http://www.canadianminingjournal.com/press-releases/story/?id=1003733166

CARSON CITY, Nev., Dec. 04, 2015 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced today that Argonaut Gold notified the company  that it will not exercise their option at the Julio/Santa Elena property.  Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets.   This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision .    To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs.  They also added that in better economic times the company would have exercised the JV option.