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ATEX Announces Appointment of Dr. Raymond Jannas as CEO

Management Changes

ATEX Announces Appointment of Dr. Raymond Jannas as CEO

VANCOUVER, British Columbia, June 10, 2020 - ATEX Resources Inc. (TSXV:ATX) ("ATEX")

is pleased to announce that its Board of Directors has appointed Dr. Raymond Jannas to the

position of President and CEO. Carl Hansen, the current President and CEO, will remain with

ATEX taking on the role of Non-executive Chairman of the Board of Directors.

“On behalf of ATEX’s Board of Directors, I am very pleased to welcome Dr. Raymond Jannas as

the CEO,” said Carl Hansen, Chairman. “Dr. Jannas has an unparalleled wealth of exploration

experience throughout Latin America, having made significant discoveries while working with a

number of major gold companies. We believe that the execution of the ATEX’s business plan

under Dr. Jannas’ leadership will be the best path forward to maximize value for shareholders.”

Dr. Jannas stated: "I am excited to be leading ATEX and working closely with the Board to build

on the initial progress it has made at its Valeriano copper gold project as well as to grow ATEX’s

portfolio of exploration assets in Chile and evaluate expanding to other countries in Latin

America.”

Dr. Jannas’ Biography

Dr. Jannas, a resident of Santiago, Chile, has over 35 years’ experience in the mining geology

and exploration industry focused largely in Chile, Peru, Argentina, Colombia, Mexico and

Venezuela. He has held senior positions with Gold Fields, Barrick Gold, LAC Minerals, Hochschild

Mining and Metallica Resources. Dr. Jannas headed exploration teams that led to the discovery

of major mineral deposits Pascua-Lama, El Morro and Cortadera in Chile, and Choco 10 in

Venezuela. He also was responsible for the acquisition of the Cerro Corona project in Peru for

Gold Fields. Dr. Jannas has a Ph.D. from Harvard University.

In conjunction with his appointment, Dr. Jannas has been granted 250,000 stock options. Each

option has a five-year term and is exercisable at $0.15 per common share.

About ATEX Resources Inc.

ATEX is a minerals exploration company focused on the acquisition, development and

monetization of projects throughout the Americas. ATEX’s flagship property is the Valeriano

copper gold project located in the northern portion of Chile’s prolific El Indio Belt.

On behalf of ATEX Resources Inc.

Carl Hansen, Chairman

For more information, email [email protected] or call 604 684 7160.

Forward Looking Information - This new release may contain forward -looking statements. These

statements are based on current expectations and assumptions that are subject to risks and uncertainties.

Actual results could differ materially because of factors discussed in the management discussion and

analysis section of our interim and most recent annual financial statement or other reports and filings with

the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any

obligation to update any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press

release.