Apex Resources Amends Jersey Property Agreement

APEX RESOURCES INC.

Suite 615 - 625 Howe Street

Vancouver, B.C. V6C 2T6

www.apxresources.com

January 18, 2023 TSX Venture Exchange Symbol: APX

Apex Resources Amends Jersey Property Agreement

January 18, 2023, Vancouver, BC Apex Resources Inc. ("Apex”) (T S X V : A P X ) i s p l e a s e d t o

announce that it has reached an amended agreement with Mr. Robe rt Bourdon and Mr. Lloyd

Addie (the ‘Optionors’) with regards to the Advance Royalty Payments on the Jersey Property in

southeastern British Columbia. Under the terms of the amended agreement, Apex will issue

500,000 common shares of Apex and ma ke annual advance royalty p ayments of $26,000 to the

optionors, subject to TSX approval.

For information on the Company's projects, visit www.apxresources.com.

Jay Roberge, President and CEO

For further information please contact:

Mike Kordysz, Investor and Corporate Communications

Tel: (604) 319-3171 Fax: (604) 628-0446

Email: [email protected] or [email protected]

This release was prepared by Apex's management. Neither TSX Vent ure Exchange nor its Regulation Services Provider (as the term is defined in

the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or accu racy of this release. This news releas e includes certain

statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address

future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expect s are forward-

looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonabl e assumptions,

such statements are not guarantees of future performance and act ual results or developments may differ materially from those in the forward-

looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements inclu de market prices,

exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any such statements are not guarant ees of future performance and t hose actual results or developme nts may differ

materially from those projected in the forward-looking statemen ts. For more information on Apex, investors should review Apex's filings that are

available at www.sedar.com or Apex's website at www.apxresources.com.