News Release

Vancouver – The B.C. Securities Commission (BCSC) has ordered a halt in trading of Neotech Metals Corp., a Vancouver-based company traded on the Canadian Securities Exchange (CSE).

The Executive Director considered that there were unexplained and unusual fluctuations in trading volume and market price. Neotech’s 30-day average trading volume on the CSE increased from 915,295 before December 15, 2023 to 3.1 million between December 15 and December 20. Its 30-day average closing price on the CSE increased from $1.06 per share before December 15 to $2.575 per share between December 15 and December 20.

Trading in Neotech triggered the single-stock circuit breaker three times on December 20. That same day, Neotech issued a news release stating that it “is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.”

The Executive Director became aware of statements on Neotech’s website – and on the website of an investor relations firm retained by Neotech – about the company’s Treo property in northern British Columbia that contain potentially misleading comparisons to an adjacent mining property that is a more advanced project. Neotech has conducted limited work on its Treo property.

The Executive Director considered that these circumstances, or circumstances that are about to occur, could result in other than an orderly trading of Neotech’s securities.

The halt trade order will remain in effect until the end of January 8, 2024.

Neotech’s securities are also listed on the Frankfurt Stock Exchange and are quoted for trading on the Over-the-Counter Quotation Bureau in the U.S.

About the B.C. Securities Commission (www.bcsc.bc.ca)

The B.C. Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

• A securities market that is fair and warrants public confidence
• A dynamic and competitive securities industry that provides investment opportunities and access to capital.

Media Contact:
Brian Kladko
604-899-6713

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

Learn how to protect yourself and become a more informed investor at www.investright.org