Mr. Greg Ferron reports

PTX METALS INC. ANNOUNCES THIRD CLOSING OF PRIVATE PLACEMENT

PTX Metals Inc. has closed the third tranche of its previously disclosed non-brokered private placement of flow-through, hard-dollar and charity flow-through units (see news releases dated Sept. 8, 2025, Sept. 16, 2025, Sept. 28, 2025, Sept. 30, 2025, and Oct. 2, 2025). Under the third closing, the company issued a total of 9,666,667 charity flow-through (CFT) units at a price of 15 cents per CFT unit for aggregate gross proceeds of $1,450,001.55 and a total of 2,073,333 hard-dollar (HD) units for aggregate gross proceeds of $207,333.30. In addition, the company issued 592,222 flow-through (FT) units at a price of 13.5 cents per FT unit for aggregate gross proceeds of $79,949.97, resulting in combined total third tranche proceeds of $1,737,284.82. When combined with the $4,498,930 raised in the first closings, the company has raised a total of $6,236,214.82 to date.

In addition, the company paid a total of $48,193.97 in finders' fees and issued a total of 701,022 finders' warrants to eligible finders. Each finder's warrant will entitle the holder thereof to purchase one common share at a price of 14 cents (subject to adjustment) for a period of two years following the issuance of the finders' warrants. The finders' warrants will be subject to a statutory hold period in Canada of four months and one day after the issuance of the finders warrants.

The HD units and CFT units were issued pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106, Prospectus Exemptions, and as modified by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Pursuant to the LIFE, the securities underlying the HD and CFT units are not subject to a hold period under Canadian securities laws. The FT units were sold to investors pursuant to exemptions from the prospectus requirements other than the LIFE and are subject to a hold period of four months and one day following issuance.

Each unit and FT unit consists of one common share and one-half of one share purchase warrant. Each warrant is exercisable to acquire one additional warrant share at a price of 16 cents per warrant share for a period of 36 months from the date of issuance. The warrants issued pursuant to the LIFE are subject to a restriction on exercise expiring 61 days following the date of issuance.

The company intends to use the proceeds from the issuance of the HD units for general corporate expenses and working capital purposes.

The gross proceeds from the issuance of the CFT units will be used to incur eligible Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada)that qualify as flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act related to the company's projects in Ontario. The qualifying expenditures will be incurred on or before Dec. 31, 2026, and will be renounced by the company to the initial purchasers of the CFT units with an effective date no later than Dec. 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issue of the CFT units.

The company has filed on its SEDAR+ profile an amended and restated offering document addressing the offering under the LIFE in accordance with the requirements of Form 45-106F19. The amended and restated offering document can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the amended and restated offering document before making an investment decision.

About PTX Metals Inc.

PTX is a mineral exploration company focused on high-quality strategic metals assets in Northern Ontario, allowing exposure for shareholders to copper, gold, nickel and PGEs discovery. The province of Ontario is renowned as a first-class mining jurisdiction for its abundance of mineral resources and safe jurisdiction.

The company's corporate objective is to advance its assets and unveil the potential of two flagship projects, the W2 Cu-Ni-PGE project, located in the strategic Ring of Fire region, and the Shining Tree gold project, neighbour to multimillion-ounce gold deposits in the Timmins gold camp.

PTX's portfolio of assets was strategically acquired for their geologically favourable attributes and proximity to established mining companies.

PTX is based in Toronto, Canada. The company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.

We seek Safe Harbor.