Mr. Greg Ferron reports

PTX METALS INC. DEFINES PRIORITY DRILL TARGETS AT SHINING TREE GOLD PROJECT FOLLOWING NEW GEOPHYSICAL AND STRUCTURAL ANALYSIS

PTX Metals Inc. has released results from recent magnetic and structural studies that have significantly improved its understanding of the geological controls on gold mineralization at its Shining Tree gold project, located south of Timmins, Ont. Further, the work has identified multiple priority exploration targets, including a drill-ready target at the Ronda strip and several additional zones requiring follow-up surface work, including both gold and base metals. The results will support coming drill planning and continued systematic exploration across the property.

Key highlights include:

• Five priority exploration targets identified;
• Rhonda target considered drill-ready;
• New high-resolution magnetic survey reveals previously unrecognized structures;
• Additional surface work planned at Four Big Lake and Rhonda-Break Extension targets;
• Limited historic exploration at northwestern and western targets presents upside potential.

The program included:

• A high-resolution drone magnetic survey by Terrascope Inc.;
• structural interpretation work by SRK Consulting (Canada) Inc.;
• An independent geophysical review of the data set.

The work was successful in defining the nature of the structural system and the mineralization related directly or indirectly to the Ridout-Tyrell deformation zone, host to the Juby deposit and Cote gold mines, in the rapidly developing, underexplored Shining Tree district of the southern Abitibi greenstone belt.

Together, these studies have refined PTX's geological model and highlighted several prospective zones associated with the Ridout-Tyrrell deformation zone, which hosts significant regional deposits, including Juby and Cote gold.

Five priority areas have been identified, including the Ronda target, which is considered drill-ready:

1. Ronda target forms part of the Ronda strip, interpreted to represent a folded gold-mineralized horizon extending for several kilometres. The target is considered a priority drill location and will follow up on the previously sampled trench program that had returned up to 16.0 metres at 9.0 grams per tonne gold from surface. (Note: Channel sample length does not represent true width of the mineralized structure.)
2. Four Big Lake target and the Ronda-Break Extension target are considered Priority 1 exploration areas. These will require additional surface work, including till sampling, surface mapping and additional ground geophysics before drill testing.

The northwestern and western targets are earlier-stage opportunities that require additional surface work. Historic sampling from the Northgate No. 3 zone within the greater northwestern target returned values up to:

• 8.23 grams per tonne gold;
• 20 g/t silver;
• Greater than 10,000 parts per million arsenic.

Access to the northwestern target has improved significantly in recent years due to the development of new logging roads. PTX plans to follow up on these target areas with surface work such as till sampling, prospecting and mapping.

Greg Ferron, president and chief executive officer of PTX, stated: "These results continue to strengthen our understanding of the geological controls on gold mineralization at Shining Tree and allow us to prioritize targets with the greatest potential to deliver value through drilling. Identifying a drill-ready target at Ronda is an important step as we advance the project.

"With improving access in the region and increasing interest in the Timmins gold camp, Shining Tree represents a compelling exploration opportunity within our Northern Ontario portfolio. Our focus remains on advancing high-quality targets while continuing to build our pipeline of discovery opportunities."

Initial analysis of the magnetic survey deliverables clearly demonstrates the advantages of the high-resolution survey over the available regional survey work, as subtle, previously unrecognized structures and structural domains were able to be discerned. Review and interpretations of the high-resolution magnetic data set from SRK's structural work as well as an independent geophysicist have identified and delineated multiple areas exhibiting magnetic complexity which could be related to the gold-bearing Rideout-Tyrell deformation zone. Importantly, these zones represent areas of potential interest as their complex magnetic signatures could be zones of high strain/deformation. Some of these areas have historically received little to no attention, and, therefore, follow-up work designed to evaluate their economic potential is highly warranted.

Results from the mag survey

In October, 2025, PTX commissioned Terrascope to conduct a high-resolution, drone magnetics survey over the central and north-central areas, covering approximately 35 per cent of the Shining Tree project. The original survey area was extended toward the north as additional field observations triggered attention toward recently identified potential zones/areas of interest, such as the Four Big Lakes target to the northeast of the property.

The mag survey was flown from Oct. 27 to Dec. 12, 2025, along 35-metre-spaced lines at a mean altitude of 34.8 metres above ground, covering a total of 2,783.6 line kilometres. Data processing and reporting were completed by Terrascope for the survey.

Results from SRK structural study

Concurrent with the drone magnetics survey, PTX commissioned SRK Consulting to complete a structurally oriented review of the property and first-pass interpretation of the drone magnetics survey results.

In addition to the delineation of structurally complex areas from the new magnetic survey, SRK's structurally oriented interpretation has significantly advanced the company's understanding of the property's complex geological setting and the structural controls likely governing gold mineralization at the established prospects found in the central area of the property (that is, the Ronda, Caswell, Herrick and Gold Corona/Churchill prospects). For example, a previously unrecognized fold-axis geometry and an associated intersection lineation have been identified at the Ronda prospect, which appears to play an important role in localizing higher-grade gold mineralization along the generally north-south-trending, mineralized corridor. PTX's newly refined understanding of the primary and secondary structural controls on gold mineralization in these areas has provided the company with enhanced confidence in drill targeting low-relief/overburden-covered structures and known, mineralized structures at depth (for example, Ronda).

Magnetic survey: independent geophysicist review

Following preliminary interpretive work of the magnetics data by SRK, PTX recently commissioned an independent geophysicist to conduct a comprehensive review of the high-resolution magnetic data set. These newly identified trends could be key to unveiling previously unrecognized exploration targets across the survey area.

In addition to strict review and interpretation of the raw magnetics data, the data set was reprocessed and regridded to enhance resolution and improve feature definition. A series of advanced geophysical products, including both unfiltered and filtered deliverables, was generated and provided to PTX. Notably, directional filters were applied to suppress the dominant northerly-trending Matachewan dikes, which are widespread and highly magnetic and generally postdate gold mineralization. By removing these late, overprinting features, the resulting product enhances the visibility of more subtle magnetic domains and geologic structures that could be associated with mineralization.

Interpretations from the consultant not only support SRK's observations but also improve and maximize the value of the high-resolution magnetic data set.

Continuing work and next steps

PTX is advancing plans to begin drilling at the Ronda target while continuing surface exploration across other priority areas identified by the survey results. Specific diamond drilling program details and timing will be provided separately.

Planned work includes:

• Completion of drill hole planning at Ronda;
• Follow-up surface programs on newly identified targets;
• Systematic review of historically underexplored areas;
• Follow-up of anomalous geochemical results.

These programs are intended to refine drill targeting and advance the company's understanding of the Shining Tree gold system.

Qualified person

The technical information in this news release has been reviewed and approved by Rhys Davies, RPGeo (MAIG), a non-independent qualified person, as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), who is responsible for ensuring that the related technical information provided in this news release is accurate. Blair Hrabi, PGeo, a principal consultant in structural geology at SRK Consulting, also reviewed the technical content of this press release as it relates to his work on the Shining Tree gold project.

About PTX Metals Inc.

PTX is a proudly Canadian mineral exploration company advancing gold and critical mineral projects in Northern Ontario, including its W2 copper-nickel-platinum-group-element project in the Ring of Fire and the Shining Tree gold project in the Timmins gold camp. PTX offers shareholders exposure to copper, gold, nickel and platinum group element discoveries. The Province of Ontario is a mining jurisdiction renowned for both its abundance of critical minerals and stable regulatory environment.

Its corporate objective is to advance its assets, unlocking the full potential of two flagship projects, the W2 Cu-Ni-PGE located close to existing winter road infrastructure at the gateway to the strategic Ring of Fire region, and the Shining Tree gold project, neighbouring other known deposits in the Timmins gold camp.

PTX's portfolio of assets was strategically acquired for its geologically favourable attributes and 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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