PJX Resources Announces Warrant Extension
TSX VENTURE: PJX.V
OTCQB: PJXRF
PJX RESOURCES ANNOUNCES WARRANT EXTENSION
Toronto, Ontario – November 16, 2023 – PJX Resources Inc. is pleased to announce that, subject to TSX Venture
Exchange appro val, the Company intends to extend the expiry date of 5,802,157 share purchase warrants, (t he
"Warrants") by 12 months to December 5, 2024. The Wa rrants were issued pursuant to a priv ate placement
accepted for filing by the TSX Venture Exchange on December 27, 2019. The Warrants are exercisable at $0. 25 per
share and are currently set to expire on December 5, 2023. All other terms of the warrants, including the exercise
price, remain u nchanged. Upon receipt of the a pproval of th e TSXV of the W arrant Ex tension, a mat erial change
report in respect of the Warrant Extension will be filed by the Company.
A total of 3,383,333 of the affected Warrants are held by parties considered to be “related parties” of the Company.
Therefore, the amendment of Warr ants c onstitutes a “ related party transaction” as contemplated by Multilateral
Instrument 61-101 Protection of Minority Shareho lders in Special Transactions, and TSXV Polic y 5.9 - Protection of
Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval
requirements provided for by these guideline s can be relied upon as the fa ir market val ue of the Warrants held by
insiders does not exceed 25% of the market capitalization of the Company.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity through the
exploration and deve lopment of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper,
nickel). PJX’s pri mary pr operties are locat ed in th e historical Sullivan Mine D istrict a nd Vulcan Gold Bel t nea r
Cranbrook 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
Cautionary Note Regarding Forward-Looking Information
The information in this news release has b een prepared as at the date noted above . Certain statem ents in this news release, referred to
herein as "fo rward-looking s tatements", con stitute "forward -looking statements" under the provis ions o f 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 reas onable b y PJX
Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties a nd
contingencies. Many factors, know n and unknown, could cause actual results to be mater ially different from those expressed or implied by
such forward -looking sta tements. Readers are cautioned not to place u ndue reliance on these forward -looking statem ents, w hich speak
only as of the date made. Except as otherwise required by law, PJX Reso urces 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 i n
events, conditions or circumstances on which any su ch statement is based.
Cautionary Note to US In vestors:
This new s release may conta in inf ormation about adjac ent proper ties on which PJX Resources Inc. has no right to exp lore or min e. W e
advise U.S. investors that the SEC's mining guidelines strictly pr ohibit information of this type in documents filed with the SEC. U.S. investors
are cautioned that mineral depo sits on ad jacent properties are not indicative of miner al deposits on our properties. This n ews release may
contain forward-looking statements in cluding but not limited to comments regarding th e timing and conte nt of upc oming work programs,
geological interpretations, receipt of property titles, potential mine ral 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", "Indica ted", and "Inferred" resources. United States investo rs are advised that wh ile such
terms are recogni zed and required b y Canadia n regulations, t he U nited States Sec urities an d Exchange Co mmission does not recognize
them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, a nd 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 Ca nadian
rules, estimates of Inf erred Mineral Resources may not form the basis of fea sibility or ot her economic studies. United State s investors are
cautioned n ot to assu me tha t al l or any part of Measured or Indicated Mineral Resources will ever be c onverted into Mine ral Reserves.
United States investors are also cautioned not to assume t hat all or any part of a Mineral Resource is eco nomically 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.