Apex Resources cancels further placement tranche

Mr. Ron Lang reports APEX ANNOUNCES UPDATE ON FINANCING Apex Resources Inc. will not proceed with a further tranche of the non-brokered financing announced in its news releases dated July 25, 2025, and Sept. 3, 2025. The company also intends to raise on a non-brokered financing basis up to $250,000 in flow-through financing that will consist of up to 3,571,429 FT units, priced at seven cents per FT unit. Each FT unit will consist of one flow-through common share plus one-half non-transferable non-flow-through share purchase warrant. Each NFT warrant is exercisable to purchase one additional non-flow-through common share of the company at 10 cents for a period of two years from the date of closing. The FT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). The gross proceeds raised from the issuance of the FT shares will be used by the company to incur Canadian exploration expenses (within the meaning of the tax act). The company reserves the right to accept additional funds or increase the FT financing, subject to regulatory approval, should the FT financing be oversubscribed. The company may pay finders' fees to certain third parties of up to 7 per cent in cash and up to 7 per cent in compensation warrants in connection with the sale of FT units to arm's-length subscribers. Each compensation warrant will entitle the holder to purchase one additional common share of the company at seven cents for a period of two years from the date of closing. Closing of the FT financing and the payment and/or issuance of the finder's fee are subject to TSX Venture Exchange approval, and all securities issued pursuant to the FT financing and the finder's fee will be subject to a four-month-and-one-day hold period from the closing date. About Apex Resources Inc. Apex is a Vancouver-based exploration company with a suite of precious and critical mineral projects and historic mines located in the United States and Canada. The Jersey-Emerald property is wholly owned by Apex and encompasses the historic Jersey lead-zinc mine -- British Columbia's second-largest historic zinc mine -- and the Emerald tungsten mine -- Canada's second-largest historic tungsten mine -- both located in Southern British Columbia. The Lithium Creek project is Apex's flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt and Carson sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek project is strategically located near the city of Reno and within 40 minutes of the principal North American battery hub, hosting the Tesla Gigafactory and other key industry players in the lithium-ion-battery supply chain. We seek Safe Harbor.