Mr. Ben Pullinger reports

ATEX PROVIDES CORPORATE UPDATE

Dr. Felipe Machado Pinheiro has been promoted to the positions of country manager and vice-president of sustainability of Atex Resources Inc. from general manager and director of sustainability, effective immediately.

"Since Felipe joined Atex over a year ago, he has made meaningful contributions across the organization, and we look forward to his continued leadership as we advance our strategy," commented Ben Pullinger, president and chief executive officer. "With two decades of experience at the intersection of strategic management, community engagement and environment, Felipe offers a depth of perspective on ESG that is increasingly critical to our business. He has effectively directed Atex's sustainability strategy and provides oversight over our South American team and operations. In this elevated role, Felipe will continue to contribute to the company's long-term growth trajectory."

In addition, the company announces the following management appointments:

• Pablo Morelli, senior director of exploration;
• Fabian Figueroa, director of exploration; and
• Hernan Rodriguez, director of operations.

Atex also announces the grant of 500,000 stock options to certain employees of the company. Each stock option entitles the holder to acquire one Atex common share at an exercise price of $2.60 within a five-year period and will vest one-third on each of the first, second and third anniversaries of the grant date in accordance with the company's stock option plan.

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, located in the Atacama region, Chile. 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 (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick). Valeriano hosts a large, high-grade, copper-gold porphyry mineral resource: an indicated resource of 475 million tonnes at 0.88 per cent copper equivalent (0.58 per cent copper, 0.25 gram per tonne gold, 1.39 g/t silver and 70.4 g/t molybdenum) at a cut-off grade of 0.35 per cent Cu, and an inferred resource of 1,511 Mt at 0.75 per cent CuEq (0.50 per cent Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo) at a cut-off grade of 0.35 per cent Cu, as reported on Sept. 23, 2025.

We seek Safe Harbor.