Gold X2 signs deal to acquire Coldstream property

Executive Summary

• Gold X2 Mining Inc. has entered into a property purchase agreement to acquire the Coldstream mineral exploration claims in Ontario from an arm's-length party.
• The acquisition adds 939 hectares to Gold X2's land position, further consolidating its holdings within the Shebandowan greenstone belt.
• The transaction involves an initial cash payment of $200,000, a final payment of $200,000 due within 12 months, and the granting of a 2% Net Smelter Return (NSR) royalty to the vendor.

Key Details

• Target Property: Coldstream claims, located in the province of Ontario.
• Land Size: 939 hectares added to the company's portfolio.
• Strategic Impact: Consolidates Gold X2's land position and enhances exploration potential across the Shebandowan greenstone belt.
• Consideration Structure:
  • Initial Payment: $200,000 cash paid upon execution.
  • Final Payment: $200,000 cash payable on or before 12 months from the effective date.
  • Royalty: A 2% Net Smelter Return (NSR) royalty granted to the vendor upon completion.
  • Royalty Repurchase Option: The company has the right to repurchase 1% of the NSR royalty for $500,000 within 30 days of commercial production.
• Operational Status: Gold X2 acts as the operator of the property from the execution of the agreement until transaction completion.
• Company Context (Moss Project): The release notes the company's primary focus on the Moss gold project, which holds a 2024 NI 43-101 resource estimate of 1.54 million ounces of indicated gold (1.23 g/t) and 5.20 million ounces of inferred gold (1.11 g/t).