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Crossroads Gold Announces Definitive Agreement to Acquire Rox-ex and its Pambula and Club Terrace Projects in Australia
Acquisition of 100% of Rox-ex and its Australian exploration portfolio Exposure to epithermal and orogenic gold systems in a proven gold-producing region
About this update from Crossroads Gold Corp.
[{"type":"text","content":" Acquisition of 100% of Rox-ex and its Australian exploration portfolio Exposure to epithermal and orogenic gold systems in a proven gold-producing region Projects with historic production, encouraging drill results, and exploration upside Expansion of Crossroads' footprint in southeast Australia, a Tier-1 mining jurisdiction Select Highlight Drill Results: 4 m @ 11.82 g/t Au (PH-P1) from 21 m depth 5 m @ 7.20 g/t Au (DDH-P7) from 99 m depth 6 m @ 5.13 g/t Au (PRC-13) from 33 m depth 2 m @ 33.05 g/t Au (PRC-32) from 26 m depth Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Crossroads Gold Corp. (TSXV: CRG) (OTCQB: CRGCF) (FSE: FI1) (\"Crossroads\" or the \"Company\") is pleased to announce that it has entered into a definitive agreement dated April 23, 2026 (the \"Agreement\") with Liza Gazis (the \"Vendor\") to acquire 100% of the issued and outstanding shares of Rox-ex Pty Ltd. (\"Rox-ex\"), a privately held Australian exploration company (the \"Acquisition\"). Rox-ex holds a portfolio of highly prospective gold and base-metal exploration assets in southeast Australia, including the Pambula Gold Project (\"Pambula\") in New South Wales and the Club Terrace Project (\"Club Terrace\") in Victoria (together, the \"Projects\"). Closing is expected to occur in May 2026 (the \"Closing\"). Crossroads CEO and Director Rex Motton commented: \"The acquisition of Rox-ex represents a highly strategic expansion of our Australian exploration portfolio, adding two compelling, underexplored gold systems with strong geological fundamentals and encouraging historical drill results. Pambula, in particular, displays the hallmarks of a robust epithermal gold system with high-grade intercepts and significant strike and depth potential. These assets provide Crossroads with an exceptional pipeline of drill-ready targets and the opportunity to deliver meaningful new discoveries.\" Transaction Terms Under the Agreement, Crossroads will acquire 100% of the issued and outstanding shares of Rox-ex. Total consideration consists of cash and common shares of Crossroads (the \"Consideration\"), structured as follows: C$50,000 in cash upon execution of the Agreement 2,000,000 common shares of Crossroads (the \"Consideration Shares\") on Closing C$100,000 in cash on the 12-month anniversary of Closing C$100,000 in cash on the 24-month annivers...