Mr. Christophe Vereecke reports

PTX METALS ANNOUNCES APPOINTMENT OF FREDERICO MARQUES TO THE BOARD OF DIRECTORS

PTX Metals Inc. has appointed Frederico Marques to its board of directors and Felix Lee has retired.

Mr. Marques brings over 25 years experience in mining, M&A (mergers and acquisitions), legal, and corporate experiences to the board of directors of PTX. Mr. Marques has worked with several leading mineral exploration and mining companies around the globe, including as an independent director of Sigma Lithium Corp. (from June, 2018, until June, 2023). As a former partner of major Canadian law firms and in-house counsel at Vale SA. Mr. Marques worked with early-stage mineral exploration projects and large mining operations in over 20 mining jurisdictions, with a focus in the Americas. Throughout his career, Mr. Marques was involved in over $30-billion (U.S.) in M&A, financings, joint ventures, and other sophisticated transactions.

Christophe Vereecke, chairman of the board, stated that:

"We are pleased to welcome Frederico to the board who will play an important role with the board and management as PTX further advances the W2 project and executes on other corporate plans under way. Frederico brings both a wealth of mining and corporate experience, including a network of mining executives globally. The company would also like to extend its appreciation to Felix Lee for his guidance and technical knowledge provided to the management and board. We wish Felix the best in his retirement and appreciate that he will continue to assist as an adviser to the company."

Mr. Marques commented:

"I am honoured and humbled to join PTX as an independent director. PTX has a fantastic team and promising critical minerals exploration projects that are of fundamental importance to powering the global green and digital economy. I am fully confident in PTX and its leadership and together we will take the appropriate measures to continuing creating value to PTX shareholders, strengthening PTX governance and steering PTX in the right direction."

About PTX Metals Inc.

PTX is a minerals exploration company focused on high-quality critical minerals projects, including two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. The corporate objective is to advance the exploration programs toward proving the potential of each asset, which includes the W2 copper-nickel-PGE project and South Timmins gold joint venture project.

PTX's portfolio of assets offers investors exposure to some of the world's most valuable metals including gold, as well as essential critical minerals for the clean energy transition: copper, nickel, PGE, uranium and rare metals. PTX's portfolio of assets was strategically acquired for their geologically favourable attributes and proximity to established mining companies. PTX mineral exploration programs are designed by a team of expert geologists with extensive career knowledge gained from its tenure working for global mining companies in northern Ontario and around the world.

PTX is based in Toronto, Canada, with a primary listing on the Canadian Securities Exchange under the symbol PTX. The company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.

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