Grade Control Drilling at Moss Main Zone Defines Higher Grade Corridors Intersecting 78.4m of 1.44 g/t Au from 15.6m

Executive Summary

• Gold X2 released assay results from the third batch of its grade‑control drill program (19 shallow holes) in the Main Zone of the Moss Gold Project, showing extensive near‑surface, high‑grade gold intercepts that reinforce continuity of the shear corridors.
• Multiple wide intervals (>40 m) with grades ≥1 g/t Au were intersected, including several high‑grade zones such as 2.0 m @ 11.59 g/t Au and 5.1 m @ 5.60 g/t Au, supporting the company’s plan to upgrade Inferred resources to Indicated status ahead of an upcoming infill drill campaign.
• The data will be used to refine drill spacing (12.5‑m diamond pattern), improve resource modelling, supply material for metallurgical studies and de‑risk the Moss mineral resource estimate.

Key Details

• Overall Program: 19 shallow holes targeting marginal‑to‑core shears in the Main Zone; hole spacing 12.5 m diamond grid over a 100 m (strike) × 80 m (across strike) × 170–190 m depth area.
• Notable Intercepts (selected):
• MMD‑25‑228 – 73.1 m @ 1.08 g/t Au (37.9 m), including 9.95 m @ 2.65 g/t Au and 2.0 m @ 11.59 g/t Au.
• MMD‑25‑234 – 41.05 m @ 1.39 g/t Au (118.4 m), including 10.0 m @ 3.74 g/t Au.
• MMD‑25‑243 – 47.25 m @ 1.29 g/t Au (17.0 m), including 13.0 m @ 3.5 g/t Au.
• MMD‑25‑245 – 71.1 m @ 1.08 g/t Au (3.0 m), including 11.0 m @ 2.49 g/t Au and 16.2 m @ 5.59 g/t Au.
• MMD‑25‑246 – 78.4 m @ 1.44 g/t Au (15.6 m), including 18.2 m @ 3.41 g/t Au.
• MMD‑25‑247 – 68.0 m @ 1.22 g/t Au (6.0 m), including 4.0 m @ 5.48 g/t Au.
• Additional high‑grade intervals: 5.1 m @ 5.60 g/t Au (MMD‑25‑232), 4.0 m @ 8.32 g/t Au (MMD‑25‑233), 7.0 m @ 5.07 g/t Au (MMD‑25‑249).
• Cumulative Results: Combined with prior releases (Sept. 10 2025 & Oct. 29 2025) the program now totals 40 holes, delineating two parallel shear zones consistently >2.5 g/t Au over wide intervals.
• Purpose of Program:
• Validate drill spacing for resource upgrade (Inferred → Indicated).
• Provide half‑core samples for upcoming feasibility‑level metallurgical testing.
• Deliver mining‑grade precision data to de‑risk the Mineral Resource Estimate.
• QA/QC: Samples analysed by ALS Geochemistry (fire assay with AA finish; ICP‑MS for pathfinders); QA/QC includes certified reference and blank materials, re‑assay of >10 ppm Au samples via gravimetric fire assay.
• Qualified Person: Peter Flindell, P.Geo., VP Exploration, NI 43‑101 Qualified Person, approved all technical information.

Notable Quotes

“We are pleased with the latest batch of results that show long continuous broad intervals of gold mineralization that continue to align with our geological model… This information is crucial as we look to define higher grade zones that could positively impact the economic performance of the deposit moving forward.” – Michael Henrichsen, President & CEO

Materiality Assessment: Material – Positive (the high‑grade, wide intercepts materially enhance confidence in resource continuity and support upcoming resource upgrade and feasibility work).