Gold X2 completes acquisition of Kesselrun

Executive Summary

• Gold X2 Mining Inc. completed its previously announced plan of arrangement to acquire 100 % of Kesselrun Resources Ltd., adding the Huronian gold project and Bluffpoint gold project to its land package.
• The acquisition expands Gold X2’s contiguous land holdings in the Shebandowan greenstone belt to approximately 28,977 ha (including an additional 5,181 ha from Huronian and 9,134 ha from Bluffpoint).
• Management expects to commence exploration on the newly acquired properties in 2026, targeting high‑grade, near‑surface ounces and providing flexibility for future mine‑development infrastructure.

Key Details

• Transaction: Completion of a plan of arrangement; Gold X2 now owns all issued and outstanding common shares of Kesselrun Resources Ltd.
• Assets Acquired:
• Huronian gold project (100 % owned) – adds 293 contiguous unpatented mining claims + 4 patented cell claims (~5,181 ha).
• Bluffpoint gold project (100 % owned) – 449 mining claims covering ~9,134 ha in the Kenora mining division.
• Total Land Package: Moss gold project land package now totals ~28,977 ha after acquisition.
• Strategic Rationale:
• Enhances exploration potential along the southwest extension of the Moss trend.
• Provides optionality for infrastructure placement and mine‑development scenarios.
• Increases likelihood of defining near‑surface, high‑grade gold ounces from the Huronian deposit.
• Consolidates a central position within the emerging Shebandowan greenstone belt.
• Future Plans: Exploration to begin in 2026 with drilling of high‑potential targets along the Moss trend.
• Related Pending Transaction: Proposed acquisition of nine patents at the southwest end of the Moss gold belt (press release dated Oct. 28, 2025) – final payment expected October 2026.
• Qualified Person: Peter Flindell, P.Geo., VP Exploration, has reviewed and approved the scientific and technical information in this release under NI 43‑101.

Notable Quotes

“With this acquisition, Gold X2 is strategically positioned to unlock the full potential of the Moss gold project providing further exploration and discovery upside along with significant flexibility for mine development infrastructure.” – Michael Henrichsen, CEO, Gold X2 Mining Inc.