TORONTO--(BUSINESS WIRE)--Jul 14, 2026--
RPX Gold Inc. (“RPX Gold”, “ RPX ” or the “ Company ”) (TSXV: RPX. OTCQB: RDEXF) is pleased to announce the mobilization of a second diamond drill at its Wawa Gold Project in Ontario (Figure 1). The second drill will expedite the completion of the ongoing 20,000 metre (“ m ”) drilling program, of which approximately 5,000 metres have been completed to date, in preparation of a prefeasibility study ( “PFS” ) targeted for completion in the first half of 2027 (“ H1 2027 ”).
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The 20,000 m drilling program aims to:
Michael Michaud, President and CEO of RPX Gold, commented: “Mobilizing a second drill at Wawa is an important step in advancing the project toward a PFS early next year. With two rigs now active, we are well positioned to accelerate our fully-funded 20,000 m drill program and move efficiently toward an updated mineral resource estimate and PFS.
“Our immediate focus is completing the resource conversion drilling needed to upgrade areas of the mine plan that were classified as inferred resources in the 2026 PEA. The additional drill capacity allows us to advance the resource conversion in parallel with the metallurgical, geotechnical and grade validation required to support the PFS.
“The second drill will provide greater flexibility to test exploration targets identified through the 2025–2026 program, further highlighting the upside potential of the land package. This is a disciplined use of our drilling to compress timelines and advance technical workstreams in parallel, de-risking of the project at every stage. Our priority remains advancing the Wawa Gold Project toward completion of the PFS, targeted for H1 2027.”
2026 Drilling Program
The 2026 PEA mine plan identified that approximately 63% of open-pit ounces and 86% of underground ounces included in the economic model were classified as indicated mineral resources. On May 14, 2026, the Company announced results of an initial 9,000 m drilling program, targeting the conversion of inferred resources to the indicated confidence category in the areas of the Jubilee Deposit with open pit potential.
Highlights from the 9,000 m 2025-2026 Drilling Program Include (see press release of May 27, 2026 and December 16, 2025):
Note: Intercepts are calculated using a 0.40 g/t Au cut-off and a maximum of 6.0 m of internal dilution with no capping applied and are reported over core lengths. True widths are estimated to vary between 50 to 95% of the reported core length in the Jubilee Shear.
RPX Gold has since initiated a new 20,000 m diamond drilling program focused on resource conversion within strategic areas of the underground mine plan as identified in the 2026 PEA, including 3,000 m to 5,000 m of grass roots exploration drilling. The Company is mobilizing a second drill rig to support the next phase of advancement which will include an updated mineral resource estimate to be utilized in the preparation of a PFS anticipated in H1 2027.
The resource conversion drilling to upgrade inferred mineral resources to the indicated mineral resource category will consist of 15,000 m to 17,000 m of drilling, and will allow for data collection of material for metallurgical, geotechnical and grade validation purposes to support the PFS.
This drilling program commenced in April, 2026, and as of July 12, 2026, the Company has completed approximately 5,000 m.
Appointment of Target IR & Communications
RPX Gold is also pleased to announce that it has entered into an investor relations agreement (the “ Agreement ”) with 2608124 Ontario Inc. (dba Target IR & Communications) (“ Target IR ”) for investor relations and communications services to increase the Company’s visibility within Canadian capital markets and to streamline overall corporate messaging, IR planning and investor outreach, in addition to supporting digital marketing initiatives. Under the terms of the Agreement, effective July 15, 2026, Target IR will receive a monthly service fee of CAD 8,000 (plus applicable taxes) for an initial term of six months, with the option to renew on a quarterly basis thereafter. Target IR is at an arm’s length relationship with the Company and does not have any direct or indirect interest in the Company or its securities.
Based in Toronto, Target IR is a strategic IR firm serving growing and emerging publicly listed companies, with over 40 years of combined experience working alongside mining, technology and healthcare clients. With TSX/TSX-V, NYSE, and LSE experience, the firm’s dedicated team leverages their deep IR, strategic communications and capital markets expertise to plan and execute proactive investor relations programs.
The Agreement is subject to the approval of the TSX Venture Exchange.
Quality Assurance/Quality Control ("QA/QC") Measures
Individual drill core samples are labelled and sawn in half along a pre-marked cutting line. A consistent half-core sample is then placed in an individual numbered plastic sample bag that is sealed. The remaining half-core samples are kept at the Company’s core storage facility located on the Wawa Gold project. Quarter-core duplicates are taken from certain samples to define the variability of gold distribution. Groups of samples are then placed into durable rice bags sealed with security seals to be transported by commercial carrier for analysis at Activation Laboratories Ltd. (Actlabs), Ancaster, Ontario. NQ core assays are obtained by 50-gram fire-assay with a AA finish or by 1-kilogram metallic screen fire assay. The 1-kilogram metallic screen assay method is selected for samples anticipated to contain coarse gold and when the original fire-assay returns results greater or equal to 2.25 g/t Au. The residual coarse reject portions of the samples remain in storage for a minimum 90-day period if further work or verification is needed.
As part of its QA/QC program, RPX Gold inserts external gold standards (low- to high-grade) and blanks every 20 samples and routinely inserts blanks immediately after samples with visible gold. Quarter core duplicates are routinely inserted to evaluate the natural variability of gold mineralization. Assay certificates are sent to at least three members of the senior management team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5% of the pulps and coarse rejects analyzed at Actlabs are sent to Agat Laboratories in Thunder Bay for umpire testing.
Qualified Person Jean-François Montreuil, P.Geo., Vice President, Exploration at RPX Gold, and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
About RPX Gold Inc.
RPX Gold Inc. is a Toronto-based gold exploration company. The Company’s flagship asset, the Wawa Gold Project, is located in northwestern Ontario, in the Michipicoten Greenstone Belt of Ontario, adjacent to several established gold-producing operations, including those operated by Wesdome Gold Mines Ltd., Alamos Gold Inc. and Hemlo Mining Corp. The Wawa Gold Project benefits from strong local infrastructure and excess regional mill capacity.
The Company is evaluating open-pit operations designed to generate early cash flow to help fund the advancement of the underground operation. This phased approach is aimed at de-risking development, accelerating the time to revenue and minimizing shareholder dilution. The approach is subject to the completion of a number of milestones before a production decision can be made, such as continued drilling and mineral resource definition, conducting additional metallurgical test work, completing a prefeasibility study, continuing baseline studies as well as additional permitting and Indigenous consultations, among other factors.
The Wawa Gold Project currently hosts mineral resources from two mineral deposits, namely the Jubilee Shear and the Minto Mine. The mineral resources include an indicated mineral resource of 22.909 million (“ M ”) tonnes grading 1.69 g/t Au containing 1,244,000 ounces Au and an inferred mineral resource of 9.951 M tonnes grading 1.59 g/t Au containing 509,000 ounces Au, with both open-pit and underground mining potential. Gold mineralization extends to surface on a historic mining property, which supports the Company’s phased development strategy. Please refer to the technical report entitled “Preliminary Economic Assessment: Wawa Gold Project” with an effective date of February 18, 2026, which is available on www.SEDARPLUS.ca under the Company’s profile for more information.
The Company's shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”.
For material information about the Company, visithttp://www.rpxgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance.
Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information contained in this news release includes, but may not be limited to: statements regarding completion of the PFS in H1 2027; completing the conversion of inferred mineral resources to indicated mineral resources in strategic areas of the mine plan identified in the 2026 PEA; acquiring additional data for grade validation, and metallurgical and geotechnical purposes in key areas of the underground mine plan identified in the 2026 PEA; conducting initial follow-up drill testing of several exploration targets identified by previous drilling in areas outside of the current mineral resource; accelerating completion of the 20,000 m drill program; testing exploration targets identified in the 9,000 m drilling program later this year; and evaluating open-pit operations designed to generate early cash flow to help fund the advancement of the underground operation. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Such opinions, assumptions and estimates are inherently subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are: the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), variations in material grade or recovery rates, changes in accounting policies, changes in the Company's mineral reserves and resources, changes in Project parameters as plans continue to be refined, changes in Project development, construction, production and commissioning time frames, the possibility of Project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and weather, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance.
This information contained in this news release is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including the Company’s financial statements and related MD&A for the year ended July 31, 2025, and the interim financial report and related MD&A for the periods ended October 31, 2025, January 31, 2026 and April 30, 2025, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Regional Property Map of the Wawa Gold Project
Targeted areas in the new 2026 drilling program and drilling highlights from open-pit area drilling.
