Forward-Looking Statement

This post contains forward-looking statements with respect to Greenridge Exploration Inc. (the “Company”) and ALX Resources Corp. (“ALX”).
By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the Company’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. Forward-looking statements contained in this post and other forward-looking statements are based on management of the Company’s opinions, estimates and assumptions in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking statements, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking statements contained in this post may include, but are not limited to statements with respect to:

• the completion of the acquisition of ALX by the Company pursuant to the Arrangement Agreement dated October 11, 2024, among the Company and ALX (the “Transaction”);
• the timing and closing of the Transaction;
• the satisfaction of the conditions to closing of the Transaction, including the receipt, in a timely manner, of regulatory and other required approvals;
• the terms of the Transaction;
• the intentions, plans and future actions of the Company upon completion of the Transaction (such entity will be referred to as the “Resulting Issuer”);
• the business and future activities of the Resulting Issuer and anticipated developments in the operations of the Resulting Issuer;
• the business objectives for the next 12 months of the Resulting Issuer;
• the anticipated cash and additional financing needs of the Resulting Issuer;
• the performance of the Resulting Issuer’s business and operations;
• the length of time required to obtain permits, certifications and approvals;
• the Resulting Issuer’s expected reliance on key management personnel, advisors and consultants;
• expectations regarding trends in the mining industry;
• statements with respect to the Company’s and ALX’s projects (the “Projects”) and their mineralization potential;
• the Resulting Issuer’s objectives, goals, or future plans with respect to the Projects;
• further exploration work by the Resulting Issuer on the Projects in the future and the results of any programs;
• results and expectation concerning various partnerships, strategic alliances, projects and marketing strategies of the Resulting Issuer; and the economy generally.
  
  

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Readers are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements based on certain risk factors, which include, but not limited to:

• the ability to complete the Transaction;
• the ability to achieve the desired synergies and benefits of the Transaction;
• the completion of the Transaction is subject to conditions;
• the market price for the Resulting Issuer’s common shares may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond the Resulting Issuer’s control;
• the Resulting Issuer’s financial position and results of operations may differ materially from expectations;
• the Resulting Issuer expects to incur future losses and may never generate revenues;
• the Resulting issuer expects to require additional capital to support its business;
• the Resulting Issuer may never achieve profitability;
• the Resulting Issuer’s dependent on senior management team and key personnel;
• the Resulting Issuer’s market opportunity and cost saving estimates are subject to significant uncertainty which may prove to be inaccurate;
• the Resulting Issuer may face growth-related risks;
• the risks associated with operating in a complex mining regulatory and legal environment subject to a wide variety of laws and regulations;
• the Resulting Issuer may face competition in its industry;
• the Resulting Issuer’s reliance on obtaining and maintain regulatory approval in jurisdictions where its Projects are located;
• unfavorable global economic and political conditions could adversely affect the Resulting Issuer’s business, financial condition or results of operations; and
• an investment in the Resulting Issuer’s securities may have income tax consequences.
  
  

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements contained in this media or in certain of the other documents on file with Canadian securities regulatory authorities, which are available on the Company’s SEDAR+ profile at www.sedarplus.ca. The Company and its directors, officers and employees each disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.