Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company“) is pleased to announce the appointment of Michael P. Martinez as CFO and Secretary of the Company, effective immediately. To facilitate this change, John C. Power recently stepped down as CFO and Secretary. The Company wishes to thank Mr. Power for his service as an officer since Magellan’s inception. Mr. Power will continue in his role as a director of the Company.

John Power stated, “We are delighted to welcome Michael to the Company. A CFO of his high caliber will be needed to meet the growing demands of our business strategy.”

Michael P. Martinez brings twenty-five years of proven financial management and accounting experience, including twenty years in executive management positions with high-growth companies. He has held roles in both public and private sectors in directing financial reporting, accounting, human resources, treasury functions and capital formation.

Mr. Martinez’s expertise includes strategic planning, mergers and acquisitions, and contract negotiation. He has an excellent understanding of SEC compliance reporting for publicly traded companies. Early in his career Mr. Martinez worked as a senior accountant for a top-four international public accounting firm.