Mr. Jay Roberge reports

APEX UPDATE REPORT ON TRADING HALT

Apex Resources Inc. has provided an update with respect to the previously announced proposed acquisition of all the shares of an arm's-length corporation holding a 100-per-cent option over the consolidated mineral rights of the Lithium Creek property in Nevada, United States.

In accordance with TSX Venture Exchange Policy 5.3 (Acquisitions and Dispositions of Non-Cash Assets), the trading of the common shares of the company on the TSX Venture Exchange was halted on Jan. 9, 2024, pending TSX Venture Exchange review, as the acquisition is a fundamental acquisition for the company, as defined in Policy 5.3. The trading halt will be lifted by the TSX Venture Exchange once certain conditions have been met under Section 5.6 of Policy 5.3, including the review by the TSX Venture Exchange of the technical report prepared in compliance with National Instrument 43-101 (Standards of Mineral Disclosure) with respect to the property.

The company also announces that it will continue with its planned non-brokered private placement as announced in its news release dated Jan. 9, 2024. The acquisition and financing are subject to approval by the TSX Venture Exchange. All shares issued with respect to the acquisition and the financing will be subject to a four-month hold period from the closing date.

About Apex Resources Inc.

Apex is a mineral exploration company engaged in the business of the acquisition, exploration and development of mineral resource properties.

We seek Safe Harbor.