CANEX Metals Corrects Share Acquisition Figures for Gold Basin Offer

On March 20, 2026, CANEX Metals Inc. issued a revised statement concerning the number of Gold Basin Resources Corporation shares acquired following an offer to purchase all outstanding shares. The original announcement on February 10, 2026, indicated 73,026,822 shares, equating to 54.04% of Gold Basin's outstanding shares, had been correctly submitted. However, deficiencies in certain tenders related to Gold Basin's transfer agent led to a revised figure of 70,088,199 shares, representing 51.86% of outstanding shares. CANEX issued 41,492,194 of its own shares to Gold Basin shareholders in return.

CANEX, alongside Laurel Hill Advisory Group, is assisting shareholders with deficient deposits to address transfer issues and enable participation in potential future transactions. An amended early warning report will be filed on SEDAR+ reflecting these changes.