CANEX Metals Inc. announced a non-brokered private placement of up to 8,333,333 common shares at a price of CAD 0.06 per share for gross proceeds of up to CAD 499,999.98 on March 15, 2023. The transaction will involve participation from accredited investors. The transaction will be subject to a hold period of four months plus one day from the date of closing.

No commissions will be paid to Agents on the financing. This financing is subject to TSX Venture Exchange and regulatory approval.