Mr. Pablo Cortegoso reports

LUNEX METALS ANNOUNCES COMMENCEMENT OF LISTING ON TSX VENTURE EXCHANGE

Lunex Metals Corp.'s common shares will commence trading on the TSX Venture Exchange under the symbol LUNX (Cusip 55041X102/ISIN CA55041X1024) at the market open on Oct. 19, 2026.

"The trading debut on the TSX Venture Exchange represents a significant milestone for Lunex Metals as we transition into a publicly traded mineral exploration company," commented Pablo Cortegoso, chief executive officer of Lunex Metals. "Our focus is now firmly on advancing the Luna Roja project, located in Santa Cruz, Argentina's highly prospective Deseado Massif, a region with a well-established history of significant gold and silver discoveries. With the support of our shareholders and a strengthened capital position, we look forward to executing a disciplined exploration strategy aimed at unlocking the geological potential of Luna Roja and creating long-term value for our shareholders."

About the Luna Roja project

The company's flagship Luna Roja project comprises approximately 10,000 hectares across three exploration licences in Santa Cruz province, Argentina, within the prolific Deseado Massif, a geological province recognized for hosting significant low-sulphidation epithermal gold-silver deposits. The project is centred on the northwest-trending Via Lactea structural corridor, an approximately 2.8-kilometre-long mineralized trend hosting multiple gold-silver exploration targets, including Cruz del Sur, Orion and Estrella del Norte.

During the first half of 2026, Lunex completed an inaugural diamond drilling program comprising 16 drill holes totalling 2,518 metres. The program identified gold-silver mineralization at two separate centers along the Via Lactea corridor, including Cruz del Sur in the south and Estrella del Norte approximately two kilometres to the north.

At Cruz del Sur, drilling intersected broad zones of hydrothermal alteration and gold-silver mineralization, including:

• 23.1 metres grading 0.36 g/t gold and 62 g/t silver, including 2.0 metres grading 1.15 g/t gold and 465 g/t silver in drill hole LR_DDH14;
• 19.0 metres grading 0.70 g/t gold and 9 g/t silver, including 4.0 metres grading 1.79 g/t gold and 33 g/t silver in drill hole LR_DDH15;
• 10.0 metres grading 0.63 g/t gold, including 2.0 metres grading 2.04 g/t gold in drill hole LR_DDH17.

Subsequent drilling at Estrella del Norte identified a second mineralized center within the Via Lactea corridor, including 8.0 metres grading 0.23 g/t gold and 44 g/t silver in drill hole LR_DDH26 and 6.0 metres grading 0.39 g/t gold and 16 g/t silver in drill hole LR_DDH27.

The results support the company's interpretation of an extensive, structurally controlled epithermal gold-silver system, with mineralization at Cruz del Sur remaining open to further exploration toward the north and at depth.

In addition to drilling, Lunex has completed approximately 330 line kilometres of ground magnetic surveying and undertaken geological mapping and surface geochemical sampling, resulting in the identification and refinement of multiple additional exploration targets across the project.

The company's future exploration strategy is expected to focus on expanding the known zones of mineralization, investigating the depth potential of the Via Lactea system and systematically evaluating additional targets identified through its geophysical and geochemical programs. Reported drill intercepts represent downhole lengths. True widths have not yet been estimated.

The scientific and technical information in this release has been reviewed and approved by Fernando Ganem, PGeo, vice-president, exploration, of Lunex Metals, a qualified person as defined under National Instrument 43-101.

About Lunex Metals Corp.

Lunex Metals is a Canadian mineral exploration company focused on the discovery and advancement of high-potential gold and silver assets in Argentina. The company's flagship Luna Roja project encompasses approximately 10,000 hectares in the prolific Deseado Massif of Santa Cruz province, Argentina, a globally recognized precious metals district hosting numerous significant epithermal gold-silver deposits and producing mines.

Supported by an experienced management and technical team with extensive experience in Argentina's mining sector, Lunex is committed to systematically advancing Luna Roja through disciplined exploration, technical excellence and strategic capital allocation, with the objective of making significant precious metals discoveries and creating long-term value for shareholders.

We seek Safe Harbor.