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March 2026 – Quarterly Activities Report

SYDNEY, April 27, 2026 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / BRETF) is pleased to announce highlights for the quarter and subsequent period, including: MONTE ALTO EXPANDS WITH NEW ULTRA HIGH-GRADE DISCOVERIES Drilling continues to confirm Monte Alto as a globally significant ultra high-grade rare earth discovery, combining large-scale potential with exceptional grades and valuable critical mineral co-enrichmentDrilling results included ultra high-grades of

Heavy Rare Earths LimitedApril 27, 20265
March 2026 – Quarterly Activities Report

About this update from Heavy Rare Earths Limited

SYDNEY, April 27, 2026 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / BRETF) is pleased to announce highlights for the quarter and subsequent period, including: MONTE ALTO EXPANDS WITH NEW ULTRA HIGH-GRADE DISCOVERIES Figure 1: Monte Alto 3D View EXCEPTIONAL ORE SORTING RESULTS: >95% YIELD AND >100% ENRICHMENT LOW-TEMPERATURE PROCESS: 97% RARE EARTH RECOVERY AT 150°C Note: End-to-end yield is calculated as the product of extraction rates achieved in the 15 kg blended composite metallurgical test, an ore-sorting recovery of >95%, and recoveries from additional downstream metallurgical steps previously evaluated by ANSTO to produce a Mixed Rare Earth Carbonate. Recovered grade is calculated as the product of head grade and end-to-end yield. These figures are indicative estimates only, derived by multiplying results from separate, independent test programs conducted on different samples and at different scales, and do not represent results from an integrated flowsheet test. BRE SECURES TRIAL MINING LICENCE SULISTA RARE EARTHS DISTRICT GROWS TO 17 KM STRIKE A link to the full release can be found  here . Contacts Bernardo Da Veiga, Managing Director and CEO [email protected] www.brazilianrareearths.com ____________________________________________________________________________ 1 NdPr = Nd 2 O 3 + Pr 6 O 11 2 DyTb = Dy 2 O 3 + Tb 4 O 7 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f2389d5-6f2e-4891-9fab-c8165bf28bed

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MONTE ALTOTREOdiamond drillingORE SORTING

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