QCX Gold enters deal to acquire 323 Ont. mining claims

Mr. Aaron Stone reports QCX GOLD ACQUIRES STRATEGIC PROJECT ADJACENT TO STERLING METALS' HIGH-GRADE COPPER DISCOVERY AT BATCHAWANA BAY, ONTARIO QCX Gold Corp. has entered into a mining claim acquisition agreement dated Oct. 20, 2025, with an arm's-length vendor, whereby the company will acquire several strategically located mining claim blocks in the Batchawana Bay area of Northern Ontario. The newly acquired property comprises 323 individual mining claims covering a large, contiguous land package that directly adjoins Sterling Metals Corp.'s Soo copper project, where Sterling recently announced an exceptional copper discovery highlighted by 262.5 metres grading 1.05 per cent copper equivalent, including 68.3 m of 3.25 per cent CuEq and 9.3 m of 19.8 per cent CuEq from near-surface drilling (see Sterling press release dated Sept. 29, 2025). QCX's new claims share over 6.6 kilometres of common boundary with Sterling's discovery zone, positioning the company in the heart of one of Canada's most promising emerging copper districts. Strategic and geological highlights: Prime location: The property is located within the Precambrian-aged Batchawana greenstone belt and associated metasedimentary sequences, situated along the eastern margin of the Mid-Continent Rift -- a prolific geological setting known for large porphyry-style copper systems. On trend with historic production: The claims lie along strike of the past-producing Tribag mine, which historically yielded copper, molybdenum, silver and gold. Strong geological continuity: The property displays identical stratigraphy and structural orientation to Sterling's discovery area, supported by historic soil geochemical anomalies and untested geophysical conductors, now ready for modern exploration follow-up. Immediate exploration catalysts: QCX plans to initiate a property-wide airborne magnetic survey in the near term to delineate high-priority copper-molybdenum-silver-gold porphyry targets. District-scale potential: With 323 contiguous claims and open ground nearby, the project provides ample room for expansion and joint venture optionality as exploration advances. Transaction As consideration for the property, the company will issue the vendor an aggregate of six million common shares at a deemed price of 28 cents per common share and will make a cash payment to the vendor in the amount of $15,000. All securities issued pursuant to the acquisition will be subject to a statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws. In addition, the company has granted a 3-per-cent net smelter return royalty on the property in favour of the vendor, subject to the ability of the company to purchase up to 1.5 per cent of the NSR (resulting in the remaining NSR being reduced to 1.5 per cent) for a purchase price of $1-million. The completion of the transaction contemplated by the agreement remains subject to the approval of all regulatory and other approvals, including the approval of the TSX Venture Exchange. Qualified person Kelly Malcolm, PGeo (PGO -- 2864), a director of QCX, a non-independent qualified person as such term is defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the geological information reported in this news release. The QP has not completed sufficient work to verify the historic information on the property, particularly with regard to historical sampling and regional government-mapped geology. However, the QP assumes that sampling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results. About QCX Gold Corp. QCX Gold is exploring for gold and volcanogenic massive sulphide style mineralization on its highly prospective and well-located properties in Quebec, Canada. The Golden Giant project is located in the James Bay region, only 2.9 kilometres from Azimut Exploration Inc.'s Patwon discovery on its Elmer gold project. The Fernet project is located in the Abitibi greenstone belt and is contiguous with Wallbridge Mining Company Ltd.'s Fenelon/Martiniere property. Both properties are in close proximity to major discoveries, which bodes well for exploration. We seek Safe Harbor.