IDEX Metals Provides Corporate and Project Update Following Completion of Go-Public Transaction and Fully Subscribed Financing

IDEX Metals Provides Corporate and Project Update Following Completion of Go-Public

Transaction and Fully Subscribed Financing

Vancouver, B.C. – June 10, 2025 – IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX)

is pleased to provide a corporate and project update following the successful completion of its go-

public transaction via reverse takeover of Goodbridge Capital Corp. and concurrent closing of a

C$5.0 million private placement.

Key Highlights

● Public Listing Completed: Common shares began trading on the TSX Venture

Exchange under the symbol “IDEX”.

● Recently Completed Financing : Raised C$5,010,000 through a private placement at

C$0.50 per unit, with a half-warrant exercisable at C$0.70 for 24 months.

● Three Core Projects in Idaho: Freeze (Cu-Au porphyry; Washington and Adams

County), Amie (epithermal Au-Ag; Owyhee County), and Mineral Mountain (Ag-Pb-Cu

CRD) with over 46,000 acres fully controlled by IDEX.

● Expanded Land Position of Flagship Asset: The Freeze Project land package now

exceeds 31,000 acres with the addition of a 28,000-acre Idaho State mineral lease.

● Fully Funded for 2025 Field Season: Exploration plans include up to 2,500 metres of

diamond drilling at Freeze beginning in Q3 2025, along with a comprehensive program of

geophysics, mapping, and geochemical sampling.

● Expanded Technical & Corporate Team: Appointment of Sharyn Alexander as Vice

President, Corporate Development. Ms. Alexander brings more than 20 years of technical,

investor relations, and capital markets expertise.

“The completion of our go-public transaction and fully subscribed financing marks a major

milestone for IDEX Metals,” stated Clayton Fisher, CEO of IDEX. “With a strong treasury, an

experienced technical team, and a portfolio of highly prospective projects across Idaho, we are

positioned to execute an aggressive exploration program at our flagship Freeze Project. We are

excited to begin drilling in the coming months and advance what we believe is a district-scale

copper-gold opportunity in the newly emerging Idaho Copper Belt.”

Corporate Update and Corporate Strategy

IDEX began trading on the TSX Venture Exchange under the symbol “IDEX”, on the back of

closing the Go-Public Transaction, via reverse takeover of Goodbridge Capital Corp (GODB.P)

(see May 30, 2025, news releases). The recently closed oversubscribed private placement raised

gross proceeds of C$ 5,010,000 issuing 10,020,000 units at a price of C$0.50 per unit (see April

10, 2025, news release). This strong support positions IDEX to move aggressively into the next

phase of its exploration strategy.

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Founded in 2021, IDEX combines grassroots project generation with strategic land acquisition,

with the goal of uncovering new precious and base metal deposits in the State of Idaho. Idaho

presents a favourable political jurisdiction, with corresponding underexplored geology. Over the

past four years, IDEX has deployed over $2.5 million systematically evaluating, exploring, staking

and acquiring a portfolio of over 15 exploration projects across the state of Idaho. The company

intends to advance Freeze, Amie, and Mineral Mountain (Figure 1), while the remaining projects

are available for option to provide non-dilutive value to IDEX.

Figure 1. IDEX Metals properties in Idaho

Freeze Project – Cu-Au Porphyry Target with Discovery Potential

The Freeze Project is IDEX’s flagship asset, located in Washington and Adams Counties, Idaho

(Figure 2). The 100%-owned property now spans 31,000 acres which includes the Kismet

Tourmaline Breccia Pipe, a high-priority drill target identified by historical drilling and surface

sampling.

Situated within the newly emerging Idaho Copper Belt (ICB), the Freeze project lies in a district

that has recently drawn the interest of major industry players including Barrick Gold, Rio Tinto,

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BHP, Electrum and Teck Resources. IDEX also joins Hercules Metals as one of the largest

landholders in the ICB and is located in a favourable geologic setting for porphyry mineralization

(Figure 3).

Figure 2. The Idaho Copper Belt showing the Freeze Project and district land ownership

The ICB is characterized as an uplifted and accreted Mesozoic terrane, approximately 19

kilometres in width. This structure is enveloped by the younger Columbia River Basalt Group. The

area is characterized by a Triassic Intrusive complex, that is host to a series of mineralized

porphyry intrusions that are overlain by a Triassic-Jurassic assemblage of volcanic, volcaniclastic

and sedimentary rocks that have subsequently been moderately tilted to the northwest. As a

result, the assemblage is characterized by a northwest dipping assemblage of volcanic and

sedimentary rocks, with southeast plunging porphyry stocks, breccia pipes and dykes/sills.

The Freeze property displays similar geological characteristics to the Leviathan Copper-

Molybdenum discovery made by Hercules Metals, and the Cuddy Mountain property owned by

Scout Discoveries. The Freeze property remains largely underexplored, with only 13% of the land

package, by area, having been explored to date. IDEX has spent two exploration seasons and

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over $1 million advancing the Freeze project to being drill ready in Q3 2025. Through this work

the company has also delineated the Kismet Tourmaline Breccia Pipe, where historical drilling

intersected a zone of 41.15 m at 0.853% copper 9.14 metres from surface (Hole 4, Tables 1 and

2, from Shannon, 1968).

Figure 3. Geological and structural model of the Freeze Project showing interpreted cross-

section (top) and plan view (bottom)

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The Kismet Tourmaline Breccia Pipe is characterized by a localized phyllic alteration, consisting

of sericite and disseminated pyrite overprinting brecciated clasts of porphyritic intrusive.

Secondary copper minerals are prevalent and occur as malachite with lesser azurite overprinting

primary chalcopyrite. At surface, an oxide zone of hematite / specularite with interstitial tourmaline

also exists. These are primary characteristics of tourmaline breccia pipes which can be associated

with porphyry deposits (Kirwin, 2021).

Table 1. Significant intercepts in historical drill hole 4 at the Kismet Target

Hole ID From (m) To (m) Interval (m) Cu %

Hole 4 9.14 50.29 41.15 0.853

Including 27.43 30.48 3.05 1.796

and 41.45 50.29 8.84 1.872

with 42.37 46.33 3.96 2.731

Table 2. Historical drill hole location at the Kismet Target

Hole ID Easting Northing RL Azimuth Dip Length (m) Year

Hole 4 524487.6 4960802.6 1890.24 0 -90 (vertical) 67.54 1965

Coordinates are NAD83 UTM Zone 11N

Geological Work to Date at Freeze Project

To date, 1,320 soil samples and 119 rock samples have been taken over 2 major grass-roots

exploration campaigns (Figure 4). The preliminary survey was conducted over the United States

Forest Service (USFS) group of claims that encapsulate the Cuddy Mine (CM) Target. Soil

samples were taken at 50 m sample spacing and 200 m line spacings as a first pass to gain an

understanding of the mineralization trends of the Freeze property. Additional soils were also taken

over the Kismet prospect.

The preliminary soil surveys uncovered two major anomalies. On the USFS land, the CM target

displays a ~ 1,500 x 2,000 m copper-in-soil anomaly that trends NE-SW and correlates to a

discrete zone at surface of sericite altered rock. Select samples of rocks showing secondary

copper mineralization (malachite and azurite) from dumps adjacent to shallow historic pits within

this zone, have received results between 0.1 – 3.5% copper . At Kismet, a ~ 500 x 500 m

concentric copper-in-soil anomaly is present. This anomaly is interpreted to represent, in-part,

the surface expression of the known Kismet tourmaline breccia pipe.

Note: Soil sampling surveys are not definitive, and the results are still at an early stage of

interpretation, with no guarantee of a mineral discovery.

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Figure 4. Soil sampling results from the 2023-2024 field seasons displaying percentile values of

copper in soil. The CM Target occurs to the west, and Kismet Breccia Pipe Target is in the east.

At the Freeze project, surface rock sampling also identified an area of gold mineralization (Figures

5 and 6). Significant gold values were obtained from vein-hosted mineralization with intense

sericite alteration accompanied by pyrite and specular hematite. Veins were composed of quartz

and often displayed vuggy textures with commonly oxidized sulphides and locally secondary

copper mineralization. Of 121 rock samples collected, results ranged from trace to the highest

gold value recorded of 33 g/t Au (sample 971793) from a float sample located adjacent to historic

workings. Of the samples collected throughout the target areas, 18 samples yielded results over

1 g/t Au, and other highlights include 12.6 g/t Au (sample 971814), 4.3 g/t Au (sample 971809)

and 3.1 g/t Au (sample 971882), respectively.

Note: Grab samples are selected samples and may not represent true underlying mineralization.

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Figure 5. (A) Sample 971814 showing quartz veining with sericite, pyrite and limonite at the CM

Target. Sample ran 12.6 g/t Au. (B) Representative sample of secondary copper mineralization

at the Kismet Target (unsampled).

Figure 6. Rock sampling results from the 2023-2024 field seasons displaying gold values in grab

samples and percentile values of copper in soil at the Freeze Project.

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Geophysics

An 8 line, 31-line kilometer 3D Induced Polarization (IP) survey, with 200 m line spacing, was also

completed in 2024 by DIAS Geophysical of Vancouver, BC. The survey was focused on the USFS

land component of the Freeze property over the ~1,500 x 2,000 m copper-in-soil anomaly at the

CM target (Figures 7 and 8). Results from the survey revealed a prominent high chargeability

anomaly that is interpreted to correlate with the strong copper-in-soil anomaly. The chargeability

anomaly is flanked by a series of resistive highs that surround the chargeability high and occur

largely within the copper-in-soil anomaly. Together, these geophysical responses are highly

characteristic of phyllic alteration zones surrounding porphyry centers.

The integration of these IP results with surface mapping, geochemistry, and regional structural

interpretations significantly enhances IDEX’s ability to refine and prioritize high-probability drill

targets at the CM target.

Note: Geophysical surveys are not definitive, and the results are still at an early stage of

interpretation, with no guarantee of a mineral discovery.

Figure 7. 400 m depth slice of Chargeability (mV/V) anomalies and copper-in-soils on the CM

Target.