Gold X Mining Corp. announced that it has appointed Mr. Paul Matysek as the Company's Chief Executive Officer (“CEO”) and Chairman of the Board of Directors. Mr. Matysek will succeed Mr. Rich Munson who has been appointed President of the Company.

Since 2004 as either CEO or Executive Chairman, Mr. Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Most recently, he was Executive Chairman of Lithium X Energy Corp. The Company has reorganized its Board of Directors with the resignations of Mr. Munson, Mr. Greg Barnes, Mr. Gordon Keep and Mr. David Laing.

The Board of Directors recognize their respective contributions to the Company and wishes Mr. Keep and Mr. Laing much success in the future. Mr. Barnes remains an Executive Vice President at the Company. The Board of Directors has also appointed Mr. Brian O'Neill as a Director.

Mr. O'Neill spent nearly a decade in the practice of law with leading Canadian law firm, McCarthy Tétrault LLP, principally focused on corporate tax matters, with a particular emphasis on mergers and acquisitions. He is currently the Vice President, Merchant Banking at SAF Group.