Gold X2 Enters into Property Purchase Agreement

Executive Summary

• Gold X2 Mining Inc. entered a Purchase Agreement to acquire the Coldstream Claims in Ontario, adding 939 ha to its land base in the Shebandowan Greenstone Belt.
• The transaction includes an initial cash payment of $200,000 and a contingent second payment of $200,000 due within 12 months, plus a 2% NSR royalty granted to the vendor (with a 1% buy‑back option for $500,000).
• Acquisition consolidates Gold X2’s position in a tier‑one jurisdiction and is expected to enhance exploration potential for future gold development.

Key Details

• Property: Coldstream Claims, Province of Ontario – 939 hectares within the Shebandowan Greenstone Belt.
• Purchase Price:
• Initial cash payment: $200,000 (paid at signing).
• Final cash payment: $200,000 (payable on or before 12 months from effective date).
• Royalty Structure:
• Vendor receives a 2% net smelter return (NSR) royalty on the property.
• Gold X2 may repurchase 1% of the NSR royalty for $500,000 within 30 days of commercial production.
• Operator Status: Gold X2 will act as operator of the Property from execution of the Purchase Agreement until transaction completion.
• Strategic Rationale: Adds contiguous land to existing holdings, further consolidating Gold X2’s position and expanding exploration upside in a high‑grade gold belt.

Notable Quotes

(No direct quotes were provided in the release.)