Name Change and Consolidation

SULTAN MINERALS INC.

Suite 2000 – 1066 West Hastings Street Vancouver, B.C. V6E 3X2 www.sultanminerals.com

July 15, 2016 TSX Venture Exchange Symbol: SUL

Name Change and Consolidation

The board of Directors of Sultan Minerals Inc. (the "Company"), announces that the Company consolidated its common shares on the basis of one (1) new post-consolidation common share for every ten (10) pre-consolidation common shares effective as of July 18, 2016 (the "Effective Date"). Following the consolidation, the Company has a total of 13,477,202 shares issued and outstanding. As of the Effective Date, the Company also changed its name to Apex Resources Inc.

The consolidated shares will trade under the symbol "APX" on the facilities of the TSX Venture Exchange on July 18, 2016.

Arthur G. Troup, P.Eng., Geological

President and CEO

For further information please contact:

Marc Lee, Investor and Corporate Communications Tel: (604) 628-0519 Fax: (604) 628-0446 Email: [email protected] or [email protected]

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