CANEX Metals Inc. Calls for Urgent Change in Gold Basin Leadership

CANEX Metals Inc. announced an annual general meeting of Gold Basin Resources Corporation's shareholders for March 16, 2026, amidst growing concerns over the company's governance and performance. The meeting follows a court order, reflecting CANEX's position as the controlling shareholder with 54.04% interest. The company aims to address significant issues plaguing Gold Basin and intends to propose new board appointments.

Gold Basin's current management has been under scrutiny for non-compliance with securities laws, failure to hold annual meetings, and financial mismanagement. Key issues include a trading halt imposed by regulators, significant shareholder value destruction, missing financial statements, and controversial related-party transactions.

CANEX, alongside its advisory firm, Laurel Hill Advisory Group, urges shareholders to vote for change using the provided GOLD proxy form. The deadline to submit votes is March 12, 2026. The move seeks to restore regulatory compliance and align the company with shareholder interests.