PJX Resources Completes $6.3m Non-Brokered Private Placement and Commenced Exploration of Critical Metal and Gold Targets in Southeastern British Columbia's Sullivan Mining District

PJX Resources Completes $6.3m Non-Brokered Private Placement and Commenced Exploration of Critical Metal and Gold Targets in Southeastern British Columbia’s Sullivan Mining District TORONTO, ON / ACCESS Newswire / July 23, 2026 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce the close of the second tranche of our previously announced (see June 18 and July 8, 2026, news releases) non-brokered private placement (the "Private Placement" or "offering") for gross proceeds of $6.3 million. John Keating, President of PJX, commented: "This financing will allow PJX to focus on two priority discovery opportunities for critical metals and gold in an established Canadian mining district. An initial 4,000 m drill program has commenced to test for a potential Sullivan-style Sedimentary Exhalative (Sedex) critical-metals discovery on the Dewdney Trail Property.

At the Zinger Property, prospecting, mapping and surface sampling for gold are underway at the Gar target in advance of receiving permits to drill a potential Reduced Intrusion Related Gold System (RIRGS) for the first time. Together, these targets give PJX a rare opportunity to pursue two distinct discovery catalysts in a proven mining district with strong infrastructure advantages. (see more below)" Private Placement The Company issued units on a non-flow through basis (each a "Unit"), "flow through" basis (each a "Flow Through Unit ("FTU"), and a Charity Flow-through basis (each a "Charity Flow-through Unit ("CFTU")" or a "Charity Flow-through Critical Metals Unit ("CFTUCM"). The subscription prices for each of the foregoing are $0.125 for a Unit, $0.15 per FTU, $0.168 per CFTU, and $0.18 per CFTUCM.

The first tranche closed on July 6, 2026 with gross proceeds of $3,422,040. In the second tranche, the Company issued 8,270,000 CFTU and 8,270,000 CFTUCM with gross proceeds of $2,877,960. The cumulative total gross proceeds for the Offering is $6,300,000.

Subject to TSXV approval, finders' fees c