Mr. Clayton Fisher reports

IDEX METALS ANNOUNCES FILING OF FINAL BASE SHELF PROSPECTUS

Idex Metals Corp., further to its news release dated June 1, 2026, has filed a final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada. The final shelf prospectus will allow the company to offer up to $50-million of common shares, warrants, subscription receipts, debt securities or any combination thereof, from time to time over a 25-month period that the final shelf prospectus remains effective.

The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. A copy of the final shelf prospectus and any prospectus supplements that may be filed in the future can be found under the company's SEDAR+ profile.

As previously announced, the company completed a brokered private placement of 20,125,000 special warrants of the company at a price of 40 cents per special warrant for aggregate gross proceeds of $8.05-million on May 5, 2026. Each special warrant is exercisable, for no additional consideration at the option of the holder, into one unit of the company, with each unit comprising one common share in the capital of the company and one-half of one common share purchase warrant. The company intends to file a prospectus supplement to the final shelf prospectus qualifying the distribution of the common shares and warrants to be issued upon exercise of the special warrants as soon as possible.

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 district, Washington county, Idaho. With a strategic land position in a top-tier mining jurisdiction and surrounded by major industry players, Idex is committed to redefining district-scale exploration in Idaho.

We seek Safe Harbor.