MIDEX ANNOUNCES BUSINESS COMBINATION AGREEMENT WITH SAYWARD CAPITAL CORP. AND ITS INTENTION TO RAISE UP TO $2,650,000 AS CONCURRENT FINANCING

TORONTO, CANADA – JUNE 14, 2023 – MIDEX RESOURCES LTD. (“Midex” or the “Company”) is pleased

to announce that further to a non-binding letter of intent dated February 24, 2023, the Company has

entered into a business combination agreement dated June 13, 2023 (the “Definitive Agreement”) with

Sayward Capital Corp. (TSXV: SAWC.P) (“Sayward”), a capital pool company as defined under the policies

of the TSX Venture Exchange (“TSXV” or the “Exchange”). Sayward anticipates that the transaction (the

“Qualifying Transaction”) will constitute its Qualifying Transaction pursuant to Policy 2.4 – Capital Pool

Companies of the Exchange (“Policy 2.4”), as such term is defined in the policies of the Exchange.

The Definitive Agreement provides for a three-cornered amalgamation (the “Amalgamation”), whereby

Midex will amalgamate with 2372845 Alberta Ltd. (“Subco”), a wholly owned subsidiary of Sayward,

incorporated whereby each of the shareholders of Midex will receive common shares of Sayward, which

such share will be listed on the Exchange, subject to the Exchange’s approval, including all terms and

conditions of the Definitive Agreement. Sayward, as it exists upon completion of the Qualifying

Transaction (the “Resulting Issuer”), will continue the business of Midex.

In connection with the Qualifying Transaction: (i) Midex intends to complete a non-brokered private

placement for gross proceeds of up to approximately CAD$1,500,000 (the “HD Private Placement”) from

the sale of units of Midex (“HD Units”); and (ii) the Resulting Issuer intends to complete a non-brokered

private placement and critical flow-through common share units of Midex (“FT Units”) for gross proceeds

of up to approximately CAD$1,150,000 (the “FT Private Placement”, and collectively with the HD Private

Placements, the “Concurrent Financing”).

Concurrent Financing Details

It is anticipated that pursuant to the HD Private Placement, Midex will issue up to approximately

10,000,000 HD Units. Each HD Unit will consist of one common share (a “Midex Share”) in the capital of

Midex and one Midex Share purchase warrant (a “Warrant”), at a price of $0.15 per HD Unit. Each whole

Warrant shall be exercisable to acquire one Midex Share at an exercise price per Warrant of $0.25 for a

period of two years following the closing date of the HD Private Placement.

It is anticipated that pursuant to the FT Private Placement, the Resulting Issuer will issue up to

approximately 6,764,706 FT Units. Each FT Unit will consist of one critical flow-through common share

in the capital of the Resulting Issuer (“Resulting Issuer Share”) and one half of a warrant to purchase a

Resulting Issuer Share (a “Resulting Issuer Warrant”) at a price of $0.17 per FT Unit. Each whole Resulting

Issuer Warrant shall be exercisable to acquire one Resulting Issuer Share at an exercise price per

Resulting Issuer Warrant of $0.25 for a period of two years following the date in which the Resulting

Issuer Shares become listed on the Exchange.