MX Gold Corp Due Diligence Studies Supports Previous Work. Planning 1,000 Tonne per Day Throughput on the Magistral Project

VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) — MX Gold Corp.(TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) announced on October 25, 2016 a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. (OTC:FRMA) to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico. The project in 2016 included a fully permitted, 500 tonne/day Dynamic Cyanide counter current system plant constructed in 2013, for approximately $4.5 million and is in excellent condition. Additionally, the Magistral project includes the exclusive rights to process the mineralized mill tailings.

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