File: Attachment Adex - Press Release announcing resignation of Norm Final.pdf

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

Toronto, Ontario April 16, 2026 Adex Mining Inc. ("Adex" or the "Company") (TSX-V: ADE) announces today the resignation of Norman Betts from his position as an independent director on the Company's board of directors (the "Board") and as Chair of the Audit Committee. Norman 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 CEO 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, British Columbia. The Company will continue to pursue strategic alternatives and remains committed to maximizing value for shareholders.

ABOUT ADEX Adex Mining Inc. 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 multi-metal 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".

FOR FURTHER INFORMATION, PLEASE CONTACT:

Linda Lam Kwan Chief Executive Officer Adex Mining Inc. 1-647-243-8452. Email: investorrelations@adexmining.com Website: www.adexmining.com

No securities commission or regulatory authority has approved or disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Adex, its subsidiary or the industry in which they operate to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of Adex with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British Columbia, Ontario, New Brunswick and Nova Scotia Securities Commissions which are available at www.sedarplus.ca and to which readers of this press release are referred for additional information concerning Adex, its prospects and the risks and uncertainties relating to Adex and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Adex to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Adex cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking information contained in this press release is current only as of the date of the press release. Adex does not undertake or assume any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.

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