BRIEF

on CANEX Metals Inc. (CVE:CANX)

Eric Fier Increases Stake in Canex Metals

Eric Fier has acquired a significant number of shares in Canex Metals Inc. On December 23, 2025, he purchased 7,387,000 Common Shares through a private placement. This acquisition accounts for 4.42% of the company's issued and outstanding shares, with an investment totaling $1,108,050. Each share was valued at $0.15.

Post-acquisition, Mr. Fier controls 16,695,800 Common Shares, representing a total of 10% ownership in Canex Metals. This marks an increase of approximately 4.42% in his stake. The transaction is part of his investment strategy, and he may adjust his holdings in the future.

Further details can be found in the early warning report on Canex's profile at www.sedarplus.ca.

R. E.

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