ActivEX : Critical Minerals Assays received for Georgetown

only ASX Code: AIV

useIssu d Capital

216,202,577 ordinary shares (AIV)

Market Capitalisation

$10.37M (31st May 2022, $0.048)

personalDirectors

Min Y ng (Chairman, NED)

M rk Derriman (Managing Director) Geoff Baker (NED)

Do gmei Ye (NED)

Andrew Bald (NED)

L uis Chien (Alternate Director to Min Yang)

About ActivEX

ActivEX Limited is a minerals xploration company committed

to the acquisition, identification, and delineation of new resource

rojects through active exploration.

ForThe ActivEX portfolio is focused n g ld copper and critical metal

pr jects, with substantial tenement packages in the north and southeast Queensland.

Suite 2, 3B Macquarie Street

Sydney, NSW 2000

[e-mail]

www.activex.com.au

Phone [phone]

ABN 11 113 452 896

METALS AND CRITICAL MINERALS RESULTS AT GEORGETOWN PROJECT

Encouraging Critical Metal Assays Received from Georgetown

Sampling Program

1st June 2022

Summary and Highlights

• 34 rock samples collected from the Georgetown Project with significant results including:

Silver to 306ppm

Manganese to 12.45%

Iron to 41%

Strontium to 459ppm

Lead to 12.2%

Copper to 0.53%

Zinc to 0.23%

Barium to 0.14%

• Gold and lithium assays expected shortly

Gold Copper and Lithium explorer ActivEX Limited (ASX: AIV) ("ActivEX" or "the Company") is pleased to report encouraging assays from sampling programs undertaken at the Georgetown Project. Assay highlights are referenced, with lithium and gold results expected shortly. A total of 66 soil, 34 rock (including pegmatites) and 13 stream samples were collected and taken to the ALS geochemistry laboratory in Townsville.

Managing Director Mark Derriman commented: "These first-passassays for Georgetown provide an encouraging indication that Georgetown is host to a number of metals and critical minerals with good grades. The assays we've received to-datestill only represents a small population of the total amount of sampling work at the site, so on that basis the base metals look particularly encouraging, with strong results for the critical elements as well. We also look forward to updating the market with the results from our surface exploration program for gold mineralisation, along with a pegmatite sampling program focused on the potential of lithium caesium-tantalum(LCT) mineralisation that was first announced to the market on November 15, 2021.

This announcement is authorised by the Board of ActivEX Limited

For further information contact: Mr Mark Derriman, Managing Director

METALS AND CRITICAL MINERALS RESULTS AT GEORGETOWN PROJECT

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GEORGETOWN GOLD AND LITHIUM PROJECT - North Queensland

(EPMs 27805, 27811, 27812 & EPM Applications 28120, 28277 and 28417 - ActivEX 100%)

only(Prospecting for critical minerals Cu, Ta, Nb, Co, Sn, W and Li)

The Georgetown Gold Project (Figure 1 & 2) is situated within the Proterozoic Etheridge Province in northeast Queensland, approximately 400km west-northwest of Townsville and 80km north of the Gilberton Gold Project. The pr ject comprises a granted area of 504.29km2 with ActivEX Limited holding a 100% interest in all the tenements. One EPM application (Bridle Track, EPM 28417) has been lodged in May, which covers 100 sub-blocks. Historic data shows pegmatites were intersected in previous drill holes; However, no Au or Li has been assayed. Bridle Track is anticipated to be granted towards the second half of 2022.

useThe Georgetown Project is in an area which is prospective for several metals, precious and base, in addition to critical minerals (Cu, Ta, Nb, Co, Sn, W and Li) over a wide range of deposit styles. Initial evaluation of the Georgetown Project was focussed on the lithium and gold potential as evident by the numerous historical gold and silver in the region, in addition to the lithium and tantalum prospect located to the east (Figure 3).

The Buchanan's Creek lithium prospect comprises pegmatite hosted lithium mineralisation and folded Cobbold Metadolerite/Land Creek micaceous metasediments. Numerous pegmatites were sampled within the Forsayth and

personalLeichardt Creek tenements. Most of the field time was spent in the Forsayth tenements adjacent and to the east of the Buchanan's Lithium Project comprising rock and stream sediment sampling. A folded sequence of Cobbold

Metadolerite and Micaceous Lane Creek Formation was targeted for soil sampling and during the sampling program several pegmatites were noted and sampled.

The significant sample results from the Forsayth Project are shown in Figure 4. In the centre of the area, samples FYR010 to 015 were taken from a small iron/manganese ridge over 40m in length. The outcrop comprised massive ir nstone with manganese staining and local boxwork textures likely after sulphides at depth. Several prospecting pits have been dug along the length of the ironstone ridge to a depth of 1.5m with no obvious drill testing.

The ironstone returned results to 41.6% Fe, 10% Mn, 0.9% Pb and 0,53% Cu. This target will be further evaluated via geological mapping, rock sampling and pXRF soil geochemistry. A series of ferruginous quartz veins in the west of the tenement were sampled (FYR005 to 008 and 017 to 018) with results to 12.2% Pb, 306 ppm Ag, 5.5% Mn, 0.35% Cu and 0.23% Zn. The area will be further evaluated in a similar manner to that proposed at the ironstone ridge area mentioned above.

For

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METALS AND CRITICAL MINERALS RESULTS AT GEORGETOWN PROJECT

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For personal use only

Figure 1. ActivEX Limited Queensland Projects and tenements

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METALS AND CRITICAL MINERALS RESULTS AT GEORGETOWN PROJECT

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onlyuse

personalFigure 2. Georgetown Gold Project showing location EPM 27812, Lithium/Tantalum prospects within the Georgetown Project

For

Figure 3. Georgetown Gold Project showing location of pegmatites sampled within the Forsayth and Leichardt Creek Tenements. The shades of red and orange are various phases of granitoid in the region

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For personal use only

METALS AND CRITICAL MINERALS RESULTS AT GEORGETOWN PROJECT

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Photos 1 & 2 Forsayth Muscovite Garnet Pegmatites intruding fine grained biotite granite (left) and a close-up of the green mica mineralisation (right)

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