AUXX.V · 2026-04-13 12:00:00

Gold X2 QES Drilling Intercepts 100.75m of 1.50 g/t Au from 495m Including 14m of 3.94 g/t Au from 542m at the Base of the Resource Pit

Drill Results

Gold X2 QES Drilling Intercepts 100.75m of 1.50 g/t Au from 495m Including 14m

of 3.94 g/t Au from 542m at the Base of the Resource Pit

• Significant intercept at the base of the RPEEE open pit demonstrates the potential to deepen the open pit or

to host potential underground mineralization with additional drilling

• 14m of 3.94 g/t Au higher grade sub-interval demonstrate the potential for underground mineralization

• Peripheral shears intersected on the southern side of the QES shear zone are outside of the current RPEEE

demonstrating the potential for resource growth

VANCOUVER, B.C., April 13, 2026: Gold X2 Mining Inc. (TSXV: AUXX / OTCQB: GSHRF /

FWB: DF8) (“Gold X2” or the “Company”) is pleased to announce the first batch of assays from

the drillhole extension program targeting the bottom of the RPEEE (Reasonable Prospect for

Eventual Economic Extraction) pit shell within the QES Zone at the Moss Gold Project in

Northwest Ontario, Canada (the “Moss Gold Project”).

Michael Henrichsen, CEO of Gold X2 commented, "We continue to be encouraged by our infill

drill program targeting the bottom of the open pit at the QES Zone. The long widths of plus 1 g/t

Au with higher grade intervals above 3 g/t Au demonstrate the optionality of fered by the Moss

Gold Project. We are looking at the potential to both deepen the open pit and/or pursue

underground mining scenarios with the support of additional drilling.

The Company is currently planning to increase the number of drills on site moving from 3 to 5

over the next month as we look to aggressively pursue resource growth in 2026.”

Highlights

• Five drillholes, drilled as part of the 2025 drilling program and targeting the Superion Zone,

were extended to infill gaps in the resource model where no grade was interpolated

because of sparse drilling, as well as low grade Inferred blocks in the base of the current

RPEEE pit shell. Results confirmed the broad low-grade intercepts across the QES Zone

in this volume with localized higher grades in shears. Select intercepts include:

o 51.0m of 0.73 g/t Au from 473.0m in MQD-25-148, and

o 29.25m of 0.61 g/t Au from 531.0m

o 55.0m of 0.97 g/t Au from 507.0m in MQD-25-176, including

 19.2m of 1.35 g/t Au from 517.0m, and

o 45.2m of 0.57 g/t Au from 570.0m

o 88.6m of 0.96 g/t Au from 481.4m in MQD-25-177, including

 46.8m of 1.36 g/t Au from 500.0m, and

o 26.05m of 1.11 g/t Au from 581.85m, including

 2.05m of 8.49 g/t Au from 587.2m

o 78.0m of 0.90 g/t Au from 523.0m in MQD-25-180, including

 6.6m of 4.59 g/t Au from 552.0m

o 100.75m of 1.50 g/t Au from 494.0m in MQD-25-181, including

 48.0m of 2.34 g/t Au from 521.0m, including

• 14.0m of 3.94 g/t Au from 542.0m

Technical Overview

The results of the extension drill holes are illustrated in the following figures and tables. Figure 1

shows the location map of the drill holes reported in this release. Figure 2 provides a type cross-

section through drill hole MQ D-25-181. The results are summarized in Tables 1 and 2, which

include significant intercepts (Table 1) and drill hole locations (Table 2).

Figure 1: Shows the location of the hole extensions across the core shears in the QES Zone

Figure 2: Shows a type section through MQD-25-181 with intercepts relative to the resource model in the RPEEE pit

Gold X2 identified nine holes from its 2025 Superion exploration program to be extended through

the core shears of the QES Zone to infill the drill spacing near the bottom of the RPEEE pit shell.

The infill will support the upgrading of the existing I nferred mineralized resource to I ndicated. It

will also add to the Mineral Resource where the data spacing has been too sparse to interpolate

gold grades into the shear domains. The holes were extended 50 -100m past the edge of the

RPEEE pit to intersect additional marginal shears that may provide support for a larger pit

scenario.

The first five holes – MQD-25-148, -176, -177, -180 and -181 – resumed drilling within the gabbro-

diorite within the diorite complex. The holes each intersected a similar wide section of moderate

to strongly sheared sericite- hematite-silica altered granodiorite containing 2- 3% pyrite ±

chalcopyrite within the core shears outlined in the highlighted intercepts section above. The

drilling was then extended through the diorite complex into the southern dacitic volcanics

containing multiple 5-10m wide diorite a nd granodiorite dykes. These dykes were locally weak -

moderately sheared with similar sericite- hematite-silica alteration as seen in QES returning

intercepts including 8.6m of 1.86 g/t Au from 616.4m, including 3.0m of 4.58 g/t Au from 618m in

MQD-25-148, 18.6m of 1.28 g/t Au from 641.3m, including 14.55m of 1.53 g/t Au from 643.45m

in MQD- 25-176, 21.4m of 0.5 g/t Au from 625m in MQD -25-177, 18.5m of 1.03 g/t Au from

611.5m, including 8.6m of 1.94 g/t Au from 617.0m in MQD -25-180, and 8.25m of 2.16 g/t Au

from 634.15m in MQD-25-181.

Results from the final four holes are yet to be received.

Figure 3: Hole MQD-25-180 Extension: Sheared, sericite-silica-hematite altered granodiorite yielding high grade

intercepts of 6.6m of 4.59 g/t Au from 552.0m, part of a greater intercept of 78.0m of 0.90 g/t Au from 523.0m.

As part of the move to infill drilling, Gold X2 conducted an exercise to evaluate PhotonA ssay™

as an analytical technique that would offer a faster turnaround time at a more inexpensive price.

The Company collected pulps from 2000 samples required for umpire test work and had them

analysed by for PhotonAssay™ and fire assay by Paragon Geochemical. The analysis showed a

P95 coefficient of variation (CV) of 8.3 % with a 2.2% high bias toward fire assay results (Figure

4) for all samples above 0.1 ppm Au. This is within analytical precision of the methods for

mineralized samples and was found to be acceptable for the Company to make the transition to

PhotonAssay™ for routine analysis. A percentage of submitted samples will continue to compare

PhotonAssay™ and fire assay techniques to monitor performance over time.

Figure 4: Comparison of Paragon PhotonAssay™ vs Paragon fire assay on pulp splits from previous drilling.

Table 1: Significant intercepts

HOLE ID FROM TO LENGTH (m) TRUE WIDTH

(m)

CUT GRADE

(g/t Au)

UNCUT GRADE

(g/t Au)

MQD-25-148 282.00 284.00 2.00 1.5 0.57 0.57

MQD-25-148 290.00 292.00 2.00 1.5 3.03 3.03

MQD-25-148 329.00 331.00 2.00 1.5 0.75 0.75

MQD-25-148 456.05 459.00 2.95 2.2 0.38 0.38

MQD-25-148 473.00 524.00 51.00 39.0 0.73 0.73

MQD-25-148 476.00 479.00 3.00 2.3 1.22 1.22

MQD-25-148 504.00 510.00 6.00 4.6 1.58 1.58

MQD-25-148 516.60 523.00 6.40 4.9 1.01 1.01

MQD-25-148 531.00 560.25 29.25 22.6 0.61 0.61

MQD-25-148 549.00 560.25 11.25 8.7 1.16 1.16

MQD-25-148 572.00 597.00 25.00 19.5 0.74 0.74

MQD-25-148 573.00 580.25 7.25 5.6 1.31 1.31

MQD-25-148 603.00 608.00 5.00 3.9 0.94 0.94

MQD-25-148 606.00 608.00 2.00 1.6 1.09 1.09

MQD-25-148 616.40 625.00 8.60 6.7 1.86 1.86

MQD-25-148 618.00 621.00 3.00 2.4 4.58 4.58

MQD-25-148 635.00 637.00 2.00 1.6 0.30 0.30

MQD-25-148 643.00 645.00 2.00 1.6 0.47 0.47

MQD-25-176 293.00 298.00 5.00 3.5 1.64 1.64

MQD-25-176 369.00 371.00 2.00 1.4 0.41 0.41

MQD-25-176 381.00 393.00 12.00 8.7 0.51 0.51

MQD-25-176 439.00 443.00 4.00 2.9 0.40 0.40

MQD-25-176 491.00 501.00 10.00 7.4 1.00 1.00

MQD-25-176 492.00 495.00 3.00 2.2 2.64 2.64

MQD-25-176 507.00 562.00 55.00 41.2 0.97 0.97

MQD-25-176 517.00 536.20 19.20 14.3 1.35 1.35

MQD-25-176 543.70 551.00 7.30 5.5 1.87 1.87

MQD-25-176 570.00 615.20 45.20 34.5 0.57 0.57

MQD-25-176 586.00 592.00 6.00 4.6 1.31 1.31

MQD-25-176 641.30 659.90 18.60 14.3 1.28 1.28

MQD-25-176 643.45 658.00 14.55 11.2 1.53 1.53

MQD-25-177 274.00 276.40 2.40 1.7 0.94 0.94

MQD-25-177 391.00 394.00 3.00 2.2 0.39 0.39

MQD-25-177 481.40 570.00 88.60 67.3 0.96 0.96

MQD-25-177 500.00 546.80 46.80 35.6 1.36 1.36

MQD-25-177 565.00 570.00 5.00 3.8 1.75 1.75

MQD-25-177 581.85 607.90 26.05 20.1 1.11 1.22

MQD-25-177 587.20 589.25 2.05 1.6 8.49 9.89

MQD-25-177 596.60 602.00 5.40 4.2 1.16 1.16

MQD-25-177 625.00 646.40 21.40 16.7 0.50 0.50

MQD-25-177 625.50 628.00 2.50 1.9 1.24 1.24

MQD-25-180 416.15 421.00 4.85 3.5 0.31 0.31

MQD-25-180 438.00 440.00 2.00 1.5 0.88 0.88

MQD-25-180 454.00 468.00 14.00 10.3 0.40 0.40

MQD-25-180 474.00 512.00 38.00 28.2 0.59 0.59

MQD-25-180 504.00 507.00 3.00 2.2 2.49 2.49

MQD-25-180 523.00 601.00 78.00 58.8 0.90 1.00

MQD-25-180 532.00 538.00 6.00 4.5 1.20 1.20

MQD-25-180 552.00 558.60 6.60 5.0 4.59 5.80

MQD-25-180 568.10 572.00 3.90 2.9 1.29 1.29

MQD-25-180 582.00 584.35 2.35 1.8 2.73 2.73

MQD-25-180 611.50 630.00 18.50 14.1 1.03 1.03

MQD-25-180 617.00 625.60 8.60 6.6 1.94 1.94

MQD-25-180 685.85 703.80 17.95 13.9 0.74 0.74

MQD-25-181 420.00 425.00 5.00 3.5 0.36 0.36

MQD-25-181 494.00 594.75 100.75 73.1 1.50 1.50

MQD-25-181 509.00 511.00 2.00 1.4 1.78 1.78

MQD-25-181 521.00 569.00 48.00 34.9 2.34 2.34

MQD-25-181 583.00 588.00 5.00 3.7 3.15 3.15

MQD-25-181 625.00 628.85 3.85 2.9 0.74 0.74

MQD-25-181 634.15 642.40 8.25 6.1 2.16 2.16

MQD-25-181 650.10 654.85 4.75 3.5 0.30 0.30

MQD-25-181 661.00 667.00 6.00 4.5 0.47 0.47

Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste

interval of 5 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are

those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and

assume a subvertical body.

Table 2: Drill Collars

HOLE EAST NORTH RL AZIMUTH DIP EOH

MQD-25-148 669,907 5,379,915 428 155.1 -44.8 645.00

MQD-25-176 669,941 5,379,939 428 155.2 -49.0 678.00

MQD-25-177 669,867 5,379,892 428 157.1 -48.6 651.00

MQD-25-180 669,706 5,379,798 428 157.6 -50.2 705.00

MQD-25-181 669,791 5,379,844 428 156.5 -48.6 681.10

Analytical and QA/QC Procedures

All drill core is HQ diameter drill core has been visually validated in the core shack, rotated, and

reconnected. Structural orientation data was captured by acoustical and optical televiewer

operated by DGI Geosciences. All core has been sawed in half cut just off a geologist established

cutline aligned 90° from the apex of the foliation, with the right half (looking down hole) of the core

bagged and sent a third-party analytical laboratory. The left half of the core was returned to core

boxes and is stored at Gold X2’s Kashabowie core yard facility.

All samples were sent to Paragon Geochemical in Timmins for sample preparation. Samples were

analysed for gold via PhotonAssay™ (“PA-AU02”) by Paragon’s laboratory in Hamilton and then

shipped to Activation Laboratories (ActLabs) Ancaster for 60 pathfinder elements via ICP -MS

after four-acid digestion (“UT-6”). Paragon and ActLabs are accredited by the Standards Council

of Canada (SCC) for the Accreditation of Mineral Analysis Testing Laboratories and CAN -P-4E

ISO/IEC 17025.

In addition to Paragon quality assurance / quality control (“ QA/QC”) protocols, Gold X2 has

implemented a quality control program for all samples collected through the drilling program. The

quality control program was designed by a qualified and independent third party, with a focus on

the quality of analytical results for gold. Analytical results are received, imported to our secure on-

line database and evaluated to meet our established guidelines to ensure that all sample batches

pass industry best practice for analytical quality control. Certified reference materials are

considered acceptable if values returned are within three standard deviations of the certified value

reported by the manufacture of the material. In addition to the certified reference material, certified

blank material is included in the sample stream to monitor contamination during sample

preparation. Blank material results are assessed based on the returned gold resul t being less

than ten times the quoted lower detection limit of the analytical method. The results of the on -

going analytical quality control program are evaluated and reported to Gold X2 by Orix

Geoscience Inc.

Qualified Person

Peter Flindell, PGeo, MAusIMM, MAIG, Chief Operating Officer, of the Company, and a qualified

person under National Instrument 43 -101 – Standards of Disclosure for Mineral Projects , has

approved the scientific and technical information contained in this news release.

Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill

program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed

and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with

responsible site staff; discussed and reviewed assay and QA/QC results with responsible

personnel; and reviewed supporting documentation, including drill hole location and orientation

and significant assay interval calculations. He has also overseen the Company’s health and safety

policies in the field to ensure full compliance, and consulted with the Project’s host indigenous

communities on the planning and implementation of the drill program, particularly with respect to

its impact on the environment and the Company’s remediation protocols.

About Gold X2 Mining

Gold X2 is a growth -oriented gold company focused on delivering long- term shareholder and

stakeholder value through the acquisition and advancement of primary gold assets in tier -one

jurisdictions. It is led by the ex -global head of structural geology for the world’s largest gold

company and backed by one of Canada’s pre- eminent private equity firms. The Company’s

current focus is the advanced stage 100% owned Moss Gold Project which is positioned in

Ontario, Canada, with direct access from the Trans -Canada Highway, hydroelectric power near

site, supportive local communities and skilled workforce. The Company has invested over $100

million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold

Project, which, in aggregate, has had over 300,000 meters of drilling. The 2026 updated NI 43 -

101 mineral resource estimate (“MRE”) for the Moss and East Coldstream Deposits has expanded

to 2.458 million ounces of Indicated gold resources at 1.04 g/t Au, contained within 73.8 million

tonnes and 4.209 million ounces of Inferred gold resources at 0.97 g/t Au contained within 134.7

million tonnes. The Moss Deposit also has a silver MRE of 3.160 million ounces of indicated silver

resources at 1.53 g/t Ag contained within 64.3 Mt and 6.273 mill ion ounces of inferred silver

resources at 1.55 g/t Ag contained within 125.9 Mt. Results of a preliminary economic assessment

(“PEA”) of the Moss Gold Project suggest the potential for the deposit to support a long-life mining

operation with a strong production profile and low production costs. The MRE and PEA are

supported by a NI 43-101 technical report for the Moss Gold Project available on the Company’s

website and under the Company’s issuer profile on SEDAR+. For more information, please visit

SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldx2.com).

For More Information – Please Contact:

Michael Henrichsen

President, Chief Executive Officer and Director

Gold X2 Mining Inc.

E: [email protected]

W: www.goldx2.com

T: 1-604-404-4335

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

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