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Canex Metals Acquires 51.93% of Gold Basin and Seeks a Court-Appointed Annual General Meeting of Gold Basin Shareholders

CALGARY, AB / ACCESS Newswire / February 6, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to announce that more than 70,167,146 shares of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX), representing 51.93% of the common shares ("Gold Basin Shares") have been deposited under the CANEX offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin and CANEX is now the largest and controlling shareholder. A court order has been issued by the Supreme Court of British Columbia allowing Gold Basin's Transfer Agent to be reinstated and prohibiting current Gold Basin Directors from further incurring debt or impairing Gold Basin's assets.

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CANEX Metals Responds to Gold Basin Resources' Last-Minute Attempt to Transfer Material Property to a Related Party

CALGARY, AB / ACCESS Newswire / January 20, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) issues the following response to Gold Basin Resources Corporation's ("Gold Basin") (TSX.V:GXX) news release dated January 19, 2026, where Gold Basin announced that it has granted security over a portion of its only material property, the Gold Basin Project in Mojave County, Arizona, to a related party. Despite this announcement, CANEX remains committed to its offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin and unlock value for Gold Basin and CANEX shareholders.

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Canex Metals Achieves Over 49% Support for Its Offer to Purchase Shares of Gold Basin Resource With Additional Tenders Pending, Extends Its Offer Until January 29

CALGARY, AB / ACCESS Newswire / January 19, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce significant support for its offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) and has extended the Offer deadline to January 29, 2026. This extension will facilitate shareholders of Gold Basin ("Gold Basin Shareholders") who are experiencing delays in tendering in part related to the delinquent condition of Gold Basin, to deposit their shares under the Offer.

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Early Warning Report - Shares of Canex Metals Inc.

CALGARY, AB / ACCESS Newswire / December 30, 2025 / This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Take over Bid and Insider Reporting Issues regarding the disposition and acquisition of securities of Canex Metals Inc. ("Canex"). On December 23, 2025, Eric Fier ("Mr.

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CANEX Metals Closes $3 Million Strategic Financing, Lead Investor Eric Fier is Now a Canex Insider, Momentum Building for Offer to Purchase Gold Basin

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESS Newswire / December 23, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Financing") of 20,000,000 common shares (the "Common Shares") for gross proceeds of $3,000,000. The Company is also pleased to announce that Mr.

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Canex Announces Results of Annual & Special Meeting

CALGARY, AB / ACCESS Newswire / October 30, 2025 / CANEX Metals Inc. ("Canex") is pleased to report that at its Annual & Special Meeting, held on October 30, 2025, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes, Gregory Hanks and Blair Schultz were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at five, the appointment of BDO Canada LLP as Auditors and ratified Canex's stock option plan.

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CANEX Announces Arrangements to Address Mailing Delays Resulting from Canada Post Strike

CALGARY, AB / ACCESS Newswire / October 2, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is providing an update to its shareholders regarding the potential impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver its meeting materials to shareholders in connection with its upcoming annual general meeting of shareholders scheduled to be held on October 30, 2025 (the "Meeting"). The Company has delivered the completed Notice of Meeting, Information Circular and related proxy materials (the "Meeting Materials") to the appropriate parties for mailing to registered and unregistered shareholders prior to the Meeting, but due to the postal strike, it is possible that the Meeting Materials will not be delivered to shareholders prior to the Meeting.

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Canex Announces Strong and Growing Support for Gold Basin Offer

Over 26% of Gold Basin shares have been committed under Lock-up Agreements Gold Basin continues to be a rudderless ship, with even the most basic governance obligations abdicated by the Gold Basin Board Gold Basin shareholders looking to tender to the Offer should contact Laurel Hill Advisory Group, the information agent in connection with the Offer, by telephone at 1-877-452-7184, (1-416-304-0211 for collect calls outside North America), or by email at assistance@laurelhill.com . CALGARY, AB / ACCESS Newswire / September 25, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to provide an update on the previously announced Offer (unless otherwise stated, all capitalized terms having the meaning ascribed to them in the offer to purchase circular filed on Sedar+ on August 28, 2025) to acquire Gold Basin Resources Corporation (TSX.V:GXX).

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Canex Files Offer and Take-Over Bid Circular for Gold Basin And Formally Commences Take-Over Bid

Offer provides significant upfront premium and credible path to liquidity for Gold Basin shareholders Approximately 18% of Gold Basin shares have already committed to support the Offer; remaining Gold Basin shareholders are urged to join them today Gold Basin shareholders with questions should contact Laurel Hill Advisory Group, the information agent in connection with the Offer, by telephone at 1-877-452-7184, (1-416-304-0211 for collect calls outside North America), or by email at assistance@laurelhill.com. CALGARY, AB / ACCESS Newswire / August 28, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce that it has formally commenced its offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Gold Basin Shares") of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) by way of a take-over bid on Thursday, August 28, 2025.

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Mayfair Acquisition Corp. Announces It Will No Longer Make Takeover Bid for Gold Basin Resources Corporation and Canex Metals Inc.

VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Mayfair Acquisition Corp. (TSXV: MFA.P) (“Mayfair” or the “Company”) announces that it no longer intends to make a takeover bid for the outstanding securities of Gold Basin Resources Corporation (“Gold Basin”) and Canex Metals Inc. ("Canex"). The representatives of Discovery Group, being John Robins, Jim Paterson, and Darren Klinck, who were supporting Mayfair's bid originally announced on March 20, 2025, have agreed to support the formal takeover bid by Canex for all issued and outstanding shares of Gold Basin initially announced on June 9, 2025.

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CANEX Receives Partial Revocation of Cease Trade Order Imposed on Gold Basin From the British Columbia Securities Commission Allowing CANEX To Proceed With Making a Take-Over Bid To Acquire Gold Basin

CALGARY, AB / ACCESS Newswire / August 19, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to announce that the British Columbia Securities Commission ("BCSC") has issued an order (the "Partial Revocation Order") dated August 18, 2025, partially revoking the failure-to-file cease trade order (the "Cease Trade Order") issued against Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) on May 6, 2025 for failing to file certain outstanding continuous disclosure documents prescribed by applicable securities laws. The Partial Revocation Order permits the Company to proceed with making an offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin by way of a take-over bid (the "Bid"), as previously disclosed in the news releases dated June 9, 2025 and July 31, 2025.

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Canex Announces Two New High Priority Geophysical Targets in Addition to the Known Copper Gold Porphyry Centre at the Louise Project, British Columbia

CALGARY, AB / ACCESS Newswire / July 31, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") is pleased to announce results from an induced polarization (IP) geophysical survey recently completed over the Louise Copper-Gold Porphyry Project (Louise Project) in British Columbia. A new and previously unknown chargeability target has been identified two kilometres west of the historic Louise deposit and has been named the West Louise Target.

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CANEX Closes Equity Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, AB / ACCESS Newswire / June 26, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of 23,636,380 common shares ("Common Shares") for gross proceeds of $1,300,000.90.

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