Mr. Michael Henrichsen reports

GOLD X2 COMPLETES ACQUISITION OF CERTAIN CLAIMS FROM BOLD VENTURES INC.

Gold X2 Mining Inc. has completed its previously announced acquisition of certain mineral claims from Bold Ventures Inc. In consideration for the acquired claims, the company provided Bold with the following:

• $500,000 cash;
• 150,000 common shares of Gold X2; and
• A 2-per-cent net smelter return royalty on all Canadian critical minerals (excluding copper) mined from within the acquired claims; the company maintains the right to buy back one-half of the NSR (1 per cent) for $1-million cash.

The acquired claims are composed of 42 unpatented mining claims located near Thunder Bay, Ont., along the west boundary of Bold's 242-claim Burchell property adjoining Gold X2's Moss gold project. The 42 acquired claims are subject to an existing 3-per-cent net smelter return royalty, one-half of which can be purchased for $2.5-million.

About Gold X2 Mining Inc.

Gold X2 is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in Tier 1 jurisdictions. It is led by the former global head of structural geology for the world's largest gold company and backed by one of Canada's pre-eminent private equity firms. The company's current focus is the advanced-stage 100-per-cent-owned Moss gold project, which is positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled work force. The 2026 updated National Instrument 43-101 (Standards of Disclosure for Mineral Projects) mineral resource estimate for the Moss and East Coldstream deposits has expanded to 2,458,000 ounces of indicated gold resources at 1.04 grams per tonne gold, contained within 73.8 million tonnes and 4,209,000 ounces of inferred gold resources at 0.97 g/t Au contained within 134.7 million tonnes. The Moss deposit also has a silver MRE of 3.160 million ounces of indicated silver resources at 1.53 g/t silver contained within 64.3 Mt and 6,273,000 ounces of inferred silver resources at 1.55 g/t Ag contained within 125.9 Mt. Results of a preliminary economic assessment of the Moss gold project suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are supported by a National Instrument 43-101 technical report for the Moss gold project available on the company's website and under the company's issuer profiles on SEDAR+ and EDGAR.

Peter Flindell, PGeo, MAusIMM, MAIG, chief operating officer of the company, a qualified person under NI 43-101, has approved the scientific and technical information contained in this news release.

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