Mr. Chris Beer reports

ATEX PROVIDES UPDATE ON RESUMPTION OF OPERATIONS AT VALERIANO

Atex Resources Inc. has provided an update, further to the news release dated April 15, 2026, regarding a contractor fatality connected to the Valeriano copper-gold project in the Atacama region of Chile.

The company confirms that, following a review by the appropriate Chilean authorities, the temporary suspension of activities at the project were lifted on April 16, 2026. Atex has since completed its operational readiness review and will commence a phased return to work beginning on Monday, April 20, 2026.

The company took additional time, prior to restarting activities, to allow employees and contractors to support one another and its local community. Atex appreciates the understanding and co-operation of its work force and community partners.

Atex's highest priority remains the health, safety and well-being of its employees, contractors and the communities in which it operates. The company has maintained enhanced support and counselling services for personnel and contractors, and has reinforced critical risk controls across logistics and drilling activities. Field activities will be reintroduced in a measured and co-ordinated manner. The company will provide further updates as appropriate.

As previously disclosed on April 15, 2026, the incident involved a contractor transporting road maintenance materials approximately 32 kilometres from the Valeriano project. Activities at the project were temporarily suspended in accordance with local regulatory requirements while authorities commenced their review. The company again extends its deepest condolences to the family, friends and colleagues of the deceased, and acknowledges the support and efforts of employees, contractors and first responders during this difficult time.

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.

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