PTX Metals Inc. Announces Final Closing of Private Placement

Toronto, Ontario--(Newsfile Corp. - October 14, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the closing of the fourth and final 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, October 2, 2025, and October 7, 2025). In the fourth and final closing, the Company issued a total of 529,185 flow-through units ("FT Units") at a price of $0.135 per FT Unit for aggregate gross proceeds of $71,439.98. In addition, the Company issued 3,419,500 hard dollar units at a price of $0.10 per HD Unit ("HD Units" or "Units") for aggregate gross proceeds of $341,950, bringing the total proceeds raised in the fourth and final tranche to $413,389.98. When combined with the proceeds raised in the preceding closings (together with the fourth and final tranche, the "Private Placement"), the Company raised a total of $6,649,604.80 from the issuance of (i) 15,000,000 charity flow-through units (the "CFT Units"); (ii) 10,367,434 FT Units; and (iii) 30,000,000 HD Units.

The Company paid $52,534.55 in finders fees and issued 966,251 finder warrants ("Finders Warrants") to eligible finders in the fourth and final closing. Each Finders Warrant entitles 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 are 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 Units 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.