Mr. Albert Contardi reports

QCX GOLD PROVIDES ADDITIONAL DISCLOSURE IN CONNECTION WITH PROPOSED PLAN OF ARRANGEMENT

In response to a request by staff at the Ontario Securities Commission following a review of the management information circular of QCX Gold Corp. dated July 14, 2026, pursuant to Multilateral CSA Staff Notice 61-302, QCX Gold has provided further disclosure with respect to its proposed business combination with Sterling Metals Corp. pursuant to a plan of arrangement under the provisions of Division 5 of Part 9 of the Business Corporations Act (British Columbia) in accordance with the terms of an arrangement agreement dated June 1, 2026, between the company and Sterling.

The company confirms that, on or about May 4, 2026, Albert Contardi, chief executive officer of QCX, approached senior management of Sterling to explore the possibility of a proposed transaction which would consolidate the two companies' mineral properties located in the Ontario's Batchawana greenstone belt district. Management of QCX believed that a proposed transaction with Sterling would enhance shareholder value by providing exposure to Sterling's broader portfolio of copper and gold exploration assets and future exploration activities and minimize overall administrative and related costs.

During May, 2026, following the initial discussions between Mr. Contardi and senior management of Sterling, each of QCX and Sterling, together with their respective legal advisers, conducted due diligence investigations of the other in a nature and scope customary for a transaction of this type. During this period, the parties and their advisers exchanged information and reviewed one another's respective assets, financial condition and exploration portfolios.

Mr. Contardi, together with the board of directors of QCX, and the company's legal advisers negotiated the terms of the proposed transaction with senior management of Sterling and its legal advisers.

The terms of the proposed transaction were negotiated based on the respective volume-weighted average trading prices of the common shares of QCX and Sterling during the previous 30 trading days. The parties determined to proceed with the proposed transaction on a market basis to allow shareholders to participate in, and benefit from, the potential upside of owning common shares of Sterling in exchange for their common shares of QCX.

During the negotiation of the proposed arrangement, management of Sterling communicated that it was unwilling to assume QCX's working capital deficiency. As a result, the company agreed to settle certain of its outstanding indebtedness, including indebtedness owed to Mr. Contardi through the issuance of common shares in the capital of the company prior to the closing of the arrangement. In determining which creditors' indebtedness would be settled in connection with the proposed transaction, the company focused on its major creditors.

On June 1, 2026, the board of directors of QCX determined to proceed with the transaction and passed a resolution approving the arrangement. No materially contrary or dissenting vote was expressed by any of the directors of QCX who considered the resolution.

On June 1, 2026, QCX and Sterling executed the arrangement agreement, and each exchanged disclosure letters dated June 1, 2026, to the other party. The directors and officers of QCX also entered into voting support agreements with Sterling undertaking its support for the arrangement. On June 2, 2026, QCX and Sterling jointly issued a news release announcing the arrangement.

Further details regarding the terms and conditions of the arrangement are set out in the circular and arrangement agreement, which have been filed by the company under its SEDAR+ profile. Shareholders are encouraged to read the circular and arrangement agreement prior to making decisions regarding the arrangement.

About QCX Gold Corp.

QCX Gold is exploring for gold and volcanogenic massive sulphide style mineralization on its highly prospective and well-located properties in Quebec, Canada. The Golden Giant project is located in the James Bay region, only 2.9 kilometres from Azimut Exploration Inc.'s Patwon discovery on its Elmer gold project. The Fernet project is located in the Abitibi greenstone belt and is contiguous with Wallbridge Mining Company Ltd.'s Fenelon/Martiniere property. Both properties are in close proximity to major discoveries which bodes well for exploration.

About Sterling Metals Corp.

Sterling is a mineral exploration company focused on large-scale Canadian copper exploration opportunities. The company's flagship assets include the Soo copper project in Ontario, which hosts past production and multiple breccia and porphyry targets strategically located near robust infrastructure, and the Adeline project in Labrador, which covers an extensive sediment-hosted copper belt with significant silver credits. Both projects have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral-rich Canada.

We seek Safe Harbor.