Drilling Program At W2 Cu-Ni-PGE & Gold Project

TORONTO - PTX Metals Inc. reported on the Phase 1 of 2025 drilling program at the W2 Cu-Ni-PGE and Gold Project located in the Ring of Fire, northwestern Ontario, Canada. This marks the first drill campaign in the CA zones since 1990s, aiming to infill, confirm and expand historical reported drill results. Assays are pending for the additional drillholes.

The W2 Project drilling strategy targets near-surface copper-bearing disseminated sulphide mineralization and aims to demonstrate the continuity of the system along strike and at depth. Based on the current and historical drilling, combined with geophysical surveys, the central target area is interpreted to extend for approximately 8 km in strike length and remains open at depth.

The second objective of the exploration program was to better delineate semi-massive to massive sulfides mineralization as well as Nickel sulphides in the CA zones reported by historical mineral exploration work, and to evaluate the presence of Gold and Platinum Group Elements (PGEs) that were not assayed in many historical drill holes.

Historical drilling was selective in assaying for all commodities and selective sampling procedures occurred. As a result, the Company has systematically assayed for Copper, Nickel, Gold, Palladium, Platinum and Cobalt and is now not reporting using Metal Equivalents and seen substantial improvements in the widths of mineralization with these practices. Additionally, for simplification purposes, Cu+Ni (%) and Au+Pt+Pd (g/t) are reported below as the arithmetic sum of individual commodity per interval chosen.

Drillhole W225-10 intercepted the widest mineralized near-surface intercept to date, which reports a width of 235.14 m of mineralization, starting directly after the overburden at 19.86m. Located 3 km away to the east, drillhole W225-11 intersected a zone of higher-grade near surface mineralization demonstrating consistence along strike of the targeted geophysical anomaly connecting CA1 and CA2 zones. Highest-grades by individual commodity in the two holes combined include: 1.81% Copper, 1.48% Nickel, 5.59 g/t Gold, 0.66 g/t Platinum and 0.57 g/t Palladium and Cobalt 0.13%

Drillhole W225-11 intercepted the CA2 Zone 58.00 of core length from 37.00 m to 95.00 m and returned 0.27% Cu, 0.21% Ni, and 0.23 g/t Au+Pt+Pd, including multiple shorter higher-grade intervals such as: 17.00 m of 0.50% Cu, 0.40% Ni and 0.33 g/t (Au+Pt+Pd) and 2.07 m of 1.32% Cu, 0.26% Ni, and 0.20 g/t (Au+Pt+Pd). Drillhole W225-10 intercepted a near-surface significant number of continuous higher-grade intervals throughout the length of the 235.14 m that reported 0.17% Cu, 0.08% Ni and 0.18 g/t (Au+Pt+Pd) to 255.00 m, including multiple higher-grade intervals. Systematic sampling in both holes shows improved widths over nearby historical drillholes suggesting potential to improve width and tonnage of the mineralized zones at depth. Additionally, a repeating pattern of higher-grade Cu-Ni mineralization within the broader hole has been observed throughout the holes, suggesting that further mineralization could extend at depth. Hole W225-10 intercepted 0.79% (Cu+Ni) and 0.54 g/t (Au+Pt+Pd) at 247.00-249.00m.

Greg Ferron, President and CEO, said, "We are very encouraged by the results from drill holes W225-10 and W225-11 that were drilled into CA1 and CA2 zones respectively at our W2 Cu-Ni-PGE and Gold Project. These results start validating the exploration target issued last September, which outlines a large near-surface project and improves the understanding of our exploration model. Hole W225-10 and W225-11 intersected broader and deeper zones of mineralization than previously reported, demonstrating improved continuity and the potential to significantly expand both CA1 and CA2 zone at depth."