April 20, 2018 – Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V: MEX/
OTCQB: MEXGF / FRA: 4QW1) announces that it has granted 174,000 incentive stock options to directors and officers of the Company pursuant to Mexican Gold’s Stock Option Plan. The options are exercisable at a price of $0.39 for a period of ten years. The options vest as to one-third after twelve, eighteen and twenty-four months respectively from the effective date of the grant. A total of 74,000 of the
incentive stock options granted will be subject to the approval of the disinterested shareholders at the next annual and special meeting of shareholders of the Company.

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