ATEX Announces Management Changes

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - ATEX Resources Inc. (TSXV: ATX) ("ATEX") is pleased to announce that it has appointed Carl Hansen as the Chief Executive Officer ("CEO") and Thomas Pladsen as the Chief Financial Officer ("CFO").

Mr. Hansen, a geologist with 30 years' of experience in the exploration and mining industry, has served as a Director of ATEX since 2010. He was the co-founder of Andina Minerals Inc., and served as its CEO until 2009, leading the team that outlined the 9 million ounce Volcan gold deposit which was sold to Hochschild Mining plc. in 2012. In 2010, Mr. Hansen co-founded Atacama Pacific Gold Corporation, a Chilean focused gold exploration company and served as its CEO until 2018 when the company was sold to Rio2 in a transaction valued at almost $100 million. He has held senior head office positions with TVX Gold Inc. and Kinross Gold Corp. as well as operational positions with Inco Limited. Mr. Hansen is a director of several TSXV listed companies.

Thomas Pladsen, previously the CEO of ATEX, has held senior management positions with companies involved in gold and copper exploration and development in Canada, Mexico, South America and Africa. With 30 years' of industry experience, he previously served as the Chief Financial Officer of several public companies including Atacama Pacific Gold Corporation, Katanga Mining Limited, Andina Minerals Inc. and Merc International Minerals Inc. Mr. Pladsen is a director of several TSXV listed companies.

Mr. Pladsen replaces William ("Bill") Jung as CFO. Mr. Jung will remain on the Board of Directors of ATEX.

"On behalf of the Board and shareholders, I would like to thank Bill for his many years of valued service to ATEX," said Mr. Hansen. "Bill ensured the survival of ATEX through some very difficult market conditions and we look forward to moving ATEX forward with his continued support."

About ATEX Resources Inc.

ATEX is a minerals exploration company focused on the acquisition, development and monetization of projects throughout the Americas.

On behalf of ATEX Resources Inc.

Carl Hansen, CEO

For more information, email info@atexresources.com or call 604-684-7160.

Forward Looking Information

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45111