The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.

This information was last updated on 24 July 2020.

Description of Business

AEX Gold Inc. (“AEX” or the “Company”) is an independent gold mining company engaged in the identification, acquisition, exploration and development of gold properties in Greenland. The Company’s strategy is to leverage its first mover advantage in Greenland, underpinned by the previously producing Nalunaq asset, to build a full-cycle gold mining company in Greenland, delivering shareholder value and providing significant upside potential through its land bank of high-impact exploration assets.

AEX is committed to operating to the highest international standards and to leading responsible mining in Greenland.

About AEX

AEX Projects

Country of Incorporation and Main Country of Operation

AEX is incorporated and registered in Canada under the Canadian Business Corporations Act, with company number 1011468-5

The Company’s gold assets are located in Southern Greenland.

Constitutional documents

Details of any other Exchanges or Trading Platforms

AEX is listed on the following stock exchanges:

Ticker/Symbol:

AIM: AEXG
TSX Venture Exchange (“TSX-V”): AEX

Significant Shareholders

Details of any Restriction of the Transfer of Securities

There are no restrictions on the AIM securities.

1,844,247 common shares issued to Canadian investors and to the officers and directors of the Company are subject to a 4 month and 1 day hold period which will expire on December 1, 2020.

10,200,450 shares issued to US investors are subject to restrictions on transfer which provide that such shares may not be offered, sold, pledged or otherwise transferred except pursuant to a registration statement or an exemption from registration under the U.S. Securities Act of 1933.

Financial Information

Company Announcements

Admission Documents and Circulars

Corporate governance

The Names of the Directors and Biographical Details

Board Committees and Responsibilities

Rights of Shareholders

As the Company is incorporated in Canada, shareholders’ rights may be different to rights of shareholders in a UK incorporated company.

UK City Code on Takeovers and Mergers

The Company is incorporated in Canada, and, accordingly, transactions in Common Shares in the Company will not be subject to the UK Takeover Code. As a result, Shareholders will not be afforded the protections of the UK Takeover Code. However, Canadian laws applicable to the Company provide for early warning disclosure requirements in relation to potential takeover bids, further details of which are set out in Section 18 of Part 1 of the Company’s AIM Admission Document dated 27 July 2020.

Advisers