Vancouver, BC - TheNewswire - January 18, 2023 - Apex Resources Inc. ("Apex”) (TSXV:APX) is pleased to announce that it has reached an amended agreement with Mr. Robert Bourdon and Mr. Lloyd Addie (the ‘Optionors’) with regards to the Advance Royalty Payments on the Jersey Property in southeastern British Columbia.  Under the terms of the amended agreement, Apex will issue 500,000 common shares of Apex and make annual advance royalty payments of $26,000 to the optionors,  subject to TSX approval.

For information on the Company's projects, visit www.apxresources.com.

Jay Roberge, President and CEO

For further information please contact:
Mike Kordysz, Investor and Corporate Communications
Tel: (604) 319-3171 Fax: (604) 628-0446
Email: mkordysz@trilliumfinancial.ca or info@apxresources.com

This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com.