Mr. Ben Pullinger reports

ATEX PROVIDES NOTICE OF WARRANT ACCELERATION

Atex Resources Inc. has accelerated the expiry date of the common share purchase warrants issued by the company on Nov. 1, 2024, as part of its previously announced strategic investment and credit facility settlement.

For background, on Nov. 1, 2024, the company issued 21,057,477 warrants entitling the holders thereof to purchase fully paid and non-assessable common shares of the company at an exercise price of $2.50 per common share until Nov. 1, 2029, subject to the accelerated expiry date (as defined herein).

Pursuant to the terms of the warrants, the company is entitled, any time on or after Jan. 1, 2026, to accelerate the expiry date to a date that is no fewer than 30 calendar days following the date on which an acceleration notice is delivered to a warrantholder, which acceleration notice may be deliverable at the company's sole discretion if the common shares trade at a volume-weighted average price of at least $3 per common share on the TSX Venture Exchange for a period of at least 20 consecutive trading days.

Accordingly, as the VWAP during the 20-consecutive-trading-day trading period covered by the acceleration notice was greater than $3 per common share, the corporation delivered an acceleration notice to each warrantholder, which provides that each such warrantholder will have until Feb. 20, 2026, to exercise their warrants, following which any remaining unexercised warrants will be cancelled for no additional consideration.

If all 21,057,477 warrants are exercised for 21,057,477 common shares, the company will receive gross proceeds of approximately $52.6-million upon payment of the exercise therefor.

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.