Mr. Raymond Jannas reports

ATEX ANNOUNCES EARLY EXERCISE OF WARRANTS FOR GROSS PROCEEDS OF $3.5 MILLION

Atex Resources Inc. has received approximately $3.55-million in total proceeds from the exercise of common share purchase warrants between Feb. 26, 2024, and March 8, 2024. During this period, an aggregate of 16,134,929 warrants were exercised. Subsequent to the warrants being exercised, the company has a total of 195,924,205 common shares outstanding.

"We are very grateful for the continual support of our long-term shareholders, including Pierre Lassonde and Trinity Capital Partners," stated Raymond Jannas, chief executive officer of Atex Resources. "With the early exercise of these warrants bolstering our balance sheet as we continue drilling our already exciting phase IV program, we are fully financed through to commencing phase V."

The proceeds from the warrant exercise will be used to finance continued exploration at the company's Valeriano project, where Atex is currently executing its phase IV program targeting 15,000 metres of diamond drilling.

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 (CuEq) (0.50 per cent (Cu), 0.20 gram per tonne (g/t) gold (Au), 0.96 g/t silver (Ag) and 63.80 g/t molybdenum (Mo)), which includes a higher-grade core totalling 200 million tonnes at 0.84 per cent CuEq (0.62 per cent Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), reported in September, 2023 (1).

(1) Please see National Instrument 43-101 technical report, titled, "Independent Technical Report for the Valeriano Copper-Gold Project, Atacama Region, Chile," by Joled Nur, CCCRRM-Chile, and David Hopper, CGeol, with an effective date of Sept. 1, 2023, available on SEDAR+ and the company's website, for additional details on the 2023 mineral resource estimate for the Valeriano project.

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