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APX.V ·

Apex Resources Announces Resignation of President and CEO

Management Changes

APEX RESOURCES INC.

Suite 500 - 666 Burrard Street

Vancouver, B.C. V6C 2X8

www.apxresources.com

March 16, 2022 TSX Venture Exchange Symbol: APX

Apex Resources Announces Resignation of President and CEO

March 16, 2022, Vancouver, BC – Apex Resources Inc. (TSX-V: APX) (“ Apex” or the

“Company”) announces that Arthur Troup, President, Chief Executive Offi cer and Director has

advised the Board of Directors that he will retire from his rol es as an officer and director

of Apex effective March 31st, for health reasons.

Mr. Troup has served as President and Chief Executive Officer o f Apex Resources Inc. since

June 1997 and has been a Director of the Company since June 199 5. He has over 50 years

experience in the mining industry in North America, Southeast A sia and North Africa working

for Rio Algom, Teck Corporation, Canada Nickel Corporation, Pla cer Dome Canada Limited,

and the Geological Survey of Canada. Mr. Troup will remain as S enior Consultant and Advisor

to the Company.

The Company's Board of Directors would like to thank Mr. Troup for his many years of strong

leadership and technical insights. With variable market condit ions and political environments

over the years, Mr. Troup has inspiringly led Apex through cont inued exploration and

development of its many projects."

The Apex Board has appointed Mr. Jay Roberge as a Director and interim President & CEO of

Apex. Mr. Roberge is Managing Director and founder of Tehama C apital Corp. a boutique

merchant bank based in Vancouver, Canada. Mr. Roberge has served as Executive Management,

and or Director of a number of publicly traded and private comp anies in mining, technology and

energy industries. He has focused on financing companies with a go public strategy in the

Canadian capital markets. He is recognized for his early partic ipation and identification of rare

earth elements and battery metals for their critical geopolitic al and economic importance. Mr.

Roberge is CEO of Pantera Silver Corp. (TSX-V: PNTR), CEO of Ci tizen Mining Corp. and a

Director of Copaur Metals Cor p. (TSX-V: CPAU). In addition, Mr. Roberge is also on the

Advisory of Mines & Money, and a Board Member of Hong Kong Canada Business Association.

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

Arthur G. Troup, P.Eng., President and CEO

For further information please contact:

Marc Lee, Investor and Corporate Communications

Tel: (604) 628-0519 Fax: (604) 628-0446

Email: [email protected] or [email protected]

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

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release 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 expects are forward-

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

such statements are not guarantees of future performance and actual 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 include 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 guarantees of future performance and those actual results or developments may differ

materially from those projected in the forward-looking statements. 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.