New Earth Resources Corp. has issued 1,250,000 Class A common shares under an option agreement with Northex Capital Partners Inc. to acquire the Red Wine Rare Earth Project in Labrador, Canada. The shares were issued at $0.285 each, totaling $356,250, with a four-month hold period. New Earth Resources Corp. is a mineral exploration company with projects in Arizona, Saskatchewan, Quebec, and Labrador. The company also has the option to acquire the SL Project in Quebec, known for rare earth elements. Forward-looking statements in the news release caution about potential risks and uncertainties. The CSE has not reviewed the contents of the release.

Read more at GlobeNewswire: New Earth Resources Issues Shares under Option Agreement