Ms. Linda Lam reports

ADEX MINING ANNOUNCES RESIGNATION OF INDEPENDENT DIRECTOR AND TERMINATION OF ADVISORY SERVICES AGREEMENT

Norman Betts has resigned from his position as an independent director on Adex Mining Inc.'s board of directors and as chair of the audit committee.

Mr. Betts joined the company in August, 2007, and has been a highly valued and dedicated member of the board for many years. His experience, insight and steady leadership have contributed meaningfully to the company's development and governance.

"Our board and management team extend our sincere appreciation to Norm for his significant contributions as a director and for the commitment he has shown throughout his tenure," said Linda Lam Kwan, president and chief executive officer of the company.

The board has begun a search and interview for a new independent director and will notify the market when a replacement has been selected.

The company also announces that the advisory services agreement with Moneta Securities (Alberta) Corp., originally disclosed on May 15, 2025, has been terminated. No termination fee was incurred. Moneta is a boutique investment banking firm based in Vancouver, B.C. The company will continue to pursue strategic alternatives and remains committed to maximizing value for shareholders.

About Adex Mining Inc.

Adex Mining is a Canadian junior mining company with an experienced management team. The company has maintained stewardship over the Mount Pleasant mine property while evaluating strategic alternatives and ensuring regulatory compliance. The Mount Pleasant mine property is a multimetal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol ADE.

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