Mr. Greg Ferron reports

PTX METALS' SUBSIDIARY, GREEN CANADA CORPORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Green Canada Corp., a 50.73-per-cent-owned subsidiary of PTX Metals Inc., has closed the first tranche of its previously announced $500,000 private placement. GCC closed a total of 2,369,230 common shares at a price of 13 cents per share for proceeds of $308,000.

The common shares issued pursuant to the private placement are subject to a statutory hold period of four months and one day after the later of: (a) Jan. 16, 2026, the closing date for the first tranche of the private placement; and (b) the date the company became a reporting issuer in any province or territory. The net proceeds of the private placement are expected to be used for general working capital and corporate purposes.

PTX granted 7,725,000 incentive stock options to certain directors, officers and consultants of the company. Each option permits an optionee to acquire one common share in the capital of the company at any time at a price of 14 cents per option share up to the end of business on the Jan. 19, 2031, anniversary of the date of the grant. Each option is subject to a statutory hold period of four months and one day. The options are subject to certain vesting conditions.

The company further notes that, during the year ended Dec. 31, 2025, and in January, 2026, 3.75 million options expired.

About Green Canada Corp.

GCC has assembled a diverse set of Canadian-based uranium mineral properties focused on unconformity-style uranium deposits in the Athabasca basin of Saskatchewan, the Baker and Amer basins in Nunavut, and the Otish basin in Quebec. The flagship Marshall project to be acquired by GCC from Basin Energy Ltd. in connection with the proposed reverse takeover and the adjacent North Millennium project areas are situated 11 kilometres west of Cameco's 69.9-per-cent-owned Millennium deposit and 20 km southwest of CanAlaska's Pike zone discovery on the West McArthur project in the Athabasca basin of Northern Saskatchewan, the second-largest production centre for uranium globally. The Key Lake-McArthur Road is 23 km to the southeast with winter access to the property either by winter road from the Millennium deposit to Friesen Lake, four km east of the property, or by a winter road from Key Lake to McIntyre Lake, four km south of the property.

About PTX Metals Inc.

PTX is a mineral exploration company focused on high-quality critical mineral projects, including two flagship projects situated in Northern Ontario, a mining jurisdiction renowned for its abundance of mineral resources and investment opportunities. The corporate objective is to advance the exploration programs toward proving the potential of each asset, which includes the W2 copper-nickel platinum group element project and the South Timmins gold joint venture project.

PTX's portfolio of assets offers investors exposure to some of the world's most valuable metals, including gold, as well as essential critical minerals for the clean energy transition: copper, PGE, nickel, uranium and rare metals. PTX's portfolio of assets was strategically acquired for their geologically favourable attributes and proximity to established mining companies. PTX mineral exploration programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in Northern Ontario and around the world.

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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