Mr. Greg Ferron reports

PTX METALS INC. ANNOUNCES FINAL CLOSINGS OF PRIVATE PLACEMENT

PTX Metals Inc. has completed the final closings of its previously disclosed non-brokered private placement of hard-dollar units and flow-through shares (see news releases dated April 8, 2026, April 14, 2026, April 23, 2026, April 27, 2026, and April 30, 2026). Under the most recent closings, the company issued a total of 8.2 million flow-through shares at a price of 12.5 cents per flow-through share for aggregate gross proceeds of $1,025,000 and a total of 2,499,544 hard-dollar units at a price of 11 cents per hard-dollar unit for gross proceeds of $274,949.84, bringing the total number of flow-through shares issued to date to 40.95 million for total gross proceeds of $5,118,750 and the total number of hard-dollar units to 17,472,723 for total gross proceeds of $1,921,999.53

In addition, to date, the company has paid a total of $367,766 in finders' fees and issued a total of 2,934,775 finder warrants to eligible finders. Each finder warrant entitles the holder thereof to purchase one common share at a price of 12.5 cents (subject to adjustment) for a period of two years following the issuance of the finder warrants.

Each hard-dollar unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one additional common share at a price of 18 cents for a period of 36 months from the date of issuance. No fractional warrants will be issued, and no cash or other consideration will be paid in lieu of fractional warrants. The warrants are subject to an acceleration provision, whereby the company may accelerate the expiry date of the warrants if the closing price of the company's common shares on the TSX Venture Exchange is at or above 40 cents for more than 20 consecutive trading days, in accordance with the terms of the warrants.

The company intends to use the proceeds from the issuance of the units for general corporate expenses and working capital purposes and to use the gross proceeds from the issuance of the flow-through shares to incur eligible Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) that qualify as flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act related to the company's projects in Ontario. The qualifying expenditures will be incurred on or before Dec. 31, 2027, and will be renounced by the company to the purchasers with an effective date no later than Dec. 31, 2026, in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares.

The flow-through shares and all but 4,545,454 hard-dollar units were issued pursuant to the accredited investor exemption. As such, the flow-through shares, the securities underlying the hard-dollar units and the finder warrants are subject to a statutory hold period in Canada of four months and one day from the date of issuance. The 4,545,454 hard-dollar units not issued pursuant to the accredited investor exemption were issued pursuant to Ontario Securities Commission Rule 72-503 and the securities underlying such units are not subject to a hold period.

About PTX Metals Inc.

PTX is a proudly Canadian mineral exploration company advancing gold and critical minerals projects in Northern Ontario, including its W2 copper/nickel/platinum group element project in the Ring of Fire and the Shining Tree gold project in the Timmins gold camp. PTX offers shareholders exposure to copper, gold, nickel and PGE discoveries. The province of Ontario is a mining jurisdiction renowned for both its abundance of critical minerals and stable regulatory environment.

PTX's corporate objective is to advance the company's assets, unlocking the full potential of two flagship projects: the W2 copper/nickel/PGE project, located close to existing winter road infrastructure at the gateway to the strategic Ring of Fire region, and the Shining Tree gold project, neighbouring other known deposits in the Timmins gold camp.

PTX's portfolio of assets was strategically acquired for their geologically favourable attributes and proximity to established mining companies.

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

We seek Safe Harbor.