Mr. Dan Noone reports

FNX ANNOUNCES COMPLETION OF NAME CHANGE AND AMENDMENTS TO SHARE STRUCTURE

Further to its press release dated Nov. 27, 2025, effective as of today, FNX Inc. has changed the name of the company from S2 Minerals Inc. to FNX Inc. and amended the articles of the company to (a) amend the rights and restrictions of the previously 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. As a result of the articles amendments, all previously outstanding common shares of the company have been redesignated as subordinate voting shares.

The subordinate voting shares have begun trading on the Canadian Securities Exchange under the symbol FNX. The new Cusip and ISIN of the subordinate voting shares are 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 FNX Inc.

FNX is a Canadian mineral exploration company focused on exploring mineral properties in Northwestern 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. FNX 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. FNX also holds additional mineral claims which are located within Eabametoong First Nation traditional lands.

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

We seek Safe Harbor.