Gold X2 Signs Definitive Agreement to Acquire Kesselrun Resources Ltd.

VANCOUVER, B.C., October 1, 2025: Gold X2 Mining Inc. (TSXV: AUXX / OTCQB: GSHRF / FWB: 8X00) (“Gold X2”) and Kesselrun Resources Ltd. (TSXV:KES; OTCQB: KSSRF) (“Kesselrun”) are pleased to announce that the parties have entered into a definitive agreement dated September 30, 2025 (the “Arrangement Agreement”) pursuant to which Gold X2 will acquire all of the issued and outstanding common shares of Kesselrun (the “Transaction”). The Transaction will result in Gold X2 acquiring a 100% interest in Kesselrun’s high-grade Huronian Gold Project (“Huronian”), a past-producing mine strategically located adjacent to Gold X2’s Moss Gold Project (“Moss”) in Northern Ontario. This acquisition is consistent with Gold X2’s strategy of consolidating a central land position in the emerging Shebandowan Greenstone Belt. The Transaction enhances Gold X2’s near-mine exploration potential while meaningfully expanding the Gold X2’s land position to support the continued advancement and development of Moss. Michael Henrichsen, President and CEO of Gold X2, commented: “The acquisition of Kesselrun Resources will mark a pivotal step forward for Gold X2 as we continue to consolidate a very prospective gold belt in Ontario. By bringing the Huronian project under our umbrella, we are positioning Gold X2 with multiple opportunities for potential resource growth […]