MEXICAN GOLD ANNOUNCES INITIAL MINERAL RESOURCE ESTIMATE AT LAS MINAS, VERACRUZ STATE, MEXICO

http://www.mexicangold.ca/_resources/news/nr-2017-08-01.pdf

Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1) is pleased to announce an initial Mineral Resource Estimate for the El Dorado/Juan Bran and Santa Cruz zones at its Las Minas project. The initial Mineral Resource Estimate is for two of the eight known zones of mineralization at Las Minas and data generated from 19,636 metres of drilling and 4,247 assays. The two zones remain open for expansion on strike and down dip.

Mineral Resource Estimate Highlights (see TABLE 1 below):
• Total Inferred Resource of 719,000 Au Eq ozs contained within 10,304,000 tonnes grading 2.17 g/t Au Eq.
• Total Measured and Indicated (“M&I”) Resource of 304,000 Au Eq ozs contained within 4,970,000 tonnes grading 1.90 g/t Au Eq.
• The El Dorado/Juan Bran zone outcrops on surface and occurs as a flat lying to sub-horizontal body zone measuring approximately 650 metres N-S by 250 metres E-W. The zone varies in thickness from 6.0 to 28.0 metres.
• The Santa Cruz zone is comprised of a series of high-grade stacked lenses of skarn
mineralization that strike NW and dip approximately 50 degrees to the west. Overall dimensions of Santa Cruz mineralization are approximately 220m x 100m.

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