CANEX Announces The Purported Joint Venture Agreement Between Gold Basin And Helix Resources On The Gold Basin Property Is Not Valid

CALGARY, AB / ACCESS Newswire / May 5, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to report that Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) has today announced that the purported joint venture between Gold Basin and Helix Resources Limited ("Helix") (ASX:HLX) (the "Invalid Helix Joint Venture") announced by Helix in its ASX Announcement on April 29, 2026 (the "Helix Announcement") is not valid and has no standing. Accordingly, Gold Basin has the stated opinion that Helix has no interest or rights in the Gold Basin Property.