Shareholder Press Release

Executive Summary

• Johnathan Dewdney filed an early warning report as his beneficial ownership in IDEX Metals Corp. fell below the 10% threshold following the deemed exercise of special warrants.
• The transaction resulted in the issuance of 20,125,000 common shares and 10,062,500 share purchase warrants, diluting the shareholder's stake from approximately 10.00% to 7.53% on a non-diluted basis.
• The shareholder remains on the board of directors, holds the securities for investment purposes, and has no current intentions to increase or decrease his ownership position.

Key Details

• Transaction Structure: Deemed exercise of 20,125,000 special warrants qualified under a prospectus supplement filed on June 18, 2026.
• Securities Issued: 20,125,000 common shares and 10,062,500 share purchase warrants.
• Pre-Transaction Ownership: 5,741,667 shares, 250,000 warrants, 550,000 options, and 600,000 RSUs (~10.00% non-diluted / ~12.37% partially-diluted).
• Post-Transaction Ownership: 5,841,667 shares, 300,000 warrants, 550,000 options, and 600,000 RSUs (~7.53% non-diluted / ~9.23% partially-diluted).
• Regulatory Impact: Filing submitted under National Instrument 62-103; shareholder is no longer subject to early warning reporting requirements.
• Shareholder Intent: Securities held for investment purposes; no current plans to alter ownership; retains board seat.
• Filing Reference: Early Warning Report available via IDEX Metals Corp.’s SEDAR+ profile (www.sedarplus.ca).