PTX Metals Inc. Announces Third Closing of Private Placement

Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the closing of the third tranche of its previously disclosed non-brokered private placement of flow-through, hard dollar and charity flow-through units (see news releases dated September 8, 2025, September 16, 2025. September 28, 2025, September 30, 2025 and October 2, 2025). Under the third closing the Company issued a total of 9,666,667 charity flow-through units ("CFT Units") at a price of $0.15 per CFT Unit for aggregate gross proceeds of $1,450,001.55 and a total of 2,073,333 hard dollar units ("HD Units" and together with the CFT Units referred to herein as the "Units") for aggregate gross proceeds of $207,333.30. In addition, the Company issued 592,222 flow-through units ("FT Units") at a price of $0.135 per FT Unit for aggregate gross proceeds of $79,949.97 resulting in combined total third tranche proceeds of $1,737,284.82. When combined with the $4,498,930 raised in the first closings, the Company has raised a total of $6,236,214.82 to date.

In addition, the Company paid a total of $48,193.97 in finders fees and issued a total of 701,022 finder warrants ("Finder Warrants") to eligible finders. Each Finders Warrant will entitle the holder thereof to purchase one common share at a price of $0.14 (subject to adjustment) for a period of two (2) years following the issuance of the Finders Warrants. The Finders Warrants will be subject to a statutory hold period in Canada of four (4) months and one (1) day after the issuance of the Finders Warrants.

The HD Units and CFT Units were issued pursuant to the Listed Issuer Financing Exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106 - Prospectus Exemptions, and as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Pursuant to the LIFE Exemption, the securities underlying the HD and CFT Units are not subject to a hold period under Canadian securities laws. The FT Units were sold to investors pursuant to exemptions from the prospectus requirements other than the LIFE Exemption and are subject to a hold period of four months and one day following issuance.