Phase V Program At The Valeriano Copper Gold Project

TORONTO - ATEX Resources Inc. reported on its Phase V program at the Valeriano Copper Gold Project, located in the Atacama Region, Chile. The Company currently has five diamond drill rigs operating, nine holes completed and another five in progress. To date, ATEX has completed approximately 13,700 metres of drilling in the Phase V program.

“The results continue to showcase the significant grades and widths achievable by the B2B zone and the broader Valeriano deposit which still remains open in all directions," said Ben Pullinger, President and CEO. "The high-grade porphyry trend now measures approximately 1,000m along strike and remains open. The B2B breccia zone continues to grow and remains a key focus for exploration as it has the potential to materially enhance the grade and potential economic profile for Valeriano. Through the rest of the program, we will be zeroing in on the broader structural controls, that not only host the B2B breccias but have the potential to host further breccia bodies currently suggested by our geophysical data. These will be a priority for Phase VI.

I am also excited to have Elijah Tyshynski join our team. His strong finance track record most recently at O3 Mining up until the acquisition by Agnico Eagle Mines and international experience will be critical as we continue to advance the Valeriano project.”