• Gold: A precious metal extracted from the earth and refined for sale, primarily used in jewelry, investment, and industrial applications.

Michael Henrichsen P.Geo. Chief Executive Officer, President and Director

Michael Henrichsen is the Chief Executive Officer, President, and a Director of Gold X2 Mining Inc.. A structural geologist, he previously served as the global structural geologist at Newmont, where his contributions significantly enhanced the reserves and resources base in Ghana's Ahafo district. He has also worked extensively in major gold camps across South America, the Carlin Trend, Guinea, and Canada. Gold X2 is noted to be led by the ex-global head of structural geology for the world's largest gold company and backed by one of Canada's prominent private equity firms.

Michael Kanevsky Chief Financial Officer and Corporate Secretary

Michael Kanevsky serves as the Chief Financial Officer and Corporate Secretary for Gold X2 Mining Inc.. With over 15 years of experience in the mining industry, he brings expertise in regulatory compliance and financial reporting. Prior to joining Gold X2, he was the CFO of New Found Gold Corp., where he managed the company's financial operations through its dual listing on the TSX Venture Exchange and the NYSE American. In this role, he was responsible for IFRS financial reporting, shelf prospectus and at-the-market equity offerings, treasury management, and internal controls, ensuring compliance with Canadian and U.S. securities regulations. A Chartered Professional Accountant, Mr. Kanevsky has held various senior leadership and director positions for several private companies within the mining industry.

Peter Alan Flindell Chief Operating Officer

Peter Alan Flindell is the Chief Operating Officer of Gold X2 Mining Inc.. He possesses over 40 years of experience in mineral exploration and feasibility studies. Mr. Flindell has led teams in the discovery, development, and expansion of multiple gold and copper mines across Southeast Asia, Central Asia, West Africa, Central Africa, Europe, and Central America. His career includes 12 years with Newmont Mining, 11 years with Avocet Mining, and 8 years with Signal Delta.

Sam Gibson Vice President of Corporate Development

Sam Gibson is the Vice President of Corporate Development at Gold X2 Mining Inc.. He has over 10 years of expertise in resource-focused finance, specializing in institutional sales, investment banking, and asset management. Previously, he was a Director and Head of Mining Sales at National Bank Financial, where he was responsible for driving global mining coverage and international growth.

Amiel Blajchman Vice President, Sustainability

Amiel Blajchman is the Vice President, Sustainability for Gold X2 Mining Inc.. He has more than 20 years of experience in advancing mining and resource development projects both in Canada and internationally. His prior senior roles include positions with Premier Gold Mines, Greenstone Gold Mines, Ambershaw Metallics, and Magino Mines. Mr. Blajchman has led environmental assessment and permitting processes, Indigenous and community engagement, and ESG strategy for various projects, and has provided due diligence and assurance services to companies such as Centerra Gold, Yamana Gold, and Alamos Gold. As a Professional Agrologist, he is recognized for his ability to navigate complex regulatory environments and deliver large-scale projects.

The key risks to Gold X2 Mining (AUXX) are:

1. Exploration and Development Success Uncertainty: Gold X2 Mining is a junior mineral exploration company that does not currently own any producing properties. Its future viability is heavily dependent on the success of its exploration activities in leading to economically viable mineral deposits and the company's ability to advance these projects through to development. There is no guarantee that exploration efforts will result in the discovery of commercial quantities of gold, or that any discovered deposits can be economically developed.
2. Financing and Capital Raising Risk: As a company without revenue-generating operations, Gold X2 Mining's business activities, including ongoing exploration and potential development of its Moss Gold Project, require substantial capital. There is a significant risk that the company may not be able to secure adequate financing on favorable terms, or at all, to continue its operations. The company primarily funds its activities through equity financings.
3. Commodity Price Volatility Risk: Gold X2 Mining is a gold-focused company, and thus the profitability and overall value of its projects are directly tied to the fluctuating market price of gold. Gold prices are subject to global economic, political, and speculative factors, which are beyond the company's control. Significant declines in gold prices could negatively impact the economic viability of its projects and its financial performance.

Here are 3-5 expected drivers of future revenue growth for Gold X2 Mining (symbol: AUXX) over the next 2-3 years:

1. Advancement of the Moss Gold Project to Commercial Production: Gold X2 Mining Inc. is currently an exploration and development company with no producing properties, focused entirely on its 100%-owned Moss Gold Project in Ontario, Canada. The primary driver of future revenue growth will be the successful advancement of this project through permitting, construction, and ultimately into commercial gold production. The company's activities are centered on moving this asset toward potential development.
2. Successful Expansion and Upgrade of Mineral Resources: Continued positive drilling results that expand the known gold resource and upgrade its classification (e.g., from inferred to indicated or measured) at the Moss Gold Project are critical. Recent drilling has identified wider gold-bearing zones, contributing to the overall understanding and potential size of the resource. An enlarged and higher-confidence mineral resource base underpins a more robust and economically viable mine plan.
3. Positive Economic Studies and De-risking the Project: The completion of favorable Preliminary Economic Assessments (PEA), Pre-Feasibility Studies (PFS), and ultimately a Feasibility Study (FS) for the Moss Gold Project will be a significant driver. These studies demonstrate the project's economic viability, projected costs, and potential returns, which are crucial for attracting further investment and de-risking the development path towards revenue generation.
4. Securing Development Capital and Strategic Partnerships: As an exploration company primarily funded through equity financings, securing the substantial capital required for the construction and infrastructure development of a mine at the Moss Gold Project is essential. This could involve debt financing, further equity raises, or strategic partnerships with larger mining companies that can provide capital, expertise, and a pathway to production.
5. Favorable Gold Price Environment: While external to the company's direct operations, a sustained strong or increasing price for gold will significantly enhance the economic attractiveness of the Moss Gold Project. Higher gold prices improve project profitability, making it more appealing for development and potentially accelerating the timeline to production, thereby impacting future revenues.

Capital Allocation Decisions for Gold X2 Mining (AUXX)

Share Issuance

• On July 29, 2026, Gold X2 Mining completed a 6-for-1 share consolidation, reducing the number of issued and outstanding common shares to approximately 101,110,094.
• Effective September 8, 2026, Gold X2 Mining commenced trading on the NYSE American under the symbol "AUXX" following its 6:1 share consolidation, which is expected to broaden its investor base and increase visibility within U.S. capital markets.
• On October 27, 2026, Gold X2 Mining announced definitive agreements to spin out a 1.0% net smelter return (NSR) royalty on its Moss Gold Project to a new subsidiary, "SpinCo," with existing shareholders receiving one-fifth of one SpinCo share for each Gold X2 share held.

Inbound Investments

• Gold X2 Mining is backed by a Canadian private equity firm.
• As of October 20, 2026, SS3H Ventures LLC reported beneficial ownership of 7,933,332 shares, representing a 7.54% stake in Gold X2 Mining.

Capital Expenditures

• Gold X2 Mining reported annual capital expenditures of $7.73 million in 2025, $340.285K in 2024, and $20.088 million in 2023.
• The company invested over $100 million of new capital and completed approximately 100,000 meters of drilling on the Moss Gold Project as of January 26, 2026.
• Gold X2 Mining is undertaking an ongoing 160,000-meter drill program at the Moss Gold Project, with 99,257 meters completed as of September 15, 2026, primarily focused on resource expansion, resource development, and near-mine exploration.