Apex closes $400,000 first tranche of financing

Mr. Ron Lang reports APEX CLOSES $400,000 FINANCING Further to the news release dated July 25, 2025, Apex Resources Inc. has closed the first tranche of its non-brokered financing with the issuance of eight million non-flow-through units at a price of five cents per NFT unit for gross proceeds of $400,000. Each NFT unit is composed of one common share of the company and one-half non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of 10 cents per warrant share for a period of two years expiring on Aug. 29, 2027, subject to the acceleration provision (as defined below). If, at any time prior to the expiry date, the company's common shares trade at or above a price of 20 cents per common share on the TSX Venture Exchange for a period of 10 consecutive trading days commencing on Dec. 31, 2025, the company may, at its option, accelerate the expiry of the warrants by issuing a press release announcing such acceleration, and, in such case, the expiry date shall be deemed to be the 30th day following the date of issuance of the acceleration press release. The securities issued pursuant to the first tranche are subject to a four-month-and-one-day hold period expiring Dec. 30, 2025. Certain insiders of the company acquired $150,000 of the financing, and, as such, a portion of the financing is considered a related-party transaction as defined in the exchange's Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying upon the exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the shares subscribed for, nor the consideration paid for the shares exceeds 25 per cent of the company's market capitalization. Proceeds from the first tranche will be used to finance the company's projects and for general working capital purposes. No finders' fees were paid in connection with the closing of the first tranche. The company intends to continue with the rest of the financing as announced on July 25, 2025. Completion of subsequent tranche(s) of the financing remains subject to approval by the exchange, and all securities issued under any subsequent tranche(s) will be subject to a four-month-and-one-day hold period calculated from the date of closing of such subsequent tranche(s). About Apex Resources Inc. Apex is a mineral exploration company engaged in the business of the acquisition, exploration and development of mineral resource properties. Apex's common shares trade under the symbol APX on the TSX Venture Exchange and under SLMLF on the OTCID. Apex has an option to acquire the Lithium Creek project 70 kilometres east of Reno, Nev. The project is a new, district-scale exploration project that has never been systemically explored or drill tested for lithium brines. The project covers approximately 8,240 acres and adjacent lands within the aerially extensive Fernley and Carson sinks. These sinks have large expansive playas and lay within large hydrographic basins with a combined area of approximately 1.4 million acres. The project is located within 30 minutes of the Nevada lithium battery hub of the Tahoe-Reno industrial centre through Interstate Highway I-80, and is ideally located and supported by extensive infrastructure to include existing roads, railway access, fibre optics and geothermal power. TRIC is a privately owned 107,000-acre (167-square-mile or 430-square-kilometre) industrial park, located in Storey county, east of Reno, Nev. The centre is the largest in the United States (third largest in the world) and is home to more than 100 companies and their warehouse logistics centres and fulfilment centres such as PetSmart, Home Depot, Walmart and others. The Gigafactory Nevada was built there to serve Tesla Inc. and Panasonic. We seek Safe Harbor.