Mr. Robert Pryde reports

BMEX GOLD ANNOUNCES UPDATE TO LISTED ISSUER FINANCING EXEMPTION (LIFE) FINANCING

Bmex Gold Inc. has terminated its non-brokered private placement financing which was previously announced on June 10, 2024, and will be proceeding with a new offering under the listed issuer financing exemption whereby the securities of the company issued pursuant to the offering will be freely tradeable equity securities not subject to a hold period (see herein). The offering will be for minimum gross proceeds of $300,000, and maximum gross proceeds of $1.3-million.

The offering will consist of the sale of a minimum of two million non-flow-through units (NFT units) at a price of 15 cents per NFT unit for gross non-flow-through proceeds of $300,000. The offering will be subject to maximum gross proceeds of $1.3-million, through the issuance of up to 6,666,667 units in aggregate, which will consist of a mix of flow-through units and NFT units. The FT units will be issued at 15 cents per FT unit. Each NFT unit and each FT unit will consist of one common share of the company and one full common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of 20 cents per share for a period of 24 months from the closing date of the offering. The breakdown between FT units and NFT units to be issued will be determined by the company at closing (subject to a minimum of two million NFT units).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions (NI 45-106), the offering is being made to purchasers resident in each of the provinces of Canada, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities offered under the exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

In consideration for services provided with respect to the offering, the company may pay cash finders' fees of up to 6 per cent of the gross proceeds of the offering.

The gross proceeds from the sale of the FT units will be used to further explore and evaluate the company's Dunlop Bay project located in Quebec, Canada, and proceeds from the sale of the NFT units will be used for general and administrative expenses for the company for the next 12 months.

The offering is scheduled to close on or about Aug. 2, 2024 (the closing date), and completion of the offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Bmex Gold Inc.

Bmex Gold is a junior Canadian mining exploration company with the primary objective to acquire, explore and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. Bmex is currently fully focused its 100-per-cent interest in its two projects, both located in the prolific Abitibi greenstone belt: King Tut project consists of 120 contiguous claims on 5,206 hectares Dunlop Bay project consists of 76 mineral claims that cover 4,226 hectares

Bmex common shares trade under the symbol BMEX on the TSX-V and under the symbol 8M0 on the Frankfurt Stock Exchange.

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