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IDEX.V ·

IDEX Metals Announces Filing of Prospectus Supplement and Automatic Exercise of Special Warrants

Financings Mergers & Acquisitions

LEGAL_49689641.1

IDEX Metals Announces Filing of Prospectus Supplement and Automatic

Exercise of Special Warrants

Vancouver, B.C. – June 18, 2026 – IDEX Metals Corp. (" IDEX" or the "Company") (TSXV: IDEX;

OTCQB: IDXMF) is pleased to announce that it has filed a prospectus supplement (the “Prospectus

Supplement”) dated June 18, 2026 to its final short form base shelf prospectus dated June 12, 2026,

with the securities regulatory authorities in the provinces of British Columbia, Alberta, Saskatchewan,

Ontario, and New Brunswick in connection with its private placement of 20,125,000 special warrants

(the “Special Warrants”) completed on May 5, 2026 (the “Offering”). The Prospectus Supplement

qualifies for distribution 20,125,000 units of the Company (the “Units”) issuable upon the automatic

exercise of the Special Warrants.

In accordance with the terms of a special warrant indenture dated May 5, 2026, between the

Company and Odyssey Trust Company, as a result of filing the Prospectus Supplement, effective

June 23, 2026, each Special Warrant will be automatically converted into one Unit comprised of one

common share in the capital of the Company (a “ Share”) and one-half of one common share

purchase warrant (each whole warrant, a “ Warrant”). Each Warrant is exercisable to acquire one

Share on or before May 5, 2028 at an exercise price of $0.60 per Share. For further information on

the Special Warrants, please see the Company’s news release dated May 5, 2026, a copy of which

is available on SEDAR+ (www.sedarplus.ca).

The Prospectus Supplement also qualifies the distribution of 1,123,050 common shares in the capital

of the Company (“Broker Warrant Shares ”) issuable upon exercise of 1,123,050 broker warrants

(“Broker Warrants”) issued to Agents in connection with the completion of the Offering. Each Broker

Warrant is exercisable to acquire one Broker Warrant Share at a price of $0.40 per Broker Warrant

Share until May 5, 2028.

About IDEX Metals Corp.

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

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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. 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.