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Canamex announces change of auditor

Corporate Updates

CANAMEX GOLD CORP

Suite 970-777, Hornby St

Vancouver, BC V6Z 1S4

Canada

+1 604 833 4278

[email protected]

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Canamex Gold Announces Change of Auditor

Vancouver, British Columbia / August 24, 2023 - Canamex Gold Corp. (the “ Company” or

“Canamex”) (CSE: CSQ) is announcing that, at the request of the Company, Smythe LLP,

Chartered Professional Accountants (the “ Former Auditor”) has resigned as auditors of the

Company effective August 8, 2023. The Company has appointed and engaged A. Chan and

Company LLP, Chartered Professional Accountant (the “ Successor Auditor”) of Vancouver,

British Columbia, as auditors for the Company effective August 8, 2023.

There were no reservations in the Former Auditor’s reports for the two most recently-completed

fiscal years or for any period after the most recently-completed period for which an audit report

was issued and preceding the date of the Former Auditor’s resignation. There are no reportable

events including disagreements, consultations, or unresolved issues as defined in National

Instrument 51-102 Continuous Disclosure Obligations (Part 4.11) between the Company and

the Former Auditor.

The Company requested the resignation of the Former Auditor as auditor of the Company, and

the change has been approved by the Company’s audit committee and the Board of Directors.

The notice of change of auditor, together with the letter from the Former Auditor and the letter

from the Successor Auditor, have been reviewed by the Company’s audit committee and its

Board of Directors and are posted at www.sedar.com

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the

Canadian Securities Exchange (CSE: CSQ). Further information is available at

https://www.canamexgold.com/

ON BEHALF OF THE BOARD

David Vincent

CEO and Director

[email protected]

Mike Stark

Chairman of the Board

604.833.4278

[email protected]

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward -looking information” within the meaning of applicable

Canadian securities legislation. Such forward -looking statements concern the Company’s

strategic plans, and completion of the proposed transaction described herein. Such forwar d-

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looking statements or information are based on a number of assumptions, which may prove to

be incorrect. The actual results could differ materially from those anticipated in this forward -

looking information as a result of certain risk factors.

Forward-looking statements are based on the expectations and opinions of the Company’s

management on the date the statements are made. The assumptions used in the preparation of

such statements, although considered reasonable at the time of preparation, may prove to be

imprecise and, as such, readers are cautioned not to place undue reliance on these forward -

looking statements, which speak only as of the date the statements were made. The Company

undertakes no obligation to update or revise any forward -looking statements included in this

news release if these beliefs, estimates and opinions or other circumstances should change,

except as otherwise required by applicable law.

Neither the CSE nor its Regulation Services Providers (as that term is defined in the policies

of the CSE) accepts responsibility for the adequacy or accuracy of this release.