Announcement • Jun 03
Ptx Metals Advances Shining Tree Gold Project with Start of Drilling At Priority Ronda Target PTX Metals Inc. announced advancing the next phase of its exploration activities at the Shining Tree Project, located south of Timmins in Ontario's gold belt, with drilling now underway at the priority Ronda Target. The program follows several years of technical work that has strengthened the Company's understanding of the property's geological potential and identified multiple opportunities to expand known gold and base metal mineralization within a broader emerging district-scale exploration corridor. The Ronda Target is considered a priority drill location and will follow up on the previously sampled, 2024 trench program that returned up to 60.30 g/t gold over 1.0m and an average of 9.0 g/t gold over 16.0m of continuous channel sampling sub-parallel to the mineralized corridor. The Phase 1 program consists of approximately 1,250 meters of diamond drilling (6 holes) designed to test the Ronda target at depth and along strike. Alongside drilling, the Company will continue advancing regional target generation efforts aimed at identifying additional zones of mineralization across the property and supporting long-term growth potential within the district where historic copper mineralization of 3.93% copper and 71.2 g/t silver was discovered. Recent geological mapping, sampling and structural interpretation work have significantly enhanced PTX's understanding of the mineralized system at Shining Tree. The work has highlighted the importance of the Ridout-Tyrrell Deformation Zone (RTDZ), a major regional structure associated with several significant gold deposits in the district and has generated a growing pipeline of exploration targets beyond Ronda. The RTDZ hosts significant deposits, including the Juby deposit and Cote Gold Mines, and is located within the rapidly developing yet underexplored Shining Tree district of the Southern Abitibi Greenstone Belt. The Ronda target has been diligently mapped and sampled by PTX's technical team and coincides with the historical underground Ronda Mine. Limited exploration work has been conducted since the surface acquisition by PTX from Alamos Gold, until PTX's recent activities. Concurrently with the diamond drilling program, the Company is launching a soil sampling program over the four recently identified targets, most of which are situated along the newly recognized structural RTDZ corridor. The program will include approximately 1,000 samples and is designed to systematically refine these mineralized zones and support the identification of larger-scale potential across the project. Access to the Northwestern Target has improved significantly in recent years due to the development of new logging roads. The program is designed to target the interpreted main break and associated splays of the Rideout-Tyrell Deformation Zone in the Northwestern and R-Break Ext target areas. Announcement • May 15
PTX Metals Inc. announced that it has received CAD 7.04075 million in funding On May 14, 2026, PTX Metals Inc. closed the transaction. The company announced that it has issued 8,200,000 flow-through shares ("FT Shares") at a price of CAD 0.125 per FT Share for aggregate gross proceeds of CAD 1,025,000 and a total of 2,499,544 hard dollar units ("HD Units") at a price of CAD 0.11 per HD Unit for gross proceeds of CAD 274,949.84, bringing the total number of FT Shares issued to date to 40,950,000 for total gross proceeds of CAD 5,118,750 and the total number of HD Units to 17,472,723 for total gross proceeds of CAD 1,921,999.53. In addition, to date the Company has paid a total of CAD 367,766.00 in finders fees and issued a total of 2,934,775 finder warrants ("Finder Warrants") to eligible finders. Each Finder Warrant entitles the holder thereof to purchase one common share at a price of CAD 0.125 (subject to adjustment) for a period of two (2) years following the issuance of the Finder Warrants. The FT Shares and all but 4,545,454 HD Units were issued pursuant to the accredited investor exemption. Announcement • Apr 09
PTX Metals Inc. announced that it expects to receive CAD 3 million in funding PTX Metals Inc. announced a non-brokered private placement of 13,636,363 HD Units at a price of CAD 0.11 for gross proceeds of CAD 1,499,999.93 and a concurrent private placement of 12,000,000 flow through shares at a price of CAD 1,500,000 on April 8, 2026. The company will raise total aggregate gross proceeds of CAD 2,999,999.93 from both the offerings. The company has arranged and confirmed participation from several substantial investors. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant is exercisable to acquire one additional Common Share at a price of CAD 0.18 for a period of 36 months from the date of issuance. No fractional Warrant Shares will be issued, and no cash or other consideration will be paid in lieu of fractional shares. The Warrants will be subject to an acceleration provision, whereby the Company may accelerate the expiry date of the Warrants if the closing price of the Company's Common Shares on the TSX Venture Exchange (the "TSXV") is at or above CAD 0.40 for more than twenty consecutive trading days, in accordance with the terms of the Warrants. The Units and FT Shares offered and sold pursuant to the Offering will be subject to a statutory hold period in Canada of four months and one day after the Closing Date. The closing of the Offering (the "Closing") may occur in multiple tranches, with the first Closing expected to occur on or about April 14, 2026. The closing of the Offering is subject to certain conditions, including applicable regulatory approvals and acceptance by the TSXV. Insiders of the Company may participate in the Offering. In connection with the Offering (as permitted by the policies of the TSXV), eligible finders may be paid a cash amount equal to 7% of the gross amount raised by finders. In addition, a number of finder warrants equal to 7% of the number of Units and FT Shares issued pursuant to the Offering may be issued to eligible finders. Each Finders Warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.125 (subject to adjustment) for a period of two years following the issuance of the Finders Warrants. The Finders Warrants will be subject to a statutory hold period in Canada of four months and one day after the issuance of the Finders Warrants. 
