Gold X2 Intersects Several Shallow, High-Grade Intercepts in the Superion Zone Including 6.10m of 10.4 g/t Au

Press Release

VANCOUVER, B.C., April 28, 2026: Gold X2 Mining Inc. (TSXV: AUXX / OTCQB: GSHRF / FWB: DF8) (“Gold X2” or the “Company”) is pleased to announce the first batch of assays from its drilling targeting new mineralized shears in the Superion Zone at the Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project”).

Michael Henrichsen, CEO of Gold X2 commented: “Superion continues to deliver high-grade, near-surface results and highlights the potential to add meaningful ounces within the existing pit shell. We’re encouraged by the new high-grade style of mineralization at Superion as we work to define zones for future economic studies.”

Highlights

• Seventeen additional holes were drilled in the Superion Zone to define additional high-grade, Superion-style shear zones within the current RPEEE open pit shell and between Superion and the QES core shear zone. Intercepts include:
  • 9.0m of 5.18 g/t Au from 122.0m in MQD-26-348, including
    • 6.0m of 7.57 g/t Au from 123.0m
  • 4.0m of 7.81 g/t Au from 238.0m in MQD-26-356
  • 4.15m of 8.87 g/t Au (15.5g/t Au uncut) from 68.85m in MQD-26-357
  • 6.1m of 10.4 g/t Au (15.7 g/t Au uncut) from 115.9m in MQD-26-361, including
    • 2.05m of 30.0 g/t Au (45.5 g/t Au uncut) from 117.95m

• Two holes, MQD-26-356 and MQD-26-357, were extended through the core shears of the QES Zone, as part of the ongoing infill drilling program and intersected wide zones of mineralization typical of the QES Zone including:
  • 73.0m of 0.97 g/t Au from 286.0m in MQD-26-356, including
    • 15.0m of 2.90g/t Au from 312.0m
  • 102.2m of 0.75 g/t Au from 238.4m in MQD-26-357, including
    • 7.2m of 2.64 g/t Au from 252.7m and
    • 5.0m of 2.06 g/t Au from 289.0m

Technical Overview

The results of the holes drilled in the Superion Zone are illustrated in the following figures and tables. Figure 1 shows the location map of the drill holes reported in this release. Figure 2 provides a typical cross-section through drill hole MQD-26-357. The results are summarized in Tables 1 and 2, which include significant intercepts (Table 1) and drill hole locations (Table 2).

Figure 1:  Shows the location of the drill holes across the marginal shears in the Superion Zone

Figure 2:  Shows a typical section through drill hole MQD-26-357 with reported intersections relative to the current resource block model

Gold X2 resumed drilling in the Superion Zone to explore for additional high-grade shears and QES-related marginal shears within the current RPEEE open pit shell. These additional shears are currently modelled as waste in the recent MRE and represent an opportunity to grow the Mineral Resource within the proposed open pit. Where required to upgrade Inferred blocks to Indicated, holes were extended through the core QES shears to support the ongoing infill drilling program.

All seventeen holes collared through overburden and intersected the wide, multiphase diorite body in the Superion Zone which transitions to diorite and granodiorite closer to the core of the QES Zone. The diorite is mostly undeformed with a moderate to strong epidote-chlorite alteration.  Local, 5-10m wide sericite-silica and strongly silicified shear zones, both with elevated pyrite and chalcopyrite bearing quartz and quartz-carbonate veining, intersect the diorite and host gold mineralization. Gold grades within the shear systems vary with higher grades favouring strongly silicified shear zones.  Orientation data from these shear zones indicate they are run between 0 to 30 degrees oblique to the core shears of the QES Zone. Additional drilling is required to determine the strike length of the 30-degree oriented secondary shears.

Two drill holes – MQD-26-356 and MQD-26-357 – were extended to pass through the core QES Zone, which is characterised by sheared, sericite-hematite-silica altered granodiorite that transitions into the southern dacitic volcanics, which host additional sericite-silica marginal shears. The results are as expected with the geological and resource models.

Figure 3: Hole MQD-26-361: Strong, pyrite and chalcopyrite bearing quartz veining within a moderately sheared, strongly silicified, gabbro diorite yielding high-grade intercepts of 6.1m of 10.4 g/t Au (15.7 g/t Au uncut) from 115.9m including 2.05m of 30.0 g/t Au (45.5 g/t Au uncut) from 117.95m.

Analytical and QA/QC Procedures

All drill core is HQ diameter drill core has been visually validated in the core shack, rotated, and reconnected. Structural orientation data was captured by acoustical and optical televiewer operated by DGI Geosciences. All core has been sawed in half cut just off a geologist established cutline aligned 90° from the apex of the foliation, with the right half (looking down hole) of the core bagged and sent a third-party analytical laboratory. The left half of the core was returned to core boxes and is stored at Gold X2’s Kashabowie core yard facility.

All samples were sent to Paragon Geochemical in Timmins for sample preparation. Samples were analysed for gold via PhotonAssay™ (“PA-AU02”) by Paragon’s laboratory in Hamilton and then shipped to Activation Laboratories (ActLabs) Ancaster for 60 pathfinder elements via ICP-MS after four-acid digestion (“UT-6”). Paragon and ActLabs are accredited by the Standards Council of Canada (SCC) for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025.

In addition to Paragon quality assurance / quality control (“QA/QC”) protocols, Gold X2 has implemented a quality control program for all samples collected through the drilling program.  The quality control program was designed by a qualified and independent third party, with a focus on the quality of analytical results for gold. Analytical results are received, imported to our secure on-line database and evaluated to meet our established guidelines to ensure that all sample batches pass industry best practice for analytical quality control. Certified reference materials are considered acceptable if values returned are within three standard deviations of the certified value reported by the manufacture of the material. In addition to the certified reference material, certified blank material is included in the sample stream to monitor contamination during sample preparation. Blank material results are assessed based on the returned gold result being less than ten times the quoted lower detection limit of the analytical method. The results of the on-going analytical quality control program are evaluated and reported to Gold X2 by Orix Geoscience Inc.

Qualified Person

Peter Flindell, PGeo, MAusIMM, MAIG, Chief Operating Officer, of the Company, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company’s health and safety policies in the field to ensure full compliance, and consulted with the Project’s host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company’s remediation protocols.

About Gold X2 Mining

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-one jurisdictions. It is led by the ex-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% 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 workforce. The Company has invested over $100 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 300,000 meters of drilling. The 2026 updated NI 43-101 mineral resource estimate (“MRE”) for the Moss and East Coldstream Deposits has expanded to 2.458 million ounces of Indicated gold resources at 1.04 g/t Au, contained within 73.8 million tonnes and 4.209 million 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 Ag contained within 64.3 Mt and 6.273 million ounces of inferred silver resources at 1.55 g/t Ag contained within 125.9 Mt. Results of a preliminary economic assessment (“PEA”) 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 NI 43-101 technical report for the Moss Gold Project available on the Company’s website and under the Company’s issuer profile on SEDAR+. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldx2.com).

For More Information – Please Contact:

Michael Henrichsen
President, Chief Executive Officer and Director
Gold X2 Mining Inc.

E: mhenrichsen@goldx2.com
W: www.goldx2.com
T: 1-604-404-4335

IBF4