ATEX Resources Inc. announce the completion of ATXD25, the fourth hole from its Phase IV drill campaign at the Valeriano Copper-Gold Project located in Atacama Region, Chile. Highlights include: ATXD25 intersected mineralized Early Porphyry from 1,550 metres downhole and remained in mineralized EP until the hole was terminated at 2,208.2 metres. ATXD25 confirmed the presence of EP 200 metres west of the EP intersected in ATXD11B (1,342.5m of 0.73% Copper Equivalent "CuEq" (0.46% Cu, 0.31 g/t Au, 43 g/t Mo), "ATEX Intersects 0.73% CuEq over 1,342.5m in Longest Intersection to Date at Valeriano").

And confirmed continuity of mineralized EP in the gap between the Western and Central Trend. Additionally, ATXD17B was completed early at a depth of 1,671 metres after deviating further south than anticipated and intersecting bad ground. This resulted in the hole exiting the target corridor.

ATEX currently has three rigs actively drilling on the project with holes ATXD25A, ATXD26 and ATXD27 currently underway with the aim of testing for continuity of mineralized porphyry between the currently modelled EP trends and extending mineralization further along strike to the north. Results for ATXD25 are expected in mid to late April. Drill holes are collared with a PQ drill bit, reduced to HQ and, sequentially, to NQ as the drill holes progressed deeper.

Drill core produced by the drill rigs was extracted from the core tubes by the drill contractor under the supervision of ATEX employees, marked for consistent orientation and placed in core boxes with appropriate depth markers added. Full core boxes were then sealed before being transported by ATEX personnel to the Valeriano field camp. Core at the field camp is processed, quick logged, checked for recovery, photographed, and marked for specific gravity, geotechnical studies and for assays.

From camp, the core is transferred to a secure core-cutting facility in Vallenar, operated by IMG, a third-party consultant. Here, the core trays are weighed before being cut using a diamond saw under ATEX personnel oversight. ATEX geologists working at this facility double-check the selected two-metre sample intervals, placing the samples in seal bags and ensuring that the same side of the core is consistently sampled.

Reference numbers are assigned to each sample and each sample is weighed. The core trays with the remaining half-core are weighed and photographed. Additionally, core logs are updated, and specific gravity and geotechnical samples are collected.

The remaining core is stored in racks at the Company's secure facility in Vallenar. From Vallenar samples are sent to an ALS preparation facility in La Serena. ALS is an accredited laboratory which is independent of the Company.

The prepared samples were sent to the ALS assay laboratories in either Santiago, Chile and Lima, Peru for gold (Au-AA24), copper (Cu-AA62), molybdenum (Mo-AA62) and silver (Ag-AA62) assays as well as and multi-element ICP (ME-MS61) analysis. No data quality problems were indicated by the QA/QC program.