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CANX.V ·

Canex Announces Results of Annual & Special Meeting

Shareholder Meetings

CANEX METALS INC .

SUITE 1620, 734 - 7TH AVENUE S.W., CALGARY , ALBERTA , T2P 3P8

PH: 403.233.2636 FAX : 403.266.2606

NEWS RELEASE: 24-5 AUGUST 6, 2024

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: http://www.canexmetals.ca

CANEX ANNOUNCES RESULTS OF ANNUAL & SPECIAL MEETING

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

August 6, 2024, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks and Blair Schultz

were re-elected to the Board of Directors. Shareholders also approved fixing the number of

directors at five, the appointment of BDO Canada LLP as Auditors 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 several near surface bulk tonnage gold

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

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

deposit in British Columbia. Louise contains a large 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 which 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 present factual information contained herein, the matters set forth in this news release, including words such as

“expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of CANEX

Metals Inc. internal projections, expectations or beliefs concerning, 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 statements

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

periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

These risks and uncertainties include, among other things, those described in CANEX’s filings with the Canadian securities authorities.

Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ

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