CoTec Holdings Corp. provided an update on its operational opportunities at Lac Jeannine PEA. The Company has completed sampling at the Lac Jeannine property and metallurgy testing and process flow development with its technical consultant and Corem.

Corem has produced circa 30 kg of high-grade Fe concentrate to date. CoTec has awarded contracts for the National Instrument 43-101 (NI43-101) PEA for the Lac Jeannine Project to an interdisciplinary team of consultants, engineers and scientists co-led by Addison Mining Services Ltd. and Soutex Inc. The PEA is anticipated to be completed and published by first half 2024. The PEA will incorporate the Company's 2023 drill-program and metallurgy testing results at Corem, providing a maiden Mineral Resource Estimate for the Lac Jeannine Project.

The Study's techno-economic analysis will present a scenario with concentrate from Lac Jeannine providing feedstock for a low carbon pelletizing technology.