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CANX.V ·

Canex Announces Results of Annual & Special Meeting

Shareholder Meetings

CANEX METALS INC.

SUITE 1620, 734 - 7

TH

AVENUE S.W., CALGARY, ALBERTA, T2P 3P8

PH: 403.233.2636 FAX: 403.266.2606

NEWS RELEASE: 25-12 OCTOBER 30, 2025

Trading Symbol: TSX Venture- CANX

For Further Information Contact: Shane Ebert at 1.250.964.2699 or

Jean Pierre Jutras at 1.403.233.2636

Web: h ttp://www.canexmetals.ca

CANEX ANNOUNCES RESULTS OF ANNUAL & SPECIAL MEETING

CANEX Metals Inc. (“Canex”) is pleased to report that at its An nual & Special Meeting, held on

October 30, 2025, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes , Gregory Hanks and Blair

Schultz were re-elected to the Board of Directors. Sharehold ers also approved fixing the number

of directors at five, the appoint ment of BDO Canada LLP as Audi tors and ratified Canex’s stock

option plan.

About CANEX Metals

CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing it’s

100% owned Gold Range Project in Northern Arizona. With severa l near surface bulk tonnage

gold discoveries made to date across a 4 km gold mineralized tr end, the Gold Range Project is a

compelling early-stage opportunity for investors. CANEX is also advancing the Louise Copper-

Gold Porphyry Project in British Columbia. Louise contains a la rge historic copper-gold resource

that has seen very little deep or lateral exploration, offering investors copper and gold discovery

potential. CANEX is led by an experienced management team whic h has made three notable

porphyry and bulk tonnage discoveries in North America and is sponsored by Altius Minerals (TSX:

ALS), a large shareholder of the Company.

“Shane Ebert”

Shane Ebert, President/Director

For Further Information Contact:

Shane Ebert at 1.250.964.2699 or

Jean Pierre Jutras at 1.403.233.2636

Web: http://www.canexmetals.ca

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 release.

Except for the historical and pr esent factual information conta ined herein, the matters set forth in this news release, includ ing words such as

“expects”, “projects”, “plans”, “anticipates” and similar expre ssions, are forward-looking information that represents managem ent of CANEX

Metals Inc. internal projecti ons, expectations or beliefs conce rning, among other things, future operating results and various components

thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward-looking stateme nts

necessarily involve known and unknown risks and uncertainties, which may cause CANEX’s actual performance and financial result s in future

periods to differ materially from any projections of future per formance or results expressed or implied by such forward-lookin g statements.

These risks and uncertainties inc lude, among other things, thos e described in CANEX’s filings with the Canadian securities aut horities.

Accordingly, holders of CANEX s hares and potential investors ar e cautioned that events or circu mstances could cause results to differ

materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.