BRIEF

on CANEX Metals Inc. (CVE:CANX)

Gold Basin Resources Conducts Transformational AGM

CANEX Metals Inc., a controlling shareholder of Gold Basin Resources Corporation, has announced significant changes following Gold Basin's annual general meeting on March 16, 2026. The AGM saw participation of 54.56% of Gold Basin's common shares, with unanimous support for all director nominees and resolutions.

A newly elected board of directors was established, consisting of Shane Ebert, Mark Ernst, Jim Paterson, John Robins, and Jordan Ross. Shane Ebert was appointed President and CEO, indicating a strategic shift. Manning Elliott LLP was appointed as auditor, while Shane Ebert outlined plans to address regulatory issues and enhance stakeholder value in Arizona's gold district.

Additionally, CANEX issued 41,492,194 shares for Gold Basin's shareholders from a recent takeover bid, emphasizing their intent to further consolidate Gold Basin's shares.

R. P.

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