Mr. John Keating reports

PJX RESOURCES' DRILLING IDENTIFIES SEDIMENTARY EXHALATIVE (SEDEX) MINERALIZATION

Drilling at PJX Resources Inc.'s Dewdney Trail property has intersected multiple mineralized sedimentary horizons, a mineralized vent breccia/fragmental, and a chaotic fault scarp breccia with large blocks and fragments of sediments, some containing zinc mineralization. Geology and mineralization encountered during drilling and mapping supports a sedimentary exhalative (sedex) environment with potential to host a deposit. The drill core continues to be logged and sampled. Sample results along with sections and maps will be released when analyses are received and compiled.

Dave Pighin, consultant and former Cominco geologist, commented: "What has been intersected is impressive as it indicates a large mineralizing system. Large systems support the potential to discover significant deposits. Drilling this part of the Dewdney Trail property is similar to drilling across the Sullivan sedimentary basin on strike with the Sullivan deposit."

Mineralized sedimentary beds/horizons

Sixteen holes totalling 5,100 metres were drilled over a period of 2.5 months until the middle of October. sedex type mineralized beds or bands were intersected sporadically within about 500 metres of the stratigraphic column that was tested during this first phase of drilling. Sixteen semi-massive to massive sulphide beds, ranging in thickness from three centimetres to 30 cm, were encountered in the upper half of the stratigraphy. These sulphide beds are predominantly pyrrhotite/pyrite (iron sulphides). Some beds or bands contain minor visible sphalerite (zinc sulphide), galena (lead sulphide) and/or chalcopyrite (copper sulphide).

Beneath the historical Estella mine, which is near the base of the 500 metres of the stratigraphic column tested, there appears to be two sedex horizons where the frequency of sulphide beds and mineralization is greater and may represent a more robust mineralizing period during the formation of the sedimentary basin. These horizons appear to range in true thickness from eight metres to 12 metres. The sedex horizons are about 30.0 stratigraphic metres apart.

Mineralized feeder vent breccia

Drilling supports the view that the mineralized breccia/fragmental first intersected and announced in a news release dated Sept. 5, 2024, is a possible discordant feeder vent estimated to be about 10 metres in true thickness. Vents are important in the formation of deposits as they provide a pathway for iron, copper, zinc and other sulphides to rise along and form sedex style bedding conformable mineralization. The vent mineralization is predominantly iron sulphide (pyrrhotite and pyrite) that locally contains visible amounts of copper sulphide (chalcopyrite) and zinc sulphide (sphalerite), as well as fragments of iron sulphide mineralization. These styles of mineralization support a venting environment where sulphide mineralization is exhaled on to an ocean floor or replaced sediment beds in the immediate stratigraphy below the ocean floor.

Zinc in outcrop

Drilling and additional mapping confirms that zinc mineralization discovered in outcrop late last year, occurs as large blocks of sedimentary rock, about 10 metres in size, that are part of a chaotic breccia. The chaotic breccia most likely formed along a fault scarp when the seafloor was breaking apart along faults and forming sub-basins. The large blocks of sediments, some containing mineralization, presumably broke along these escarpments and collapsed into the developing extensional basins in the sea floor.

The large blocks of sediment with zinc mineralization occur about halfway up the mountain slope. The source of the blocks is expected to be higher in the stratigraphy and, hence, at higher elevations on the mountain. Higher elevations were not drilled this year because of freezing water line potential and for worker safety during freeze-up when clouds and weather can limit helicopter support. The chaotic breccia with zinc mineralization in large blocks of sediments is additional support of a sedex deposit type environment. A similar chaotic breccia occurs proximal to the Sullivan deposit.

Boulders in Talus with Sullivan style and grade of mineralization

Boulders with sedex mineralization similar in style and grade to the Sullivan deposit were discovered late last year in talus at the base of the mountain slope and announced in a PJX news release Oct. 12, 2023. The sedex style of massive sulphide mineralization intersected by drilling is more iron sulphide dominant than the semi-massive to massive zinc-lead-silver and critical metal-rich sulphide boulders at the base of the mountain slope. The source of the boulders may be from higher on the mountain slope than was tested by drilling; possibly from the Kootenay King stratigraphic horizon that occurs higher on the mountain. Alternatively, the source of the boulders may be to the south of their current location. This would be higher in the cirque and possibly on strike with the two mineralized horizons encountered beneath the historical Estella Mine mentioned above.

John Keating, president of PJX, commented: "Drilling confirms that we are in a geological environment favourable to host a sedex-type deposit, possibly similar to the historical Sullivan sedex deposit located 20 km to the west or to the historical Kootenay King sedex deposit located 4.5 km along strike to the south. While Sullivan style and grade mineralization discovered in boulders at the base of the mountain slope last year were not encountered, their presence along with the large mineralizing system encountered by preliminary drilling supports the potential to discover a deposit in the vicinity. At present we believe the source of the boulders may be higher on the mountain and/or higher in the cirque. We will be in a better position to vector to a source when all the sample analyses are received and data compiled. PJX has an exploration permit in place that is good for five years."

PJX's new discovery potential background

PJX owns 100 per cent of the mineral rights to multiple properties totalling over 680 square kilometres of mineral claims in the Sullivan mining district of southeastern British Columbia, Canada. Exploration in late 2023 discovered boulders and outcrop of Sullivan deposit style and grade mineralization on PJX's Dewdney Trail property that is over 150 square km in size. The zinc, lead, silver and other critical metal mineralization discovered at surface on the Dewdney Trail property is magnetic and appears to be associated with a strong to moderate magnetic airborne geophysical anomaly that can be traced for approximately 1.6 km. This recent first phase of drilling on part of the anomalous trend confirms a geological environment with sulphide mineralization that supports the potential to discover a sedex type deposit.

The geological disclosure and content of this news release has been reviewed and approved by Dave Pighin, PGeo, and John Keating, PGeo (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is one of a number of consulting geologists for PJX on the Dewdney Trail property. Mr. Keating is the president, chief executive officer and a director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver, zinc, lead, copper, cobalt and other critical metals. PJX's properties are located in the historical Sullivan mine district and Vulcan gold belt near Cranbrook and Kimberley, B.C.

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