Dr. Shane Ebert reports

CANEX ANNOUNCES RESULTS OF ANNUAL & SPECIAL MEETING AND PROVIDES DRILLING UPDATE

At Canex Metals Inc.'s annual and special meeting, held on May 26, 2023, Dr. Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks and Blair Schultz were re-elected to the board of directors. Shareholders also approved fixing the number of directors at five, the appointment of BDO Canada LLP as auditors and ratified Canex's stock option plan.

Canex recently completed a 24-hole reverse circulation drill program at the Gold Range project in Arizona with the first batch of drill assays from the program highlighting a new drill discovery at the WestGold target with hole GR23-120 returning 35 metres grading 0.7 gram per tonne gold (previously released see May 8, 2023, news release). Assay results for 19 additional holes are pending and will be released as they are received, validated and interpreted.

Dr. Ebert, PGeo, is the qualified person for Canex Metals and has approved the technical disclosure contained in this news release.

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