Mr. Clayton Fisher reports

IDEX METALS ENGAGES GEOTECH DRILLING FOR FULLY-FUNDED 10,000-METRE DRILL PROGRAM * EXPANDS IP SURVEY AT FREEZE PROJECT, IDAHO, USA

Idex Metals Corp. has engaged Geotech Drilling Services Ltd. to complete the company's fully financed 2026 diamond drilling program at the Freeze project in Idaho, United States.

The ambitious 2026 drilling campaign at Freeze is expected to be comprised of approximately 10,000 metres of drilling across 20 holes, with the majority planned to target depths of approximately 300 to 800 metres, up to a maximum designed depth of 1,200 metres. The program is expected to be carried out by two drill rigs, with mobilization of the first one anticipated in early June, 2026, and the second to follow shortly thereafter.

The company is also pleased to announce that based on encouraging preliminary results from its ongoing induced polarization (IP) survey originally announced on April 8, 2026, the survey has been expanded from the initial 37-line-kilometre program to approximately 64 line kilometres. This larger program will extend coverage to the north and south with an additional 21 line kilometres, including survey lines over U.S. Forest Service (USFS) ground to better evaluate the area between two emerging anomalies associated with the CM target. The company has also added approximately six line kilometres of IP coverage over the Shiver target, where preliminary results to the north have warranted additional work aimed at advancing Shiver toward drill-ready status.

"We are absolutely thrilled with the momentum building at Freeze," said Clayton Fisher, chief executive officer of Idex. "The engagement of Geotech is a major step forward for the company and our 2026 exploration season. Geotech is a large, highly respected drilling organization with deep technical experience, modern equipment and a track record of completing drilling programs in a wide array of environments all over the world. We believe they are the right partner to help execute the largest and most ambitious drill program in Idex's history."

"We're equally excited about the early takeaways from the ongoing IP survey. Preliminary results have been compelling enough that we have made the decision to significantly expand the program in real time. Filling in the gaps between the Kismet corridor and the CM target, extending lines onto USFS ground, and adding new lines over Shiver, gives us the ability to refine multiple high-priority targets before the drills begin to turn. This is exactly the kind of technical momentum we hoped to build at the start of this season, and we are more excited than ever about the scale of the opportunity developing at Freeze."

Geotech is a multidisciplinary drilling contractor active in exploration, geotechnical, environmental and construction drilling markets, with completed projects in Canada, the United States, South America and Greenland. Geotech is part of the ConeTec Group, which operates a global platform of site investigation, drilling, sampling and geophysical profiling services from more than 30 locations worldwide.

The 2026 program is designed to follow up on the company's 2025 exploration results and advance priority targets across the Freeze project, including the Kismet corridor, CM target, Shiver target and related copper-gold-molybdenum porphyry targets. Final drill targeting will be refined using the expanded IP survey, geological mapping, soil geochemistry and prior drilling results.

Qualified person

The scientific and technical information in this news release has been reviewed and approved for disclosure by David Hladky, PGeo (registered in Alberta), vice-president of exploration of Idex Metals. Mr. Hladky is a qualified person for Idex Metals within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Idex Metals Corp.

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

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