GGX Gold Announces Private Placement

TSX.V : GGX

FRA : 3SR2

OTCQB : GGXXF

May 17, 2018

GGX Gold Announces

Private Placement

Vancouver, British Columbia – May 17, 2018 – GGX Gold Corp. (TSX.V: GGX)

(OTCQB: GGXXF), (FRA; 3SR2) (the “ Company” or “ GGX”) is pleased to

announce that is has arranged a non -brokered private placement of 4 million units at a

price of $0.12 per unit for gross proceeds of $480,000. The units of the financing will

comprise of one common share and a full share purchase warrant, wh ich may be

exercised for a period of three years at a price of $0.15 per share. Directors, officers or

other insiders of the Company may participate in the foregoing offerings, and such parties

may sell securities of the Company owned or controlled by them personally through the

facilities of the TSX Venture Exchange to finance participation in such offerings.

A finder's fee may be paid to eligible finders in accordance to the TSX -V policies. All

securities issued pursuant to the offering will be subject t o a hold period of four months

and one day from the date of closing. The offerings and payment of finders' fees are both

subject to approval by the TSX-V.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations:

Mr. Jack Singh: 604-488-3900 E-mail: [email protected]

“ We don’t have to do this, we get to do this ”

The Crew

Forward Looking Information

This News Release may contain forward -looking statements including but not limited to

comments regarding the acquisition of certain mineral claims. Forward -looking statements

GGX Gold News Release

address future events and conditions and therefore involve inherent risks and unc ertainties.

Actual results may differ materially from those currently anticipated in such statements and

Revolver undertakes no obligation to update such statements, except as required by law.

Forward-looking statements are based on the then -current expe ctations, beliefs,

assumptions, estimates and forecasts about the business and the industry and markets in

which the Company operates, including that: the current price of and demand for minerals

being targeted by the Company will be sustained or will impr ove; the Company will be able to

obtain required exploration licences and other permits; general business and economic

conditions will not change in a material adverse manner; financing will be available if and

when needed on reasonable terms; the Company will not experience any material accident;

and the Company will be able to identify and acquire additional mineral interests on

reasonable terms or at all. Forward -looking statements are not guarantees of future

performance and involve risks, uncertainties and assumptions which are difficult to predict.

Investors are cautioned that all forward -looking statements involve risks and uncertainties,

including: that resource exploration and development is a speculative business; that

environmental laws and regula tions may become more onerous; that the Company may not

be able to raise additional funds when necessary; fluctuations in currency exchange rates;

fluctuating prices of commodities; operating hazards and risks; competition; potential inability

to find suit able acquisition opportunities and/or complete the same; and other risks and

uncertainties listed in the Company’s public filings. These risks, as well as others, could cause

actual results and events to vary significantly. Accordingly, readers should not place undue

reliance on forward -looking statements and information, which are qualified in their entirety

by this cautionary statement. There can be no assurance that forward -looking information, or

the material factors or assumptions used to develop such forward looking information, will

prove to be accurate. The Company does not undertake any obligations to release publicly any

revisions for updating any voluntary forward -looking statements, except as required by

applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release