GGX Gold Announces Purchase of Proprietary Mobile Processing Plant For Gold Drop Property Historic Gold Mining Camp Greenwood BC _________________________________________________________________________

TSX-V: GGX June 29, 2017

GGX Gold Announces Purchase of Proprietary Mobile Processing Plant

For Gold Drop Property

Historic Gold Mining Camp Greenwood BC

_________________________________________________________________________

Vancouver, British Columbia – June 22, 2017 – GGX Gold Corp. (TSXV: GGX) (the

“Company” or “GGX”) is pleased to announce amended terms o f its asset purchase agreement

(the “Amended Agreement”) with Munroe Materials Inc. ( “Munroe”), a private Manitoba

corporation.

Pursuant to the Amended Agreement, Munroe and the Company agreed to reduce the purchase

price of the Assets (defined below) from $250,000 to $200,000 and for the remaining $1 50,000

due ($50,000 paid to date) under the Amended Agreement to be paid by the Company through

the issuance of 750,000 common shares at a deemed price of $0.20 per common share.

Assets to be Acquired

The assets to be acquired from Munroe include a processing plant, equipment and related assets

(the “Assets”). The equipment consists of a proprietary mobile ore sampler involving a unique

process for onsite collecting, reducing, and concentrating minerals from host rock. This mobile

platform enables the miner to perform bulk sample testing directly at the mine site, or on a

promising mineralized outcrop. The system can be modulated for speed and can process up to 5

tons of ore per hour. This process curtails the need for a tailings pond as all water is recycled.

GGX intends to use the A ssets for exploration on its Gold Drop Property to help in determining

the economic potential of multiple quartz veins throughout the property.

About Munroe Materials Inc.

Munroe is a private Manitoba company in the business of developing innovative mineral

processing plants. Munroe has certain intellectual property related to the processing of ore. GGX

and Munroe intend to explore the possibility of patenting this process.

GGX expects to complete the purchase of the Assets on or before the end of July 2017. Further

details of the Assets will be provided when GGX completes such purchase. There can be no

assurance that the acquisition of the Assets will be completed as proposed or at all. See the

Company’s news release on March 27, 2017 for further details.

On Behalf of the Board of Directors

Barry Brown, Director

604-488-3900

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information” within the meaning of

applicable securities law, including without limitation, the Company ’s information and statements regarding or

inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations,

estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed

transactions. Forward-looking statements address future events and conditions and are necessarily based upon a

number of estimates and assumptions. These statements relate to analyses and other information that are based on

forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any

statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,

objectives, assumptions or future events or performance (often, but not always, using words or phrases such as

“expects” or “does not expect ”, “is expected ”, “anticipates” or “does not anticipate ”, “plans”, “estimates” or

“intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken,

occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and

may be forward -looking statements. Forward -looking statement are necessarily based upon several factors that, if

untrue, could cause the actual results, performances or achievements of the Company to be materially different from

future results, performances or achievements express or implied by such statements. Such statements and

information are based on numerous assumptions regarding present and future business strategies and the

environment in which the Company will operate in the future, including the price of gold and other metals,

anticipated costs and the ability to achieve goals , and the Company will be able to obtain required licenses and

permits. While such estimates and assumptions are considered reasonable by the management of the Company, they

are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including

that resource exploration and development is a speculative business; that environmental laws and regulations may

become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating

prices of metals; the possibility that future exploration, development or mining results will not be consistent with the

Company’s expectations; operating hazards and risks; and competition . There can be no assurance that economic

resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ

materially from those currently anticipated in such statements. Factors that could cause actual results to differ

materially from those in forward looking statements include continued avail ability of capital and financing and

general economic, market or business conditions, the loss of key directors, employees, advisors or consultants ,

equipment failures, litigation, competition, fees charged by service providers and failure of counterpartie s to

perform their contractual obligations. Investors are cautioned that forward -looking statements are not guarantees of

future performance or events and, accordingly are cautioned not to put undue reliance on forward -looking

statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news

release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any

forward-looking statements, whether as a resu lt of new information, future events or otherwise, except as expressly

required by applicable securities legislation.

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.