Gold X2 Drills 117m of 1.12g/t Au, Including 10m of 4.37g/t Au; High-Grade Zone Intersected 280m Beneath the Resource Pit Demonstrating Underground Potential at the Moss Gold Deposit

The most recent news (March 3, 2026) reports initial drilling results from the QES Zone at the Moss Gold Project. The company intersected 117.0m of 1.21 g/t Au, which includes a high-grade shoot of 10.0m at 4.37 g/t Au and 5.0m at 7.24 g/t Au. Crucially, this high-grade mineralization was found 280 meters below the current resource pit shell. This demonstrates the potential for the open-pit project to transition into or include an underground mining operation, significantly extending the depth potential of the Moss Gold Deposit.

The impact is Material - Positive. While the company recently closed a "Game Changer" financing with AngloGold Ashanti, these drill results provide the first technical validation of the "underground potential" thesis mentioned in previous reports. - Depth Extension: Intersecting high-grade mineralization 280m below the PEA pit shell suggests the resource is far from delimited. - Grade Continuity: The 117m intercept confirms that the broad mineralized system remains robust at depth, while the 10m and 5m high-grade sub-intervals provide the "sweeteners" necessary for underground economic viability. - Strategic Alignment: These results justify the recent $115.9M capital raise and the entry of AngloGold Ashanti, who typically seek "Tier One" assets (large scale, long life).

Gold X2 Mining (formerly Goldshore Resources) is focused on the Moss Gold Project in Northwest Ontario. The project is a district-scale land package (approx. 29,000 hectares) with exceptional infrastructure (Trans-Canada highway and high-voltage power within 12km). - Flagship: Moss Gold Project. - Current Resource: 1.54M oz Indicated @ 1.03 g/t Au and 3.91M oz Inferred @ 0.97 g/t Au (per Jan 2026 PEA update). - PEA Metrics: After-tax NPV5% of CAD $2.23B and IRR of 22.1% at US $2,750 gold.