Aclara Resources Inc. provided the drilling results from its Phase 1 reverse circulation ("RC") drilling campaign executed between November 2023 and April 2024 on its regolith-hosted ion adsorption clay project, known as the "Carina Module", located in the State of Goiás, Brazil. The Phase 1 RC drilling campaign, which was comprised of 1,998 meters of drilling within 80 drill holes, has confirmed that the mineralization extends through the full depth of the regolith to the bedrock and provides a greater level of certainty regarding the geological interpretation of the deposit and the existence of rare earth elements throughout the full cross-section of the regolith. Depth Mineralization Confirmed: Results from the Phase 1 RC drilling campaign confirm that the mineralisation extends through the full depth of the regolith to the bedrock.

The average high-grade mineralization thickness has increased from 6.1 meters reported in the previous auger drilling campaign to 11.1 meters. Consistent Grades and Rare Earths Distribution: The results reflect that the Total Rare Earth Oxide ("TREO") 1 and the Desorbible Rare Earth Oxide ("DREO") 2 grades as well as the Rare Earths Distribution in the product basket, are consistent with those reported in the previous auger drilling campaign. The results provide a greater understanding of the mineralised horizons through the full depth of the regolith to the bedrock and will support execution of the Phase 2 drilling campaign, which will seek to convert the known inferred mineral resources to a measured and indicated resource category.

Metallurgical Compatibility: The Carina Module clays have been shown to be amenable to rare earths extraction using the same metallurgical process (the "Circular Mineral Harvesting" process) developed for the Chile-based Penco Module, which utilizes ammonium sulfate as the primary leaching solution. A 25-tonne bulk sample of Carina clays was processed in the Aclara Pilot Plant in Concepción, Chile in First Quarter 2024, where leaching results were consistent with the drill core assays. These results supplement the results obtained from the auger drilling campaign undertaken between February 2023 and September 2023, which comprised 1,630 meters within 201drill holes.

The results of the auger drilling campaign also formed the basis of the maiden mineral resource estimate announced in Aclara's on December 12, 2024, and which supported the preparation of the Carina Module Preliminary Economic Assessment ("PEA") dated January 12, 2024. The 80 RC drill holes were sampled at intervals of one (1) meter for a total of 1,998 samples. For Total Rare Earth Elements ("TREE") analysis, 1420 samples were sent to ALS laboratory in Lima, Peru and the remaining 578 samples were sent to SGS Geosol laboratory in Vespasiano, Brazil.

For the Desorbable Rare Earth Elements ("DREE") analysis, 821 samples were sent to the AGS laboratory in La Serena, Chile and 1,177 samples were sent to SGS Geosol laboratory in Vespasiano, Brazil.