Mr. Arthur Troup reports

APEX RESOURCES REPORTS ASSAYS TO 63.7 G/T AU FROM PHASE 1 DRILLING ON ITS DAYLIGHT JV GOLD PROJECT, BC.

Apex Resources Inc.'s joint venture partner, Prize Mining Corp., has released final assay results from its initial drilling program on the Daylight property located in southeastern British Colombia.

Encouraging assay results have been obtained from an 18-hole drill program which tested a number of targets identified from a combination of soil geochemical anomalies, elevated surface-rock sample results, geophysical indicators, historical drilling records and surface workings.

Drilling highlights from the 2017 program include:

• Hole DL17005 which intersected 63.7 grams per tonne gold over 0.9 metre at 46.4-metre depth on the Great Western zone. Above this interval, results returned 32.6 metres of 1.16 g/t gold hosted in strongly altered granodioritic rock of the Jurassic Silver King formation. This intercept includes 0.5 metre of 20.9 g/t gold, 0.79 metre of 11.6 g/t gold and 0.6 metre of 10.3 g/t gold associated with vuggy quartz-carbonate veins containing semi-massive pyrite and blebby chalcopyrite.
• Hole DL17007 which intersected 1.09 g/t gold over 71.22 metres at 74.28 metres depth in strongly altered JSK. This interval includes 0.5 metre of 7.36 g/t gold and 4.91 metres of 4.39 g/t gold with a 0.48-metre spike of 21.2 g/t gold associated with quartz-carbonate veining/swarms containing pyrite and chalcopyrite. Also in DL17007, is a deeper 19-metre intercept of one g/t gold intersected at 168-metre depth.
• Hole DL17016 which intersected 5.77 g/t gold over one metre at 136-metre depth on the Daylight zone. The intersection occurs within a five-metre intercept of 2.76 g/t gold from a set of quartz-carbonate veins hosted in intermediate to mafic volcanic rocks.

Feisal Somji, Prize's chief executive officer, commented: "These encouraging results confirm the presence of significant widths of mineralization along both the Great Western/Eastern and Victoria/Starlight/Daylight zones on the Daylight property. We are particularly excited by the high-grade shoots located within the broad zones of gold mineralization. We are eager to start a follow-up drilling program based on the results of the drill program."

Daylight drilling results

The following table sets out all significant assay results of the drill program.

Hole ID    From (m)  To (m) Width* (m) Au (g/t) Ag (g/t)           Zone

DL17001      44.00   44.52       0.52     2.71     4.09        Victoria
and          52.07   52.38       0.31     0.75   145.53        Victoria
DL17002      64.55   65.12       0.57     1.04     7.39        Victoria
and          75.43   93.00      17.57     0.58                 Victoria
including    92.10   93.00       0.90     2.60     3.91        Victoria
DL17003      17.50   18.00       0.50     7.31    11.48       Starlight
and          50.37   50.84       0.47     4.75     4.46       Starlight
and          53.41   53.87       0.46     0.92     0.54       Starlight
and          79.00   80.00       1.00     1.04     2.35       Starlight
DL17004      99.55  100.12       0.57     1.88     1.54       Starlight
DL17005       7.40   40.00      32.60     1.16            Great Western
including     9.30    9.80       0.50     20.9    32.53   Great Western
including    18.21   19.00       0.79     11.6    28.56   Great Western
including    30.00   30.60       0.60     10.3     8.87   Great Western
and          46.40   47.30       0.90     63.7    24.43   Great Western
and          64.07   66.00       1.93     1.72     2.11   Great Western
DL17006     113.00  115.00       2.00     2.56     3.81   Great Western
DL17007      17.00   19.00       2.00     1.12     0.99   Great Western
and          64.48   64.96       0.48     1.54     0.73   Great Western
and          74.28  145.50      71.22     1.09            Great Western
including    80.50   81.00       0.50     7.36    18.83   Great Western
including   128.32  128.80       0.48     21.2    45.05   Great Western
and         168.00  187.00      19.00     1.00            Great Western
including   176.34  176.84       0.50      9.0     7.08   Great Western
DL17011      59.09   60.35       1.26     3.21     4.67   Great Eastern
and          90.00   91.06       1.06     5.76    10.84   Great Eastern
and         125.00  126.06       1.06     1.37     2.49   Great Eastern
and         138.00  139.20       1.20     1.28     2.78   Great Eastern
and         142.00  143.00       1.00     1.06     1.91   Great Eastern
DL17016      95.21   96.50       1.29     1.15     0.42        Daylight
and         136.00  141.00       5.00     2.76                 Daylight
including   136.00  137.00       1.00     5.77     2.73        Daylight



* Widths indicated in the above table are drill core intercepts.
Drill hole alignment was designed to intersect mineralization at
near-perpendicular orientations; however the core intervals listed
in the table do not represent true widths.
  

Diamond drilling and sampling procedures

The company engaged TerraLogic Exploration Inc. of Cranbrook, B.C., as contractor to carry out the drill program recently completed on each of the Daylight and Toughnut properties.

All samples were assayed by Bureau Veritas, in Vancouver, B.C. Analytical packages utilized a strong acid ICP analysis (MA250) and gold fire-assay analysis on a large 50-gram split (FA450). Gravimetric analysis (FA550) were carried out on any over detection gold assays greater than 10 g/t.

Quality control

The company follows a rigorous quality assurance/quality control program over the chain-of-custody of samples and the insertion of standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis. TerraLogic personnel maintained a rigorous and independent QA/QC program throughout the duration of the core sampling program. Standards were inserted every 20 samples and duplicate samples of suspected high-grade intervals were always followed by blanks to ensure smearing effect was not an issue.

Bureau Veritas is wholly independent of Prize Mining and TerraLogic and is accredited under CAN-P-4E (ISO/IEC 17025): General Requirements for the Competence of Testing and Calibration Laboratories ISO/IEC 17025-2005.

Jarrod Brown, PGeo, of TerraLogic, a qualified person under National Instrument 43-101, is the company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the company's properties. Mr. Brown has approved and verified the scientific and technical information in this news release based through his experience with the Daylight property in general.

About Apex Resources Inc.

Prize Mining has an option to acquire an 80-per-cent interest in Apex's Kena and Daylight properties. To exercise its option and earn its 80-per-cent interest in the project, Prize will make annual cash and share option payments over 36 months totalling $1.25-million and issue 1.5 million shares and complete $3-million in Kena project related exploration expenditures over four years.

We seek Safe Harbor.