MexicanGoldCorp_nr-2018-10-22-2

MEXICAN GOLD CORP. (“Mexican Gold” or the “Company”) (TSX-V: MEX/ OTCQB:
MEXGF / FRA: 4QW1) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to $3,000,000 at a price of $0.20 per unit (“Unit”) with a small group of investors. The Company may, in its sole discretion increase the size of the Private Placement by up to 25% for aggregate gross proceeds of up to $3,750,000 at the price of $0.20 per Unit at any time prior to the closing of the Private Placement. Each Unit will consist of one common share of the Company and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one transferable common share of the Company for a period of thirty-six months from the closing date of the Private Placement at a price of $0.30 per common share.