Apex Update Report on Trading Halt

(TheNewswire)

Vancouver – TheNewswire - March 26, 2024 – Apex Resources Inc. (“Apex” or the “Company”) (TSXV:APX). The Company wishes to provide an update with respect to the previously announced proposed acquisition of all the shares of an arm’s length corporation holding a 100% option over the consolidated mineral rights of the Lithium Creek Property (the “Property”) in Nevada, USA (the “Acquisition”).

In accordance with TSX Venture Exchange (“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets (“Policy 5.3”), the trading of the common shares of the Company on the TSXV was halted on January 9, 2024 pending TSXV review, as the Acquisition is a “Fundamental Acquisition” for the Company, as defined in Policy 5.3. The trading halt will be lifted by the TSXV once certain conditions have been met under Section 5.6 of Policy 5.3, including the review by the TSXV of the technical report prepared in compliance with National Instrument 43-101 – Standards of Mineral Disclosure with respect to the Property.

The Company also announces that it will continue with its planned non-brokered private placement (the “Financing”) as announced in its news release dated January 9, 2024.

The Acquisition and Financing are subject to approval by the TSXV. All shares issued with respect to the Acquisition and the Financing will be subject to a four month hold period from the closing date.

About Apex Resources Inc.

Apex is a mineral exploration company engaged in the business of the acquisition, exploration and development of mineral resource properties. Apex’s common shares trade under the symbol "APX” on the TSX Venture Exchange (TSX-V).

On Behalf of the Board of Directors of

Apex Resources Inc.

Jay Roberge

President

Ph. +1(778)895-0247 or [email protected] website: www.apexresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

UTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” ‘projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: receipt of regulatory approvals; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Apex’s operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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