New Risk • May 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$87.5m market cap, or US$63.6m). Announcement • May 14
RPX Gold Inc. announced that it has received CAD 14.145 million in funding On May 13, 2026, RPX Gold Inc. closed the transaction. The company issued 11,051,450 units (the “Non-FT Units”) at a price of CAD 0.17 per Non-FT Unit for gross proceeds of CAD 1,878,746.5; 29,591,576 flow-through units (the “Tranche 1 FT Units”) at a price of CAD 0.238 per
Tranche 1 FT Unit for gross proceeds of CAD 7,042,795.088; 9,805,000 flow-through units (the “Tranche 2 FT Units”) at price of CAD 0.204 per
Tranche 2 FT Unit for gross proceeds of CAD 2,000,220; 18,360,225 Common Shares (the “Non-FT Shares”) at a price of CAD 0.17 per Non-FT Share for gross proceeds of CAD 3,121,238.25; 500,000 Common Shares that qualify as “flow-through shares” as defined in subsection 66(15) of the Tax Act (the “FT Shares”) at a price of CAD 0.204 per FT Share for gross proceeds of CAD 102,000. The company raised total aggregate gross proceeds of CAD 14,144,999.838 in the offering. Each Non FT Unit consists of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each Tranche 1 FT Unit consists of one Common Share and one-half of one Warrant. Each such Common Share and one-half of one Warrant. Each Warrant will entitle the holder thereof to acquire one Common Share at a price per Warrant Share of CAD 0.27 until May 13, 2028. The Offering was conducted on a “best-efforts” basis. In consideration for their services, the Agents received a cash commission equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Agents were also issued broker warrants (the “Broker Warrants”) equal to 6.0% of the number of Offered Securities sold under the Offering. Each Broker Warrant entitles the holder thereof to subscribe for one Common Share at a price of CAD 0.17 per Common Share
until May 13, 2028. All Non-FT Shares and FT Shares distributed in connection with the Offering were issued and sold pursuant to the "Listed Issuer Financing Exemption" available under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption”) and in reliance on Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Pursuant to the LIFE Exemption, all Non-FT Shares and FT Shares issued under the Offering to Canadian subscribers are not subject to a hold period in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange (the "Exchange"). All other securities not issued pursuant to the LIFE Exemption, namely, the Non-FT Units, Tranche 1 FT Units, Tranche 2 FT Units and the Broker Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on September 14, 2026. The Offering remains subject to the final acceptance of the Exchange. Announcement • Apr 17
RPX Gold Inc. announced that it expects to receive CAD 11 million in funding RPX Gold Inc. has entered into an agreement with Haywood Securities Inc. as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents pursuant to which the Agents have agreed to sell, on a 'best efforts' private placement basis, securities of the Company for maximum gross proceeds to the Company of CAD 11,000,000 on April 17, 2026. The offered securities are Non-flow through shares at a price of CAD 0.170 per Non-FT Share,Non-flow through units at a price of CAD 0.170 per Non-FT unit,Tranche 1 FT Shares at a price of CAD 0.238 per Tranche 1 FT Share, Tranche 1 FT units at a price of CAD 0.238 per Tranche 1 FT unit, Tranche 2 FT Shares at a price of CAD 0.204 per Tranche 2 FT Share, Tranche 2 FT units at a price of CAD 0.204 per Tranche 2 FT unit. Each Non-FT Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company . Each Tranche 1 FT Share will qualify as a 'flow-through share'. Each Tranche 1 FT Unit will consist of one Tranche 1 FT Share and one-half of one Warrant. Each Tranche 2 FT Share will qualify as a 'flow-through share. Each Tranche 2 FT Unit will consist of one Tranche 2 FT Share and one-half of one Warrant. Each Warrant will entitle the holder to acquire one Common Share at a price per Warrant Share of CAD 0.27 for a period of 24 months from the closing date of the Offering. The Company has granted the Agents an option to sell up to an additional 15% of the Offering, being C$1,650,000, in any combination of: Non-FT Shares, Non-FT Units, Tranche 1 FT Shares, Tranche 1 FT Units, Tranche 2 FT Shares and Tranche 2 FT Units at their respective issue prices, exercisable in whole or in part at any time up to 48 hours prior to the closing date of the Offering. The Non-FT Shares, Tranche 1 FT Shares, and Tranche 2 FT Shares to be issued under the Offering pursuant to the LIFE Exemption will not be subject to a restricted period pursuant to applicable Canadian securities laws. The Non-FT Units, Tranche 1 FT Units, and Tranche 2 FT Units to be issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. The Offering is expected to close on or about May 13, 2026 or such other date as the Company and the Agents may agree, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. 
