First Mexican Update on Guadalupe Property, Mexico

VANCOUVER, British Columbia , April 22, 2016 (GLOBE NEWSWIRE) — First Mexican Gold Corp. (the `Company` or `FMG`) (TSX-V:FMG) (Frankfurt:21M) wishes to advise that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.  First Mexican Gold wishes to advise the public that its October 28, 2014 technical report, as currently filed, does not comply with the requirements of NI 43-101. As such, the resource estimates on its Guadalupe project are not supported by the compliant NI 43-101 technical report, contrary to NI 43-101, and that the resource estimates should not be relied on until they have been verified and supported by a revised technical report. The Company is working with its consultants and Qualified Persons (as that term is defined under NI 43-101) to file a revised technical report as soon as possible and will keep the shareholders apprised of its progress.

Leave a Reply