Mr. Michael Henrichsen reports
GOLD X2 ENTERS DEFINITIVE PROPERTY PURCHASE AGREEMENT WITH BOLD VENTURES INC. AND COMPLETES COLDSTREAM CLAIMS ACQUISITION
Gold X2 Mining Inc. has entered into a definitive property purchase agreement with Bold Ventures Inc. with respect to the previously announced acquisition by the company of certain mineral claims from Bold Ventures in exchange for $500,000 in cash, share consideration of 150,000 common shares of the company and a 2.00-per-cent net smelter return (NSR) royalty on all Canadian critical minerals derived from such mineral claims. Closing of the Bold acquisition remains subject to customary conditions precedent, including TSX Venture Exchange approval.
Furthermore, the company has successfully completed its previously announced acquisition of all of the rights, title and interests in and to the mineral exploration property known as the Coldstream claims, located in the province of Ontario.
About Gold X2 Mining Inc.
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 1 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-per-cent-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 work force. The 2026 updated National Instrument 43-101, Standards of Disclosure for Mineral Projects, mineral resource estimate (MRE) for the Moss and East Coldstream deposits has expanded to 2,458,000 ounces of indicated gold resources at 1.04 grams per tonne (g/t) gold (Au), contained within 73.8 million tonnes and 4,209,000 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 3.16 million ounces of indicated silver resources at 1.53 g/t silver (Ag) contained within 64.3 million tonnes and 6,273,000 ounces of inferred silver resources at 1.55 g/t Ag contained within 125.9 million tonnes. 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 National Instrument 43-101 technical report for the Moss gold project, available on the company's website and under the company's issuer profiles on SEDAR+ and EDGAR.
Peter Flindell, PGeo, MAusIMM, MAIG, chief operating officer of the company and a qualified person under NI 43-101, has approved the scientific and technical information contained in this news release.
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