GGX Gold Launches Phase Two Drilling Program The Gold Drop Property Greenwood BC ______________________________________________________________________________________

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GGX: TSX-V

GGXXF: OTC

GGX Gold Launches Phase Two Drilling Program

The Gold Drop Property

Greenwood BC

______________________________________________________________________________________

Vancouver, British Columbia – August 1, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”)

GGX Gold is pleased to announce the completion of the first phase of drilling and the beginning of phase

two drilling on the Gold Drop Property near Greenwood, BC. The drill program is targeting the C .O.D.

Vein, a Dentonia/Jewel style gold and silver bearing quartz vein in the Gold Drop Southwest zone.

The first phase of diamond drilling consisted of 15 drill holes totaling 2500 f eet (762 meters). The drilling

commenced south of the C.O.D. mine shaft and progressed systematically to the north. The first phase of

drilling was to confirm mineralization in the first section of the exposed vein under the series of channel

samples that were completed and announced on July 19, 2017. As well the company wanted to

determine depth and the dip of the vein exposed at surface. Drilling to date has confirmed the vein to a

vertical depth of 120 feet (36.6 meters), being open at depth. The first phase of drilling also intersected

additional unexpected veining of which additional drilling is required to delineate. Of note, drill hole

COD17-14 (which was drilled at 75° dip perpendicular to the surface vein) intersected a 55 foot (16.8

meters) core length interval of intensely mineralized quartz vein(s). Pyrite, chalcopyrite, possible telluride

and visible gold have been observed in the COD17-14 drill core.

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Drill c ore is being geologically logged and sampled at the Greenwood facility . Core samples are being

delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by screen metallic fire

assay and for 48 other elements by Four Acid and ICP -MS. Quality control (QC) samples are inserted at

regular intervals.

Upon a review of the first 15 drill holes which had encouraging visual results from down hole intercepts,

combined with the positive results received from the second batch of channel samples announced July

26, 2017, management has initiated a second phase drill program.

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The second phase of diamond drilling will consist of up to 30 drill holes continuing to test the northern

extension of the C.O.D. vein.

Earlier this year The Company exposed 160 meters of the C.O.D Vein by means of excavator trenching .

The vein is still open in both directions. The vein has been channel sampled at 1.5 meter intervals across

an average sample width of one meter. To date analytical results for 68 channel samples have been

received, with samples returning anomalous to high grade values for gold, up to 43.2 g/t Gold and 224

g/t Silver (News release of July 26, 2017).

The Company also announces it has granted 800,000 options at an exercise price of $0.20. The options

are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer,

employee or consultant of the Company.

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David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the technical

information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations:

Mr. Jack Singh: 604-720-6598 E-mail: [email protected]

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

The Crew

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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 assumptio ns 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 variati ons 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 ac hievements 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 estimat es 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 specul ative 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 availability of

capital and financing and general economic, market or busines s conditions, the loss of key directors,

employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service

providers and failure of counterparties 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 include d 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 result 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