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MTX.V ·

Metalex Announces Increase IN Private Placement

Financings

METALEX ANNOUNCES INCREASE IN

PRIVATE PLACEMENT

/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN

THE UNITED STATES

OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES./

KELOWNA, BC

,

July 28, 2023

/CNW/ -

Metalex Ventures Ltd.

(TSXV: MTX) announces that,

further to its news release of

July 21, 2023

, it has increased its Offering to a total of

$515,000

from

the previously announced

$350,000

. All other aspects of the Offering remain as disclosed in the

July

21st

news release.

Signed,

Charles Fipke

Charles Fipke

Chairman

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.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/July2023/28/c3930.html

%SEDAR: 00008159E

For further information:

Chad Ulansky, President & CEO, +1-250-860-8599,

[email protected]

CO: Metalex Ventures Ltd.

CNW 21:00e 28-JUL-23