ATEX Announces Appointment of Dr. Raymond Jannas as CEO

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2020) - ATEX Resources Inc. (TSXV: ATX) ("ATEX") is pleased to announce that its Board of Directors has appointed Dr. Raymond Jannas to the position of President and CEO. Carl Hansen, the current President and CEO, will remain with ATEX taking on the role of Non-executive Chairman of the Board of Directors.

"On behalf of ATEX's Board of Directors, I am very pleased to welcome Dr. Raymond Jannas as the CEO," said Carl Hansen, Chairman. "Dr. Jannas has an unparalleled wealth of exploration experience throughout Latin America, having made significant discoveries while working with a number of major gold companies. We believe that the execution of the ATEX's business plan under Dr. Jannas' leadership will be the best path forward to maximize value for shareholders."

Dr. Jannas stated: "I am excited to be leading ATEX and working closely with the Board to build on the initial progress it has made at its Valeriano copper gold project as well as to grow ATEX's portfolio of exploration assets in Chile and evaluate expanding to other countries in Latin America."

Dr. Jannas' Biography

Dr. Jannas, a resident of Santiago, Chile, has over 35 years' experience in the mining geology and exploration industry focused largely in Chile, Peru, Argentina, Colombia, Mexico and Venezuela. He has held senior positions with Gold Fields, Barrick Gold, LAC Minerals, Hochschild Mining and Metallica Resources. Dr. Jannas headed exploration teams that led to the discovery of major mineral deposits Pascua-Lama, El Morro and Cortadera in Chile, and Choco 10 in Venezuela. He also was responsible for the acquisition of the Cerro Corona project in Peru for Gold Fields. Dr. Jannas has a Ph.D. from Harvard University.

In conjunction with his appointment, Dr. Jannas has been granted 250,000 stock options. Each option has a five-year term and is exercisable at $0.15 per common share.

About ATEX Resources Inc.

ATEX is a minerals exploration company focused on the acquisition, development and monetization of projects throughout the Americas. ATEX's flagship property is the Valeriano copper gold project located in the northern portion of Chile's prolific El Indio Belt.

On behalf of ATEX Resources Inc.

Carl Hansen, Chairman

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.

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