E-Tech Resources Inc. Announces CEO Appointment

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech" or the "Company") is pleased to announce the engagement of Gecko Namibia (Pty) Ltd. ("Gecko") and Flightec Namibia ("Flightec") to support ongoing exploration and development activities on its 100% owned Eureka project.

E-Tech has evaluated the results of the current exploration program and is now expanding its activities to include a Phase 1 Ultra-high resolution UAV-borne magnetic survey. This survey is planned to be conducted by Flightec later this year.

E-Tech Resources Inc. (TSXV: REE) (FSE: K2i) ("E-Tech" or the "Company"), a rare earth element exploration and development company which owns 100% of the Eureka Project in Namibia (the "Project"), is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Novamera Inc. ("Novamera") to evaluate the use of surgical mining and Novamera's technologies as the extraction method for the Project. The MOU sets out a series of milestones that include a conceptual surgical mining economic desktop evaluation (commencing immediately), Guidance Tool calibration activities and a bulk sample. The parties are planning to initiate these activities over the next twelve months.

Wade Dawe has filed an early warning report announcing that, on August 11, 2023, he indirectly acquired an additional 4,166,667 common shares of E-Tech Resources Inc. ("E-Tech") in a private placement financing. Prior to acquiring these additional common shares, Mr. Dawe indirectly owned 8,929,942 common shares through Brigus Capital Inc., a company controlled by Mr. Dawe.

Upon purchase of these additional common shares, Mr. Dawe and indirectly holds 13,096,609 common shares of E-Tech, representing approximately 13.84% of the 94,638,197 issued and outstanding common shares of E-Tech.

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech" or the "Company") is pleased to announce closing of its previously announced private placement of 11,666,667 common shares of E-Tech (each, a "Share") at $0.06 per Share for gross proceeds of $700,000 (the "Financing"). The proceeds from the private placement will be used to support the Company's ongoing exploration and operational activities.

Numus Capital Corp., a registered Exempt Market Dealer, acted as agent for the Financing. In connection with the private placement, E-Tech paid the agent cash commissions of $46,900 and 781,667 broker warrants. Each broker warrant entitles the holder to acquire one Share at an exercise price of $0.06 and is exercisable for a period of 24 months from closing.

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech" or the "Company") is pleased to announce that it has increased its previously announced private placement of $500,000 of common shares of E-Tech (each, a "Share") at $0.06 per Share up to $700,000 (the "Financing"). Under the increased Financing terms, E-Tech will now offer subscribers up to 11,666,667 Shares at $0.06 per Share. The proceeds from the private placement will be used to support the Company's ongoing exploration and operational activities.

To facilitate the Financing, E-Tech has entered into an agreement with Numus Capital Corp., a registered Exempt Market Dealer, to act as agent for the Financing. E-Tech has agreed to pay to the agent a cash fee equal to 7% of proceeds raised from investors introduced by the agent, except on subscriptions received from directors, officers, and employees of E-Tech, and to issue compensation warrants entitling the agent to purchase that number of Shares as is equal to seven percent (7%) of the Shares sold to investors introduced by the agent, except on subscriptions received from directors, officers, and employees of E-Tech. Each compensation warrant will be exercisable into a Share of E-Tech at $0.06 per share for a period of 24 months from closing.