ActivEX : Surface Exploration Completed at Georgetown Project

Lithium and Gold Surface Exploration Completed at the Georgetown

ASX Code: AIV

Issued Capital

216,202,577 ordinary shares (AIV)

Market Capitalisation $10.81M (21st April 2022, $0.050)

Directors

Min Yang (Chairman, NED)

Mark Derriman (Managing Director) Geoff Baker (NED)

Dongmei Ye (NED) Andrew Bald (NED)

Louis Chien (Alternate Director to Min Yang)

About ActivEX

ActivEX Limited is a minerals exploration company committed to the acquisition, identification, and delineation of new resource projects through active exploration.

The ActivEX portfolio is focussed on gold copper and critical metal projects, with substantial tenement packages in the north and southeast Queensland.

Suite 2, 3B Macquarie Street Sydney, NSW 2000

[e-mail]

Phone [phone]

ABN 11 113 452 896

22nd April 2022

Project with several pegmatites sampled.

Gold Copper and Lithium explorer ActivEX Limited (ASX: AIV) ("ActivEX" or "the Company") advises that initial surface exploration was completed at the Georgetown Lithium and Gold Project on the 15th April with a total of 66 soil, 34 rock and 13 stream samples collected and taken to the ALS geochemistry laboratory in Townsville for gold and multi element analyses including lithium and rare earths.

Summary and Highlights

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Pegmatites sampled in the Forsayth and Leichardt Creek Tenements

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Assays due back in late May 2022

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Field Based Exploration within the 100% owned Georgetown Gold and Lithium Project was completed on the 15th April. This work involved surficial geochemical exploration - rock. soil and stream sediment sampling targeting possible LCT pegmatites and gold mineralisation.

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Grid based soil sampling was completed across a folded sequence within the Leichardt Creek tenement comprising Cobbold Dolerite and Lane Creek micaceous metasediments that had been intruded by both granite and pegmatite. This geological setting is similar to the ground held by unlisted explorer Strategic Metals Australia Buchanan Lithium Project immediately to the west.

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Drilling starts at Gilberton in week commencing 25th April 2022

Figure 1. ActivEX Limited Queensland Projects and tenements

GEORGETOWN GOLD AND LITHIUM PROJECT - North Queensland

(EPMs 27805, 27811, 27812, 28277 & EPM Application 28120 - ActivEX 100%)

The Georgetown Gold Project (Figure 1) 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 Project is in an area which is prospective for several metals, precious and base, in addition to rare earths (Au, Ag, Cu, Ta-Nb, Co, Sn, W and Li) over a wide range of deposit styles.

In 2020, the Company completed a broad Mineral Prospectivity Analysis of the Georgetown region and applied for tenements to the south and southwest of Georgetown (Figure 5), three of which have now been granted1. Through the study of Geological Site Observation Database (Published by Geological Survey of Queensland), the Company identified a historic lithium prospect (Buchanan) to the NW and historic tantalum prospects to the west of EPM 27812 (Figure 1). Geological Survey of Queensland Sub-Project #6, Queensland Government Exploration Initiative Report Completed in 2018 entitled "Metallogenic Study of the Georgetown, Forsayth and Gilberton Regions, North Queensland, Dr G. Morrison, etc, developed a new metallogenic database, GIS and interpretation for the Georgetown region of North Queensland and highlighted a number of "mineral camps" shown blue polygons in Figure 2. The metallogenic camp labelled Glenrowan extends from EPM 27812 north east towards the Buchannan's Lithium/Tantalum Prospect and includes a suite of felsic intrusives and micaceous schists.

1 See ASX Announcement dated 15 Sept 2021

Figure 2. Georgetown Gold Project showing location EPM 27812, Lithium/Tantalum prospects and metallogenic camps (After Dr Gregg Morrison & Dr Simon Beams et al 2019 Metallogenic Study of the

Georgetown, Forsayth and Gilberton Regions Nth Qld)

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 2). 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 Leichardt 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.

Figure 3. Georgetown Gold Project showing location of the samples collected