Apex Resources Confirms High Grade Gold Assays at Ore Hill

APEX RESOURCES INC.

Suite 2000 – 1066 West Hastings Street

Vancouver, B.C. V6E 3X2

www.apxresources.com

March 18, 2019 TSX Venture Exchange Symbol: APX

Apex Resources Confirms High Grade Gold Assays at Ore Hill

March 18, 2018, Vancouver, BC - Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to

announce that its data compilation for the Ore Hill Property has confirmed the reported 1,500

metres long by up to 150 metres wide gold soil anomaly reported from previous exploration

work. Numerous grab samples returned high -grade gold assays, in cluding 119.0 g/t and 105.0

g/t, demonstrating widespread mineralization on the property. The Ore Hill property is located

15 km east of the community of Salmo in southeastern British Columbia.

Apex has now reviewed historic assessment reports and compiled the recent database and

laboratory assay sheets for the Ore Hill project. The database indicates that in total 90 rock

samples were taken for assay during the three -year period from 2016 to 2018. The previous

operator, Margaux Resources Inc., obtained assays for 88 rock samples in their 2017 -2018

exploration programs. Assays were also obtained for two rock samples taken by the property

vendor in 2016 . The rock sampling database indicates that 35 of the 90 rock samples returned

gold values of 1.0 gram per tonne (g/t) or better. Samples also contained significant silver

values, along with some samples containing significant lead and zinc concentrations.

The following table and figure summarize the 35 samples that assayed greater than 1.0 g/t Au.

Table of Ore Hill Rock Sample Results

Thirty-three samples reported in this release were obtained by Margaux Resources Ltd and were

primarily grab samples collected from outcrop or from the dumps of historic workings. Grab

samples are designed to show the presence or absence of mineralization and to characterize

mineralization. They are not intended to provide a representative indication of average g rade of

mineralization.

Sample Number Year East North Type Gold g/t Silver g/t Lead % Zinc %

8579 2017 489278 5440940 grab 119.00 20.4 0.9 3.4

8587 2017 489687 5441402 grab 105.00 18.1 0.0 0.0

8180 2017 489199 5440662 grab 60.20 53.2 1.5 0.3

8582 2017 489363 5440996 grab 50.50 47.9 2.1 2.1

8183 2017 489198 5440657 grab 48.10 58.4 3.8 2.5

8173 2017 489381 5441046 grab 39.20 31.8 0.9 6.9

8174 2017 489335 5441039 grab 34.70 51.9 3.0 5.3

1499566 2018 489588 5441199 grab 26.95 18.29 0.5 5.9

1499565 2018 489589 5441199 grab 22.64 22.24 1.0 16.5

8583 2017 489362 5440996 grab 16.20 26.9 1.7 22.8

8176 2017 489483 5441128 grab 14.10 41.2 2.3 2.9

8168 2017 489428 5441224 grab 11.70 2.9 0.0 0.0

8170 2017 489467 5441352 grab 11.10 37.3 2.3 17.5

8589 2017 489668 5441356 grab 10.50 4.4 0.1 0.0

1499547 2018 489481 5441216 grab 10.1 65.74 6.2 9.2

1499549 2018 489483 5441128 grab 9.259 10.79 1.0 2.7

1851 2018 489324 5440999 grab 9.13 4.45 0.2 1.4

1499563 2018 489593 5441200 grab 7.544 30.67 2.6 3.4

1499541 2018 489223 5440766 grab 7.304 13.34 0.9 0.4

1499567 2018 489404 5441255 grab 6.8 3.06 0.0 0.0

8171 2017 489488 5441336 grab 6.19 195 18.8 12.0

8585 2017 489649 5441439 grab 4.98 1 0.0 0.1

1499537 2018 489387 4551162 grab 4.94 7.99 0.4 0.1

8578 2017 489277 5440940 grab 4.79 0.9 0.0 0.0

8175 2017 489413 5441093 grab 4.44 498 31.5 8.6

8179 2017 489194 5440654 grab 4.42 14.3 1.1 1.2

OH16_01 2016 489644 5441216 grab 4.21 95.00 12.5 2.3

OH16_02 2016 489644 5441119 grab 3.64 65.00 5.5 5.4

8588 2017 489677 5441355 grab 3.54 2 0.1 0.0

1499687 2018 489421 5441110 grab 2.371 367 20.0 28.2

8169 2017 489421 5441266 grab 2.11 11 0.3 0.0

1499688 2018 489401 5441275 grab 1.536 39.26 3.5 4.7

1499546 2018 489664 5441204 grab 1.186 12.86 1.8 2.9

8167 2017 489428 5441221 grab 1.06 2.9 0.4 0.8

8584 2017 489568 5442255 grab 1.00 0.4 0.0 0.0

Map showing Ore Hill rock sample locations, with gold values posted

The results show that many of the high -grade samples occur along a gold -bearing crackle zone,

up to 10 m wide, associated with a north -northeast-trending fau lt zone. The fault marks the

contact between a quartzite formation and a li mestone formation both of Lower Cambrian age.

Near the north end of the sample area several parallel trends are observed suggesting there may

be multiple shear zones on the property. This style of mineralization is distinctly different from

the narrow high -grade gold veins that were wor ked historically. Historical production from the

Ore Hill property is as follows: Summit: 1,205 tons averaging 0.72 oz/t Au, 1.01 oz/t Ag, 1.25%

Pb, 1.18% Zn and Ore Hill: 2,470 tons averaging 1.15 oz/t Au, 2.19 oz/t Ag, 3.58% Pb, 3.37%

Zn (BC Minfile 82FSW054 & 082FSW053).

The Ore Hill property overlies the south end of the Sheep Creek Gold District (“SCGD”). The

district has historical gold production of 785,000 ounces at an average grade of 14.4 g/t gold

from multiple high -grade orogenic gold veins. The SCGD is the third largest past -producing

orogenic gold district in British Columbia. There are seven major historic gold districts within

the Cordillera Region. They include the Motherlode District in California, the Bralorne, Cariboo,

and SCGD in British Columbia, the Klondike/White Gold District of the Yukon, and the Juneau

and Nome Districts in Alaska. Gold mineralization related to the Cordilleran orogeny has

potential for both high-grade veins and bulk tonnage deposition.

In the historic SCGD , mining was directed at high -grade gold-bearing veins. The bulk tonnage

potential was not previously investigated. Apex has applied for a 5 -year area-based exploration

permit including trenching and diamond drilling on the Ore Hill property.

The contents of this news release have been reviewed and approved by Apex’s consulting

geologist, Perry Grunenberg, P.Geo. Perry Grunenberg is a "Qualified Person" for the purpose of

NI 43-101.

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

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

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.