IDEX Metals Corp. Reports Promising Drill Results from Freeze Property, Identifies Potential Magmatic-Hydrothermal System

Vancouver, B.C. – November 12, 2026 – Leads & Copy – IDEX Metals Corp. (TSXV: IDEX / OTCQB: IDXMF) has reported promising results from its 2026 drill program at the Freeze Property in Washington County, western Idaho. The company announced that drill hole KSMT26020, the first at the Shiver Target, has intersected geological features indicative of a nearby magmatic-hydrothermal system. These include porphyritic granodiorite with quartz-sericite-pyrite (QSP) alteration and D-type quartz-pyrite veins.

Shiver is located approximately 1.6 kilometers north-northeast of the Solstice discovery hole, KSMT26016. This brings the total number of targets with intersected mineralization or related hydrothermal alteration to three—Kismet, Solstice, and Shiver—along a north-northeast trending mineralized corridor spanning nearly 3 kilometers. Much of this corridor has not yet been drilled.

The company also released assays for the first six holes of its 2026 program. Hole KSMT26012, drilled at the Kismet Target, intersected 92.97 meters grading 0.39% copper, 308 parts per million molybdenum, and 2.04 g/t silver, or 0.67% copper equivalent (CuEq). This interval includes 25.40 meters grading 0.96% Cu (1.38% CuEq), which is hosted within a potassic-altered breccia approximately 220 to 300 meters below the surface, indicating an extension of higher-grade copper at Kismet to depth.

Visual observations from KSMT26020 at Shiver indicate porphyritic granodiorite and increasing pyrite dissemination downhole, with QSP-altered porphyritic granodiorite observed between 189.4 and 196.0 meters. These features suggest proximity to a magmatic-hydrothermal system. Assays for this hole are pending.

The nearly 3-kilometer mineralized corridor connects Kismet and Solstice, which have both shown copper mineralization. Solstice also showed porphyry-style mineralization, while Shiver indicates a nearby magmatic-hydrothermal system. The targets are aligned along a north-northeast trend. The areas between Kismet and Solstice (1.2 km) and Solstice and Shiver (1.6 km) remain undrilled.

Hole KSMT26012 delivered the best copper grades of the 2026 program to date, with the main interval yielding 92.97 meters of 0.39% Cu, 308 ppm Mo, and 2.04 g/t Ag (0.67% CuEq) from 247.05 meters. This includes a higher-grade section of 25.40 meters grading 0.96% Cu, 440 ppm Mo, and 5.49 g/t Ag (1.38% CuEq), which further contains 6.97 meters grading 1.50% Cu, 430 ppm Mo, and 11.04 g/t Ag (2.00% CuEq).

Another hole, KSMT26010, returned broad copper-tungsten mineralization, with 129.08 meters grading 0.23% Cu (0.28% CuEq) from 101.00 meters. This includes 68.08 meters grading 0.27% Cu, 104 ppm Mo, and 406 ppm tungsten (W) (0.37% CuEq) from 162.00 meters.

KSMT26010 also yielded high-grade tungsten, with 16.00 meters grading 1,322 ppm W (0.17% WO3) from 212.00 meters, including 5.00 meters grading 3,104 ppm W (0.39% WO3) from 223.00 meters. Additionally, KSMT26012 returned 50.27 meters of 526 ppm W (0.066% WO3) from 255.73 meters, overlapping its main copper interval.

Assays are still pending for holes KSMT26013 through KSMT26018, including the Solstice discovery hole KSMT26016 and four additional holes at Kismet. Core samples from KSMT26019 (Solstice) and KSMT26020 (Shiver) will be submitted for analysis as drilling is completed.

Hole KSMT26012 tested the Kismet Breccia Complex to the east-southeast and at greater depths. It intersected a shallower copper zone from 105.00 meters, returning 18.00 meters of 0.37% Cu, 31 ppm Mo, and 1.71 g/t Ag (0.42% CuEq). The hole then entered a breccia body from 241 to 460 meters downhole. The main copper interval, coinciding with the top of this breccia, yielded 92.97 meters of 0.39% Cu, 308 ppm Mo, and 2.04 g/t Ag (0.67% CuEq) from 247.05 meters.

Clayton Fisher, CEO of IDEX Metals, stated that KSMT26012 shows high-grade copper extending deeper into the Kismet system and highlights the potential of the Shiver target. He emphasized the nearly 3-kilometer mineralized corridor and the opportunity for future exploration.

Currently, two drills are active at Freeze. Hole KSMT26020 at Shiver is being drilled to test for higher-temperature alteration and veining at depth. Hole KSMT26019 at Solstice is a follow-up to the KSMT26016 porphyry discovery, observing chalcopyrite, pyrite, and molybdenite from 187.7 meters downhole, with increasing QSP alteration and quartz vein stockwork.

The company interprets Kismet, Solstice, and Shiver as potentially related parts of a single mineralized corridor. Kismet is characterized by breccia-hosted copper, molybdenum, silver, and tungsten. Solstice shows porphyry-style mineralization, and Shiver indicates a related magmatic-hydrothermal system. Most drilling has focused on Kismet, with limited testing at Solstice and Shiver, leaving significant undrilled areas within the corridor.

Near-term catalysts include the release of pending assay results from multiple holes and ongoing drilling at Solstice and Shiver. The company is also planning follow-up drilling and initial testing of the untested ground between the identified targets.

Source: IDEX Metals Corp.