Trading Symbol: TSX Venture- CANX CANEX ACQUIRES 100% OF GOLD BASIN RESOURCES Calgary, Alberta - CANEX Metals Inc. (“ CANEX” or the “ Company”) (TSX.V:CANX) is pleased to announce that Gold Basin Resources Corporation (“ Gold Basin ”)
CANEX METALS INC.
SUITE 1620, 734 - 7
TH
AVENUE S.W., CALGARY, ALBERTA, T2P 3P8
PH: 403.233.2636 FAX: 403.266.2606
NEWS RELEASE: 26-14 JUNE 10, 2026
Trading Symbol: TSX Venture- CANX
CANEX ACQUIRES 100% OF GOLD BASIN RESOURCES
Calgary, Alberta - CANEX Metals Inc. (“ CANEX” or the “ Company”) (TSX.V:CANX) is
pleased to announce that Gold Basin Resources Corporation (“ Gold Basin ”)
(TSX.V:GXX) has completed the previously announced arrangement (the
“Arrangement”) with CANEX and CANEX now benefic ially owns, or exercises con trol
and direction over 100% of the issued and outstanding shares of Gold Basin.
In accordance with the terms of the Arrangement, CANEX acquired a l l t h e r e m a i n i n g
issued and outstanding commons shar es in the capital of Gold Ba sin (each a “ Gold
Basin Share”) for 0.592 of a common share of CANEX per Gold Basin Share.
The Arrangement was originally announced on May 12, 2026, and w as approved by
Gold Basin’s shareholders at a s pecial meeting held on June 4, 2026 (the “ Meeting”).
Gold Basin obtained a final or der in respect of the Arrangement from the Supreme
Court of British Columbia on June 9, 2026.
Shane Ebert, President of CANEX stated, “With this milestone co nsolidation
achievement CANEX can now concentrate its focus on unlocking th e value of the
combined Gold Basin and Gold Range properties which show tremen dous potential to
host large oxide gold deposits. W e are extremely honored to ha ve gained the trust and
overwhelming support of former shareholders of Gold Basin, and we will work diligently
and professionally to advance the Company in the best interest of our shareholders.”
About CANEX Metals
CANEX Metals (TSX.V:CANX) is a C anadian junior exploration comp any and is now
the 100% owner of Gold Basin. CANEX is advancing contiguous Gol d Range and Gold
Basin properties in Mohave County, Arizona. The combined proper ties contain
numerous drill defined gold deposit ranging up to 1.7 kilometre s in length and have
seen over 900 historic and current drill holes.
CANEX is also advancing the Louise Copper-Gold Porphyry Project in British Columbia.
Louise contains a large historic copper-gold resource that has seen very little deep or
lateral exploration, offering investors copper and gold discove ry potential. CANEX is led
by an experienced management team w hich has made three notable porphyry and bulk
tonnage discoveries in North Americ a and is sponsored by Altius Minerals (TSX: ALS),
a large shareholder of the Company.
“Shane Ebert”
Shane Ebert, President/Director
For Further Information Contact:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
Neither the TSX Venture Exchange nor its regulation se rvices provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts resp onsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. All statements, other than statements o f historical fact, are forward-looking
statements and are based on expectations, estimates and projections as at the date of this news release.
Any statement that involves disc ussions with respect to predict ions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performa nce (often but not always using phrases
such as “working”, “potential” o r variations of such words and phrases or stating that certain actions,
events or results "may", “can”, "shall" or "will" be taken to o ccur or be achieved) are not statements of
historical fact and may be forward-looking statements.
In this news release, forward-l ooking statements relate to, amo ng other things, statements regarding:
CANEX’s unlocking of the value of the combined Gold Basin and G old Range properties; the potential of
the Gold Basin and Gold Range properties to host large oxide go ld deposits; and advancement of the
Louise Copper-Gold Porphyry Project. These forward-looking stat ements are not guarantees of future
results and involve risks and unce rtainties that may cause actu al results to differ materially from the
potential results discussed in the forward-looking statements.
In respect of the forward-looking statements, Gold Basin has relied on certain assumptions that it believes
are reasonable at this time, including assumptions as to CANEX’ s plans for Gold Basin and the
Company’s ability to fund the exploration and development of a consolidated oxide gold district in
Northern Arizona. Accordingly, readers should not place undue r eliance on the forward-looking
statements and information contained in this news release concerning these times.
Risks and uncertainties that may cause such differences include but are not limited to: the possibility that
legal proceedings may be instituted against CANEX, Gold Basin, and/or others relating to the
Arrangement and the outcome of such proceedings; financing risk ; and other risks inherent in the mining
industry. The Company disclaims any responsibility to update th ese forward-looking statements, except
as required by applicable laws.