Gold X2 Intersects Several Shallow, High-Grade Intercepts in the Superion Zone Including 6.10m of 10.4 g/t Au

• Event Type: Drilling Results Update (Superion Zone).
• Date: April 28, 2026.
• Key Discovery: First batch of assay results from 17 additional holes targeting new mineralized shears in the Superion Zone at the Moss Gold Project.
• Significant Intercepts:
  • MQD-26-361: 6.1m @ 10.4 g/t Au (including 2.05m @ 30.0 g/t Au).
  • MQD-26-348: 9.0m @ 5.18 g/t Au.
  • MQD-26-357: 4.15m @ 8.87 g/t Au (including 2.05m @ 30.0 g/t Au).
• Geological Context: Mineralization hosted in sericite-silica and strongly silicified shear zones containing pyrite and chalcopyrite-bearing quartz veining.
• Strategic Goal: Define high-grade shear zones within the current open pit shell to grow the Mineral Resource without expanding the mine footprint (improving strip ratio).
• Management Commentary: CEO Michael Henrichsen notes Superion continues to deliver high-grade, near-surface results and highlights potential for resource expansion within the existing pit.

• Expectation vs. Reality: The market has been anticipating high-grade infill drilling following the January 2026 Preliminary Economic Assessment (PEA) and February 2026 Strategic Financing. This news confirms the geological model established in previous releases (March/April 2026 QES and Superion results).
• Incremental Value: The intercepts validate the potential to convert modeled waste into ore within the existing pit shell, which supports the PEA's low strip ratio assumptions but does not fundamentally alter the project scale or economics announced in January.
• Catalyst Status: While positive, this is an execution milestone rather than a transformative event like the AngloGold Ashanti investment (February 2026). The financing and PEA were the primary value drivers; this drilling supports those narratives.
• Risk Assessment: No new material risks identified in this release. QA/QC procedures remain consistent with industry standards (ALS labs, fire assay).

• Company: Gold X2 Mining Inc., focused on the Moss Gold Project in Northwest Ontario, Canada.
• Flagship Asset: Moss Gold Project (100% owned), located in the Shebandowan Greenstone Belt.
• Project Status: Advanced exploration stage with Preliminary Economic Assessment completed and Feasibility Study targeted for 2027.
• Land Package: Expanded through acquisitions of Kesselrun Resources (Huronian/Bluffpoint projects) and Star Lake option, totaling over 40,000 hectares in the belt.
• Infrastructure: Direct access from Trans-Canada Highway, nearby hydroelectric power, supportive local communities.