Vancouver, BC – TheNewswire - October 29, 2026 – Global Stocks News - Sponsored content disseminated on behalf of Alex Metals. On October 27, 2026, Alex Metals (TSXV: ALX) (OTCQB: ALXMF) reported the first batch of drill results from its inaugural drill program at its KSO project in Southeast Alaska.

Alex Metals owns three properties in accessible coastal Southeast Alaska. The Wodski and Frenchie projects lie within the Alexander Triassic Belt, which hosts the world-class 42 million tonne (MT) high-grade Greens Creek and 297 MT Windy Craggy volcanogenic massive sulphide (VMS) deposits.

The KSO Project lies within Proterozoic-age rocks that host numerous early 1900s-era historical VMS mines and noted occurrences. ALX is built with a clear purpose: to discover a new silver-gold-rich VMS deposit in under-explored Southeast Alaska.

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"We staked the KSO project for its potential to host copper-gold-rich VMS mineralization and our first drill holes returned precisely that," stated Gwen Preston, President and CEO in the October 28 press release. "Striking multiple intervals of semimassive to massive sulphide with strong copper and gold grades in a first test of a new target is rare and promising. We are also very pleased to report the discovery of a promising new VMS target within the first few weeks at KSO, which demonstrates the outstanding VMS potential of this seriously under-explored region."

The 2026 first-pass drill program at Khayyam was designed to test below the outcropping massive sulphide to understand the extent, orientation, and style of mineralization. Massive sulphide outcrops include 8 lenses over a 70-metre interval and along 300 metres of strike length.

"The rocks at KSO have undergone a complex structural and metamorphic history, common to Proterozoic VMS belts," stated Nathan Steeves, VP Exploration. "The geology, geochemistry, and geophysical response of each VMS deposit is unique, so exploration methods must be custom-tailored.”

“This first pass exploration program started to test the part of the system visible at surface,” continued Steeves, “But, as importantly, it is helping us understand the metamorphic and structural history of these rocks and build an exploration toolkit for this under-explored region, where we see ample VMS discovery potential."

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Gwen Preston, President and CEO of Alex Metals, holds a B.Sc. in Chemistry from McGill University and a Master of Journalism from UBC. Formerly, she was the CEO of the Resource Maven newsletter, where she spent a decade visiting mine sites, interviewing geologists and producing independent research for a global subscriber base.

On October 28, 2026, Alex Metals published an “explainer video” by Preston that provided detail and context for the company's first full Alaska field season.

“Alex Metals just delivered results from our inaugural drill program at the KSO project in southeast Alaska,” stated Preston in the explainer video. “Six of eight holes returned mineralization, including highlight intervals in four holes. While drilling those holes, we discovered a new VMS target 2 kilometres west with outcropping massive sulphide and indications of scale, including large alteration zones.”

“We staked the KSO project for the opportunity to deliver a new copper-gold-rich VMS discovery, and that’s what we’ve done. To drill into grades and widths like these in the first season at a project while also finding a new strong target is rare and promising.”

“Some great results there feed one of the two goals we had at KSO this season. That first goal: start testing whether the 8 lenses of massive sulphide visible at the surface at the Khayyam target area extend to depth, and therefore have scale. The answer after this initial test: the lenses do extend to depth, though at a different angle than we expected. This area deserves more drilling.”

“Our second goal: learn more about this zone of mineralization at Khayyam so we can explore the rest of this large underexplored VMS region effectively,” continued Preston. “VMS deposits are unique. Each has its own mineralogy, indicators, alteration and geophysical response. If you want to explore a new VMS belt effectively, you have to start by understanding at least one zone of mineralization so you know what you’re looking for.”

“To get good widths of strong copper-gold mineralization across multiple holes in that kind of first effort is promising, both for the potential to find something of scale at the Khayyam target and for our chance of unlocking this whole district.”

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“Over the next few months, we will keep releasing results,” concluded Preston. “We also have results from the rest of the work at KSO, including the new target called Triple G, and results from our work at the Wodski and Frenchie projects about 100 kilometres to the north.”

Triple G Target: A 2025 SkyTEM electromagnetic survey outlined conductive anomalies at both Khayyam and Stumble-On and identified a large new target two kilometres west that was named Triple G.

There are no historical records of mineralization around this target. Alex Metals drilled four holes from two pads to test massive and stringer-style sulphide mineralization at surface and plates modeled from SkyTEM survey data. Results from the Triple G holes are pending.

"While drilling at Khayyam, our team discovered the 'Triple G' VMS target just two kilometres to the west," stated Nathan Steeves, VP Exploration. "Subsequent mapping and prospecting led to the discovery of several outcropping massive sulphide lenses and stringer zones. Outcropping massive sulphide with alteration of scale is exciting to find, and we are keen to do more work at Triple G and around this highly under-explored region."

2026 Exploration Program Update: Alex Metals completed its first-pass 3,058 m drill program at the KSO Project in 2026, with meterage primarily focused on Khayyam where holes were designed to test below outcropping massive sulphide. Today's Khayyam results are the first batch released from the KSO Project. Stumble-On and Triple G drill results are pending.

In addition to drilling during the 2-month program, Alex Metals also completed prospecting, two weeks of mapping, a UAV magnetic and photogrammetry survey, ground and drillhole EM surveys, and soil and channel sampling at KSO. The Company is keen to receive and integrate these data to guide exploration.

The inaugural Wodski Project 2026 exploration program was completed over two months and included 3,138 metres of drilling at the Mad Dog prospect, LiDAR, UAV magnetic and photogrammetry surveys, and mapping and prospecting of key prospects. Wodski results are pending.

Mapping and geophysical surveys at the Frenchie Project on Zarembo Island are still underway. These results will guide an inaugural drill program in 2027.

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The scientific and technical information contained in this news release has been reviewed and approved by Darwin Green, Chairman of the Company, and a Qualified Person under NI 43-101. Mr. Green is not independent of the Company.

Contact: guy.bennett@globalstocksnews.com

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