Mr. Barry Miller reports

GOLDINXS MINING CORP. CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Goldinxs Mining Corp. has closed the first tranche of its previously announced non-brokered private placement. At closing of the first tranche, the company issued an aggregate of: (i) 4,315,270 flow-through units at a price of 13 cents per FT unit for gross proceeds of $560,985.10; and (ii) 784,831 units at a price of 11 cents per unit for gross proceeds of $86,331.41, for aggregate gross proceeds of $647,316.51. Each FT unit consists of one common share of the company and one common share purchase warrant. Each unit consists of one common share of the company and one warrant.

Each warrant entitles the holder thereof to purchase one common share of the company at a price of 25 cents at any time on or before the date that is 24 months after the closing of the first tranche, subject to the accelerated expiry provision (as defined herein). The company may, at its sole option, accelerate the expiry date of the warrants to the date that is 30 days following the date on which notice is given by news release, if the closing price of the common shares on the TSX Venture Exchange (or such other principal exchange on which the common shares may be traded at such time) is equal to or above a price of 50 cents per common share for 10 consecutive trading days any time after closing of the first tranche.

Proceeds from the offering will be used toward the exploration work and other operations at the company's flagship Fishpot project in Central British Columbia among other flow-through eligible expenses, such as exploration, drilling and sampling programs, and for general working capital purposes.

The company intends for the FT shares and the warrants underlying the FT units to be issued on a flow-through basis and to qualify as flow-through shares as defined in Subsection 66(15) of the Income Tax Act (Canada). The company intends to renounce exploration expenses, which qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures, each as defined in the tax act and B.C. flow-through mining expenditures as defined in the Income Tax Act (British Columbia), in an amount equal to the aggregate proceeds of the FT units, to subscribers of the FT units with an effective date no later than Dec. 31, 2026.

In connection with the first tranche, the company intends to pay aggregate cash finders' fees of $28,366.25 and issued 218,201 non-transferable finders' warrants to certain eligible persons. Each finder's warrant will be exercisable for one common share of the company for a period of 24 months following the closing of the first tranche, at an exercise price of 11 cents per share for finders' warrants issued in respect of units sold to purchasers introduced by the applicable finder and 13 cents per share for finders' warrants issued in respect of FT units sold to purchasers introduced by the applicable finder. Payment of finders' fees remains subject to acceptance of the TSX-V.

The company may complete additional tranches of the offering, subject to the receipt of all required regulatory approvals, including acceptance of the TSX-V.

All securities issued pursuant to the first tranche, including any finders' warrants, are subject to a statutory hold period expiring four months and one day after the closing date of the first tranche in accordance with applicable securities laws and the policies of the TSX-V.

The purchase by an insider of the company of 385,000 FT units, representing $50,050 of the gross proceeds of the first tranche, constitutes a related-party transaction of the company under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the company is exempt from obtaining formal valuation and minority approval of the company's shareholders respecting the purchase of securities under the offering by related parties as the fair market value of securities purchased under the offering by related parties is below 25 per cent of the company's market capitalization as determined in accordance with MI 61-101.

About Goldinxs Mining Corp.

Goldinxs is a Canadian mineral exploration company focused on discovering and advancing a high-quality gold and copper project in central British Columbia. The company's flagship asset is the Fishpot property, a large epithermal gold system in central British Columbia with Blackwater-style exploration potential, and in the same region as Artemis Gold's Blackwater mine and Evolution Mining's optioned Clisbako property. The company is listed on the TSX-V under the symbol INXS and on the OTCQB Venture Market under the symbol INXGF, and is led by an experienced management and technical team committed to disciplined exploration and value creation for shareholders.

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