Surface work confirms Cu-Mo-Au mineralization, classic porphyry type style-alteration, and active gold workings, reinforcing district-scale upside at Quimbaya’s flagship project in Colombia.

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Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to report the identification of a large, multi-kilometer Cu-Mo-Au porphyry-style target at surface within its 100%-owned Tahami Center Project in Antioquia, Colombia. Located approximately 2.5 kilometers northeast of the Company’s active drill program at Tahami South, the target spans a 2.0 by 1.4-kilometer footprint and exhibits hallmark porphyry characteristics confirmed by surface mapping, mineralogy, and geochemical anomalies.

Importantly, multiple artisanal gold workings are active within the footprint, confirming near-surface gold mineralization and reinforcing the system’s potential as a preserved porphyry system with a vertically zoned epithermal overprint.

Key Highlights

• Large Surface Footprint: 2.0 km x 1.4 km target with preliminary mapped porphyry-style alteration and veinlets.
• High-Sulfidation Epithermal Overprint: Presence of a preserved lithocap with advanced argillic alteration (alunite-pyrophyllite-dickite-kaolinite) confirms a high-sulfidation system at surface. These environments are globally recognized for hosting high-grade gold zones and often occur above or adjacent to copper-gold-molybdenum porphyry systems, supporting the interpretation of a vertically zoned, mineralized system.
• Complete Porphyry Signature: Potassic (biotite-magnetite), quartz-sericitic and advanced argillic zones confirmed by Terraspec analysis.
• Veinlet Suite: Full porphyry veinlet sequence (A, M, EB, B, D) identified across multiple stations.
• Surface Mineralization: Copper oxides, molybdenite, chalcocite, chalcopyrite and copper sulfates (chalcanthite, brochantite) observed in outcrops.
• Preliminary Geochemistry: Preliminary rock channels with 2.10m @ 0.12% Cu, 301 ppm Mo, 0.10 g/t Au; stream sediments return up to 304.5 ppm Cu, 66 ppm Mo, 0.29 g/t Au, and gold in pan.
• Strategic Location: Within the same corridor as Aris Mining’s Segovia operations and just 2.5 km from Quimbaya’s current drill pads.

Figure 1. District Location Map: Tahami South Project and Tahami Center Project.

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‘This kind of result doesn’t come as a surprise, it’s the outcome of years spent assembling a high-quality portfolio in a region we know well,’ said Alexandre P. Boivin, CEO of Quimbaya Gold.

‘What we’re seeing at surface, including artisanal mining within the footprint, is a direct reflection of the geological potential we believed was there from the beginning. The fact that it’s so close to where we’re actively drilling at Tahami South makes it a natural extension of our exploration work and a testament to the strength of the entire Quimbaya team.’

Contextual Significance

Colombia is globally recognized for its high-grade epithermal gold veins, particularly in the Segovia belt, but porphyry systems, especially those with Cu-Mo-Au potential, remain one of the country’s most underexplored geological domains. The scale, preservation, and surface expression of the mineralized system at Tahami suggest a rare geological setting with clear exploration potential. With one of the few consolidated land positions in the region, Quimbaya is well positioned to advance porphyry and high-sulfidation exploration in one of Colombia’s most productive gold districts.

Technical Overview

Surface mapping and geochemical sampling have delineated a porphyry type system consistent with preserved high-level mineralization.

• Alteration Zonation:
  • Potassic Sodic: Biotite-magnetite ± Albite
  • Phyllic overprint: Quartz-sericite
  • Advanced argillic lithocap: Alunite-pyrophyllite-dickite-kaolinite, confirmed by Terraspec (Universidad Nacional de Colombia)
• Veinlet Types:
  • A, M, EB, B, and D veinlets mapped, consistent with well-developed porphyry systems.
• Mineralization Observations:
  • Chalcopyrite, chalcocite, molybdenite in outcrops
  • Secondary copper sulfates (chalcanthite, brochantite) at surface
  • Visible gold observed during stream sediment panning

Figure 2. Preliminary geochemistry: the first two prospects have been identified in the property related with high mineralisation of copper/molybdenite and epithermal gold veins.

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Table 1. Robusta Prospect underground channel rock sampling highlights

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* Pending assay results for 54 meters of underground channel rock samples

Table 2. Stream sediments sampling highlights

 

* Pending multi-element assay results for 8 stream sediment samples

Figure 3. Porphyry Footprint outcrops with strong alteration zones, and porphyry type veinlets.

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‘Identifying a textbook porphyry system with visible copper and molybdenite at surface, and active gold extraction from epithermal veins strongly validates our district-scale model at Tahami,’ said Ricardo Sierra, VP Exploration of Quimbaya Gold. ‘The alteration zoning, veinlet architecture, and early geochemical signatures are highly consistent with porphyry copper systems globally.’

Figure 4. Porphyry Footprint outcrops with strong Advance Argillic alteration and quartz-sericitic alteration.

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Figure 5. Porphyry type veinlets stockwork and mineralisation. Chalcopyrite (Cpy), Chalcocite (Cc), Chalcanthite (Chal), Brochantite (Bro), Magnetite (Mt).

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Sample preparation and analysis

Quimbaya Gold used SGS laboratory to prepare and assay samples collected on the Tahami Project. These include SGS Medellin and SGS Peru for preparation and analysis. SGS preparation and Fire Analysis in the SGS laboratory in Medellin Colombia, and SGS multielement analysis located in Peru.

Rock samples delivered to SGS were prepared in Medellin, samples were received and labelled, dry at 100°C +- 5°C, primary crushing in a jaw crusher to 95% passing 20 mesh, secondary crushing with roll mill ant slow revolution, cleaning with compressed air and quartz, with 85% passing 10 mesh, with every 10 sampled control and granulometry, riffle split coarse crushed sample in jones splitter, to extract 250 to 500 gr; Pulverization of samples is completed in a ring mill, with >95% passing 140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313 and FAG303 method, and multielement analysis in Peru using ICP40B0 method.

Stream sediments samples delivered to SGS were prepared in Medellin, samples were received and labelled, previously air drying (inhouse) and dry at 60°C +- 5°C, 100% passing -80 mesh; pulverization of samples is completed in a ring mill, with >95% passing -140 sieve and cleaning with clean sand. Samples were assayed for Fire Assay for Au in Medellin using FAA313, FAG303 and AAS12C method, and multielement analysis in Peru using ICP40B, in line with QA/QC best practices.

The insertion rate is acceptable for CRM’s, field duplicates and blanks. Quimbaya Gold procedures require 7 blanks, 3 duplicates and 3 CRM’s (OREAS 501d, OREAS 506) per 104 samples submitted for the current Batch_031, Batch_032 and Batch_035. To date Quimbaya Gold an insertion percentage of 12.5%, sufficient to judge the quality of sampling and assaying. The author reviewed QAQC and expresses satisfaction that they generally demonstrate a high degree of accuracy at the assaying SGS laboratory. Standard deviations were used as control gates for submitted CRM’s (3x and 2x).

Qualified Person

Quimbaya’s disclosure of technical and scientific information in this press release has been reviewed and approved by Ricardo Sierra (AusIMM), the Vice President Exploration for the company, who serves as a Qualified Person under the definition of National Instrument NI-43 101.

Regulatory Disclosure Update

Further to the Company’s news release dated September 22, 2025, Quimbaya Gold Inc. wishes to clarify and amend its previous disclosure regarding investor relations and promotional activity, in accordance with CSE Policy 7.3(1). The Company has entered into agreements with three independent third parties. CEO.CA Technologies Ltd. (1600 – 595 Burrard Street, Vancouver, BC V7X 1L3, Canada; info@ceo.ca; 1-800-665-5300) was retained to provide sponsored banner placements and digital awareness campaigns on www.ceo.ca for a term of three months beginning September 18, 2025, for a total cash consideration of C$15,000. TNM Media Group (The Northern Miner, 365 Bloor Street East, 16th Floor, Toronto, Ontario M4W 3L4, Canada; info@northernminer.com; 416-510-6789) was engaged to deliver sponsored content, banner advertising, and investor outreach across its digital platforms at www.northernminer.com, beginning September 20, 2025, for a four-month term and total compensation of C$20,000. Lastly, Spark Newswire Inc. (Suite 800, 885 West Georgia Street, Vancouver, British Columbia V6C 3H1, Canada; steve@sparknewswire.com; 647-800-1885) was contracted to amplify press releases and conduct promotional marketing through targeted financial media and digital channels, commencing September 18, 2025, for a period of four months and total compensation of US$75,000. Spark’s distribution platforms include www.sparknewswire.com, its affiliate www.spartantrading.com, and major newswire distribution services such as PR Newswire (www.newswire.ca), Cision (www.cision.ca), and GlobeNewswire (www.globenewswire.com). None of these service providers hold any securities or options in Quimbaya Gold Inc., and all engagements are conducted on a fully independent basis.

About Quimbaya

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Cautionary Statements

Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268861

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) pleased to announce its immediate entry into the sodium nickel chloride (SNC) (or previously referred as sodium alumina solid state (SAS)), battery market in Australia, Europe and United States of America through a strategic collaboration and distribution agreement with the current largest SNC battery manufacturer AMPower, a subsidiary of the Chilwee Group.

Highlights

– Altech signs collaboration agreement with AMPower for early market entry into Europe, Australia and the USA

– AMPower presently produces conventional zebra design sodium nickel chloride batteries for Uninterrupted Power Supply (UPS) and are developing BESS and traction batteries

– Altech’s CERENERGY(R) batteries use the same sodium nickel chloride chemistry, but are especially designed for high performance energy storage systems (ESS)

– Altech and AMPower will cooperate on sodium nickel BESS development. Each partner will have the authority to distribute the co-developed BESS under its own brand

– AMPower will manufacture energy storage packs in accordance with Altech specifications and supervision under Altech branding and distribution

– Altech gains immediate market entry and presence for sodium nickel chloride batteries to establish its energy storage battery market especially in Europe and Australia

– CERENERGY(R) cell technology I/P will not be shared with AMPower

– Altech’s CERENERGY(R) 120 MWh battery project development in Germany remains on track

– Preliminary funding approval from the German Government for 46.7 million Euro having been received

Chilwee is the third largest e-mobility battery manufacturer in China, with an annual turnover of US$20 billion, 23,000 employees, and production capabilities spanning lead-acid, lithium-ion, sodium-ion, and next-generation battery technologies. AMPower currently manufactures conventional Zebra-type sodium nickel chloride (Na/NiCl2) solid-state batteries-using the same chemistry as CERENERGY(R)-but mainly for the small Uninterrupted Power Supply (UPS) industrial market. AMPower was originally established as a joint venture with General Electric to produce sodium nickel chloride UPS batteries under the Durathon brand.

In the initial phase, AMPower will produce sodium nickel chloride solid state UPS batteries for Altech which will be under Altech brand, supervision and specification for distribution across Australia, Europe, and the USA. This strategy provides a faster pathway to cash flow for Altech.

This will strengthen the market presence and branding of Altech while the company advances and secures funding for its CERENERGY(R) 120 MWh energy storage project in Germany.

Several battery models that will be offered by Altech immediately are shown above. These sodium nickel chloride UPS batteries are completely fireproof, featured long cycle life, and operate reliably in both extreme heat and cold. A key advantage of these sodium nickel chloride UPS batteries is their capacity to stay fully charged, idle, and instantly ready for discharge for more than 10 years-without the need for regular maintenance or the frequent replacements required by leadacid, lithium-ion or Ni-Cad batteries. These UPS batteries also serve a unique niche in explosion-proof environments or locations where lithium-ion batteries are restricted or banned. To capture this market, Altech has recruited a team of experienced marketing professionals to drive the sales process.

ESS Batteries

In the second phase, AMPower, with its available production capacity, intends to manufacture sodium nickel chloride batteries for the household, industrial, and grid-scale energy storage markets.

AMPower currently has a production capacity of approximately 100 MWh per annum, with the ability to scale up to 200 MWh per annum. Altech and AMPower will cooperate on small and medium size sodium nickel BESS development. Each partner will have the authority to distribute the codeveloped BESS under its own brand. AMPower will produce sodium nickel chloride BESS for Altech, under Altech brand and sales managed by Altech in the three key markets Europe, Australia and the USA. This arrangement will generate additional cash flow over and above the UPS sales, while building product credibility and brand recognition, paving the way for the CERENERGY(R) 120 MWh large scale industrial energy storage project in Germany.

This collaboration fast-tracks the commercialisation of Altech’s sodium nickel chloride (Na/NiCl2) solid-state battery technology, enabling immediate production of Altech-branded battery packs to meet growing customer demand, reinforced by strong interest from existing offtake partners. Crucially, the arrangement excludes any transfer or sharing of Altech’s proprietary IKTS CERENERGY(R) battery cell technology with AMPower, ensuring complete protection of Altech’s intellectual property. And vice versa, AMPower will not transfer or share AMPowers Durathon(R) battery cell technology with Altech, ensuring complete protection of the intellectual property of GE and Chilwee.

Under the agreement, AMPower will manufacture the battery cells, integrate the battery management and thermal systems, and assemble the grid-ready battery packs. AMPower will also provide customers with the required warranties and performance guarantees for the grid systems. Altech will define the technical specifications and operational modes tailored to a range of energy storage and BESS applications, while overseeing production, branding, regional certifications, marketing, and distribution across Europe, the United States, and Australia. All products produced by AMPower on requirements of Altech will be marketed under the Altech brand and interface, and will comply with international battery standards. This collaboration positions Altech to fast-track its entry into the grid battery market and establish an immediate commercial presence across its key regions.

BENEFITS FOR AMPOWER

AMPower’s current facility is operating at an annual production rate of approximately 100 MWh, primarily supplying the small-scale UPS commercial market with 20-30 kWh battery units. The company has the ability to scale production to 200 MWh per annum with minimal additional capital investment. By supplying Altech’s grid-scale battery packs, AMPower will be able to substantially increase its individual cell production volumes, unlocking greater economies of scale and reducing overall unit costs. Altech will provide the sales expansion needed to drive this market entry and support the ramp-up of AMPower’s operations.

BENEFITS FOR ALTECH

Altech’s new go-to-market strategy is designed to accelerate commercial progress and operational readiness while delivering early financial returns. By launching UPS and grid-scale battery packs ahead of commissioning its CERENERGY(R) plant in Germany, Altech will establish a steady revenue stream to offset operational costs and reduce reliance on external funding during the transition to full-scale production. Early market entry enables Altech to build a customer base across key regions-including Australia, Europe, and the United States-while strengthening brand recognition and market credibility.

This first-mover advantage also mitigates risks from competing battery technologies, as Altech’s sodium nickel chloride (Na/NiCl2) batteries gain real-world application experience ahead of rivals.

The collaboration further provides Altech with direct exposure to battery production and systems integration, offering hands-on experience in areas such as BESS assembly, energy management systems, and system thermal control. These practical insights will support the refinement and optimisation of Altech’s CERENERGY(R) battery packs.

SAME CHEMISTRY – ORIGINAL TECHNOLOGY

ZEBRA cells originally designed in the early 90s employ the same sodium nickel chloride (Na/NiCl) cell chemistry that forms the basis of Altech’s CERENERGY(R) technology, however with an entirely different geometry and use profile. This proven chemistry is inherently non-flammable, highly tolerant of extreme temperatures, and delivers long cycle life with stable performance. ZEBRA batteries are particularly well suited for UPS systems and smaller energy storage applications.

CERENERGY(R) represents the next generation of sodium nickel chloride technology, featuring an advanced tubular design that enhances thermal management, improves electrochemical efficiency, and delivers higher energy density beside simplifying the manufacturing process whilst increasing quality, reliability and performance. Its simplified architecture reduces inactive material, substantially lowers system costs, and increases reliability-making it a scalable and robust solution for grid – scale stationary energy storage. Notably, the new cell design delivers a 2.6-fold increase in capacity, rising from 38 Ah to 100 Ah, marking a significant leap in performance. In addition CERENERGY(R) feature a number of other improvements in terms of material composition, electrode design and composition, which are part of the confidential IP and shall not be publicised.

Importantly, the cooperation with AMPower ZEBRA UPS batteries followed by small and medium size energy storage systems with the branding of Altech helps build market acceptance of sodium nickel chloride technology while fully complementing, rather than competing with, the development of the CERENERGY(R) grid scale battery storage production project in Germany.

Altech Group Managing Director Iggy Tan said:

‘Altech is experiencing exceptional interest in our sodium nickel chloride solid-state battery technology, especially from customers seeking safer, more reliable alternatives to lithium-ion. These batteries are inherently fireproof, perform reliably in extreme temperatures, and offer strong environmental credentials – making them an ideal fit for the needs of the stationary energy storage market. Growing concerns over battery fire risks, particularly in data centres and AI facilities, are further accelerating demand. Our collaboration with AMPower enables immediate production, and our offtake customers are eager to secure supply. With special focus on UPS as well as small and medium size energy storage this early market entry strategy is augmenting and not competing with the large scale grid energy storage Cerenergy Battery strategy. By moving quickly to meet this demand, Altech is positioning itself as a leader in what we see as the next major wave in battery storage innovation.’

To view details of the Agreement, please visit:
https://abnnewswire.net/lnk/PEUQAPMZ

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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Mustang Energy Corp. ( CSE: MEC, OTC:MECPF, FRA:92T ) (the ‘ Company ‘ or ‘ Mustang ‘) announces that, in connection with Skyharbour Resources Ltd. (TSX-V: SYH), it has staked an additional claim on its 914W Uranium Project.

The new claim (MC00022913) totals 1182.25 ha and is located immediately to the east of the original 914W claim. It has seen only minimal modern exploration, being partially covered by the same 2005 VTEM (southern half) and 2007 Tempest TDEM surveys (north half) as MC00017142, with lake sediment sampling also being done on the claim in 2007. Historical exploration on the claim included airborne EM, magnetic, and radiometrics surveys in 1969 and 1976, with prospecting, geological mapping, lake sediment and radon sampling, also taking place in 1969 and 1976.

About Mustang Energy Corp.:

Mustang Energy is a Canadian mineral exploration company focused on the discovery and development of high-potential uranium and critical mineral assets. The company holds a portfolio of 147,153 hectares of strategically located properties in Saskatchewan’s Athabasca Basin—one of the world’s premier uranium districts. Mustang is advancing early-stage exploration through modern techniques and a disciplined, data-driven approach. The Company is committed to building long-term value through responsible exploration and a focus on high-impact targets in underexplored areas.

For further information, please contact:

Mustang Energy Corp.

Attention: Nicholas Luksha, CEO and Director
Phone: (604) 838-0184

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Apex Resources Inc. (TSXV: APX) (OTCID: SLMLF) (‘Apex’ or the ‘Company’) announces that the Company will not be proceeding with a further tranche of the non-brokered financing (the ‘Financing’) announced in its news releases dated July 25, 2025 and September 3, 2025.

The Company also announces that it intends to raise on a non-brokered financing basis up to $250,000 in flow-through funding (the ‘FT Financing’) that will consist of up to 3,571,429 FT Units (the ‘FT Units’), priced at $0.07 per FT Unit. Each FT Unit will consist of one flow-through common share (the ‘FT Share’) plus one-half (1/2) non-transferable non-flow-through share purchase warrant (each whole warrant, a ‘NFT Warrant’). Each NFT Warrant is exercisable to purchase one additional non-flow-through common share of the Company (the ‘NFT Warrant Share’) at $0.10 for a period of two years from the date of closing.

The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘). The gross proceeds raised from the issuance of the FT Shares will be used by the Company to incur ‘Canadian exploration expenses’ (within the meaning of the Tax Act). The Company reserves the right to accept additional funds or increase the FT Financing, subject to regulatory approval, should the FT Financing be oversubscribed.

The Company may pay finder’s fees to certain third parties of up to 7% in cash and up to 7% in compensation warrants (the ‘Finder’s Fee’) in connection with the sale of FT Units to arm’s length subscribers. Each compensation warrant will entitle the holder to purchase one additional common share of the Company at $0.07 for a period of two years from the date of closing.

Closing of the FT Financing and the payment and/or issuance of the Finder’s Fee are subject to TSX Venture Exchange approval and all securities issued pursuant to the FT Financing and Finder’s Fee will be subject to a four-month and one day hold period from the closing date.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

About Apex Resources Inc.

Apex is a Vancouver-based exploration company with a suite of precious and critical minerals projects and historic mines located in the United States and Canada.

The Jersey-Emerald Property is wholly owned by Apex and encompasses the historic Jersey Lead-Zinc Mine – British Columbia’s second largest historic zinc mine, and the Emerald Tungsten Mine – Canada’s second largest historic tungsten mine, both located in southern British Columbia.

The Lithium Creek Project is Apex’s flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt, and Carson Sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek Project is strategically located near the City of Reno and within 40 minutes of the principle North American battery hub, hosting the Tesla Gigafactory and other key industry players in the Lithium Ion battery supply chain.

On Behalf of the Board of Directors of

Apex Resources Inc.
Ron Lang,
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur, including but not limited to, closing of the FT Financing. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund exploration work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Project; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of environmental contamination or damage resulting from Apex’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268813

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