ActivEX : Lithium Pegmatite Sampling Underway at Gilberton

only ASX Code: AIV

useIssu d Capital

216,202,577 ordinary shares (AIV)

Market Capitalisation

$8.22M (3rd Juine 2022, $0.038)

Directors

personalMin 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

LITHIUM PEGMATITE SAMPLING UNDERWAY AT GILBERTON

An initial total 8 lithium pegmatites samples have been collected at

previously unexplored Dividend Gully prospect

6th June 2022

Summary and Highlights

• 8 possible LCT pegmatite samples collected from the Dividend Creek Historical Tantalum Prospect
• Assay results expected in Mid-June, with follow-up surface exploration also set to commence in later in June or early July.
• 4,000m drill program at the Mount Hogan gold project continues to progress and will be finalised in Mid June.

Gold Copper and Lithium explorer ActivEX Limited (ASX: AIV) ("ActivEX" or "the Company") is pleased to provide an update on the LCT sampling program (Lithium Caesium Tantalum) recently undertaken at Dividend Creek, which hosts the historical tantalum prospect that sits within its Gilberton project in North Queensland.

A total of 8 rock (pegmatite) samples from Dividend Gully have been submitted to ALS geochemistry in Townsville for multi-element geochemistry testing with results expected in Mid-June.

Results from the initial sampling program are expected Mid-June, with follow-up surface exploration also set to commence in the coming weeks.

Managing Director Mark Derriman commented: "The completion of our first round of pegmatite sampling marks an exciting step forward at Gilberton, which is prospective for gold and lithium. Dividend Creek is one of a number of unexplored historic tantalum occurrences at Gilberton which will now be tested for lithium mineralisation. Alongside those studies, the Company continues to advance a 4,000m Drill Program at the Mount Hogan gold prospect, were ~3,900m of drilling has been completed to-date.Updated drill results for the first half of the drilling program Mt Hogan gold prospect are also expected in the coming weeks."

1 l Ph [phone] l www.activex.com.au

This announcement is authorised by the Board of ActivEX Limited

For further information contact: Mr Mark Derriman, Managing Director

LITHIUM PEGMATITE SAMPLING UNDERWAY AT GILBERTON

GILBERTON GOLD and LITHIUM PROJECT - North Queensland only(EPMs 18615, 18623, 26232 and 26307 - ActivEX 100%)

The Company is currently drilling at is Mt Hogan Gold Project where the Company is testing a 7km geochemical trend at 100-200ppb Au comprising sericite/chlorite altered Mt Hogan Granite with multiple flat dipping auriferous quartz l des. To date approximately 50% of a 4,000m RC/Core drilling program have been completed. Drilling is expected to be finalised in mid-June with results from the half of the program expected in Mid-June and the results from the

useS cond Half of the program to be completed soon and expected towards the End of July.

In addition to the gold focus at Gilberton there are several unexplored historic tantalum occurrences that will be evaluated for LCT (Lithium Caesium Tantalum) and to that end, 8 samples have been collected and submitted for geochemical analyses at the Townsville ALS Geochemical Laboratory with results expected in Mid-June.

The Dividend Gully and Sandy Grant Creek Alluvials Prospects are located in the north of EPM18615 of Gilberton Project (Figure1). These 2 prospects form part of Mountain Maid metallogenic camp (Figure 2) with host rocks comprising Digger Creek Granite (Medium to coarse grained granite with muscovite pegmatite phases) and the

Daniel Creek Formation comprising mica schist, phyllite and gneiss and represents a large roof pendant over the personalRobin Hood Granodiorite. (See Photos 1 to 3 below). The pegmatites, which are the focus of the lithium exploration

re hosted within the Daniel Creek Formation.

Dividend Gully and Sandy Grant Creek Alluvials Prospects as shown in Figure 2 are listed as tantalum mineral occurrences in Qld database. In the field several E-W and NNE-SSW pegmatite dykes were observed intruding into the Daniel Creek Formation at the 2 prospects and within the Mountain Maid Metallogenic Camp outlined in blue

.The Digger Creek Granite is shown in red within the Mountain Maid Metallogenic Camp. Pegmatites have also been observed at the Homeward Bound Prospect to the NE of Dividend Gully and Sandy Grant Creek.

For

2 l Ph [phone] l www.activex.com.au

For personal use only

LITHIUM PEGMATITE SAMPLING UNDERWAY AT GILBERTON

Figure 1. ActivEX Limited Queensland

Projects and tenements

Figure 2 Dividend Gully and Sandy

Creek Alluvials Geology Location Map

(below)

3 l Ph [phone] l www.activex.com.au

For personal use only

LITHIUM PEGMATITE SAMPLING UNDERWAY AT GILBERTON

Photo 1 Photo Showing Sampling the Dividend Gully Pegmatite

Photos 2 & 3 (above and left) showing the coarse grained muscovite pegmatites at Dividend Gully (Left) and Mountain Maid (Right) Prospects

4 l Ph [phone] l www.activex.com.au

APPENDIX 1: DECLARATIONS UNDER 2012 JORC CODE

The information in this report which relates to Exploration Results is based on information reviewed by Mr. Mark Derriman, who is a member of
only
The Australian Institute of Geoscientists (1566) and Mr. Xusheng Ke, who is a Member of the Australasian Institute of Mining and Metallurgy
(310766) and a Member of the Australian Institute of Geoscientists (6297).
Mr. Mark Derriman and Mr. Xusheng Ke have sufficient experience that is relevant to the style of mineralisation and type of deposit under
co	sideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian
C	de for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Mr. Mark Derriman and Mr. Xusheng Ke consent to the inclusion of his name in this report and to the issue of this report in the form and context in which it appears.

useTh re has been no sampling of the pegmatites mentioned in this report with the pegmatites occurrences mentioned in a previous announcement (see below). The announcement is simply a market update that sampling has commenced and is ongoing.

Previous Disclosure - 2012 JORC Code

Information relating to Mineral Resources, Exploration Targets and Exploration Data associated with previous disclosures relating to the Pentland Gold Project in this report has been extracted from the following ASX Announcements:

• ASX announcement titled "Gilberton and Ravenswood Gold Projects Exploration Update" dated 28 October 2020.
• ASX announcement titled "Highly encouraging results from the Gilberton Gold Project" dated 10 September 2021
• ASX announcement titled "Georgetown Lithium Potential to be assessed" dated 15 November 2021
• ASX announcement titled "Lithium and other Critical Matal analyses at the Gilberton Project" dated 27 January 2022

personalC pies of reports are available to view on the ActivEX Limited website www.activex.com.au. These reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms

that it is not aware of any new information or data that materially affects the information included in the original market announcements. For

5 l Ph [phone] l www.activex.com.au