ATEX Resources announces the appointment of Rick McCreary to its Board of Directors

Toronto, Ontario – (Newsfile Corp. – September 30, 2024) – ATEX Resources Inc. (TSXV: ATX) (“ATEX” or the “Company”) is pleased to announce that Mr. Rick McCreary has joined the ATEX Board of Directors (“Board“), with immediate effect. At the same time, Dr. Raymond Jannas is leaving the Board to facilitate the appointment of Mr. McCreary.

Craig Nelsen, ATEX CEO, commented: “Rick is a leading figure in the mining industry with over thirty-five years of experience in the areas of capital markets, strategy, corporate development, mergers and acquisitions, engineering and exploration. His extensive knowledge, experience and relationships will be key assets to ATEX as the company pursues its future development initiatives. We are pleased to welcome him to our Management Board and team. Furthermore, we would like to express our sincerest gratitude to Raymond, who has contributed significantly to the development of ATEX to its current situation. Dr. Jannas will continue to serve as a strategic advisor to the board.

Rick will retire from his position as Vice Chairman of TD Securities on November 29, 2024, where he focused on developing senior client relationships with executives and boards of directors, leveraging his four decades of experience in both executive and investment banking roles in the mining sector. sector. On the corporate side, Rick began his career at Gulf Canada as a geophysicist, later working with the Noranda-Falconbridge Group in engineering, technology development and metals marketing, and most recently as senior vice president of corporate development at Barrick Gold, where he led the divestment of non-core assets business valued at over $1.5 billion. Prior to joining TD, Rick most recently served as Head of CIBC’s Global Mining Investment Banking Group. Throughout his career, Rick has served as lead or lead financial advisor on marquee transactions for Noranda, Falconbridge, Rio Tinto, BHP, Teck, Lundin Group, Aur, Inmet, Ivanhoe, Hudbay Minerals, Equinox, Quadra, Baffinland, Dominion Diamond, Noront , Placer Dome, Barrick Gold, African Barrick Gold (Acacia), Goldcorp, Kinross, Franco-Nevada, IAMGOLD, Evolution, Northern Star and Orezone. Mr. McCreary holds an MBA in Finance and Strategy from McGill University and a Master’s Degree. and a BSc Hons in Geological Engineering from Queen’s University.

About ATEX

ATEX is exploring the Valeriano Copper Gold Project, which is located in an emerging porphyry-copper-gold mineral belt linking the fertile high-sulfur El Indio belt in the south with the Maricunga porphyry gold belt in the north. This emerging belt, informally called the Connecting Belt, hosts several copper-gold porphyry deposits in various stages of development, including Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados (NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). Valeriano hosts large porphyry copper-gold reserves: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t t Mo), which includes a higher grade core with a total weight of 200 million tonnes at 0.84% ​​CuEq (0.62% Cu, 0.29 g/t Au, 1.25 g/t Ag and 55.7 g/t Mo), according to the ATEX report of September 12, 2023.¹.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements, including predictions, projections and projections. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “expects” or “does not expect”, “continues”, “planned”, “estimates”, “forecasts” , “intends”, “potential”, “anticipates”, “does not anticipate” or describes “target” or variations of such words and phrases or states that specific actions, events or results “may”, “could”, “would” , “could” or “will” be undertaken, occurred or achieved. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, predictions, projections, predictions, performance or achievements expressed or implied by forward-looking statements.

Although ATEX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as predictions, estimates or intentions. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this press release.

¹ Please refer to the technical report NI 43-101 titled “Independent Technical Report for the Valeriano Copper-Gold Project, Atacama Region, Chile” by Joled Nur, CCCRRM-Chile and David Hopper, CGeol, with an effective date of September 1, 2023 ., submitted at www.sedarplus.ca on October 25, 2023 for additional information on the 2023 mineral resource estimate for the Valeriano Project.