Reflex Advanced Materials Corp. announced the completion of the Company's 2023 Phase One drill program (the " Program") at its Ruby Graphite Project (the "Project") near Dillon, Montana. The Property is road accessible and is situated 22km southeast of Dillon.

Originally planned for only 16 holes, the program's impressive efficiencies allowed the Company to complete 22 holes, all reaching an average depth of 150 meters. The Company's geological team is now working on data compilation and assay results are expected in first quarter 2024. Drill Program Highlights: A total of 22 diamond drill holes were completed, totaling 3500m for the inaugural drill program on the Property; Average drilling depth of only 150m, due to indicated near surface mineralization of Cg across the Property.

First pass drilling tested multiple conductivity anomalies as well as north and northwest striking structures, with plans to follow up on the areas that return the best graphite (Cg) grades; The entire length of drill core has been sampled and is being analyzed by ALS Laboratory with expected results in first quarter 2024. Multi-element analysis as part of the assaying protocol has also been initiated to test the theory of the Ruby Project being a multi-mineral asset; and. The Program was designed to test geophysical anomalies identified during the Company's TDEM Helicopter Survey that was conducted earlier in the exploration season of 2023.

All holes utilized oriented core allowing the team to better understand the structural trends for targeting in future drill programs. Due to the late season Program, company expects assay results will be returned in mid fourth quarter 2023, and the Company looks forward to releasing them in the upcoming weeks. The technical information contained in this news release has been reviewed and approved by Greg Bell, P.Eng., General Manager of the Ruby Graphite Project, who is not independent of the issuer and is a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.