Mr. Michael Thompson reports

KESSELRUN RESOURCES ANNOUNCES CLARIFICATION OF GOLD X2 MINING INC. PROJECT NAME IN SPECIAL MEETING MATERIALS

Kesselrun Resources Ltd. has clarified certain disclosure contained in its management information circular dated Oct. 21, 2025, in connection with the company's special meeting of shareholders scheduled for 10 a.m. PST on Nov. 21, 2025.

In the circular, the mineral project of Kesselrun's proposed acquiror, Gold X2 Mining Inc., was referred to as the Goldshore mining project. Gold X2 has confirmed that the name of its mineral project remains the Moss gold project, and there are no plans to change this name. Accordingly, all references to the Goldshore mining project in the circular should be read as references to the Moss gold project.

All other information in the circular and associated meeting materials remains accurate and unchanged.

The circular and meeting materials are available under Kesselrun's profile on SEDAR+ and are accessible on Kesselrun's website.

About Kesselrun Resources Ltd.

Kesselrun, based in Thunder Bay, Ont., is a mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise in Northwestern Ontario.

Kesselrun holds a 100-per-cent interest in the Huronian gold project, covering 293 contiguous unpatented mining claims plus four patented mining claims totalling approximately 5,160 hectares located in Moss township, Thunder Bay mining division, Ontario, and a 100-per-cent interest in the Bluffpoint gold project, comprising 449 mining claims covering approximately 9,227 hectares located in Bluffpoint Lake township, with portions extending into the townships of Lawrence Lake, Napanee Lake and Barker Bay in the Kenora mining division of Northwestern Ontario. The Huronian gold project is situated in the highly prolific Shebandowan greenstone belt located in the AbitibiWawa subprovince of the Archean superior province and covers the southwestern strike extension of the geology that hosts Gold X2's Moss gold project.

Questions and voting assistance

Shareholders of Kesselrun who have questions may contact the following.

Laurel Hill Advisory Group

North American toll-free:  1-877-452-7184

Collect outside of North America or text:  1-416-304-0211

By e-mail:  assistance@laurelhill.com