

EU001

1.7

526387

7562533

Zone 1

EU001

5.3

Incl.

7.0

EU001

1.9

EU002

6.4

526391

7562555

Zone 1

EU002

1.8

EU002

4.8

EU002

2.2

EU003

8.9

526414

7562513

Zone 1

EU003

3.4

Incl.

9.7

EU004

2.5

526448

7562491

Zone 1

EU005

7.0

526351

7562552

Zone 1

Incl.

12.8

EU008

2.7

526167

7562530

Zone 2

EU010

2.6

526144

7562520

Zone 2

EU012

5.2

526190

7562532

Zone 2

TABLE 2: Significant Intercepts from 2017 reverse circulation (RC) drilling campaign

Eureka 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 (Canada) Inc. ("SRK"). An

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

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

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

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. Drill core is sawn in half on site and

half drill-core samples are securely transported to the Activation Laboratories Ltd. sample prep facility in

Windhoek, Namibia. The core 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. Sample ground to 95%-200 mesh to

ensure complete fusion of resistate minerals; lithium metaborate/tetraborate fusion; Analysis by ICP-

OES and ICP-MS; and Mass balance 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. and 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 140km 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 programs 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/102790

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