Mr. Ron Lang reports

APEX CLOSES FIRST TRANCHE OF FINANCING

Further to its news release dated Jan. 3, 2025, Apex Resources Inc. has closed the first tranche of its non-brokered financing with the issuance of 3.8 million units at a price of five cents per unit for gross proceeds of $190,000.

Each unit comprises one common share of the company and one non-transferable common share purchase warrant. Each 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 Feb. 10, 2027, subject to the acceleration provision (as defined herein).

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 four months plus one day after the date of issuance of the warrants, 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 June 11, 2025.

The company intends to continue with the remainder of the financing to raise aggregate gross proceeds of up to $750,000. The completion of any 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 the date of closing of such subsequent tranche(s).

About Apex Resources Inc.

Apex is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties.

Apex has an option to acquire the Lithium Creek project, located 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 Center (TRIC) via 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/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 and Walmart. The Gigafactory Nevada was built there to serve Tesla Inc. and Panasonic.

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