Leagold Receives Second Mexican Anti-Trust Approval To Finalize Los Filos Acquisition Financing

http://www.leagold.com/assets/docs/nr/2017-07-12-nr-lmc.pdf

Vancouver, July 12, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the
“Company”) is pleased to announce it has received Mexican anti-trust commission (“COFECE”) approval with respect to the previously announced US$29 million subscription receipt financing provided by a fund managed by Orion Resource Partners (“Orion”) in connection with the Company’s acquisition of the Los Filos Mine from Goldcorp Inc. on April 7, 2017. To accommodate COFECE requirements, when acquiring the Los Filos Mine, Orion’s US$50 million equity investment in Leagold on April 7, 2017 was split into US$21 million in common shares of Leagold and US$29 million in subscription receipts, with each subscription receipt automatically converting into one common share on receipt of the COFECE approval, without
payment of additional consideration. In connection with the acquisition of the Los Filos Mine, Goldcorp Inc. agreed to defer US$29 million of the US$279 million cash portion of the purchase price by accepting a short-term promissory note from Leagold.

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