Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) ("Gold X2" or the "Company") today reported its intention to create, and subsequently spin-out, a 1.00% Net Smelter Royalty ("NSR") on any potential future mineral production at the Moss Gold Project. The NSR will initially be placed in a wholly-owned subsidiary ("SpinCo"). The intention is for the shares of SpinCo ("SpinCo Shares") to be distributed to the shareholders of Gold X2 ("Gold X2 Shareholders") at a time to be determined by Management and the Board of Directors. It is expected that the distribution will be completed pursuant to a plan of arrangement (the "Arrangement"), under the Business Corporations Act (British Columbia).
Gold X2 also announces today that it has applied to list its common shares ("Gold X2 Shares") on NYSE American LLC ("NYSE American"). In connection with the requirements for the listing, the Company will seek TSXV approval to consolidate all of its issued and outstanding common shares at a ratio of 6:1 (the "Consolidation").
Michael Henrichsen, CEO and Director of Gold X2 said, "Over the last 24 months the geological and economic potential of the Moss Deposit has become increasingly evident through the release of our base case preliminary economic assessment, continued resource expansion, and positive reconciliation within our ongoing infill drill program. This body of work has reinforced the Company's view that the Moss Deposit has upside potential from both a mining and exploration standpoint. In light of this, the company believes there is a compelling opportunity to unlock additional shareholder value through the creation of a royalty-focused entity centered on the long-term potential of this emerging district-scale asset in Northwestern Ontario.
Following the review of similar transactions on analogous gold development projects, management and the Board of Directors believe that the proposed 1% NSR spin-out will not hinder future development opportunities for the project or the Company. Royalties of this size are consistent with those of successfully developed gold projects globally.
Separately, the Company is pleased to announce that it has applied to list its common shares on the NYSE American exchange. The listing will broaden the Company's access to the U.S. capital markets and improve Gold X2's visibility and accessibility among U.S. institutional and retail investors as we continue to advance the Moss Gold Project as one of Canada's largest developing gold assets."