Spitfyre Capital Inc. announce the addition of three key properties to its portfolio of rare earth element properties in Quebec. The addition of these new properties, along with the Company's Mount Discovery property, firmly establishes NeoTerrex as a top-tier rare earths explorer. This strategic expansion significantly enhances the Company's discovery potential, providing shareholders with an excellent opportunity for success.

Each of the three new property packages exhibits promising geological characteristics, further strengthening the Company's portfolio of high-potential sites. The Galactic property, spanning 6,160 hectares, is located 50 km northwest of the major mining port of Sept-Îles, Quebec and within 35 km of highway access and electricity. Acquired for its potential heavy rare earth mineralization within a peralkaline granitic complex, a common environment for significant heavy rare earth deposits, this property was initially explored by the Quebec Government (SOQUEM) in the 1970s.

Their work uncovered numerous occurrences of niobium, lanthanum, zirconium, and yttrium, although rare earth elements were not assayed at the time. NeoTerrex's geologists have digitized and analyzed the available data, identifying several promising locations for further exploration. A field crew has already been dispatched to begin work on the property.

NeoTerrex has also acquired by map staking the Strange Lake West property, which encompasses 3,922 hectares in northeast Quebec. This property is adjacent to Torngat Metals' Strange Lake B-Zone deposit, which boasts an indicated resource of 278million tonnes at 0.93% total rare earth oxides (TREO) and inferred resources of 214 million tonnes at 0.85% TREO (Micon International, 2017). NeoTerrex's Strange Lake West property contains rare earth occurrences that warrant further exploration as the nearby deposit advances towards production.

Additionally, the Company acquired by map staking the Kimbers property, covering 1,248 hectares in Northwest Quebec approximately 55 km from the coastal village of Kangiqsujuaq. The property includes a 5 km-long carbonate unit highly anomalous in light rare earth elements along its entire length and has never been drill-tested.