Gold X2 Discovers Extension to the Span Prospect with Intersection of 40.4m of 2.05 g/t Au from 343.6m Indicating the Potential NE Extension of the Moss Deposit

Vancouver, British Columbia--(Newsfile Corp. - September 8, 2026) - Gold X2 Mining Inc. (NYSE American: AUXX) (TSXV: AUXX) (FSE: DF80) (" Gold X2 " or the " Company "), is pleased to announce the results of its phase one drilling campaign conducted at the Span Prospect, approximately 2 kilometers northeast of the eastern edge of the Moss Gold Deposit in Northwest Ontario, Canada (the " Moss Gold Project ").

Michael Henrichsen, CEO of Gold X2, commented , "We are encouraged with our early-stage drilling at the Span prospect as we look to discover the northeast offset extension of the Moss Deposit. The Company plans to follow up on the 40.4m of 2.05 g/t Au intercept with an additional drill rig arriving on site this week to extend the mineralization toward the surface and to the east-northeast."

Highlights

Eight holes were drilled along strike of the historical Span prospect to evaluate the potential for near surface ounces. Drilling discovered a strongly mineralized set of shear zones to the east of the historical drilling with an intercept of:

40.4m of 2.05 g/t Au from 343.6m in MSD-26-404m, including 24.05m of 3.17 g/t Au from 345.95m

Drilling also discovered a second parallel shear hosted in a narrow Moss Deposit style diorite intrusion with select intercepts of:

5.0m of 5.34 g/t Au from 161.0m in MSD-26-397, including 2.0m of 12.7 g/t Au from 161.0m

11.0m of 1.22 g/t Au from 233m in MSD-26-401

An additional three holes were drilled into the existing Span Prospect to confirm historical drilling results and continuity. Drilling intersected tightly spaced narrow shear zones that returned results in line with historical drilling from the 1980s, including localized high-grade shears within a lower-grade envelope. Select results include:

30.0m of 0.38 g/t Au from 377.0m in MSD-26-395

7.15m of