Mr. Greg Ferron reports

PTX METALS INC. INITIATES WORK PROGRAM AT ITS SHINING TREE GOLD PROJECT

PTX Metals Inc. has started a predrilling work program at its Shining Tree gold project located in south Timmins, along the Ridout-Tyrrell deformation zone (also known as RTDZ) in Ontario, Canada.

The program objectives are to unveil the nature and the geometry of a larger-scale target related directly or indirectly to the RTDZ, the latter hosting the neighbour projects McFarlane's Juby deposit and Iamgold's Cote gold mine.

PTX has retained the following firms to achieve the strategic program, which will result in a coming drill program commencing shortly:

• SRK Consulting for a detailed structural analysis, focused on understanding the structural and geological controls on gold mineralization to optimize the exploration strategy, including drill planning and exploration for new gold zones and controls on higher-grade shoots;
• Terrascope Inc. for a magnetic survey approximately 8,000 hectares; the survey will be flown at a detailed 35-metre spacing and followed by a 3-D inversion to expose and trace geophysical anomalies from surface and at depth; jointly compiled with SRK observations and PTX's extensive geochemical database, the company is expecting to refine the understandings for a successful drill targeting.

PTX has consolidated key claims of the Shining Tree project including the Ronda target located in the core portion of the property, where surface exploration in the past two years has resulted in discoveries of additional high-grade zones from surface along the main structural breaks. Results from a large-scale stripping and channel sampling in February, 2024, have returned up to 60.30 grams per tonne gold over 0.50 metre within a larger interval of 9.04 g/t gold over 16.15 metres.

Both gold projects, including Shining Tree and Heenan Mallard, sit within the south Timmins greenstone belt, which forms part of the larger Abitibi greenstone belt. While the Shining Tree project extends over to the west of McFarlane's Juby deposit, PTX's second gold discovery, the Heenan-Mallard project, borders the Cote gold mine's claim block directly to the northwest and along trend with the main RTDZ break.

Greg Ferron, chief executive officer and president, stated: "The company's Shining Tree and Heenan-Mallard gold projects jointly cumulate approximately 300 square kilometres in size, and successful exploration programs recently identified respectively new high-grade gold zones and wide near-surface lower-grade discovery. The projects are also located in a very active region in Ontario with excellent access and proximity to major mines such as Cote gold deposit. We are keen to immediately advance work at Shining Tree."

Additionally, at PTX's flagship asset, the company will release updates in the near future, starting with 3-D inversion results from the 2025 magnetic survey released earlier this year, giving newer insight on depth extension and refined targeting.

Qualified person

The technical information presented in this news release has been reviewed and approved by Kyle Pedersen, a non-independent qualified person to PTX Metals, who is responsible for ensuring that the related technical information provided in this news release is accurate and who acts as a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About PTX Metals Inc.

PTX is a mineral exploration company focused on high-quality strategic metal assets in Northern Ontario, allowing exposure for shareholders to copper, gold, nickel and platinum group element discoveries. The province of Ontario is a renowned mining jurisdiction for its abundance of mineral resources and safe jurisdiction.

Its corporate objective is to advance assets and unveil the potential of two flagship projects, W2, located in the strategic Ring of Fire region, and the Shining Tree gold project, neighbour to other known deposits in the Timmins gold camp.

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

PTX is based in Toronto, Canada, with a primary listing on the TSX Venture Exchange under the symbol PTX. The company is also listed in Frankfurt under the symbol 9PX and on the OTCQB in the United States as PANXF.

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