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MT.V ·

ML Gold Begins Resource Calculation on Palmetto Gold Project

Corporate Updates

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

June 29, 2017

ML Gold Begins Resource Calculation

on Palmetto Gold Project

ML Gold Corp. (TSX-V: MLG; FSE: X0VN.F) (“ML Gold” or the “Company”) is pleased to

announce that it has initiated the maiden re source estimation on the Company’s Palmetto

Gold Project in Nevada. The Company engage d the engineering firm WSP Canada Inc.

(WSP) to complete the resource estimation and a NI 43-101 Technical Report.

WSP has a comprehensive and skilled team that can determine the sustainability of

investment opportunities and related assets for the Mining and Resource Industry. The firm

employs a well-rounded and expe rienced multidisciplinary team of professionals who can

determine the engineering, geol ogy, mining, infrastructure, transportation, financial, and

operational sustainability of the targeted asset.

WSP has been providing engineer ing services to the mining in dustry for over 20 years, in

challenging environmental, temporal, and political conditions. Globally, the firm brings

together 35,500 staff, based in more than 500 offices, across 40 countries. They provide

engineering and multidisciplinary services in a vast array of industry sectors, including 700

employees in the Mining sector.

ML Gold Corp. has an option to acquire a 100% right, title and interest to the Palmetto Gold

Project (see news release dated October 18, 2016). The Palmetto Project is located in

Esmeralda County, Nevada, within the southern portion of the Walker Lane Gold Trend.

ML Gold also reports commencement of the 2017 exploration program at its Pinnacle Reef

copper and gold property in central British Columbia. The program will consist of up to

2,500 metres of drilling, targeting the core of a 6 by 7 kilome tre highly anomalous

chargeability area recently identified on the property.

Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in the

National Instrument 43-101, and has supervised the technical information presented within

this news release.

ABOUT ML GOLD CORP.

ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through

discoveries and strategic deve lopment of mineral properties in Canada and the United

States.

For additional information please visit the Company’s website at www.mlgoldcorp.com. You

may also email [email protected] or call investor relations at (604) 669-2279.

ML GOLD CORP.

“Andrew Bowering”

Suite 2000 – 1177 West Hastings St

Vancouver, BC Canada V6E 2K3

T: 604-669-2279 / F: 604-602-1606

[email protected]

Andrew Bowering

Chairman

NEITHER  THE  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. 

This  news  release  may  contain  certain  “Forward‐Looking  Statements”  within  the  meaning  of  the  United  States  Private  Securities  Litigation 

Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words “anticipate”, “believe”, “estimate”, 

“expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward‐looking statements or information.  

These  forward‐looking  statements  or  information  may  relate  to  future  prices  of  commodities,  accuracy  of  mineral  or  resource  exploration 

activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access 

to  mineral  properties  or  infrastructure,  currency  risks  including  the  exchange  rate  of  US$  for  CDN$,   changes  in  exploration  costs  and 

government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent 

the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while 

considered  reasonable  by  the  Company,  are  inherently  subject  to  significant  business,  economic,  competitive,  political  and  social  risks, 

contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially 

different  from  the  results,  performance  or  achievements  that  are  or  may  be  expressed  or  implied  by  such  forward‐looking  statements.  The 

Company does not intend, and does not assume any obligation, to update these forward‐looking statements or information to reflect changes in 

assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable 

laws, rules and regulations.