Mr. Ben Pullinger reports

ATEX PROVIDES CORPORATE UPDATE

In accordance with a stock option plan, Atex Resources Inc. has granted an aggregate of 1,994,261 incentive stock options to employees, of which 990,245 have been granted to officers. Each option entitles the holder to acquire one Atex common share at an exercise price of $2.60 over a period of five years and will vest one-third on each of the first, second and third anniversaries of the grant date in accordance with the company's stock option plan. In addition, 262,096 restricted share units have been granted to directors of the company and will vest on the date of termination of his or her membership on the board. Finally, 389,280 RSUs have been granted to employees, of which 193,296 have been granted to officers and will vest one-third on each of the first, second and third anniversaries of the grant date in accordance with the company's restricted share unit plan.

Atex is also pleased to announce that its common shares are eligible for electronic clearing and settlement in the United States through the Depository Trust Company. DTC eligibility is expected to simplify trading and enhance the liquidity of Atex shares in the United States. The company's shares began trading on the OTCQB Venture Market under the ticker symbol ATXRF on Sept. 23, 2025. Atex's common shares continue to trade on the TSX Venture Exchange in Canada under the symbol ATX.

DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are DTC eligible. The electronic method of clearing securities through the DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process for investors trading the company's shares.

About Atex Resources Inc.

Atex is exploring the Valeriano copper-gold project, which is located within the emerging copper-gold porphyry mineral belt linking the prolific El Indio high-sulphidation belt to the south with the Maricunga gold porphyry belt to the north, located in the Atacama region, Chile. This emerging belt, informally referred to as the Link belt, hosts several copper-gold porphyry deposits at various stages of development, including: Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick). Valeriano hosts a large, high-grade, copper-gold porphyry mineral resource: an indicated resource of 475 million tonnes at 0.88 per cent copper equivalent (0.58 per cent copper, 0.25 gram per tonne gold, 1.39 g/t silver and 70.4 g/t molybdenum) at a cut-off grade of 0.35 per cent Cu, and an inferred resource of 1,511 Mt at 0.75 per cent CuEq (0.50 per cent Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo) at a cut-off grade of 0.35 per cent Cu, as reported on Sept. 23, 2025.

We seek Safe Harbor.