ATEX Appoints Myrzah Bello as Vice President, People, Health and Safety

Rhea-AI Summary

ATEX Resources (TSXV: ATX / OTCQB: ATXRF) appointed Myrzah Bello as Vice President, People, Health and Safety effective February 11, 2026. Ms. Bello brings over 20 years of experience in regulated mining and infrastructure sectors and will lead culture, employee experience, safety, compliance, and governance.

The company granted 250,000 incentive stock options exercisable at $3.60 for five years, vesting one third on each of the first three anniversaries, under the Company Stock Option Plan.

Positive

• Appoints an experienced HR and H&S leader with over 20 years of sector experience
• Grants 250,000 incentive stock options to align executive incentives with shareholders
• Named executive will lead culture, safety, regulatory compliance, and governance efforts

Negative

• Company remains under an interim CEO, which may imply transitional leadership

News Market Reaction – ATXRF

+4.23%

1 alert

+4.23% News Effect

On the day this news was published, ATXRF gained 4.23%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - ATEX Resources Inc. (TSXV: ATX) (OTCQB: ATXRF) ("ATEX" or the "Company") is pleased to announce the appointment of Myrzah Bello as Vice President, People, Health and Safety, effective today. Ms. Bello will be responsible for developing and strengthening organizational culture, enhancing employee experience, ensuring compliance with regulatory and ethical standards, and reinforcing governance excellence.

"I am very pleased to welcome Myrzah to ATEX Resources," commented Chris Beer, Interim CEO of ATEX. "Her expertise in people leadership, governance, and culture will play an important role as we advance Valeriano, supporting talent development, safety, and strong stakeholder relationships."

Ms. Bello is a senior executive leader in People, Health & Safety, Culture, and Governance with over 20 years of experience in complex, highly regulated environments, including mining and infrastructure. She was previously Vice President, Sustainability and Human Resources at O3 Mining Inc. which was acquired by Agnico Eagle Mines Ltd. in March 2025. Ms. Bello has been recognized for strengthening organizational culture, improving safety performance, enabling workforce growth, and aligning people strategy with business objectives, and with deep experience in change management, risk management, and regulatory compliance.

With the appointment, the Company has granted an aggregate of 250,000 incentive stock options to Ms. Bello, to acquire one ATEX common share at an exercise price of $3.60 over a period of five years and will vest one third on each of the first, second and third anniversaries of the grant date in accordance with the Company's Stock Option Plan.

About ATEX

ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick).

For further information, please contact:

Chris Beer,
Interim President and CEO
Email: cbeer@atexresources.com

Aman Atwal,
Vice President, Business Development and Investor Relations
Email: aatwal@atexresources.com

1-647-398-9405
or visit ATEX's website at www.atexresources.com.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts
responsibility for the adequacy or accuracy of the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283506

FAQ

Who is Myrzah Bello and what role did she accept at ATEX (ATXRF) on February 11, 2026?

Myrzah Bello was appointed Vice President, People, Health and Safety at ATEX. According to the company, she has over 20 years of experience in mining and infrastructure and will oversee culture, employee experience, safety, compliance, and governance.

What incentive compensation did ATEX (ATXRF) grant to Myrzah Bello on her appointment?

ATEX granted Ms. Bello 250,000 incentive stock options exercisable at $3.60 for five years. According to the company, options vest one third on each of the first, second and third anniversaries.

How will Myrzah Bello’s appointment affect ATEX’s safety and governance programs?

Her appointment is intended to strengthen safety, compliance and governance at ATEX. According to the company, she will focus on improving safety performance, regulatory compliance, and aligning people strategy with business objectives.

When do the options granted to Myrzah Bello begin vesting and what is the exercise price?

The options vest one third on each of the first three anniversaries and carry a $3.60 exercise price. According to the company, the options have a five-year term from the grant date.

Does the appointment of Myrzah Bello signal a leadership transition at ATEX (ATXRF)?

The appointment strengthens the executive team but the CEO role remains interim. According to the company, Chris Beer is serving as Interim CEO while Myrzah will focus on people, health and safety leadership.