Mr. Charles Ross reports

GOLDEX ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER

Goldex Resources Corp. will not be able to file its annual financial statements, management's discussion and analysis, and the required certifications on or before the prescribed filing deadline of May 1, 2023, as required by National Instrument 51-102 (Continuous Disclosure Obligations) and NI 52-109 (Certification of Disclosure in Issuer's Annual and Interim Filings), respectively. The company has been granted by the B.C. Securities Commission a temporary management cease trade order under National Policy 12-203 (Management Cease Trade Orders), which will prohibit trading in securities of the company by certain insiders of the company, whether direct or indirect. The company has been granted the MCTO as it is unable to file its annual filings within the deadline as required under NI 51-102.

The company has experienced unexpected delays in compiling the information required to prepare the annual filings due to scheduling conflicts and delays in receiving documentation from Guatemalan government agencies due to a lack of agency resources.

The company anticipates that it will be in a position to file the annual filings on or before June 30, 2023. The MCTO will be in effect until the annual filings are filed. The company confirms that it will comply with the alternative information guidelines included in NP 12-203 so long as the annual filings are outstanding.

We seek Safe Harbor.