Gold X2 Enters Definitive Property Purchase Agreement with Bold Ventures Inc. and Completes Coldstream Claims Acquisition

Gold X2 Mining Inc. (AUXX) has entered into a definitive property purchase agreement to acquire specific mineral claims from Bold Ventures Inc. The transaction involves C$500,000 in cash, 150,000 common shares, and a 2.00% NSR royalty on all Canadian Critical Minerals derived from the claims. This deal closes a binding Letter of Intent announced on September 21, 2026, and is subject to TSX Venture Exchange approval.

The company also confirmed the successful completion of its previously announced acquisition of the Coldstream Claims in Ontario. An updated NI 43-101 Mineral Resource Estimate (MRE) for the Moss and East Coldstream Deposits was released, showing the following resources:

• 2.458 million ounces of Indicated gold at 1.04 g/t Au
• 4.209 million ounces of Inferred gold at 0.97 g/t Au
• 3.160 million ounces of Indicated silver at 1.53 g/t Ag
• 6.273 million ounces of Inferred silver at 1.55 g/t Ag

A Preliminary Economic Assessment (PEA) supports the potential for a long-life, low-cost mining operation.

Gold X2 Mining Inc. (AUXX) has completed the acquisition of Coldstream, finalizing the definitive agreement with Bold Ventures that was originally outlined in a previously announced letter of intent. The company’s share price has already incorporated the strategic thesis, the January 2026 Preliminary Economic Assessment (PEA), and the February 2026 strategic financing.

The updated Mineral Resource Estimate (MRE) aligns precisely with the resource figures disclosed in the September 21 corporate update, indicating no surprise upside or downside. The addition of critical mineral royalty upside from Bold Ventures provides a minor diversification layer but does not alter the core gold-focused economics.

This news is incremental and follows the standard corporate development timeline. It validates management's land assembly strategy and resource expansion efforts but does not introduce new financial metrics, revised guidance, or unexpected catalysts.

The stock’s recent decline from its March peak to the current $5.24 level reflects broader market rotation and profit-taking following the initial strategic financing and NYSE American listing.

Gold X2 Mining Inc. (AUXX) is a Canadian gold exploration and development company focused on the Moss Gold Project in Northwest Ontario. The flagship Moss Gold Project is a 100%-owned, district-scale asset featuring a Reasonable Prospects for Eventual Economic Extraction (RPEEE) pit shell.

The project has undergone extensive drilling, including approximately 300,000 meters of historical drilling and roughly 100,000 meters by Gold X2, alongside grade control programs and a Preliminary Economic Assessment (PEA). The PEA outlines a 30,000 t/d open-pit operation with a 13.2-year mine life, targeting an after-tax net present value (NPV) of $2.23 billion at a base case gold price of $2,750/oz and an internal rate of return (IRR) of 22.1%.

The company has expanded its contiguous land package to over 40,000 hectares in the Shebandowan Greenstone Belt through acquisitions of Kesselrun, Star Lake, and now Bold Ventures/Coldstream claims.