Gold X2 Intersects 27.0m of 3.87 g/t Au from 555.0m at Base of Eastern QES Pit Including 11.0m of 8.84 g/t Au

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) (" Gold X2 " or the " Company ") is pleased to announce the most recent assays from its ongoing infill and resource expansion drilling program targeting the eastern extension of the QES Zone at the Moss Gold Project in Northwest Ontario, Canada (the " Moss Gold Project "). Michael Henrichsen, CEO and Director of Gold X2, commented, "We are very pleased with the high-grade intersection at the base of the QES pit, which indicates not only the potential to expand the pit to depth, but also demonstrates the potential for underground mineralization that we are currently targeting underneath the RPEEE pit. In addition, three of the four reported drill holes intersected wider and higher grades than predicted in the resource model demonstrating the potential for significant upside to the current resource." Highlights Four holes were drilled into the northern flank of the eastern end of the QES Zone and the RPEEE (" Reasonable Prospects for Eventual Economic Extraction ") pit shell in an area approaching the offsetting Sloane Fault.

These holes were extended to intersect the core shears at the base of the pit shell. The better intercepts include: 33.0m of 0.90 g/t Au from 466.0m in MQD-26-365, including 11.0m of 2.02 g/t Au from 470.0m 38.45m of 0.65 g/t Au from 510.0m in MQD-26-374, including 8.0m of 1.58 g/t Au from 523.0m 27.0m of 3.87 g/t Au from 555.0m in MQD-26-380, including 11.0m of 8.84 g/t Au from 561.0m The four holes also intersected numerous unmodeled shears north of the core QES Zone consisting of both narrow high-grade Superion-style mineralization and wide zones of lower grade marginal QES shearing. Best intercepts include: 30.8m of 0.43 g/t Au from 380.2m in MQD-26-365 8.25m of 1.80 g/t Au from 332.75m in MQD-26-370, including 2.8m of 4.81 g/t Au from 332.75m, and 48.75m of 0.44 g/t Au from 474.0m 9.8m of 2.92 g/t Au from 205.0m in MQD-26