APX.V · 2019-12-13 12:00:00

Apex Resources Announces BC Securities Commission Technical Disclosure Review

Technical Reports (NI 43-101)

APEX RESOURCES INC.

Suite 2000 – 1066 West Hastings Street

Vancouver, B.C. V6E 3X2

www.apxresources.com

December 13, 2019 TSX Venture Exchange Symbol: APX

Apex Resources Announces BC Securities Commission Technical Disclosure Review

December 13, 2019, Vancouver, BC Apex Resources Inc. ("Apex”) (TSXV: APX) has recently

been selected for a technical disclosure review by the BC Securities Commission. The review

assessed the Company’s disclosure practices and overall level of compliance. The review

identified two material deficiencies related to 2013 and 2016 filings that lead to the Company

being placed on the Commission’s Issuers in Default list. Both issues require that the Company

must file an independent NI 43-101 compliant technical report.

In its News Release dated April 11, 2013 the Company disclosed an increase in mineral

resources on its Kena Project related to a resource update reported by the Company’s joint

venture partner. Prior to disclosing the resource update Apex should have verified the resource

and filed an independent technical report.

In its MD&A filed on May 26, 2016 the Company disclosed an increase in tungsten resources on

its Jersey Emerald Project related to a resource update filed by another operator. Prior to

disclosing the resource update Apex should have verified the resource and filed an independent

technical report.

The updated resource estimates discussed above for the Kena-Daylight and Jersey Emerald

projects are presently not supported by compliant NI 43-101 technical reports prepared for Apex

Resources Inc. These two resource estimates should not be relied upon until they have been

verified and supported by independent NI 43-101 compliant reports. Apex is in conversations

with consulting firms to review these previously indicated resource estimates. Compliant updated

NI 43-101 Technical Reports are expected to be completed early in the New Year.

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