Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) ("Gold X2" or the "Company"), is pleased to announce that it has completed the previously announced plan of arrangement (the "Arrangement") to acquire all the issued and outstanding common shares of Kesselrun Resources Ltd. ("Kesselrun").The Arrangement results in Gold X2 acquiring Kesselrun's 100% owned Huronian Gold Project (the "Huronian Gold Project"), which sits on the western ...

Core Viewpoint - Gold X2 Mining Inc. is advancing its proposed acquisition of Kesselrun Resources Ltd., which includes the high-grade Huronian Gold Project, enhancing its strategic position in the Shebandowan Greenstone Belt [1][6]. Company Overview - Gold X2 Mining Inc. is focused on acquiring and advancing primary gold assets in tier-one jurisdictions, with a significant investment of over $75 million in its flagship Moss Gold Project [11]. - Kesselrun Resources is a mineral exploration company based in Thunder Bay, Ontario, with a focus on property acquisitions and discoveries [9]. Transaction Details - The acquisition of Kesselrun will transfer ownership of the Huronian Gold Project and Bluffpoint Gold Project to Gold X2 upon completion [2][8]. - Kesselrun has obtained an interim court order to hold a special meeting for shareholder approval of the transaction [7]. - Completion of the transaction is subject to shareholder approval, final court approval, and TSX Venture acceptance [8]. Huronian Gold Project - The Huronian Gold Project consists of 293 contiguous mineral claims covering approximately 4,777 hectares and is located adjacent to Gold X2's Moss Gold Project [3][10]. - Kesselrun has secured an early exploration permit for the Huronian Gold Project, effective for three years [4]. Technical Report - A technical report titled "Technical Report, Geological Introduction to Gold X2 Mining Inc.'s Huronian Gold Project" has been filed, detailing the project's geological potential [2][5]. - The report was prepared by independent qualified persons and is available on SEDAR+ [5].

Core Points - Kesselrun Resources Ltd. has filed a management information circular and related materials for a special meeting regarding a proposed arrangement with Gold X2 Mining Inc. [1][2] - The arrangement involves Gold X2 acquiring all issued and outstanding common shares of Kesselrun, with shareholders receiving approximately $0.0213 in cash and approximately 0.2152 of a common share of Gold X2 for each share held [2][3] - The board of directors recommends shareholders vote in favor of the arrangement resolution [3] Meeting Details - The special meeting is scheduled for November 21, 2025, at 10:00 a.m. in Vancouver, BC, with only shareholders of record as of October 15, 2025, eligible to vote [4] - Due to a Canada Post labor strike, there may be delays in the delivery of meeting materials to shareholders [5] - Meeting materials are available on Kesselrun's profile on SEDAR+ and their website [6] Voting Information - Shareholders can vote directly or by proxy, and assistance is available through Kesselrun's proxy solicitation agent [8][12] - Voting methods differ for registered shareholders and beneficial shareholders [9]