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APX.V ·

Jersey Emerald Property Reverts to Apex Resources

Mergers & Acquisitions

APEX RESOURCES INC.

Suite 2000 – 1066 West Hastings Street

Vancouver, B.C. V6E 3X2

www.apxresources.com

October 4, 2018 TSX Venture Exchange Symbol: APX

Jersey Emerald Property Reverts to Apex Resources

October 4, 2018, Vancouver, BC - Apex Resources Inc. ("Apex" or the "Company”) (TSXV: APX)

reports that the Jersey -Emerald lead -zinc-tungsten and gold p roperty has reverted to Apex. Margaux

Resources Ltd. (“Margaux”) has given official notice to Apex that they are terminating the November 13,

2013 Option Agreement to purchase the Jersey Emerald property . Margaux has agreed to forthwith

transfer to Apex, the Property and all of the information and data relating to the Property.

Since entering into the Option Agreement, Margaux has advanced the Jersey -Emerald property with

approximately $3.0 million in exploration expenditures. Margaux has successfully expanded the tungsten

resource and mapped out additional lead -zinc targets in t he Jersey and Wilson Creek areas. Additionally

Margaux has defined an untested gold target in the Summit area along the property’s eastern border.

While working the Jersey -Emerald property , Margaux assembled a sizeable land package in the

surrounding area by staking adjacent land and optioning nearby historic mining properties. Because of an

area of interest clause in the Option Agreement, certain other properties acquired by Margaux since 2013

have also reverted to Apex.

Apex is presently exploring its Y ukon, Mt. Anderson gold property but remains committed to advancing

the exploration and development of the Jersey -Emerald property. Apex geologists will be meeting with

Margaux’s geologists to arrange for the transfer of the property and property informat ion to Apex. 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.