IDEX Metals Corp. Grants Option for Idaho Exploration Properties to WestGold Metals Corp.

Vancouver, B.C. — May 14, 2026 — Leads & Copy — IDEX Metals Corp. (TSXV: IDEX; OTCQB: IDXMF) has entered into a mineral property option agreement with WestGold Metals Corp. (CSE: WGM.CN) and its subsidiary, Silver Rock Resources, Inc., granting WestGold an exclusive option to acquire a 90% interest in three of IDEX's exploration properties in Idaho.

The properties include the Amie Project, the Silver Rock Project, and the Demming Project. This transaction aims to provide IDEX with non-dilutive exposure to exploration success through a combination of cash, equity consideration, exploration expenditures, and a retained royalty interest.

Clayton Fisher, CEO of IDEX, stated that this transaction is a value-creation opportunity to monetize non-core assets, retain meaningful upside, and concentrate capital and technical efforts on the Freeze Project. By optioning the Owyhee project portfolio to WestGold, IDEX is putting the Amie, Silver Rock, and Demming projects into the hands of a dedicated junior explorer with committed exploration capital, while IDEX shareholders retain ways to participate in future exploration success.

The structure provides exposure through a 9.9% equity position in WestGold, committed exploration expenditures across the projects, a retained 10% carried interest in each project, and a retained royalty interest.

Under the Option Agreement, WestGold can acquire a 90% undivided interest in the Properties, free and clear of all encumbrances, other than the Royalty, and certain permitted encumbrances. To exercise the Option, WestGold must make the following payments:

WestGold is required to issue 5,737,000 common shares in WestGold to the Optionor on or before the date that is two business days following the satisfaction of all conditions precedent in the Option Agreement (the “Effective Date”); and WestGold is required to pay the Optionor $100,000 within 30 business days of the Effective Date.

In addition, WestGold must incur a minimum of $5,000,000 in aggregate exploration expenditures on the Properties over a three-year period, as follows: (i) $1,000,000 by the first anniversary of the Effective Date; (ii) a cumulative $3,000,000 by the second anniversary; and (iii) a cumulative $5,000,000 by the third anniversary.

The WestGold Shares will be issued at a deemed price per WestGold Share equal to: (i) the price per common share offered in an equity financing to be completed by WestGold before the exercise of the Option (the “Equity Financing”), or (ii) if WestGold does not complete the Equity Financing, the volume weighted average trading price of WestGold’s common shares on the CSE for the 20 trading days preceding the Effective Date.

Upon full exercise of the Option, the parties will be deemed to have formed a joint venture, with WestGold holding a 90% participating interest and the Optionor retaining a 10% carried interest (the “Joint Venture”).

WestGold will serve as operator of the Joint Venture and will be responsible for all costs of the Joint Venture, including exploration, development and mining operations, until the commencement of commercial production. Following the commencement of commercial production, the Optionor’s carried interest may be diluted by subsequent financings.

Additionally, upon full exercise of the Option, a 1.5% net smelter returns royalty (the “Royalty”) will be granted to the Optionor. WestGold has the right to reduce the Royalty to 1.0% at any time by payment of $2,000,000.

Closing of the Option is subject to the satisfaction of customary closing conditions, including all applicable regulatory and stock exchange approvals.

IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, USA, with primary focus on the exploration and development of the Freeze Copper-Gold porphyry prospect located in the newly discovered Idaho Copper District, Washington County, Idaho.

Source: IDEX Metals Corp.