Mr. Clayton Fisher reports

IDEX METALS COMMENCES 2026 EXPLORATION SEASON AT FREEZE PROPERTY WITH IP SURVEY OVER KISMET CORRIDOR

Idex Metals Corp. has commenced an induced polarization (IP) geophysical survey over the Kismet, North Breccia and Frostfall targets at its Freeze property, formally kicking off the company's 2026 exploration season. The survey is designed to define near-surface structures and alteration zones, providing high-resolution targeting data ahead of a planned drill program slated to begin in May, 2026.

Clayton Fisher, chief executive officer of Idex Metals, commented: "The IP survey marks the opening of what we expect will be an exciting and very active 2026 exploration season. The Kismet corridor has demonstrated compelling geological and geochemical characteristics that warrant a full-fledged geophysical investigation. By completing this survey first, we will be able to further derisk these targets and fine-tune our 2026 drill campaign with increased confidence. We anticipate mobilization of this season's drill rig to occur following completion of the IP survey and receipt of the initial data."

2026 IP program

The company has engaged TMC Geophysics Ltd. to conduct a 37-line-kilometre IP geophysical survey over the property, with primary coverage focused around the Kismet corridor target area. The program comprises multiple survey lines in a northwest-southeast orientation, to best resolve the geometry, continuity and depth of mineralization between the Kismet, North Breccia and Frostfall targets. The IP program will provide complete and systematic coverage of the Kismet corridor's full strike length, while also capturing flanking ground to ensure that no significant anomalies are missed along the margins of the magmatic-hydrothermal system.

The expanded 2026 IP survey builds directly on geophysical and geochemical work completed during the 2025 exploration season. Previous IP and magnetotelluric (MT) data acquired across Freeze in 2025 identified a large, conductive body directly beneath the North Breccia. This conductive body sits directly below the molybdenum and tellurium core defined by the 2025 soil geochemistry survey; the two data sets together represent a strong vector toward the mineralized source (see the March 25 news release).

The 2026 IP survey will provide the additional resolution and spatial coverage required to finalize drill collar locations and maximize the effectiveness of the 2026 drill program.

Results from the IP survey will be processed, inverted and integrated with existing surface geological mapping, soil geochemistry and 2025 drill results to generate a refined geological model of the Kismet corridor. These data will directly inform the 2026 exploration program, allowing Idex to target mineralization at the North Breccia and Kismet targets with increased precision when drilling commences.

Following completion of the IP survey, Idex's 2026 exploration program at Freeze will advance on two concurrent fronts beginning in May: a phase II drill program targeting the North Breccia porphyry target, and a comprehensive surface exploration campaign encompassing soil sampling, rock sampling and geological mapping across the broader Freeze property.

2026 drill program

The 2026 drill program will be initiated immediately following completion and interpretation of the 37-line-kilometre IP survey, with drilling expected to commence in May, 2026. Drilling will target the buried intrusive centre interpreted beneath the North Breccia and Kismet targets, where soil geochemistry, geophysics and 2025 drilling (notably, hole KSMT25006) have collectively outlined the highest-priority target on the property. The program is designed to test the pyrite-rich sulphide shell intersected in 2025 and expand into the interpreted core of a copper-molybdenum porphyry system associated with the molybdenum-tellurium geochemical anomaly, in addition to measuring grade continuity and depth of mineralization beneath the North Breccia.

2026 surface exploration campaign

Idex will also conduct a focused surface exploration campaign across the Freeze property, concurrent with drilling, beginning in May, 2026. The program will encompass expanded soil geochemistry, targeted rock sampling and geological mapping across priority target areas, including Frostfall, Devils Slide, Shiver, Shine, Coldsnap and Olive Creek. This work will further develop the company's understanding of priority exploration targets and improve the general geological model of the Freeze property and the broader Idaho copper belt.

Qualified person

The scientific and technical information in this news release has been reviewed and approved for disclosure by David Hladky, PGeo (registered in Alberta), vice-president of exploration of Idex Metals. David Hladky is a qualified person for Idex Metals within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Idex Metals Corp.

Idex Metals is a mineral exploration company focused on advancing a portfolio of base and precious metal projects in Idaho. Idex is primarily focused on the exploration and development of the Freeze copper-gold porphyry prospect, located in the newly discovered Idaho copper belt, Washington county, Idaho. With a strategic land position in a great mining jurisdiction and surrounded by major industry players, Idex is committed to redefining district-scale exploration in Idaho.

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