Mr. Clayton Fisher reports

IDEX METALS ANNOUNCES COMPLETION OF OPTION AGREEMENT TRANSACTION WITH WESTGOLD METALS

Idex Metals Corp.'s wholly owned subsidiary, Silver Rock Resources Inc. (the optionor), has completed the previously announced mineral property option agreement with WestGold Metals Corp., traded on the Canadian Securities Exchange under the symbol WGM.CN.

Pursuant to the option agreement, the optionor granted WestGold an exclusive option to acquire a 90-per-cent interest in three of the company's exploration properties located in the state of Idaho, United States: the Amie project, the Silver Rock project and the Demming project.

In accordance with the option agreement, WestGold issued 5,737,000 common shares to the optionor and made the initial cash payment of $100,000.

WestGold is required to incur a minimum of $5-million in aggregate exploration expenditures on the properties over a three-year period, as follows: (i) $1-million by the first anniversary of the effective date; (ii) cumulative exploration expenditures of $3-million by the second anniversary of the effective date; and (iii) cumulative exploration expenditures of $5-million by the third anniversary of the effective date.

Upon full exercise of the option, the parties will be deemed to have formed a joint venture, with WestGold holding a 90-per-cent participating interest and the optionor retaining a 10-per-cent carried interest. WestGold will serve as operator of the joint venture and will be responsible for all costs of the joint venture until the commencement of commercial production.

Clayton Fisher, chief executive officer of Idex, commented: "Closing this transaction allows Idex to remain focused on advancing the Freeze project while preserving meaningful exposure to the Amie, Silver Rock and Demming projects. WestGold's commitment to fund $5-million of exploration provides a clear path to advance these assets, while Idex retains a 10-per-cent carried interest."

Investor relations agreement

The company further announces that it has entered into a consulting agreement dated Aug. 15, 2026, with Domestique Capital Corp. to provide certain investor relations services to the company.

Domestique is based in Toronto, Ont., and provides capital markets advisory and investor relations advisory services. Under the agreement, Domestique will provide investor relations and capital markets advisory services to Idex, including advising on capital markets strategy and making introductions and co-ordinating road shows and site visits for analysts and investors. The principal of Domestique is Wayne Phipps. Domestique and its affiliates are at arm's length to the company and have no other relationship with the company and do not own any securities of the company, other than stock options as described below.

The consulting agreement has term of six months. Pursuant to the consulting agreement, Domestique has agreed to provide capital markets advisory services to the company, and the company will pay Domestique $7,500 per month during the term. In addition to the cash fee, the company will grant Domestique 200,000 stock options of the company at an exercise price of 55 cents per share. The options shall vest over a two-year period as follows: 25 per cent of the options shall vest on the date that is six months following the date of issuance, 25 per cent of the options shall vest on the date that is 12 months following the date of issuance, 25 per cent of the options shall vest on the date that is 18 months following the date of issuance and 25 per cent of the options shall vest on the date that is 24 months following the date of issuance. The consulting agreement and the grant of options thereunder is subject to approval from 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.