MEXICAN GOLD CORP ANNOUNCES EXERCISE OF WARRANTS BY LARGEST SHAREHOLDER, PALISADE GLOBAL INVESTMENTS LTD., RESULTING IN $833,250 OF PROCEEDS FOR DRILLING

http://www.mexicangold.ca/_resources/news/nr-2017-11-16.pdf

Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1) announces that Palisade Global Investments Ltd. has exercised 3,333,000 nontransferable common shares purchase warrants of Mexican Gold Corp. The common shares of Mexican Gold were issued pursuant to the terms of the warrant certificates issued by the Company in connection with a financing completed in February of 2017. The warrants were exercised at a price of $0.25 per share and resulted in the issuance of 3,333,000 common shares of Mexican Gold for total proceeds of $833,250. No commissions or placement fees are payable in respect of the exercise of the warrants. Proceeds from the exercise of the warrants will be used for diamond drilling at Mexican Gold’s Las Minas property and general corporate
purposes.

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