Mr. Greg Ferron reports

PTX METALS LAUNCHES 5,000M DRILL PROGRAM AT W2 COPPER-NICKEL-PGE-GOLD PROJECT AS METALLURGY, GEOPHYSICS, AND INFRASTRUCTURE AGREEMENTS STRENGTHEN OUTLOOK

PTX Metals Inc. has commenced a 5,000-metre diamond drilling program at its W2 copper-nickel and platinum-palladium-gold project in Ontario, Canada. Drilling is focused on the Central target with the initial holes targeting the CA1 and AP zones.

The objectives of the first phase of the program are to test and delineate known exploratory targets (see press release dated Sept. 4, 2024) with the goal of enhancing the resource estimate, as well as expanding the identified mineralized bodies with stepout holes within geologically prospective zones. Through the first phase of drilling, the company is also targeting and building its understanding of the higher-grade zones and possible enrichment within a larger sulphide-bearing envelope previously identified, along with testing geophysical targets.

Drill planning was based on multiple lines of geological evidence, leading to targeting of a never-before-tested geological interpretation of the property which is expected to more precisely guide current and future drilling at the W2 property. Data considered during drill planning include, but are not limited to, previous PTX and historic drilling cumulating more than 120 drill holes, the recent 2025 high-resolution magnetic survey and the subsequent 3-D inversion model, the electromagnetic survey, and the resulting Maxwell plates. The latest compilation of data and the newest drill holes from PTX show that the mineralization is mainly hosted within a deformed, sulphide-bearing, highly magnetic gabbroic unit, which has been affected by various structural regimes. These previous steps allow significant derisking for targeting wide mineralized intersections and potential localized massive sulphide zone intercepts.

The current work is being conducted and based out of an exploration camp at the property located 60 kilometres south of Webequie First Nation, where various support services at WFN are being used for the W2 project.

Greg Ferron, chief executive officer and president, stated: "We are particularly excited to be back drilling at the W2 project this year with a more extensive program. We have taken significant steps for the project and for the company to improve our geological understanding of the deposit, that we are now ready to further test and build on the large exploration target issued in 2024. We are also pleased to be partnering with several professional service providers at W2 including Cyr Drilling, SGS, Haveman, Wisk Air, Webequie First Nations and our internal team. Importantly, with three recent infrastructure announcements in the immediate region including two landmark first nations agreements with Ontario government, positive progress with metallurgy work and a strong commodity environment, W2 is very well positioned today."

Currently progressing additional activities at the W2 project are the following.

The company continues to advance the project, increasing knowledge with the preliminary metallurgical results received, with highly anticipated impending age dating, paragenesis study, resource modelling and geological 3-D interpretations still pending for results.

Additionally, a high-resolution topography and orthophoto lidar survey was flown by KBM Resources Group and completed on Oct. 25 for the Central target.

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 its assets and unveil the potential of two flagship projects: the W2 copper-nickel-platinum group elements 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 their geologically favourable attributes and proximity to established mining companies.

PTX is based in Toronto, Canada, with a primary listing on the Toronto Stock Exchange under the symbol PTX. 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.