Idex Metals arranges $2-million private placement

Mr. Clayton Fisher reports IDEX METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS Idex Metals Corp. has arranged a non-brokered private placement of up to 3,333,333 units in the capital of the company at a price of 60 cents per unit, for gross proceeds of up to $2-million. Each unit will comprise one common share in the capital of the company and one-half of one share purchase warrant. Each warrant is exercisable to purchase one additional share for a period of 24 months from the closing date at an exercise price of 90 cents per warrant share. "Our first round of drilling at the Kismet target has far exceeded our expectations, and we continue to be impressed by the scale and intensity of mineralization within the breccia complex," said Clayton Fisher, chief executive officer of Idex Metals. "This small, strategic raise is designed to limit shareholder dilution while enhancing our ability to deliver additional catalysts through an expanded drill campaign. Building on our strong phase 1 results so far, we're extending the current exploration program to follow up on key targets and maintain the momentum we've built across the Freeze project." The company intends to use the proceeds from the offering for exploration of its mineral properties in the state of Idaho and for general working capital purposes. Closing of the offering is subject to certain customary conditions, including, without limitation, approval of the TSX Venture Exchange. The securities to be issued under the offering will be offered by way of private placement in such provinces or territories of Canada as may be determined by the company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the offering will be subject to a hold period, which will expire four months and one day from the date of closing of the offering. The company may pay finders' fees on the offering within the maximum amount permitted by the policies of the TSX Venture Exchange. The company may complete multiple closings of the offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. About Idex Metals Corp. Idex Metals is a mineral exploration company focused on advancing a portfolio of base and precious metal projects in Idaho. Idex is primarily focused on the exploration and development of the Freeze copper-gold porphyry prospect located in the newly discovered Idaho copper district, Washington county, Idaho. With a strategic land position in a top-tier mining jurisdiction and surrounded by major industry players, Idex is committed to redefining district-scale exploration in Idaho. We seek Safe Harbor.