Mr. Dan Noone reports

S2 ANNOUNCES PROPOSED NAME CHANGE AND AMENDMENTS TO SHARE STRUCTURE

At an annual general and special meeting of S2 Minerals Inc.'s shareholders held today, the shareholders overwhelmingly approved the proposed change of the name of the company to FNX Inc. and the proposed amendments to the articles of the company to (a) amend the rights and restrictions of the existing class of common shares and redesignate such class as subordinate voting shares and (b) create a new class of shares designated as multiple voting shares. Further details in respect of the name change and articles amendments can be found in the company's management information circular dated Oct. 23, 2025.

The name change and the articles amendments are expected to be effective on Dec. 5, 2025. The company's subordinate voting shares are expected to begin trading at the opening of markets on Dec. 5, 2025, under the symbol FNX. The new Cusip and ISIN of the subordinate voting shares will be 343921102 and CA3439211028, respectively. No action is required to be taken by existing securityholders of the company with respect to the name change or articles amendments.

About S2 Minerals Inc.

S2 Minerals is a Canadian mineral exploration company focused on exploring mineral properties in Northwest Ontario, including the Sandy Lake project.

The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean greenstone belt, located approximately 140 miles north of Red Lake, Ont. S2 beneficially holds a 100-per-cent interest in the mineral rights to approximately 137,000 acres, and holds a 50.1-per-cent interest in the approximately 15,000 acres of the Weebigee joint venture claims and a 50-per-cent interest in a further 15,000 acres of the Southern Block claims in joint ventures with Goldeye Explorations Ltd., now part of NexGold Mining Corp.

The Sandy Lake project is held within the traditional territories of Sandy Lake First Nation and Keewaywin First Nation. S2 also holds additional mineral claims which are located within Eabametoong First Nation traditional lands.

It is expected that over time, S2 may add new Canadian-focused exploration stage projects to its portfolio.

We seek Safe Harbor.