Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Brad Cornborough was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CA$6.0m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (CA$1.7m sold). Announcement • Jul 10
Gold X2 Mining Inc. Announces Appointment of Brad Cornborough as Board of Directors, Effective July 9, 2026 Gold X2 Mining Inc. announced the appointment of Brad Cornborough to its Board of Directors, effective July 9, 2026. The appointment remains subject to acceptance by the TSX Venture Exchange. Brad Cornborough is a lawyer who has extensive experience with capital projects, regulatory matters and First Nations engagement, across the mining, forestry and transportation sectors. He is currently the General Counsel of Seaspan Marine, a diverse group of Canadian marine transportation businesses. Brad was previously in-house counsel at Coeur Mining, where he was closely involved in several mine development and capital improvement projects, and with obtaining major mining and environmental authorizations. In his current and previous in-house roles, and throughout his prior years in private practice with the firm Norton Rose Fulbright Canada, Brad has also successfully negotiated and supported the implementation of numerous partnerships, joint ventures, impact-benefit agreements and other agreements with First Nations. He holds a Bachelor of Commerce degree from McGill University and a Juris Doctor degree from the University of British Columbia. 
