Mr. John Eren reports

OREX MINERALS INC. AMENDS TERMS OF NON-BROKERED PRIVATE PLACEMENT

Orex Minerals Inc. has amended the terms of its previously announced non-brokered private placement, which was disclosed in its news release dated Feb. 2, 2026.

The hold period applicable to the securities to be issued under the offering has been amended to 12 months from the date of issuance, rather than the standard four-month-and-one-day hold period prescribed under applicable Canadian securities laws.

In addition, the company has revised the anticipated closing date of the offering, which is now expected to occur on or before March 4, 2026.

The company also notes that the initial news release incorrectly stated the warrant exercise price. The correct warrant exercise price is 22 cents. This news release should be read in conjunction with the initial news release.

About Orex Minerals Inc.

Orex Minerals is a precious and base metals exploration company with projects in Mexico and Canada. The company's portfolio includes the Coneto silver-gold project (Durango state, Mexico), in partnership with Fresnillo PLC, the Sandra silver-gold project (Durango state, Mexico), in partnership with Pan American Silver Corp., and the Jumping Josephine gold project in British Columbia, Canada. Orex is led by an experienced team of mining and exploration professionals dedicated to value creation through strategic project advancement and partnerships.

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