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PJX.V ·

PJX Resources Announces Amendment to Recently Completed Non-Brokered Private Placement

Financings

TSX VENTURE: PJX.V

OTCQB: PJXRF

PJX RESOURCES ANNOUNCES AMENDMENT TO RECENTLY COMPLETED

NON-BROKERED PRIVATE PLACEMENT

Toronto, Ontario – December 7, 2023 – PJX Resources Inc. announced on November 22, 2023 , that it had closed a

non-brokered private placement and, subject to TSXV Exchange approval, Finders’ fees of $30,337.20 cash and

291,709 Finders’ Warrants would be paid in relation to the completion of the Offering. The TSXV Exchange

has since approved the amount be amended to total Finders’ Fees of $39,331.20 cash and 385,309 Finders’

Warrants respectively. All other details of the private placement are unchanged.

About PJX Resources Inc.

PJX is a mineral exploration company focused on bu ilding shareholder value and community opp ortunity

through the exploration and development of mineral resources wit h a f ocus on gold , silver, and critical

metals including copper, zinc, cobalt, cadmium, indiu m, and others . PJX’s pri mary prop erties are road

accessible, c lose to power, rail , and located in the historical mining area of Cr anbrook and Kimberley,

British Columbia. Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer

(416) 799-9205

[email protected]

Cautionary Note Regarding Forward-Looking Information

The information in this news release has b een prepared as at the date noted above. Certain statements in this news release, referred to

herein as "fo rward-looking s tatements", con stitute "forward -looking statement s" under the provis ions of Canadi an provincial securities

laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking stat ements are necessarily based u pon a number of factors and assumptions that, while c onsidered reasonable by PJX

Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and

contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by

such forward-looking statements. Readers are cautioned not to place u ndue reliance on these forward-looking statements, which speak

only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to

release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.’s expectations or any change in

events, conditions or circumstances on which any such statement is based.

Cautionary Note to US Investors:

This news release may contain information about adjac ent properties on which PJX Resources Inc. has no right to explore or min e. We

advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors

are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may

contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs,

geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future

events and conditio ns and therefore involve inherent risks and unce rtainties. Actual results m ay differ materially from those curr ently

anticipated in such statements.

This press relea se uses the terms "Measured", "Indicated", and "Inferred" resources. Un ited States investo rs are advised that while such

terms are recogni zed and required by Canadia n regulations, the United States Sec urities an d Exchange Commission does not recog nize

them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility.

It cannot be assume d that al l or any p art of an Inferred Mineral Resource will ever be upgraded to a higher category. U nder Canadian

rules, estimates of Inferred Mineral Resources may not fo rm the basis of fea sibility or other economic studies. United States investors are

cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be c onverted into Mineral Reserves.

United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

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.