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QCX Gold Corp. (TSXV: QCX,OTC:QCXGF) (OTC Pink: QCXGF) (FSE: 21MA) (“QcX” or the “Firm”) is happy to announce it has entered into mining declare acquisition agreements (the “Agreements”) with arm’s size events (the “Distributors”) dated December 12, 2025, to amass 100% of the Olsen Challenge, a 3,715-hectare land package deal positioned throughout the Batchawana Bay space in northwest Ontario (the “Olsen Challenge”). The acquisition expands QcX’s land place within the Batchawana Greenstone Belt, consolidating a potential copper-gold district positioned straight alongside development of Sterling Metals Corp.’s Soo Copper Challenge.
The addition of the Olsen Challenge will increase the Firm’s Batchawana Challenge to a complete of 30 multi-cell claims and 39 single-cell claims, forming a big, largely contiguous land place that now shares greater than 6.6 kilometres of frequent boundary with the core of Sterling’s just lately introduced discovery (see Determine 1). Sterling’s discovery highlights embody 262.5 m of 1.05% CuEq (0.52% Cu, 0.005% Mo, 0.49g/t Au, 3.15g/t Ag), with higher-grade intervals together with 68.3 m of three.25% CuEq (1.39% Cu, 0.007% Mo, 1.83 g/t Au, 8.46 g/t Ag) and 9.2* m of 19.8% CuEq (6.8% Cu, 0.008% Mo, 13.2 g/t Au, 46.26 g/t Ag) (Sterling information launch dated September 29, 2025). QcX’s expanded floor place locations the Firm prominently inside one in all Canada’s most promising rising copper districts. The Firm cautions traders that mineralization hosted on close by or adjoining properties is just not essentially indicative of mineralization hosted on the Olsen Challenge.
Historic work on the Olsen claims signifies 5 documented mineral occurrences supported by diamond drilling, geological mapping, and geochemical sampling. Historic drilling has intersected quartz-porphyry lithologies, important pyrite with minor chalcopyrite, and alteration per copper-gold porphyry techniques. Historic highlights embody a 1.98 g/t Au floor seize pattern1 and 0.03% Cu over 1.18 m from historic drilling2.
Strategic and Geological Highlights
- Prime Geological Setting: The Property is positioned throughout the Precambrian Batchawana Greenstone Belt and related metasedimentary sequences alongside the jap margin of the Mid-Continent Rift (MCR) – a regional geological setting identified for giant copper techniques each in Ontario and throughout the border in Michigan.
- On-Pattern with Historic Manufacturing: The claims lie alongside strike of the past-producing Tribag Mine, traditionally mined for copper, molybdenum, silver, and gold.
- Geological Continuity with Sterling’s Discovery: QcX’s claims show comparable stratigraphy, structural orientation, and magnetic signatures to these internet hosting Sterling’s mineralization. Historic soil geochemical anomalies and untested geophysical conductors present instant exploration alternatives.
Upcoming Exploration Work:
QcX intends to start a goal technology & delineation program adopted by a prospecting & mapping program throughout the mixed Batachawana Challenge, following up on the just lately accomplished high-resolution magnetic survey. Desktop research and fieldwork will prioritize porphyry-style targets, multi-element anomalism, and structural traits.
Determine 1: QcX’s expanded Batchawana Challenge in relation to Sterling Metals and historic mines and mineral occurrences.
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Transaction Phrases
Pursuant to the phrases of the Agreements, as consideration for the Olsen Challenge, the Firm shall: (A) pay an combination of $28,000 in money to the Distributors on or earlier than the date that the Firm receives approval from the TSX Enterprise Alternate (the ” Efficient Date“), an extra $36,000 in money on or earlier than the primary anniversary of the Efficient Date, an extra $50,000 in money on or earlier than the second anniversary of the Efficient Date, and a remaining money fee on or earlier than the third anniversary of the Efficient Date; and (B) subject to the Distributors an combination of 500,000 frequent shares (the “Widespread Shares“) within the capital of the Firm on the Efficient Date, and subject an combination of 300,000 Widespread Shares to the Distributors on or earlier than the second anniversary of the Efficient Date.
As well as, the Firm will grant the Distributors shall be entitled to a 1.5% internet smelter returns royalty (the “Royalty“) in accordance with the phrases of the Agreements. QcX has the choice to buy 0.5% of the Royalty (lowering the Royalty to 1.0%) by making a money fee to the Distributors within the quantity of $500,000.
The completion of the Transaction contemplated by the Settlement stays topic to the approval of all regulatory and different approvals, together with the approval of the TSX Enterprise Alternate. All securities issued pursuant to the Transaction shall be topic to a statutory maintain interval of 4 months and in the future from the issuance thereof, as relevant, in accordance with relevant securities legal guidelines.
Certified Individual
Kelly Malcolm, P.Geo. (PGO – 2864), a director of QcX and a non-independent Certified Individual (“QP”) as such time period is outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives, has reviewed and authorised the geological info reported on this information launch. The QP has not accomplished adequate work to confirm the historic info on the Property, notably on the subject of historic sampling and regional government-mapped geology. Nonetheless, the QP assumes that sampling and analytical outcomes have been accomplished to trade customary practices. The knowledge gives a sign of the exploration potential of the Property however might not be consultant of anticipated outcomes.
About QcX Gold
QcX Gold is exploring for gold and VMS-style mineralization on its extremely potential and well-located properties in Québec and Ontario. The Golden Big Challenge is positioned within the James Bay area, 2.9 km from Azimut Exploration Inc.’s Patwon discovery on their Elmer gold mission. The Fernet Challenge is positioned within the Abitibi Greenstone Belt and is contiguous with Wallbridge Mining Firm Restricted’s Fenelon/Martinière property. Each Québec properties are located close to important discoveries and profit from beneficial infrastructure.
In Ontario, QcX holds the Batchawana Challenge, a consolidated land place throughout the Batchawana Greenstone Belt close to Sault Ste. Marie. The Challenge now contains the just lately acquired Olsen claims, increasing the property to a contiguous package deal adjoining to Sterling Metals Corp.’s Soo Copper Challenge. The realm is underlain by greenstone and Mid-Continent Rift-related geology that has traditionally produced copper, gold, molybdenum, and silver, and stays underexplored with trendy strategies.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Ahead-looking statements:
This information launch incorporates forward-looking statements. All statements, aside from of historic information, that tackle actions, occasions or developments that the Firm believes, expects or anticipates will or could happen sooner or later together with, with out limitation, the deliberate exploration program, the anticipated constructive exploration outcomes, the timing of the exploration outcomes, the flexibility of the Firm to proceed with the exploration program, the provision of the required funds to proceed with the exploration and the potential mineralization or potential mineral sources are forward-looking statements. Ahead-looking statements are usually identifiable by use of the phrases “will”, “ought to”, “proceed”, “count on”, “anticipate”, “estimate”, “imagine”, “intend”, “to earn”, “to have’, “plan” or “mission” or the destructive of those phrases or different variations on these phrases or comparable terminology. Ahead-looking statements are topic to quite a few dangers and uncertainties, a lot of that are past the Firm’s means to regulate or predict, that will trigger the precise outcomes of the Firm to vary materially from these mentioned within the forward-looking statements. Elements that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst different issues, failure to satisfy anticipated, estimated or deliberate exploration expenditures, failure to determine estimated mineral sources, the chance that future exploration outcomes is not going to be per the Firm’s expectations, common enterprise and financial situations, modifications in world gold markets, adequate labour and gear being obtainable, modifications in legal guidelines and allowing necessities, unanticipated climate modifications, title disputes and claims, environmental dangers in addition to these dangers recognized within the Firm’s annual Administration’s Dialogue and Evaluation. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could differ materially from these described and accordingly, readers mustn’t place undue reliance on forward-looking statements. Though the Firm has tried to establish vital dangers, uncertainties and elements which may trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements besides as in any other case required by relevant legislation.
1 (L.J, Nelson, March 1989, Prospecting Report – Olsen Township Ontario, Ontario Evaluation File Database)
2 (Joubin F.R., Macintosh, J.A., and Lien, H.O, 1962-1963, Diamond Drilling Historic Report Olsen-0013, Ontario Evaluation File Database)
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