Ms. Linda Brennan reports

PJX RESOURCES UPDATES PRIVATE PLACEMENT

PJX Resources Inc. has amended its previously announced non-brokered private placement (see news release dated Aug. 22, 2014) of from 4.8 million units to up to six million units. The company has closed the first tranche of the private placement through the issuance of 2.84 million units for gross proceeds of $359,750 and will close the final tranche on or before Nov. 5, 2014. The shares issued in the first tranche are subject to a four-month hold period expiring on Jan. 24, 2015. The non-brokered private placement consists of up to six million units through the issuance of flow-through and non-flow-through units at a price of 15 cents per flow-through unit and 12.5 cents per unit. Each flow-through unit will consist of one flow-through share and one non-transferable common share purchase warrant. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant, whether acquired as part of a flow-through unit or unit, will entitle the holder to purchase one common share at an exercise price of 20 cents for 24 months following completion of the offering. The private placement, and any modifications to it, is subject to compliance with applicable securities laws and to receipt of the approval of the TSX Venture Exchange. The company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.

The company intends to use the net proceeds of the offering for expenditures on its properties located in Cranbrook, B.C., and for general working capital. The proceeds from the issuance of the flow-through units shall be used to finance exploration expenditures on the Cranbrook properties and will qualify as Canadian exploration expenses (as defined in the Income Tax Act).

Exploration has identified numerous targets with gold or base metal potential on the company's Cranbrook properties. The company is of the view that the next targets to test, on the Vine property, have potential to host Sedex (sedimentary exhalative) massive sulphide zinc, lead and silver mineralization. There are two large target areas (eastern and western gravity anomalies) on the Vine property. Only three holes have been drilled to a target depth of the footwall quartzite in the eastern target area. Two of these holes, drilled in the 1990s, intersected zinc, lead and silver massive sulphide mineralization. The third is a hole drilled by PJX, which intersected a possible important structure for controlling mineralization. The western gravity target area has never been drilled. The geological environment is considered by consulting geologists to be similar to the Sullivan Sedex deposit that is located 35 kilometres north of the Vine property. The property is crossed by power lines and rail with road access year-round, and is only a 20-minute drive south along Highway 3 from mining-friendly Cranbrook, B.C.

"We have increased the private placement offering in response to a growing interest in the zinc, lead, silver and gold potential of our Cranbrook properties," stated company president and chief executive officer John Keating. "We plan to commence detailed gravity and magnetic geophysical surveys to help refine the targets for drilling on the Vine property."

The foregoing geological disclosure has been reviewed by Mr. Keating, PGeo (a qualified person for the purpose of National Instrument 43-101 (standards of disclosure for mineral projects)). Mr. Keating is the president, chief executive officer and a director of PJX.

We seek Safe Harbor.