MEXICAN GOLD INITIATES UPDATE to 43-101 RESOURCE and EXTENDS FINANCING

nr-2019-02-08

MEXICAN GOLD CORP. (TSX-V: MEX; OTCQB: MEXGF; FRA:4QW1) (“Mexican Gold”, “MEX” or “the Company”) is pleased to announce that it has engaged Mine Development Associates (“MDA”) of Reno, Nevada, USA to provide an updated 43-101 Resource on Mexican Gold’s Las Minas Project in the State of Veracruz, Mexico. Since the initial 43-101 Resource was completed in August 2017, MEX has drilled an additional 6,454 metres in 39 holes, increasing the amount of drilling in the Resource area by approximately 40%. Additionally, higher grade mineralization was encountered in the late 2017 and early 2018 drilling in the El Dorado Dike contact zone. For example, drill hole LM-17-ED-40 encountered 38 metres grading 5.39 g/t Au, 17.1 g/t Ag and 2.20% Cu, while drill hole LM-18-ED-49 intercepted 38 metres of 4.51 g/t Au, 16.2 g/t Ag and 3.33% Cu.

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