MTX.V · 2024-12-02 12:00:00

Metalex Announces Grant of Deferred Share Units

Share Capital & Compensation

METALEX ANNOUNCES GRANT OF

DEFERRED SHARE UNITS

KELOWNA, BC

Dec. 2, 2024

/CNW/ -

Metalex Ventures Ltd

. (TSXV: MTX) (the "

Company

announces that it has granted an aggregate of 300,000 deferred share units ("

DSUs

") to two

independent directors at a deemed price of

$0.05

per DSU. The DSUs were granted in

consideration for services provided by the directors for the quarter ended

October 31

, 2024. The

DSUs were granted under the Company's Deferred Share Unit Plan adopted on

October 11

, 2022.

The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles

the holder to receive one share of the Company, or in certain circumstances a cash payment equal

to the value of one share of the Company, at the time the holder ceases to be a director of the

Company.

Neither 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.

SOURCE

Metalex Ventures Ltd.

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For further information:

For further information please contact: Chad Ulansky, President & CEO,

CO: Metalex Ventures Ltd.

CNW 15:55e 02-DEC-24