ATEX Provides Update on Resumption of Operations at Valeriano

• Operational Status: ATEX Resources Inc. has lifted a temporary suspension of activities at its Valeriano Copper-Gold Project in Chile effective April 20, 2026.
• Cause of Suspension: The halt was implemented following a contractor fatality involving a vehicle transporting road maintenance materials approximately 32 kilometers from the project site on April 15, 2026.
• Regulatory Action: Chilean authorities completed their review and lifted the suspension on April 16, 2026.
• Safety Measures: The company has reinforced critical risk controls across logistics and drilling activities and maintained enhanced support services for personnel.
• Current Activity: A phased return to work began immediately following the regulatory clearance.

• Mitigation of Negative Sentiment: The April 15 fatality news was rated "Material - Negative" due to operational stoppage risks. This update resolves that uncertainty, preventing prolonged downtime which could have impacted Phase VI drilling targets and cash burn rates.
• Operational Continuity: Resuming operations is critical for the completion of the Phase VI drill program (targeting 25,000 meters), which has already delivered significant high-grade intercepts in early 2026 (e.g., March 16 results showing 172m @ 0.80% CuEq).
• Market Expectation: The resumption was expected once the investigation concluded without findings of systemic negligence that would permanently halt operations. Therefore, it is not a surprise catalyst but rather a necessary step to maintain project momentum.
• Financial Impact: No immediate financial impact from this specific news item; however, avoiding further delays protects the timeline for potential resource growth and future financing milestones.

• Company: ATEX Resources Inc. (TSXV: ATX | OTCQB: ATXRF).
• Flagship Project: Valeriano Copper-Gold Project, located in the Atacama Region of Chile.
• Project Type: Porphyry copper-gold system with high-grade breccia zones (B2B Zone).
• Resource Estimate: 2025 Mineral Resource Estimate indicates Indicated 475 Mt @ 0.88% CuEq and Inferred 1,511 Mt @ 0.75% CuEq.
• Exploration Status: Phase VI drilling program is ongoing (targeting ~25,000 meters), with significant expansion of the B2B Zone and porphyry corridor confirmed in early 2026.
• Land Package: Expanded to approximately 25,000 hectares following recent acquisitions including Nuevo Horizonte claims.