ATEX Resources Inc. announced that its Phase IV drill program has commenced at the Valeriano Project located in Atacama Region, Chile. TWO RIGS CURRENTLY OPERATING - Rigs set up to utilize existing drill holes. 1. ATXD-24 is being completed from where it was suspended at the end of Phase III having intersected 670 metres of 0.84% Copper Equivalent "CuEq" (0.60% Cu, 0.24 g/t Au & 101 ppm Mo) from 1,173 metres, including 312 metres of 1.00% CuEq (0.73% Cu, 0.30 g/t Au and 77 ppm Mo) from 1,530 metres (Company news release July 13, 2023) in the Central Trend and; 2. A daughter hole, ATXD-12A, targeting the western trend, drilling out of historical hole VAL- 12 which intersected 44.0 metres of 0.48 % CuEq (0.30% Cu, 0.16 g/t Au & 110 ppm Mo) from 1,012 metres.

THIRD RIG MOBILIZING - Initial hole to target southern extension of Western Trend with a daughter hole out of ATXD-17 (1,160 metres of 0.78% CuEq (0.53% Cu, 0.28 g/t Au and 70 ppm Mo) including 550 metres of 1.03% CuEq (0.69% Cu, 0.39 g/t Au and 70 ppm Mo) (Company news release June 13, 2022). PHASE IV TARGETING RECORD METERAGE SEASON AT VALERIANO - Full program considers 15,000 to 20,000 metres (Phase III - 12,513 metres) of diamond drilling with ability to expand the program subject to results. BUILDING OFF PHASE III SUCCESS - Phase IV objectives are to further define and extend the High-Grade Porphyry Trends intersected in Phase II and III while also exploring beyond the currently defined dimensions of the mineralized corridor measuring approximately 1.0 X 1.0 kilometers which remains open in all directions.