Mr. Clayton Fisher reports

IDEX METALS ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS

Idex Metals Corp. has closed its non-brokered private placement offering, as previously disclosed in the company's news releases dated Oct. 15, 2025, and Oct. 22, 2025. In connection with the offering, the company issued 8,867,099 units at a price of 60 cents per unit, generating aggregate gross proceeds of approximately $5,320,259.

Clayton Fisher, chief executive officer of Idex Metals, commented: "We're fired up to keep the drills turning longer, and to push our exploration even further. The strong demand we've seen for this financing -- and the addition of a new strategic shareholder -- gives us the horsepower we need to stay aggressive on the ground. This represents a significant vote of confidence in what we're building here in Idaho."

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of 90 cents per share for a period of 24 months from the date of issuance.

In connection with the offering, the company paid finders' fees in the amount of $204,418.20 and issued 511,030 finders' warrants. Each finder's warrant entitles the holder to acquire one common share at an exercise price of 60 cents per share for a period of 24 months from the date of issuance, under the same terms as the warrants issued pursuant to the offering.

The company intends to use the proceeds from the offering for exploration of its mineral properties in the state of Idaho and for general working capital.

All securities issued in connection with the offering are subject to a statutory hold period of four months plus one day in accordance with Canadian securities legislation. The offering remains subject to final approval by the TSX Venture Exchange.

About Idex Metals Corp.

Idex Metals is a mineral exploration company focused on advancing a portfolio of base and precious metal projects in Idaho, United States. Idex is primarily focused on the exploration and development of the Freeze copper-gold porphyry prospect located in the newly discovered Idaho copper district, Washington county, Idaho. With a strategic land position in a top-tier mining jurisdiction and surrounded by major industry players, Idex is committed to redefining district-scale exploration in Idaho.

We seek Safe Harbor.