Mr. Aaron Stone reports

QCX GOLD ACQUIRES THE OLSEN PROJECT, EXPANDING THE BATCHAWANA PROJECT FOOTPRINT ADJACENT TO STERLING METALS' SOO COPPER DISCOVERY

QCX Gold Corp. has entered into mining claim acquisition agreements with arm's-length parties dated Dec. 12, 2025, to acquire 100 per cent of the Olsen project, a 3,715-hectare land package located within the Batchawana Bay area in Northwestern Ontario. The acquisition expands QCX's land position in the Batchawana greenstone belt, consolidating a prospective copper-gold district positioned directly along trend of Sterling Metals Corp.'s Soo copper project.

The addition of the Olsen project increases the company's Batchawana project to a total of 30 multicell claims and 39 single-cell claims, forming a large, mostly contiguous land position that shares more than 6.6 kilometres of common boundary with the core of Sterling's recently announced discovery. Sterling's discovery highlights include 262.5 metres of 1.05 per cent copper equivalent (0.52 per cent copper, 0.005 per cent molybdenum, 0.49 gram per tonne gold and 3.15 g/t silver), with higher-grade intervals including 68.3 m of 3.25 per cent CuEq (1.39 per cent Cu, 0.007 per cent Mo, 1.83 g/t Au and 8.46 g/t Ag) and 9.2 m of 19.8 per cent CuEq (6.8 per cent Cu, 0.008 per cent Mo, 13.2 g/t Au and 46.26 g/t Ag) (Sterling news release dated Sept. 29, 2025). QCX's expanded ground position places the company prominently within one of Canada's most promising emerging copper districts. The company cautions investors that mineralization hosted on nearby or adjacent properties is not necessarily indicative of mineralization hosted on the Olsen project.

Historic work on the Olsen claims indicates five documented mineral occurrences supported by diamond drilling, geological mapping and geochemical sampling. Historical drilling has intersected quartz-porphyry lithologies, significant pyrite with minor chalcopyrite and alteration consistent with copper-gold porphyry systems. Historical highlights include a 1.98 g/t Au surface grab sample and 0.03 per cent Cu over 1.18 m from historical drilling.

Strategic and geological highlights:

• Prime geological setting: The property is located within the Precambrian Batchawana greenstone belt and associated metasedimentary sequences along the eastern margin of the Mid-Continent Rift -- a regional geological setting known for large copper systems both in Ontario and across the border in Michigan.
• On trend with historic production: The claims lie along strike of the past-producing Tribag mine, historically mined for copper, molybdenum, silver and gold.
• Geological continuity with Sterling's discovery: QCX's claims display comparable stratigraphy, structural orientation and magnetic signatures with those hosting Sterling's mineralization. Historical soil geochemical anomalies and untested geophysical conductors provide immediate exploration opportunities.

Coming exploration work

QCX intends to commence a target generation and delineation program followed by a prospecting and mapping program across the combined Batachawana project, following up on the recently completed high-resolution magnetic survey. Desktop studies and fieldwork will prioritize porphyry-style targets, multielement anomalism and structural trends.

Transaction terms

Pursuant to the terms of the agreements, as consideration for the Olsen project, the company shall: (A) pay an aggregate of $28,000 in cash to the vendors on or before the date that the company receives approval from the TSX Venture Exchange, an additional $36,000 in cash on or before the first anniversary of the effective date, an additional $50,000 in cash on or before the second anniversary of the effective date, and a final cash payment on or before the third anniversary of the effective date; and (B) issue to the vendors an aggregate of 500,000 common shares in the capital of the company on the effective date, and issue an aggregate of 300,000 common shares to the vendors on or before the second anniversary of the effective date.

In addition, the company will grant the vendors will be entitled to a 1.5-per-cent net smelter return royalty in accordance with the terms of the agreements. QCX has the option to purchase 0.5 per cent of the royalty (reducing the royalty to 1.0 per cent) by making a cash payment to the vendors in the amount of $500,000.

The completion of the transaction contemplated by the agreement remains subject to the approval of all regulatory and other approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the transaction will be subject to a statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.

Qualified person

Kelly Malcolm, PGeo (PGO -- 2864), a director of QCX, a non-independent qualified person as such term is defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the geological information reported in this news release. The QP has not completed sufficient work to verify the historic information on the property, particularly with regard to historical sampling and regional government-mapped geology. However, the QP assumes that sampling and analytical results were completed with industry standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results.

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 and Ontario. The Golden Giant project is located in the James Bay region, 2.9 kilometres from Azimut Exploration Inc.'s Patwon discovery on their 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 Quebec properties are situated near significant discoveries and benefit from favourable infrastructure.

In Ontario, QCX holds the Batchawana project, a consolidated land position within the Batchawana greenstone belt near Sault Ste. Marie. The project now includes the recently acquired Olsen claims, expanding the property to a contiguous package adjacent to Sterling Metals Corp.'s Soo copper project. The area is underlain by greenstone and Mid-Continent Rift-related geology that has historically produced copper, gold, molybdenum and silver, and remains underexplored with modern techniques.

We seek Safe Harbor.