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IDEX Metals Announces Filing of Preliminary Short Form Base Shelf Prospectus and Technical Report on the Freeze Property

Financings Corporate Updates

LEGAL_49593303.2

IDEX Metals Announces Filing of Preliminary Short Form Base Shelf

Prospectus and Technical Report on the Freeze Property

Vancouver, B.C. – June 1, 2026 – IDEX Metals Corp. (" IDEX" or the " Company") (TSXV: IDEX;

OTCQB: IDXMF) is pleased to announce that it has filed a preliminary short form base shelf

prospectus (the “Preliminary Shelf Prospectus ”) with the securities commissions in each of the

provinces and territories of Canada.

The filing of the Preliminary Shelf Prospectus is intended to provide the Company with financing

flexibility. Upon a final base shelf prospectus (the “ Final Shelf Prospectus ”) becoming effective,

these filings, subject to securities regulatory requirements, will allow the Company to qualify the

distribution of up to $50,000,000 of common shares, warrants, subscription receipts, debt securities,

or any combination thereof, from time to time over a 25-month period that the Final Shelf Prospectus

remains effective. The specific terms of any future offering of securities (if any) will be set forth in a

shelf prospectus supplement (a “Prospectus Supplement”), which will be filed with the applicable

Canadian securities regulatory authorities in connection with any such offering.

Each Prospectus Supplement will contain specific information concerning, among other matters, the

securities to be issued and the use of proceeds from any such issuance. There is no certainty that

any securities will be offered or sold under the Final Shelf Prospectus and any Prospectus

Supplement within the 25-month period that it is effective. A copy of the Preliminary Shelf Prospectus,

and copies of the Final Shelf Prospectus and any Prospectus Supplements that may be filed in the

future, can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

As previously announced, the Company complet ed a brokered private placement of 20,125,000

special warrants of the Company (“Special Warrants”) at a price of $0.40 per Special Warrant for

aggregate gross proceeds of $8,050,000 on May 5, 2026. Each Special Warrant is exercisable, for

no additional consideration at the option of the holder, into one unit of the Company (each, a "Unit"),

with each Unit being comprised of one common share in the capital of the Company (a “ Common

Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “ Warrant”).

The Company intends to file the Final Shelf Prospectus, and a Prospectus Supplement to the Final

Shelf Prospectus qualifying the distribution of the Common Shares and Warrants to be issued upon

exercise of the Special Warrants, as soon as possible.

Clayton Fisher, CEO of IDEX, commented, “The fi ling of the Preliminary Shelf Prospectus is a

proactive step intended to strengthen IDEX’s capital markets readiness. The preparation and review

process provides an additional level of technic al, legal and financial review of the Company’s

disclosure, while giving IDEX greater financing f lexibility should the need arise. Importantly, the

prospectus does not require IDEX to issue securities; rather, it provides a framework that will allow

the Company to respond quickly to future opportunities and capital requirements as they emerge.”

Technical Report

The Company is also pleased to announce that it has filed a technical report titled “Technical Report

for the Freeze Property” (the “ Technical Report ”) under the Company's profile on SEDAR+ at

www.sedarplus.ca. The Technical Report was prepared in accordance with National Instrument 43-

101 – Standards of Disclosure for Mineral Projects and was authored by a Qualified Person, David

Hladky, P. Geo, the Vice-President of Exploration for the Company.

About IDEX Metals Corp.

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IDEX Metals Corp. is a mineral exploration company focused on advancing a portfolio of base and

precious metal projects in Idaho, USA. IDEX is primarily focused on the exploration and development

of the Freeze Copper-Gold porphyry prospect located in the newly discovered Idaho Copper District,

Washington County, Idaho. With a strategic land position in a top-tier mining jurisdiction and

surrounded by major industry players, IDEX is committed to redefining district-scale exploration in

Idaho.

For more information, please visit https://idexmetals.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Clayton Fisher, CEO & Director

For further information regarding IDEX contact:

Investor Relations

[email protected]

1 (604) 260-0356

Cautionary Note Regarding Forward-Looking Statements

No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the

adequacy or accuracy of the content of this news release. This news release contains forward-

looking statements and other statements that are not historical facts. Forward-looking statements are

often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions

and specifically include statements regarding the anticipated filing of a Final Shelf Prospectus and a

Prospectus Supplement qualifying the distribution of securities upon exercise of the Special

Warrants. All statements other than statements of historical fact, included in this release are forward-

looking statements that involve risks and uncertainties. There can be no assurance that such

statements will prove to be accurate and actual results and future events could differ materially from

those anticipated in such statements. Important fa ctors that could cause actual results to differ

materially from the Company’s expectations include the failure to satisfy the conditions of the relevant

securities exchange(s) and other risks detailed from time to time in the filings made by the Company

with securities regulators. The reader is cautioned that assumptions used in the preparation of any

forward-looking information may prove to be incorrect. Events or circumstances may cause actual

results to differ materially from those predicted, as a result of numerous known and unknown risks,

uncertainties, and other factors, many of which are beyond the control of the Company. The reader

is cautioned not to place undue reliance on any forward-looking information. Such information,

although considered reasonable by management at the time of preparation, may prove to be incorrect

and actual results may differ materially from those anticipated. Forward-looking statements contained

in this news release are expressly qualified by this cautionary statement. The forward-looking

statements contained in this news release are made as of the date of this news release and the

Company will update or revise publicly any of the included forward-looking statements as expressly

required by applicable law.

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.

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