Mr. Ron Lang reports

APEX SAMPLES 393 MG/L OF LI FROM THE LITHIUM CREEK PROJECT

Apex Resources Inc. has released analytical results from fluid samples recently collected from the company's Lithium Creek project, located in Churchill county in Nevada. The project consists of 10 incontiguous blocks of placer claims covering approximately 4,720 acres and adjacent lands within the aerially extensive Fernley and Carson sinks. These sinks have large expansive playas and lay within large hydrographic basins with a combined area of approximately 1.4 million acres. The fluid samples were collected from Lithium Creek, a historical well and shallow hand-dug auger holes that were excavated one to two metres below ground surface using hand tools throughout the project area. The analytical results of the fluid samples show lithium values ranging from 393 milligrams per litre (mg/L) to 4.65 mg/L, with more than half (55 per cent) of the samples higher than 50 mg/L.

The fluid samples were collected from playas where the shallow groundwater could be accessed using hand tools. The sample locations were separated by sufficient distances to examine the potential for the lateral distribution of lithium enriched brines. Fluid samples were collected from 20 shallow hand augured test holes, one historic well remnant of the old salt works operation and one sample of surface water was collected from Lithium Creek. Two duplicate samples and one field blank sample were collected for quality assurance/quality control (QA/QC) purposes in accordance with the sampling and analytical plan for the project. The attached table provides a tabulation of the analytical results for the samples collected.

Lithium was detected in all samples. Duplicate and field blank samples were submitted to evaluate the quality control standards for the project in addition to the Western Environmental Testing Laboratory (WET Lab) QC report for the samples analyzed. Analytical results for over half of the fluid samples indicate lithium concentrations at the project exceed 50 mg/L, providing further indications that lithium-bearing brine deposits exist within the project area. For samples with lithium concentrations over 100 mg/L, the company will recollect and analyze confirmatory samples for validation.

A cut-off grade of approximately 50 mg/L has been adopted for several lithium brine projects in North America, as noted in publicly filed technical reports filed for Albemarle's Silver Peak project in Clayton Valley, Nevada (1) and Lithium Bank Resources Corp.'s Park Place lithium brine property in west-central Alberta, Canada (2). Cut-off grades are, however, unique to the specific project and a cut-off grade has not been determined for the Lithium Creek project.

Laboratory analytical results and measurements of total dissolved solids (TDS) collected in the field indicate most of the shallow groundwater encountered in the playa sediments at the project are classifiable as lithium brines. These data provide compelling evidence of the potential for regional large-scale lithium enriched brine aquifers or reservoirs to exist at the project.

A total of 25 fluid samples were submitted to WET Lab in Sparks, Nev., under chain of custody in accordance with the sampling and analytical plan for the project. WET Lab is an independent and certified laboratory in the state of Nevada. The data and information contained in the WET Lab analytical report were generated using specified or selected methods contained in references, such as: standard methods for the examination of water and waste water, on-line edition; methods for determination of organic compounds in drinking water, EPA-600/4-79-020; and test methods for evaluation of solid waste, physical/chemical methods (SW846), third edition. Total metals, including lithium, boron, potassium and sodium, were analyzed using EPA method 200.7. EPA method 200.7 was approved for use as axial view of ICP-OES (inductively coupled plasma optical emission spectroscopy) and is the required EPA method for compliance monitoring by ICP-OES. ICP-OES is preferred for analysis of samples with high total dissolved solids or suspended solids.

This news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and the scientific and technical information herein was reviewed and approved by Geoffrey Baldwin, PG, SME-RM, who is a consulting geologist for Apex and who acts as Apex's qualified person.

About Apex Resources Inc.

Apex is a mineral exploration company engaged in the business of the acquisition, exploration and development of mineral resource properties. Apex has an option to acquire the Lithium Creek property, located in Churchill county in Nevada, and is currently conducting lithium brine exploration on the project, with a view to identifying and defining drill targets with high potential to penetrate lithium-brine-bearing aquifers.

(1) SEC technical report summary -- prefeasibility study -- Silver Peak lithium operation -- Nevada, dated Feb. 14, 2023.

(2) Lithium Bank Resources, Park Place National Instrument 43-101 technical report, with an effective date of June 24, 2024.

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