Mr. Michael Michaud reports

RPX GOLD CLOSES C$14.15M "BEST EFFORTS" LIFE OFFERING AND PRIVATE PLACEMENT

RPX Gold Inc. has closed its previously announced brokered best effort private placement offering of securities of the company for aggregate gross proceeds of $14,144,999.84. The offering consisted of:

1. 11,051,450 units of the company at a price of 17 cents per non-flow-through units; each non-FT unit consists of one common share in the capital of the company and one-half of one common share purchase warrant;
2. 29,591,576 flow-through units of the company (the tranche 1 FT units) at a price of 23.8 cents per tranche 1 FT unit; each tranche 1 FT unit consists of one common share and one-half of one warrant; each such common share and one-half of one warrant comprising a tranche 1 FT unit will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada);
3. 9,805,000 flow-through units of the company (the tranche 2 FT units) at a price of 20.4 cents per tranche 2 FT unit; each tranche 2 FT unit consists of one common share and one-half of one warrant; each such common share and one-half of one warrant comprising a tranche 2 FT unit will qualify as a flow-through share within the meaning of Subsection 66(15) of the tax act;
4. 18,360,225 common shares at a price of 17 cents per non-FT share; and
5. 500,000 common shares that qualify as flow-through shares as defined in Subsection 66(15) of the tax act at a price of 20.4 cents per FT share.

Each warrant will entitle the holder thereof to acquire one common share at a price per warrant share of 27 cents until May 13, 2028.

The offering was conducted on a best effort basis by a syndicate of agents led by Haywood Securities Inc. as lead agent and sole bookrunner, and including Research Capital Corp. and Paradigm Capital Inc.

The net proceeds from the sale of the non-FT units and non-FT shares will be used for working capital and general corporate purposes. The gross proceeds from the sale of the tranche 1 FT units, tranche 2 FT units and FT shares shall, pursuant to the provisions in the tax act, be used by the company to incur Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the tax act and eligible Ontario exploration expenditure as defined in Subsection 103(4) of the Taxation Act, 2007 (Ontario), prior to Dec. 31, 2027. The company shall renounce the qualifying expenditures so incurred to the purchasers of the tranche 1 FT units, tranche 2 FT units and FT shares, effective on or before Dec. 31, 2026.

In consideration for their services, the agents received a cash commission equal to 6.0 per cent of the gross proceeds of the offering. As additional consideration for their services, the agents were also issued broker warrants equal to 6.0 per cent of the number of offered securities sold under the offering. Each broker warrant entitles the holder thereof to subscribe for one common share at a price of 17 cents per common share until May 13, 2028.

All non-FT shares and FT shares distributed in connection with the offering were issued and sold pursuant to the listed issuer financing exemption available under Part 5A.2 of National Instrument 45-106 (Prospectus Exemptions) and in reliance on Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). A copy of the amended and restated offering document under the LIFE dated April 17, 2026, is available electronically on the company's website and on SEDAR+ under the company's profile. Pursuant to the LIFE, all non-FT shares and FT shares issued under the offering to Canadian subscribers are not subject to a hold period in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. All other securities not issued pursuant to the LIFE, namely, the non-FT units, tranche 1 FT units, tranche 2 FT units and the broker warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on Sept. 14, 2026. The offering remains subject to the final acceptance of the exchange.

About RPX Gold Inc.

RPX Gold (formerly Red Pine Exploration Inc.) is a Toronto-based gold exploration company. The company's shares trade on the TSX Venture Exchange under the symbol RPX and on the OTCQB market under the symbol RDEXF.

The company's flagship asset, the Wawa gold project, is located in Northwestern Ontario, in the Michipicoten greenstone belt of Ontario, adjacent to several established gold-producing operations, including those operated by Wesdome Gold Mines Ltd., Alamos Gold Inc. and Hemlo Mining Corp. The Wawa gold project benefits from strong local infrastructure and excess regional mill capacity.

The company is evaluating phase 1 open-pit operations designed to generate early cash flow to help finance advancement of the Wawa gold project to transition to an underground operation. This phased approach is aimed at derisking development, accelerating time to revenue and minimizing shareholder dilution. The approach is subject to the completion of a number of milestones before a production decision can be made, such as continued drilling and mineral resource definition, conducting additional metallurgical testwork, completing a prefeasibility study, and continuing baseline studies, as well as additional permitting and indigenous peoples consultations, among other factors.

The Wawa gold project currently hosts mineral resources from two mineral deposits, namely the Jubilee shear and the Minto mine. The mineral resource includes an indicated mineral resource of 22,909,000 tonnes grading 1.69 grams per tonne gold containing 1,244,000 ounces of gold and an inferred mineral resource of 9,951,000 tonnes grading 1.59 g/t Au containing 509,000 ounces of gold, with both open-pit and underground mining potential. Gold mineralization extends to surface on a historic mining property, which supports the company's phased development strategy. Please refer to the technical report entitled "Preliminary Economic Assessment: Wawa Gold Project" with an effective date of Feb. 18, 2026, which is available on SEDAR+ under the company's profile, for more information.

We seek Safe Harbor.