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ATEX Resources Inc. Capital/Financing Update 2022

Jun 16, 2022

44177_rns_2022-06-16_54dcad51-3634-4c11-928e-4234726e68d3.pdf

Capital/Financing Update

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ATEX Announces Grant of Stock Options

TORONTO, ONTARIO, June 16, 2022 - ATEX Resources Inc. (TSXV:ATX) (" ATEX ") announces that it granted an aggregate of 1,035,000 stock options with 600,000 granted to directors and officers of ATEX and 435,000 granted to employees and consultants. Each option entitles the holder to acquire one ATEX common share at an exercise price of $0.72 until June 16, 2027.

About ATEX Resources Inc.

ATEX is a mineral exploration company focused on the acquisition, development and monetization of projects throughout the Americas. ATEX’s flagship Valeriano Copper Gold Porphyry Project is located immediately north of the El Indio Mineral Belt in Atacama Region, Chile.

For further information, please contact:

Raymond Jannas, President and CEO Email: [email protected]

Ben Pullinger Senior Vice President Exploration and Business Development Email: [email protected]

or visit ATEX’s website at www.atexresources.com

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this news release.