Vancouver, British Columbia, February 11, 2026 - TheNewswire – Gold Basin Resources Corporation (TSXV: GXX; OTCQB: GXXFF) (the “Company” or “Gold Basin”) announces that its board of directors (the “Board”) has fixed May 12, 2026 as the date for the Company’s annual general meeting of shareholders (the “Meeting”). The record date for shareholders entitled to receive notice of, and to vote at, the Meeting will be announced in due course.

Annual General Meeting

The Meeting is being called in response to a request from 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). The Meeting date allows sufficient time for the completion by the Company of its audited annual financial statements for the fiscal year ended December 31, 2024 (which are required to be tabled at the Meeting), the preparation of the management information circular and compliance with all applicable notice, record date and mailing requirements under the Company’s constating documents and applicable securities legislation.

Canex Hostile Bid

The Company, together with its legal advisors, has commenced a rigorous review of the common shares purportedly tendered to the Hostile Bid and has serious concerns regarding the validity of certain tenders, including whether applicable requirements under securities legislation were satisfied. The Company reserves all rights in respect of this matter and intends to provide further updates to shareholders as its review progresses.

Commitment to Shareholder Value

The Board remains committed to acting in the best interests of the Company and all of its shareholders. The Board continues to carefully evaluate all options available to the Company to maximize shareholder value and remains open to considering any bona fide proposals that, in the judgment of the Board after consultation with its financial and legal advisors, are in the best interests of the Company and its shareholders. The Board encourages any interested party to submit formal proposals for the Board’s consideration.

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

About Gold Basin Resources Corp.

Gold Basin Resources Corporation is advancing the 42 km2 Gold Basin Project, located in the tier one mining jurisdiction of Mohave County, Arizona. Gold Basin is accessible year-round via a 1.5-hourdrive on Highway I-93 southeast of Las Vegas, and high-power electrical lines from the Hoover Dam crosscut the southern Project area. The immediate focus of Gold Basin's highly experienced technical team is to expand and delineate multiple at-surface oxide gold 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, please contact:

Email: info@goldbasincorp.com

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

Cautionary Note Regarding Forward-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, statements regarding the anticipated date of the Meeting, the completion of the Company’s audited annual financial statements, the Company’s review of shares tendered to the Hostile Bid, and the Board’s evaluation of strategic alternatives. Forward-looking statements are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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