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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105961