Mr. Raymond Jannas reports

ATEX ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

Atex Resources Inc. has granted an aggregate of 775,929 restricted share units (RSUs) to certain officers and employees as a 2023 annual performance award, all in accordance with its restricted share unit plan. The RSUs vest over a two-year period.

About Atex Resources Inc.

Atex is exploring the Valeriano copper-gold project, which is located within the emerging copper-gold porphyry mineral belt linking the prolific El Indio high-sulphidation belt to the south with the Maricunga gold porphyry belt to the north. This emerging belt, informally referred to as the link belt, hosts several copper-gold porphyry deposits at various stages of development, including Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados (NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold).

Valeriano hosts a large copper-gold porphyry resource: 1.41 billion tonnes at 0.67 per cent copper equivalent (0.50 per cent copper, 0.20 gram per tonne gold, 0.96 gram per tonne silver and 63.80 grams per tonne molybdenum), which includes a higher-grade core totalling 200 million tonnes at 0.84 per cent copper equivalent (0.62 per cent copper, 0.29 gram per tonne gold, 1.25 grams per tonne silver and 55.7 grams per tonne molybdenum), reported in September, 2023.

We seek Safe Harbor.