Gold X2 Mining Defines Additional High Grade Corridors with Intersects of 87.0m of 1.75 g/t Au and 83.0m @ 1.56 g/t Au at QES Zone Grade Control Drilling

The most recent news (February 24, 2026) reports final assay results from the QES Zone grade control drill program at the Moss Gold Project. The program (58 holes, 11,004m) confirmed wide, near-surface high-grade shear corridors with intercepts including 49.0m of 1.86 g/t Au and 51.5m of 1.77 g/t Au. While primary shear grades were confirmed, the company noted a 13% drop in overall grade compared to the model, which was offset by the discovery of additional low-grade secondary shears that replace waste rock. This follows the January 30, 2026, results from the Main Zone which showed a similar trend: 23% larger intercept lengths but 8% lower average grade.

The impact is Material - Positive. While the slight grade dilution (8-13%) in grade control drilling might initially seem negative, the discovery of secondary shears replacing waste rock is a significant net positive for mine economics. It suggests a more consistent and continuous mineralized system than previously modeled, which typically leads to lower strip ratios and higher tonnage in a mining scenario. More importantly, this technical de-risking coincides with the massive $43.16M financing (February 19, 2026) and the January 2026 PEA which outlined a robust After-tax NPV5% of $2.23B. The entry of AngloGold Ashanti as a strategic investor provides the ultimate technical and financial validation for the project.

Gold X2 Mining (formerly Goldshore Resources) is focused on the Moss Gold Project in Northwest Ontario. The project is a district-scale land package (28,977 hectares) with exceptional infrastructure (Trans-Canada highway and power within 12km). - Flagship: Moss Gold Project. - PEA Metrics: 265k oz Au/year production, 13.2-year mine life, $2.23B NPV, 22.1% IRR. - Resource: 2.12M oz Au Indicated (@ 1.03 g/t) and 3.91M oz Au Inferred (@ 0.97 g/t).