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Halifax, Nova Scotia – (July 22, 2024) – E-Tech Resources Inc. (“E-Tech” or the “Company”) (TSX.V:REE) (FSE:K2i) is pleased to announce that it plans to raise up to $600,000 through a private placement (the “Financing”) of up to 12,000,000 units of E-Tech (each, a “Unit”) at $0.05 per Unit. Each Unit will consist of one common share of E-Tech (a “Common Share”) and one-half common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to purchase one Common Share of E-Tech at a price of $0.10 per share for a period of 24 months from the closing date of the Financing (the “Closing Date”). The proceeds from the private placement will be utilized 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 and to issue compensation warrants entitling the agent to purchase that number of Common Shares as is equal to seven percent (7%) of the Units sold to investors introduced by the agent. Each compensation warrant will be exercisable into a Common Share of E-Tech at $0.10 per share for a period of 24 months from closing.