IDEX Drilling Confirms Scale of Copper Mineralization at Kismet Breccia Complex, Intersects 130.93 m of 0.40% Cu within 344 m of 0.30% Cu at the Freeze Project, Idaho, USA

(TheNewswire)

Vancouver, B.C. – January 14, 2026– TheNewswire - IDEX Metals Corp. (“IDEX” or the “Company”) (TSXV:IDEX;OTCQB: IDXMF) is pleased to announce drill results from holes KSMT25003and KSMT25004 at its 100%-owned Freeze Copper-Gold-Molybdenum Projectin Idaho, USA (“Freeze”, or the “Property”). Theresults further confirm the scale, strength, and growth potential ofFreeze, a large magmatic-hydrothermal copper system that continues todemonstrate consistent copper mineralization from surface that expandssignificantly at depth.

Drilling Highlights

• KSMT25004 intersected 130.93 m of0.50% CuEq (0.40% Cu, 1.87 g/t Ag, 89 ppm Mo) within 344.34 m of 0.45%CuEq (0.30% Cu, 1.88 g/t Ag, 147 ppm Mo) 

• KSMT25003 intersected 57.10 m of0.65% CuEq (0.50% Cu, 3.14 Ag g/t, 140 ppm Mo) within 134.22 m of0.42% CuEq (0.34% Cu, 1.92 g/t Ag, 71 ppm Mo) 

• Kismet Breccia Complex (“Kismet”)copper mineralization remains open in all directions and at depth;Phase I drilling has revealed multiple high?priority expansiontargets 

• Drilling has confirmed continuity ofbreccia mineralization and constrained the extent ofweakly-mineralized tonalite, strengthening confidence in theCompany’s structural interpretation of the system 

Clayton Fisher, CEO of IDEX Metals Corp.,commented: “These resultsare exactly what we want to see as we continue to define a largecopper system. Intersecting hundreds of meters of consistent coppermineralization from surface – in multiple directions – clearlydemonstrates the strength, scale, and continuity of the system atFreeze. Importantly, drilling shows that the breccia complex expandsat depth and remains open in all directions, a powerful indicator oflong?term growth potential. With two holes still pending, theongoing integration of geophysical datasets, and the development ofadditional targets across the Property, we are still in the earlystages of unlocking a district?scale copper system within one ofNorth America’s most compelling emerging copper belts.”

Figure 1. KSMT25004 drill core: highgrade oxide copper mineralization at depth of 372.51-375.17meters

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Figure 2: KSMT25003 Drill Core: highgrade coarse molybdenum with disseminated chalcopyrite/pyrite at depthof 220.75 meters

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These results demonstrate that Kismet remains open bothto the north and south at depth, and highlights a vertically-extensive system withmultiple vectors for near-term expansion.Drilling has also constrained the extent of weakly-mineralizedtonalite, further strengthening confidence in the continuity andarchitecture of the mineralized breccia body.

Located within the rapidly-emerging Idaho Copper Belt, Freezebenefits from a jurisdictional advantage while exhibiting geologicalcharacteristics comparable to major porphyry?related systems aroundthe world. The consistency and thickness of mineralization intersectedto date strongly support the potential for Kismet to evolve into adistrict?scale copper system through continued systematic drillingand geophysical targeting.

Figure 3. Plan Map of all Drillholescompleted in the 2026 drill season (N-S Section can be seen in Figures4-5)

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Table 1. Drill Intercepts forKSMT25003 and KSMT25004

*Copperequivalent calculations used the following assumptions: US$3.75/lbCopper, US$35/oz Silver, US$30/lb Molybdenum, and metallurgicalrecoveries were assumed to be 90%. All intervals are presented as corelengths as the true thicknesses of mineralization is currentlyunknown.

TechnicalDiscussion

Figure 4. Drill results for the 2026IDEX Drill program showing lithology and downhole copper.

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Figure 5. Drill results for the 2026drill program showing lithology, downhole copper and resistivityisosurfaces

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Table 2. Drillhole Information for KSMT25003 and KSMT25004

KSMT25003

KSMT25003 was drilled approximately 75 metres north ofholes KSMT25001 and KSMT25002 and was oriented at an azimuth of 340°(NNW). The objective of the hole was to extend known mineralization atKismet to the north and to improve the Company’s understanding ofmineralization geometry through lithological correlations betweenKSMT25003, KSMT25002, and KSMT25001.

The upper portion of the hole intersected alternatingintervals of clast?supported and matrix?supported brecciaexhibiting mineralization characteristics consistent with KSMT25001and KSMT25002, including abundant oxide copper mineralization. Themineral assemblage consists ofhematite–tourmaline–pyrite–chalcopyrite, locally upgraded tooxide minerals including malachite and chrysocolla. Mineralizationoccurs primarily as a hydrothermal overprint within a magmatic brecciaassemblage.

The magmatic breccia contains clasts of two dominantlithologies observed in previous drilling: (a) porphyriticgranodiorite and (b) tonalite. Porphyritic granodiorite clastscommonly display moderate-to-intense phyllic alteration, oftencontrolled by thin, millimetre?scale D?type veins. These veins aretypically confined to clasts and are interpreted to pre?datebrecciation.

At depth, KSMT25003 enters a broad interval ofweakly-mineralized porphyritic granodiorite with variable alterationintensity and copper grades. A second mineralized breccia zone wasencountered between 313 m and 327 m, consisting of clast?supportedbreccia comparable to that intersected near the top of thehole.

From below overburden to final depth, the interval of344.73 m averaged 0.19% Cu. Drilling was terminated due to challengingdownhole conditions, including repeated caving and loss ofcirculation.

KSMT25004

Drillhole KSMT25004 was collared approximately 75meters north of KSMT25003 and was drilled at an azimuth of 160° (SSE)to a total depth of 518.31 m. The objective of the hole was to test the southern extension of the brecciacomplex and determine whether the weakly-to-moderately mineralizedtonalite encountered in KSMT25001 extended to the southeast.

From surface to 472.36 m, the hole intersectedalternating intervals of variably-mineralized breccia. Near surface,mineralization is dominated by copper oxides including malachite,azurite, chrysocolla, and chalcocite. With increasing depth,mineralization transitions to sulfide?dominant assemblagescharacterized by chalcopyrite and pyrite, with structurally-controlledintervals of secondary copper oxides persisting at depths greater than400 m.

Breccia textures transition from predominantlyclast?supported in the upper portions of the hole tomatrix?supported at depth. Notably, KSMT25004 did not intersect theweakly-mineralized tonalite unit observed in KSMT25001, indicatingthat mineralized breccia remains open to the south and supporting thepotential for continued lateral expansion of Kismet. The hole wasterminated in matrix?supported breccia due to challenging drillingconditions.

Below approximately 385 m depth, mineralization becomesless pervasive and transitions to structurally-controlled oxidemineralization in localized 1–3 m intervals. The system remains openfor oxide copper mineralization to the south above this depth and forpotential porphyry?style mineralization below this depth.

KSMT25004 confirms that the tonalite body encounteredin KSMT25001 is not extensive and that consistent breccia?hostedmineralization continues at depth. These results also demonstrate thathighly-resistive geophysical features (>700 ohm?m; Figure 5) canhost significant copper mineralization, while low-to-moderateresistivity features remain priority targets for porphyry explorationdue to their potential association with more intense phyllic(quartz–sericite–pyrite) alteration zones.

UpcomingCatalysts

• Assay results from drill holes KSMT25005-25006 

• Geophysical results from IP, Vector IP, NSIP ELFsurveys  

• Completion of a Property-wide model with definedporphyry copper drill targets for the 2026 exploration season 

• Ongoing planning and development of 2026 explorationactivities and Phase II drilling campaign 

Sample Analysis and QAQC

All drill core samples were prepped and analyzed atAGAT Labs Analytical in Calgary, Alberta, and Thunder Bay, Ontario,ISO 17025 and ISO 9001 certified laboratories. Samples were dried andcrushed to 2 mm, from which a 250 g sub-sample split was thenpulverized to 85% passing a 75-micron sieve. Following preparation, a48-element 4-acid digestion (method 201-071) was conducted. For this,a 0.25 g aliquot of the prepared pulp wasdigested in a 4-acid solution consisting of hydrochloric, nitric,perchloric and hydrofluoric acids. 4-acid is a near total digest andonly the most highly resistant minerals are not dissolved. Theresulting solution was analyzed via ICP-OES and ICP-MS. Lowerdetection limits for this procedure are 0.01 ppm for silver, 0.5 ppmfor copper, 0.05 ppm for Molybdenum and 0.1 ppm for Tungsten.

Gold was analyzed by 202-051, a 30-gram fire assayfusion with AAS finish. No significant results were reported.

Samples with initial results beyond the upper detectionlimit of the 201-071 method were analyzed by over-limit 201-470procedure (ICP-OES and/or ICP-MS) for copper. For copper, thethreshold is >1%.

AGAT Labs Analytical employs internal quality controlstandards, duplicates and blank samples at set frequencies. Blindcertified reference materials (CRMs), blank samples and duplicate ¼core samples were systematically inserted by the Company into thesample stream and analyzed as part of the Company's qualityassurance/quality control protocol.

At Freeze, “Internal Dilution” includes calculatedweighted averages of the drillhole that may contain lower gradeintervals that are greater than five meters in length with less than1,000 ppm copper. In the table, in general, no intercepts werereported that averaged less than 0.25 % Copper, except where asignificant Tungsten (W) intercept was noted. The reported interceptswere calculated using copper as the main element of interest, and mayhave intervals of more than five consecutive meters of less than 1,000ppm copper. All copper values are graphed in the cross section forillustration purposes.

Qualified Person

The scientific and technical information in this newsrelease has been reviewed and approved for disclosure by David Hladky,P.Geo. (registered in Alberta), V.P. Exploration of IDEX Metals Corp.David Hladky is a "Qualified Person" for IDEX Metals Corp.within the meaning of National Instrument 43-101 - Standards of Disclosure for MineralProjects.

About IDEX Metals Corp.

IDEX Metals Corp. is a mineral exploration companyfocused on advancing a portfolio of base and precious metal projectsin Idaho, USA. IDEX is primarily focused on the exploration anddevelopment of the Freeze Copper-Gold porphyry prospect located in thenewly discovered Idaho Copper Belt, Washington County, Idaho. With astrategic land position in a top-tier mining jurisdiction andsurrounded by major industry players, IDEX is committed to redefiningdistrict-scale exploration in Idaho.

For more information, please visit https://idexmetals.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Clayton Fisher, CEO & Director

For further information regardingIDEX contact:

Investor Relations
info@idexmetals.com
1 (604) 260-0356

Cautionary Note RegardingForward-Looking Statements

Statements contained in this newsrelease that are not historical facts may be forward-lookingstatements. These forward-looking statements involve risks,uncertainties and other factors that could cause actual results todiffer materially from those expressed or implied by suchforward-looking statements. In addition, the forward-lookingstatements require management to make assumptions and are subject toinherent risks and uncertainties. There is significant risk that theforward-looking statements will not prove to be accurate, that themanagement’s assumptions may not be correct and that actual resultsmay differ materially from such forward-looking statements.Accordingly, readers should not place undue reliance on theforward-looking statements. Generally forward-looking statements canbe identified by the use of terminology such as “anticipate”,“will”, “expect”, “may”, “continue”, “could”,“estimate”, “forecast”, “plan”, “potential” andsimilar expressions. These forward-looking statements are based on anumber of assumptions which may prove to be incorrect which, withoutlimiting the generality of the following, include: risks inherent inexploration activities; the impact of exploration competition;unexpected geological or hydrological conditions; changes ingovernment regulations and policies, including trade laws andpolicies; failure to obtain necessary permits and approvals fromgovernment authorities; volatility and sensitivity to market prices;volatility and sensitivity to capital market fluctuations; the abilityto raise funds through private or public equity financings;environmental and safety risks including increased regulatory burdens;weather and other natural phenomena; and other exploration,development, operating, financial market and regulatory risks. Theforward-looking statements contained in this press release are made asof the date hereof or the dates specifically referenced in this pressrelease, where applicable. Except as required by applicable securitieslaws and regulation, IDEX disclaims any intention or obligation toupdate or revise any forward-looking statement, whether as a result ofnew information, future events or otherwise, except as required byapplicable securities laws. All forward-looking statements containedin this press release are expressly qualified by this cautionarystatement.

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