IDEX Metals Announces Filing of Preliminary Short Form Base Shelf Prospectus and Technical Report on the Freeze Property

(TheNewswire)

Vancouver, B.C. – June 1, 2026- TheNewswire – IDEX Metals Corp. ("IDEX" or the"Company") (TSXV: IDEX; OTCQB: IDXMF)is pleased to announce that it has filed apreliminary short form base shelf prospectus (the “Preliminary Shelf Prospectus”) with the securities commissions in each of the provincesand territories of Canada.

The filing of the Preliminary Shelf Prospectus isintended to provide the Company with financing flexibility. Upon afinal base shelf prospectus (the “Final Shelf Prospectus”) becoming effective, these filings, subject to securitiesregulatory requirements, will allow the Company to qualify thedistribution of up to $50,000,000 of common shares, warrants,subscription receipts, debt securities, or any combination thereof,from time to time over a 25-month period that the Final ShelfProspectus remains effective. The specific terms of any futureoffering of securities (if any) will be set forth in a shelfprospectus supplement (a “Prospectus Supplement”), which will be filedwith the applicable Canadian securities regulatory authorities inconnection with any such offering.

Each Prospectus Supplement will contain specificinformation concerning, among other matters, the securities to beissued and the use of proceeds from any such issuance. There is nocertainty that any securities will be offered or sold under the FinalShelf Prospectus and any Prospectus Supplement within the 25-monthperiod that it is effective. A copy of the Preliminary ShelfProspectus, and copies of the Final Shelf Prospectus and anyProspectus Supplements that may be filed in the future, can be foundunder the Company’s SEDAR+ profile at www.sedarplus.ca.

As previously announced, the Company completed abrokered private placement of 20,125,000 special warrants of theCompany (“SpecialWarrants”) at a price of $0.40 per SpecialWarrant for aggregate gross proceeds of $8,050,000 on May 5, 2026.Each Special Warrant is exercisable, for no additional considerationat the option of the holder, into one unit of the Company (each, a"Unit"), with each Unit being comprised of one common share inthe capital of the Company (a “Common Share”) and one-half of one CommonShare purchase warrant (each whole warrant, a “Warrant”). TheCompany intends to file the Final Shelf Prospectus, and a ProspectusSupplement to the Final Shelf Prospectus qualifying the distributionof the Common Shares and Warrants to be issued upon exercise of theSpecial Warrants, as soon as possible.

Clayton Fisher, CEO of IDEX, commented, “The filingof the Preliminary Shelf Prospectus is a proactive step intended tostrengthen IDEX’s capital markets readiness. The preparation andreview process provides an additional level of technical, legal andfinancial review of the Company’s disclosure, while giving IDEXgreater financing flexibility should the need arise. Importantly, theprospectus does not require IDEX to issue securities; rather, itprovides a framework that will allow the Company to respond quickly tofuture opportunities and capital requirements as theyemerge.”

Technical Report

The Company is also pleased to announce that it hasfiled a technical report titled “Technical Report for the FreezeProperty” (the “TechnicalReport”) under the Company's profile onSEDAR+ at www.sedarplus.ca. The Technical Report was prepared inaccordance with National Instrument 43-101 – Standards of Disclosure for MineralProjects and was authored by a Qualified Person,David Hladky, P. Geo, the Vice-President of Exploration for theCompany.

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 District,Washington County, Idaho. With a strategic land position in a top-tiermining jurisdiction and surrounded by major industry players, IDEX iscommitted to redefining district-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

No securities regulatory authorityor stock exchange has reviewed nor accepts responsibility for theadequacy or accuracy of the content of this news release. This newsrelease contains forward-looking statements and other statements thatare not historical facts. Forward-looking statements are oftenidentified by terms such as “will”, “may”, “should”,“anticipate”, “expects” and similar expressions andspecifically include statements regarding the anticipated filing of aFinal Shelf Prospectus and a Prospectus Supplement qualifying thedistribution of securities upon exercise of the Special Warrants. Allstatements other than statements of historical fact, included in thisrelease are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany’s expectations include the failure to satisfy the conditionsof the relevant securities exchange(s) and other risks detailed fromtime to time in the filings made by the Company with securitiesregulators. The reader is cautioned that assumptions used in thepreparation of any forward-looking information may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, many of which arebeyond the control of the Company. The reader is cautioned not toplace undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the timeof preparation, may prove to be incorrect and actual results maydiffer materially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany will update or revise publicly any of the includedforward-looking statements as expressly required by applicablelaw.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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