E-Tech Resources Inc. announced final batch of assay results from the first diamond drilling campaign (C1) completed at the Eureka REE Project (Eureka or the Project), located in central Namibia. Significant intersections include 11.2m @ 1.2% Total Rare Earth Oxide(TREO)(ED013), 2.2m @ 2.4% TREO (ED014), 8.8m @ 1.0% TREO (ED015) and 6.3m @ 1.9%. TREO (ED020).

The results from these five holes, all of which intersected mineralization, have continued to confirm the presence of mineralization in Zones 1 and 3 at depth and with lateral continuity. Previous diamond drilling results were reported in the press releases dated 10 November 2021 and February 10, 2022. The newly received assay results are part of the resource expansion program for Zones 1, 2 and 3, which was completed in late September 2021 totalling 5,761 meters of diamond drilling (DD) in 20 holes.

Indicates the drill collar positions and the assays received to date from the DD and RC holes completed. These assay results include the newly received batch of 363 samples out of a total of 1,289 samples, representing holes ED013, ED014, ED015, ED018 and ED020. The assay results from Holes ED013, ED015 and ED018, ED020 support both depth and lateral continuity of REE mineralisation with intercepts recorded to a vertical depth of 250m, compared to a maximum vertical depth of 60m used to complete the current Mineral Resource Estimate ("MRE") prepared by SRK Consulting (UK) ("SRK") with an effective date of 2 August 2021.

Assay results from Holes ED013, ED014, ED015, ED018 and ED020 further support the geometric interpretation that the carbonatite host rocks are structurally controlled and may be described as a series of stacked bodies. The full set of assay results of this drilling programme (RC and DD) will be incorporated into the resource block model, which will then be used as the basis for an update of the current MRE.