Alex Metals Corp.'s non-offering prospectus dated Sept. 14, 2026, has been filed with and accepted by the TSX Venture Exchange and filed with and receipted by the British Columbia Securities Commission on Sept. 16, 2026.

The prospectus has been filed under Multilateral Instrument 11-102, Passport System, in Alberta, Saskatchewan, Manitoba and New Brunswick. A receipt for the prospectus is deemed to be issued by the regulator in each of these jurisdictions, if the conditions of the instrument have been satisfied. This receipt also evidences that the Ontario Securities Commission has issued a receipt for the prospectus.

In connection with the prospectus, the company closed an offering in three tranches, issuing: (i) 8,328,709 special warrants on June 3, 2026, for gross aggregate proceeds of $5,830,096; (ii) 3,163,263 special warrants on June 23, 2026, for gross aggregate proceeds of $2,214,284; and (iii) 147,004 special warrants on July 17, 2026, for gross aggregate proceeds of $102,902.

Each special warrant has now converted into one share of the company.

In addition to the above, the company will complete a private placement of 5,526,999 common shares at a price of 70 cents per common share for gross proceeds of $3,868,899.

The common shares of the company are listed at the market opening on Tuesday, Sept. 22, 2026, and immediately halted on the TSX Venture Exchange.

The company is classified as a junior mining company.

Corporate Jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 44,995,975 common shares are issued and outstanding

Escrowed shares:  12,002,600 common shares subject to National Policy 46-201 escrow

Transfer agent:  Odyssey Trust Company

Trading symbol:  ALX

Cusip No.:  01451H 10 4

For further information, please refer to the company's prospectus dated Sept. 14, 2026, available on SEDAR+.