Adex Mining Announces New Great Harvest Loan

ADEX MINING ANNOUNCES NEW GREAT HARVEST LOAN

Toronto, Ontario – May 14, 2018 – Adex Mining Inc. ("Adex" or the "Company") (TSX ‐V: ADE)

announces today that it has entered into a new loan agreement with Great Harvest Canadian

Investment Company Limited, effective March 4 , 201 9, pursuant to which the Company has

obtained, and Great Harvest has agreed to provide, a new unsecured loan (the “New Loan”) in

the principal amount of up to US$6 00,000. The New Loan also bears interest at 8% per annum

and the New Loan agreement also entitles the Company to effect repayment of amounts drawn

under the New Loan at any time prior to maturity, without penalty. The New Loan matures on

March 5 , 20 20. As of March 31, 2019 , US$ 150,000 available under the New Loan had been

drawn by the Company. A copy of the New Loan agreement may be found on the Company’s

SEDAR profile at www.sedar.com.

Great Harvest beneficially owns, directly or indirectly, or exercises control or direction over,

554,468,276 common shares (" Common Shares") of Adex, representing approximately 81.88%

of the issued and outstanding Common Shares. Great Harvest is controlled by Yan Kim Po and

Linda Lam Kwan, both directors of the Company, and is a "related party" of the Company within

the meaning of Multilateral Instrument 61 ‐101 Protection of Minority Security Holders in

Special Transactions (" MI 61-101"). As such, the entry into of the New Loan each constitutes a

"related party transaction" w ithin the meaning of MI 61 ‐101. The Company is relying on an

exemption from the minority approval requirement that applies to related party transactions,

which exemption is available to the Company as: (i) the New Loan comprise s a loan or credit

facility o btained on reasonable commercial terms that are not less advantageous to the

Company than if the loan or credit facility were obtained from a person dealing at arm's length

with the Company; (ii) the New Loan is not convertible into equity or voting securi ties of the

Company or a subsidiary of the Company; and (iii) the New Loan is not repayable as to principal

or interest in equity or voting securities of the Company or a subsidiary of the Company.

The New Loan agreement has been reviewed and approved by a special committee (the

"Special Committee") comprised of members of the Board who are independent of Great

Harvest and are not members of management of the Company. Each of Yan Kim Po, Linda Lam

Kwan and Henry Wong , a director of the Company who is asso ciated with Great Harvest,

abstained from voting with respect to entry into of the New Loan. The Special Committee

determined that it is in the best interests of the Company to enter into the New Loan and have

determined that it is reasonable for the New L oan to be effected fewer than 21 days from the

date of the announcement thereof.

ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced management team.

The Company is focused on developing its flagship Mount Pleasant Mine P roperty, a multi‐

metal project that is host to promising tungsten ‐molybdenum and tin‐ indium‐zinc

mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine

Property is 80 kilometres south of Fredericton, the provincial capital, an d 65 kilometres from

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the United States border. The common shares of Adex trade on the TSX Venture Exchange

under the stock symbol "ADE".

FOR FURTHER INFORMATION, PLEASE CONTACT:

Linda Lam Kwan

Chief Executive Officer

Adex Mining Inc.

1‐647‐243‐8452.

Email: [email protected]

Website: www.adexmining.com

No securities commission or regulatory authority has approved or disapproved the contents of

this press release.

Neither the 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.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward ‐looking" statements which

involve known and unknown risks, uncertainties and other factors which may cause actual

results, performance or achievements of Adex, its subsidiary or the industry in which they

operate to be materially different from any future results, performance or ac hievements

expressed or implied by such forward ‐looking statements. When used in this press release, the

words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will",

the negative thereof or other variations thereon or co mparable terminology are intended to

identify forward ‐looking statements. Such statements reflect the current expectations of the

management of Adex with respect to future events based on currently available information

and are subject to risks and uncert ainties that could cause actual results, performance or

achievements to differ materially from those expressed or implied by those forward ‐looking

statements. These risks and uncertainties are detailed from time to time, including, without

limitation, und er the heading "Risk Factors", in reports filed by Adex with the Alberta, British

Columbia, Ontario, New Brunswick and Nova Scotia Securities Commissions which are available

at www.sedar.com and to which readers of this press release are referred for addit ional

information concerning Adex, its prospects and the risks and uncertainties relating to Adex and

its prospects. New risk factors may arise from time to time and it is not possible for

management to predict all of those risk factors or the extent to w hich any factor or

combination of factors may cause actual results, performance and achievements of Adex to be

materially different from those contained in forward ‐looking statements. Although the

forward‐looking statements contained in this press release are based upon what management

believes to be reasonable assumptions, Adex cannot assure investors that actual results will be

consistent with these forward‐ looking statements. Given these risks and uncertainties,

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investors should not place undue reliance on forward ‐looking statements as a prediction of

actual results. The forward ‐looking information contained in this press release is current only

as of the date of the press release. Adex does not undertake or assume any obligation to

release publicly an y revisions to these forward ‐looking statements to reflect events or

circumstances after the date hereof or to reflect the occurrence of unanticipated events, except

as required by law.