Gold Basin Resources Announces Date Of Annual General Meeting And Provides Corporate Update

(TheNewswire)

Vancouver, British Columbia, February11, 2026 - TheNewswire – Gold Basin ResourcesCorporation (TSXV: GXX; OTCQB: GXXFF) (the“Company” or “GoldBasin”) announces that its board of directors(the “Board”) has fixed May 12, 2026 as the date for the Company’sannual general meeting of shareholders (the “Meeting”). Therecord date for shareholders entitled to receive notice of, and tovote at, the Meeting will be announced in due course.

Annual General Meeting

The Meeting is being called in response to a requestfrom Canex Metals Inc. (“Canex”) following the final,non?extendable expiry of its hostile takeover bid (the“Hostile Bid”) on February 10, 2026, at 5:00 p.m. (Toronto time). TheMeeting date allows sufficient time for the completion by the Companyof its audited annual financial statements for the fiscal year endedDecember 31, 2024 (which are required to be tabled at the Meeting),the preparation of the management information circular and compliancewith all applicable notice, record date and mailing requirements underthe Company’s constating documents and applicable securitieslegislation.

Canex Hostile Bid

The Company, together with its legal advisors, hascommenced a rigorous review of the common shares purportedly tenderedto the Hostile Bid and has serious concerns regarding the validity ofcertain tenders, including whether applicable requirements undersecurities legislation were satisfied. The Company reserves all rightsin respect of this matter and intends to provide further updates toshareholders as its review progresses.

Commitment to ShareholderValue

The Board remains committed to acting in the bestinterests of the Company and all of its shareholders. The Boardcontinues to carefully evaluate all options available to the Companyto maximize shareholder value and remains open to considering anybona fide proposals that, in the judgment of the Board afterconsultation with its financial and legal advisors, are in the bestinterests of the Company and its shareholders. The Board encouragesany interested party to submit formal proposals for the Board’sconsideration.

Shareholders are encouraged not to take any action withrespect to their shares at this time, pending the completion of theCompany’s review and the distribution of the management informationcircular in connection with the Meeting.

About Gold Basin ResourcesCorp.

Gold Basin Resources Corporation is advancing the 42km2 Gold Basin Project, located in the tier one mining jurisdiction ofMohave County, Arizona. Gold Basin is accessible year-round via a1.5-hourdrive on Highway I-93 southeast of Las Vegas, and high-powerelectrical lines from the Hoover Dam crosscut the southern Projectarea. The immediate focus of Gold Basin's highly experiencedtechnical team is to expand and delineate multiple at-surface oxidegold deposits and prove the project's district-scale potential.For further information, please visit the Company's web site at:www.goldbasincorp.com.

On Behalf of the Board of Directors

Charles Straw

President, Director & interim CEO

For further information, pleasecontact:

Email: info@goldbasincorp.com

Phone: +61 417181990 (Melbourne, Australia -- UTC+10(AEST)

Cautionary Note RegardingForward-Looking Statements

This press release contains“forward-looking information” and “forward-looking statements”within the meaning of applicable Canadian securities legislation.Forward-looking statements include, but are not limited to, statementsregarding the anticipated date of the Meeting, the completion of theCompany’s audited annual financial statements, the Company’sreview of shares tendered to the Hostile Bid, and the Board’sevaluation of strategic alternatives. Forward-looking statements arebased on certain assumptions and are subject to risks anduncertainties that could cause actual results to differ materiallyfrom those expressed or implied. The Company does not undertake anyobligation to update forward-looking statements except as required byapplicable securities legislation. Neither the TSX Venture Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release.

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