Trinex Minerals Limited (ASX: TX3) (Trinex or the Company) is pleased to announce that a highly successful initial field program at the Halo-Yuri Lithium Project in the Northwest Territories, Canada has been completed.

The purpose of this first phase of field work was to rapidly assess the Halo-Yuri Project to determine whether there were any spodumene occurrences worthy of further work. The results from this are significant with four separate areas identified by the presence of spodumenebearing pegmatite outcrops and/or boulders.

Will Dix, Managing Director of Trinex Minerals, commented: 'We initially aimed at ground-checking numerous areas for follow-up sampling, instead we discovered a new spodumene-bearing pegmatite field in the north of the project that presents walk up drill targets. The results have exceeded our expectations, and we are eager to share the assays results from the samples collected as soon as they become available. 'The next steps at Halo-Yuri will be to determine the most optimal drill sites to test the extent of the pegmatites and incorporate this into a Land Use Permit Application that will be submitted in the next few weeks. 'We have only just started to build a picture of the potential at our Canadian lithium projects, and we remain encouraged by what we have seen in initial exploration programs. We look forward to providing updates as we move forward.' Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

Work Program Details: Trinex has completed a 3-week mapping campaign at the Halo-Yuri Project, which has discovered numerous new areas of spodumene-bearing pegmatite mineralisation, across the northern area of the project. The terrain in the northern area is flat-lying tundra dominated by glacial till, boulder fields, marshes, and lakes, with limited in situ outcrop. Spodumene-bearing pegmatite encountered was typically as boulders, with 278 mineralised boulders observed, and 24 mineralised outcrops mapped. Due to the high abundance of mineralised boulders encountered, only 99 of the 278 boulders were sampled, in addition to 22 samples taken from spodumene-bearing outcrop. Assay results are expected in six to eight weeks. Three new trends of spodumene-bearing boulders were discovered: Kick, Jagged, and Amber. While the historical OIG spodumene occurrence was confirmed and sampled. Due to the size, density, and angularity of the boulders, they are likely sourced relatively locally. This is supported by the discovery of spodumene-bearing pegmatite outcrop along these trends in the later stages of the mapping program. With the clear potential of the north-east area of the project, a further two mineral claims (ML 37 & ML 38) were staked during the program

Other Prospects

At the Jagged Prospect, numerous large spodumene-bearing boulders were discovered in a NWSE 2.6km trend. Most boulders are within a boulder field where there is no clear outcrop present. On the last day of the program, a 10m by 15m outcrop of spodumene-bearing pegmatite was discovered in the NW end of the trend, which has an apparent NE strike. At the Amber Prospect, numerous large spodumene-bearing boulders were discovered in a WSW-ENE 1.5km trend. Like with Jagged Prospect, mineralised boulders are within a boulder field with no clear outcrop present. A 10m-by-10m outcrop was found between Jagged and Amber Prospects, which is situated within marsh between 2 lakes. Due to the marsh cover, orientation and true extent of the pegmatite dyke is not known. The historical OIG spodumene mineral occurrence was mapped and sampled. The main spodumene-bearing pegmatite has an apparent width of 30m and strike of at least 150m. The outcrop presents as 3 small hills, in a north-south line, amongst boggy marsh and boulder fields that obscure the true extents of the pegmatite. There are numerous mineralised boulders to the west, which may be sourced from the mapped outcrop or other unknown pegmatites in the area. In addition, 2 mapping traverses were completed across the 5km area between the OIG and Jagged Prospects. This area had very few targets as defined by satellite imagery, yet 10 spodumene-bearing boulders were discovered in 1 day of mapping. This highlights the potential of the northern area for further discoveries. Less than 15% of the prospective northern area was covered by detailed mapping as part of this program.

Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.

Contact:

Tel: +61 (0) 8 6166 0255

Email: wdix@trinexminerals.com.au

About Trinex Minerals

Trinex Minerals Limited (ASX: TX3) is an Australian-based resources company exploring for critical minerals, which are essential for the future transition towards clean energy. The Company holds several energy minerals projects in Canada, including lithium focused projects in the Northwest Territories, and an option to earn up to 75% in the advanced Gibbons Creek Uranium Project in Saskatchewan. In Australia, Trinex holds a base metals resource at its Mt Hardy Project in the Northern Territory, and several exciting projects in Western Australia and South Australia.

Competent Person Statement

The information in this announcement that relates to Exploration Results is compiled by William Dix, who is a full-time employee and share, performance rights and option holder of Trinex Minerals Limited. Mr Dix is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Dix has sufficient experience of relevance to the style of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Dix consents to the inclusion in this announcement of the matters based on information in the form and context in which it appears.

Forward Looking Statements

This announcement includes forward-looking statements. These statements relate to the Company's expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like 'will', 'progress', 'anticipate', 'intend', 'expect', 'may', 'seek', 'towards', 'enable' and similar words or expressions containing same. The forward-looking statements reflect the Company's views and assumptions with respect to future events as of the date of this announcement and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. Given these uncertainties, no one should place undue reliance on any forward-looking statements attributable to the Company, or any of its affiliates or persons acting on its behalf. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Neither the Company nor any other person, gives any representation, warranty, assurance, nor will guarantee that the occurrence of the events expressed or implied in any forward-looking statement will actually occur. To the maximum extent permitted by law, the Company and each of its advisors, affiliates, related bodies corporate, directors, officers, partners, employees and agents disclaim any responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise.

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