Toronto, Ontario – October 23, 2025 – PJX Resources Inc. (“PJX” or the “Company”) is pleased to announce, subject to the approval of the TSXV Exchange, the Company intends to extend the expiry date of 21,610,038 share purchase warrants, (the “Warrants”) by 12 months to November 23, 2026. The Warrants were issued pursuant to a private placement accepted for filing by the TSX Venture Exchange on November 24, 2023. The Warrants are exercisable at $0.20 per share and are currently set to expire on November 23, 2025. All other terms of the warrants, including the exercise price, remain unchanged. Upon receipt of the approval of the TSXV Exchange, a material change report will be filed by the Company.
A total of 726,380 of the affected Warrants are held by parties considered to be “related parties” of the Company. Therefore, the amendment of Warrants constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 – Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants held by insiders does not exceed 25% of the market capitalization of the Company
Exploration Update
Drilling and surface exploration this year to discover the stratigraphy hosting Sullivan deposit style and grade zinc, lead, silver, cobalt, and gold mineralization found in boulders at the base of a mountain slope on the Dewdney Trail Property has been completed. Core and rock samples have been sent for analysis. All the results will not be received and compiled prior to the warrant expiration date. For this reason, the Company decided to extend the warrants for one year to provide shareholders with the potential opportunity to exercise their warrants.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver, zinc, lead, copper, cobalt and other critical metals. PJX has consolidated 100% of the mineral rights to the largest land package (790 km²) in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia. PJX has developed a pipeline of more than 15 priority targets to be tested by PJX and/or companies interested in partnering to test often road accessible drill ready targets with gold, silver, copper, zinc and other critical metal deposit potential. Please refer to our web site http://www.pjxresources.com for additional information.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
