The TSX Venture Exchange has accepted for filing documentation relating to a mining option agreement dated May 15, 2026, between Apex Resources Inc. and Tungsten Reserve Corp. (formerly Fortress Strategic Metals Corp.), an arm's-length optionee. Pursuant to the terms of the agreement, the company has agreed to grant to the optionee the exclusive option to earn, in stages, up to a 100-per-cent undivided interest in and to 18 Crown-granted mineral claims, one four-post claim, one two-post claim and two located mineral claims forming part of the company's Jersey-Emerald project, located near Salmo, B.C., solely for the purpose of conducting exploration and mining operations on the tungsten zones within the mineral claims. The optionee may acquire an initial 25-per-cent undivided interest by making a cash payment of $150,000 and issuing $1-million in shares or special warrants. Following completion of the phase I option, the optionee may earn an aggregate 75-per-cent undivided interest by Aug. 31, 2027, by issuing $3-million in special warrants and meeting certain conditions. The optionee may earn an aggregate 100-per-cent undivided interest by Feb. 28, 2029, by issuing $4-million in shares and meeting certain conditions. The optionee will also make $50,000 in annual payments to the company, commencing on Feb. 28, 2027, until the option is exercised or terminated. Upon commencement of commercial production, the optionee will issue an additional $6-million in shares and grant the company a 2.0-per-cent NSR (net smelter return) royalty, one-half of which may be repurchased for the greater of $5-million (U.S.) or the net present value of the foregone royalty payments attributable to such portion being repurchased. Upon the occurrence of certain events, the company has the right to require the optionee to transfer all of its right, title and interest in and to the mineral claims back to the company for nominal consideration. The property is subject to pre-existing underlying royalties.

The transaction is arm's length in nature and no finders' fees are payable.

For further details, please refer to the company's news releases dated May 19, 2026, and Aug. 10, 2026.