QcX Gold Completes Acquisition

Executive Summary

• QcX Gold Corp. acquired multiple strategically located mining claim blocks in the Batchawana Bay area of northern Ontario.
• Consideration consisted of 6,000,000 common shares (deemed $0.28 per share) and a cash payment of $15,000.
• A 3% net smelter royalty was granted to the vendor, with an option for QcX to purchase up to 1.5% of that royalty for $1,000,000.

Key Details

• Acquisition Agreement: Signed on October 14 2025 with an arm’s‑length vendor.
• Consideration Paid:
• 6,000,000 QcX common shares issued at a deemed price of $0.28 per share (total equity consideration ≈ $1.68 M).
• Cash payment of $15,000 made at closing.
• Statutory Hold Period: All issued securities subject to a four‑month‑plus‑one‑day hold period under applicable securities laws.
• Royalty Arrangement: Vendor receives a 3% net smelter returns (NSR) royalty on the acquired property. QcX holds an option to purchase up to 1.5% of the NSR for $1,000,000, reducing the vendor’s royalty to 1.5%.
• Property Location: Batchawana Bay area, northern Ontario – strategically positioned near existing exploration targets.
• Strategic Rationale: Expands QcX’s land package in a region with known gold and VMS‑style mineralization potential, complementing its Golden Giant and Fernet projects.

Notable Quotes

(No direct quotes were provided in the release.)