Adex Mining Announces Special Committee and Strategic Review

ADEX MINING ANNOUNCES SPECIAL COMMITTEE AND STRATEGIC REVIEW

Toronto, Ontario – April 25, 2025 – Adex Mining Inc. (“ Adex” or the “Company ”) (TSX‐V: ADE)

announces today that its board of directors (the "Board") has approved the formation of a special committee

of the Board (the "Special Committee"). The mandate of the Special Committee, among other things, is to

review and advise the Board on opportunities and transactions that will maximize shareholder value (the

"Strategic Review"). The Special Committee is comprised of Norman M. Betts and Joe Kin Foon Tai, each

of whom has been determined to be independent of management of the Company. Pursuant to the Special

Committee's mandate and on behalf of the Company, the Special Commit tee may engage an external

advisor or investment bank to support the Special Committee with the Strategic Review.

The Company cautions thar there is no assurance that the Strategic Review will result in any agreements or

transactions and no timetable has been set for the completion of the Strategic Review. The Company will

provide further updates on the Strategic Review , from time to time , if and when there are any material

developments to report.

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 Property, a multi -metal project that

is host to promising tungsten -molybdenum and tin- indium-zinc mineralization. Loca ted in Charlotte

County, New Brunswick, the Mount Pleasant Mine Property is 80 kilometers south of Fredericton, the

provincial capital, and 65 kilometers from 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 achievements 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 comparable 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 uncertainties that could cause actual results, performance or achievements to differ materially

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from those expressed or implied by those forward‐looking statements. These risks and uncertainties are

detailed from time to time, including, without limitation, under 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 plus.ca and to which readers of this press release are

referred for additional 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 which 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, 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 any 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.