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MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX-V: MEX) is pleased to announce that its wholly-owned subsidiary, Roca Verde Exploracion de Mexico, S.A. de C.V. (“Roca Verde”), has entered into a definitive purchase and sale agreement (the “Purchase Agreement”) to acquire a 100% interest in the Pepe, Pepe Tres and San Jose concessions (the “Concessions”) at its Las Minas property from the current owners (the “Owners”). The Concessions form the core of the Las Minas property and encompass six highly mineralized zones, including the El Dorado/Juan Bran and Santa Cruz zones. An initial mineral resource estimate is currently underway for these two zones and is scheduled for completion in July, 2017.