Metalex Announces Grant of Deferred Share Units

METALEX ANNOUNCES GRANT OF

DEFERRED SHARE UNITS

KELOWNA, BC

,

Nov. 13, 2025

/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, 2025

.

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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%SEDAR: 00008159E

For further information:

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

250-860-8599, [email protected]

CO: Metalex Ventures Ltd.

CNW 20:28e 13-NOV-25