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ADE.V ·

Adex Mining Transferred to TSX Venture Exchange Tier 2

Corporate Updates

ADEX MINING TRANSFERRED TO TSX VENTURE EXCHANGE TIER 2

Toronto, Ontario – October 1 7, 2019 – Adex Mining Inc. ("Adex" or the "Company") (TSX ‐V:

ADE) announces today that its listing on the TSX Venture Exchange (“TSX -V”) has been

transferred from the Tier 1 category to the Tier 2 category effective October 1 8, 2019. The TSX-

V has advised the Company that it does not meet the TSX-V’s Tier 1 Continued Listing

Requirements (“CLR”) at this time. The reclassification of the Company as a Tier 2 issuer will not

result in any change to the Company’s CUSIP or trading symbol, which will remain “ADE”.

ABOUT ADEX

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

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

is 80 kilometres south of Fredericton, the provincial capital, and 65 kilometres 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

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

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

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

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

statements. These risks and uncerta inties 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.se dar.com 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 possib le 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.