MOUNT PLEASANT MINE

Adex Mining provided an update on its evaluation of the North Zone (“NZ”) Mount Pleasant Mine located in southwestern New Brunswick, Canada. A positive result from this scoping study is expected to lead to the preparation of a definitive feasibility study and a production decision. As part of this detailed evaluation program, a total of 162 tonnes of mineralized material was collected from rock previously mined from the 600 Adit, which accessed the #1-3 Tin Lode Sub-Zone of the NZ mineralization. The 162 tonnes were portioned into separate bulk samples, crushed to 90% passing 0.5”, and each pile then randomly sampled. The largest pile, weighing 42 tonnes, was double sampled and assayed. The weight average of the samples returned 0.62% Sn, 228g/t In, 1.37% Zn and 0.55% Cu.

Adex Mining provided a progress report on metallurgical test programs that were carried out by the Company in relation to its Mount Pleasant Mine property located in New Brunswick, Canada. The results of the metallurgical test programs provide the Company with valuable information required to develop an optimal commercial extraction and recovery process for the principal metals hosted at Mount Pleasant, being tungsten, molybdenum, tin and indium. This information will also help guide the Company in developing production options for the property.

Adex Mining has completed a National Instrument 43-101 compliant Mineral Resource estimate for seven tin-indium-zinc (Sn-In-Zn) subzones and one tungsten-molybdenum-bismuth (WO3-MoS2-Bi) sub-zone which make up the North Zone (“NZ”) at its wholly-owned Mount Pleasant Mine Property in southwestern New Brunswick, Canada. The total Sn-In-Zn resource estimate includes an Indicated Mineral Resource of 10,882,000 tonnes, plus an Inferred Mineral Resource of 7,603,000 tonnes. The NI 43-101 compliant Mineral Resource estimate for the NZ indicates the opportunity for both near surface and at depth mineralization. The resource estimate for the Sn-In-Zn sub-zones was based on a cut-off grade of 0.25% Sn equivalent (Sn eqv.), equal to % Sn + 41.67 x % In.