Announce Arrangement Agreement to Create a Diversified Precious Metals Exploration Company
MEXICAN GOLD MINING CORP. AND ALCON SILVER CORP.
ANNOUNCE ARRANGEMENT AGREEMENT TO CREATE A DIVERSIFIED
PRECIOUS METALS EXPLORATION COMPANY
Vancouver, British Columbia – April 8, 2026 – Mexican Gold Mining Corp. (TSXV: MEX) (“Mexican Gold”
or the “Purchaser”) and Alcon Silver Corp. (“Alcon” or the “Company”) are pleased to announce that they
have entered into an arrangement agreement (the “Arrangement Agreement ”) dated April 8, 2026,
pursuant to which Mexican Gold will acquire all of the issued and outstanding common shares of Alcon (the
“Company Shares”) in exchange for newly issued common shares in the capital of Mexican Gold (the
“Consideration Shar es”) by way of a court -approved plan o f arrangement under the Business
Corporations Act (British Columbia) (the “Arrangement”).
Under the terms of the Arrangement Agreement, Alcon shareholders will receive one post-consolidated
share of Mexican Gold (see below for details regarding the proposed consolidation) for each Company
Share held such that, following the effective time of the Arrangement (the “Effective Time”), the former
Alcon shareholders will hold approximately 61% of the issued and outstanding common shares of Mexican
Gold (the “Purchaser Shares”) on a non-diluted basis. As at the date of the Arrangement Agreement, there
are approximately 37,899,939 C ompany Shares and 41,216,639 Purchaser Shares is sued and
outstanding.
Completion of the Arrangement is subject to a number of conditions, including, among other items, receipt
of all required shareholder, regulatory and third -party consents, including approval of the Arrangement by
the TSX Venture Exchange (the “TSXV”).
Transaction Highlights
• Foundational Silver Deposit with Significant Growth Potential: The Princesa project
(“Princesa”) hosts a significant historical resource (A. Vachon, 2011) of 4.6 million tonnes, grading
90.88 g/t silver, 1.66% lead, and 1.69% zinc, with substantial expansion potential, as only 64 of 82
historical drill holes were included and just 1.5 km of the 2.2 km diatreme breccia vein has been
drilled.i
• Robust District-Scale Gold Asset: The Las Minas project hosts a National Instrument 43 -101-
Standard of Disclosure for Mineral Project s (“NI 43-101”) resource ii of 443,000 gold equivalent
ounces of Indicated Resource at 3.34 AuEQ g/t and 361,000 gold equivalent ounces of Inferred
Resource at 2.16 AuEQ g/t, supported by a preliminary economic assessment (“PEA”)iii
demonstrating a 35% after -tax IRR at US$2,000 gold , with significant upside for further growth .
Further detail of the mineral resource estimate within the PEA shows that the Indicated Resource
consists of 4.13 million tonnes at grades of 1.96 g/t gold, 4.64 g/t silver, 1.08% copper, 14.77%
magnetite while the Inferred Resource consists of 5.20 mill ion tonnes at grades of 1.44 g/t gold,
5.97 g/t silver, 0.95% copper, 17.54% magnetite, all reported at a US$80 per tonne net smelter
return cut-off.
• Proven Leadership with a Track Record of Value Creation: The combined management, board,
and advisory team has successfully financed, built, and sold multiple exploration companies, with
direct involvement in the discovery and development of major mines across Latin America.
• Strong and Supportive Shareholder base including Pan American Silver and Chesapeake
Gold Corp: Backed by leading industry investors alongside significant insider and institutional
ownership, providing a solid foundation for growth and financing
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• Multiple Catalysts and District -Scale Upside: Extensive untested targets at both core projects,
combined with a first -mover advantage in a historic CRD camp in Utah, position the company for
meaningful discovery potential.
Jack Campbell , CEO of Mexican Gold, states: “This merger brings together two highly complementary
assets to create a compelling growth platform with both near -term value and long -term discovery upside.
With the robust economics and expansion potential at Las Minas, alongside the strong silver founda tion at
Princesa, we are establishing a diversified portfolio anchored by quality resources. Just as importantly, we
have assembled a proven team with a track record of building and monetizing successful explorat ion
companies, supported by a strong and aligned shareholder base. Combined with multiple untested targets
across our projects and a first-mover advantage in emerging districts, we believe this transaction positions
us to deliver significant value for our shareholders.”
Share Consolidation and Name Change
In connection with the Arrangement, Mexican Gold will complete a consolidation of the outstanding
Purchaser Shares on a 1.6667-for-one basis (the “Consolidation”). Mexican Gold will also change its name
to Platauro Metals Corp. as mutually agreed upon by the parties (the “Name Change”). Completion of the
Consolidation and the Name Change are conditions to closing of the Arrangement.
Concurrent Financing
In connection with the Arrangement, Mexican Gold intends to complete a non-brokered private placement
of subscription receipts convertible into units of Mexican Gold for gross proceeds of up to $2,000,000, or
such other amount as may be mutually agreed by the parties, to be completed prior to the Effective Date
(the “Concurrent Financing”).
Alcon Convertible Debentures
Prior to or concurrently with the Effective Time, all outstanding unsecured convertible debentures of Alcon,
issued pursuant to a non -brokered private placement of such debentures for gross proceeds of up to
$242,650 and bearing interest at 12% per annum, will be automatically converted into Company Shares at
a price of CAD$0.25 per share. No Alcon convertible debentures will remain outstanding following the
Effective Time.
Transaction Conditions and Timing
The Arrangement will be effected by way of a court -approved plan of arrangement under the Business
Corporations Act (British Columbia). The Arrangement will require the approval of not less than 66⅔% of
the votes cast by the holders of Company Shares at a special meeting of Alcon shareholders (the
“Company Meeting”). The Company Meeting is expected to be held on or before June 15, 2026. Mexican
Gold and Alcon are arm’s length parties and, accordingly, the Arrangement is not expected to be a “related
party transaction” as defined in Multilateral Instrument 61 -101 – Protection of Minority Securityholders in
Special Transactions.
In addition to shareholder and court approvals, the Arrangement is subject to applicable regulatory
approvals, including the conditional approval of the TSXV for the listing and posting for trading of the
Consideration Shares, and the satisfaction of certain other customary closing conditions. The Arrangement
is not expected to constitute a reverse takeover or change of business under TSXV Policy 5.2, and is
instead expected to be treated as a fundamental acquisition in accordance with TSXV Policy 5.3. The
Arrangement Agreement includes an outside date of August 31, 2026, which may be extended by
agreement between the parties for up to an additional 60 Business Days if the Effective Date has not
occurred by that date as a result of the failure to obtain all Regulatory Approvals.
The Consideration Shares to be issued pursuant to the Arrangement are anticipated to be issued in reliance
upon the exemption from the registration requirements of the United States Securities Act of 1933, as
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amended (the “U.S. Securities Act ”), provided by Section 3(a)(10) thereof, and applicable exemptions
under state securities laws. Following completion of the Arrangement, the Consideration Shares are not
expected to be subject to resale restrictions under applicable Canadian securities law s, other than as
applicable to control persons or pursuant to Section 2.6 of National Instrument 45 -102 – Resale of
Securities.
The Arrangement Agreement includes customary representations, warranties and covenants for a
transaction of this nature. The Arrangement Agreement also includes customary deal protection provisions,
including reciprocal non -solicitation covenants, fiduciar y-out provisions and matching rights in favour of
each of Mexican Gold and Alcon.
Boards of Directors' Recommendations
The board of directors of Alcon (the “Alcon Board”), after consultation with its financial and legal advisors
and upon receipt of a fairness opinion from the Company's independent financial advisor, has unanimously
determined that the Arrangement is fair to the holders of Company Shares and that the Arran gement is in
the best interests of Alcon. The Alcon Board has unanimously resolved to recommend that Alcon
shareholders vote in favour of the Arrangement Resolution.
Voting Support Agreements
Directors, officers and shareholders of Alcon who will be party to voting support agreements (the “Company
Support Agreements ”) will agree, among other things, to vote their Company Shares in favour of the
Arrangement Resolution.
Board and Management of the Combined Company
Upon completion of the Arrangement, it is anticipated that management of the combined company will
remain unchanged and the board of directors of the combined company shall consist of the following
individuals:
Jack Campbell, Director
Mr. Campbell brings more than 15 years of experience in the administration and strategic analysis of public
companies within the mineral resource sector. He is currently the CEO of Mexican Gold Mining Corp. and
previously held roles as Independent Chairman of Radio Fuels Energy Corp ., which was acquired by
Palisades Goldcorp Ltd., and as Head of Corporate Communications for Concentric Energy Corp., which
was acquired by Uranium Energy Corp. Mr. Campbell is a Professional Engineer and holds a B.Sc. from
the University of Maryland, as well as a certificate from the Robert H. Smith School of Business mini -MBA
program.
Dr. John Larson, Director
Dr. Larson holds an Artium Baccalaurei (Honours) in Geology from Dartmouth College, an MSc in Geology
from Western University, and a PhD in Geology and Geochemistry from the Colorado School of Mines.
Over a 48 -year career, he has held senior leadership pos itions with several mining and exploration
companies, including serving as President and CEO. His experience includes roles as Global Porphyry
Copper Exploration Leader at BHP, Exploration Manager with BHP, General Manager, Global Exploration
at Zinifex an d OZ Minerals, and Corporate Manager of Exploration at Hochschild Mining Plc. In these
positions, Dr. Larson has overseen operations and corporate functions across multiple countries, including
the management of accounting and auditing teams.
Bruce Winfield, Director
Mr. Winfield brings more than 40 years of experience in the minerals industry as a geologist, senior
executive, and consultant. He began his career with major mining companies Texasgulf Inc. and Boliden
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Inc. and later served as Vice President of Exploration for Greenstone Resources and Eldorado Gold
Corporation, where he played a key role in the discovery and development of five gold deposits. Over the
past two decades, Mr. Winfield has held President an d CEO roles, leading publicly listed companies ,
including Defiance Silver Corp. with a primary focus on exploration across Latin America. Mr. Winfield is a
Professional Geologist and holds a M.Sc.
Nathan Lavertu, Director
Mr. Lavertu brings a diverse background in the resource sector, combining high -level finance and
investment strategy with hands -on operational experience. He has served as Operations Manager for
Palisades Goldcorp Ltd. and Nevada King Gold Corp., where he was directly involved in advancing
exploration activities. In addition, Mr. Lavertu has led a top -performing commercial real estate team for
more than seven years, underwriting over $3.5 billion in approved multifamily loans. He graduated summa
cum laude f rom The Citadel with a Bachelor of Science in Business Administration, concentrating in
accounting, and is also a decorated United States Marine Corps veteran.
Advisory Board
Collin Kettell, Advisor
Mr. Kettell is the founder of New Found Gold Corp. (NYSE: NFGC), Palisades Goldcorp Ltd. (TSXV: PALI),
and Nevada King Gold Corp. (TSXV: NKG). As an active participant in the resource sector and a company
builder, he has raised over $500 million for mineral exploration and project development . Mr. Kettell’s
approach combines hands -on leadership with long -term focus on discovering mineral deposits. He has
been recognized for his ability to navigate capital markets, secure financing and assemble skilled teams.
Robert S. Tyson, Advisor
Mr. Tyson is the President, CEO and a Director of Alcon Silver Corp. He has over 35 years of experience
as a senior executive with numerous publicly traded technology and exploration companies based in
Canada, the United States and Latin America. Previously, Mr. Tyson served as President and CEO of Cue
Resources, which was purchased by Uranium Energy Corp. He has held the position of Vice President,
Corporate Development of Minco Silver Corporation and Solex Resources Corp. (the former registered
owner of the La Princesa Project).
Darrell Rader, Advisor
Mr. Rader is the President and CEO of Minaurum Silver Inc (TSXV:MGG) and founder of Defiance Silver
Corp. (TSXV:DEF). As an experienced operator, Mr. Rader has directly raised over $175–million for mineral
exploration and development primarily through institutional investors and bankers. He previously served as
Manager of Corporate Development for an international drilli ng company overseeing its growth from three
drill rigs to over eighty in its fleet, and IMPACT Silver Corp that was transformed from a grass roots silver
explorer into a profitable silver miner. Mr. Rader holds a Bachelor of Business Administration (Finan ce)
from Simon Fraser University and a Diploma in Prospecting from BCIT.
Additional Information
A copy of the Arrangement Agreement will be filed on SEDAR+ and will be available for viewing under the
profiles of Mexican Gold and Alcon at www.sedarplus.ca. Further details regarding the Arrangement will be
provided in subsequent News Releases as well as in the management information circular to be prepared
by Alcon and filed on SEDAR+ in advance of the Company Meeting.
All information contained in this news release with respect to Mexican Gold and Alcon was supplied by the
respective party for inclusion herein, and each party and its directors and officers have relied on the other
party for any information concerning the other party.
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About Mexican Gold Mining Corp.
Mexican Gold is a Canadian -based mineral exploration and development company committed to building
long term value through ongoing discoveries and strategic acquisitions of prospective precious metals and
copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is
located in the core of the Las Minas mining district in Veracruz State, Mexico, and host to one of the newest,
under-explored skarn systems known in Mexico. Mexican Gold recently expanded its land packa ge by
acquiring the adjacent Tatatila claims from Chesapeake Gold.
About Alcon Silver Corp.
Alcon Silver Corp is a private silver explorer focused on advancing its 100% owned Princesa Silver -
Polymetallic Project in the Puno-Cusco Mining District, Peru, and its Star Silver -Polymetallic Project in the
historic Beaver Mining District south of Milford, Utah.
Qualified Person
Bruce Winfield, M.Sc., P.Geo., a qualified person under NI 43-101 and Director of Alcon, has reviewed and
approved the technical disclosure for Alcon contained in this news release. To verify the validity and
repeatability of the data used to calculate the Princesa historical estimate, the qualified person for Alcon
took 8 duplicate samples from previously sampled locations used in the calculation of the Princesa historical
estimate. When analyzed by a different independent qualified laboratory using the sa me methods, these
eight samples showed a good repeatability of results, such that the qualified person concluded that the
Princesa assay database could be considered reliable.
Sonny Bernales, P.Geo., a qualified person under NI 43 -101 and Senior Geologist and Project Manager
for Mexican Gold, has reviewed and approved the technical disclosure for Mexican Gold contained in this
news release.
For Further Information
Mexican Gold Mining Corp.
Jack Campbell – CEO and Chairman
E-mail: [email protected]
Website: www.mexicangold.ca
Alcon Silver Corp.
Robert Tyson, Chief Executive Officer and President
Email: [email protected]
Website: www.alconsilver.com
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information ” within the meaning of applicable Canadian
securities legislation. Forward -looking information in this news release includes, but is not limited to,
statements regarding: the proposed acquisition by Mexican Gold of all of the Company Shares pursuant to
the Arrangement and the terms thereof; the anticipated benefits of the Arrangement; the receipt of
necessary shareholder, court, regulatory and stock exchange approvals; the anticipated timeline for
completing the Arrangement; the Consolidation and the Name Change; the Concurrent Financing; the
conversion of Company Convertible Debentures; the anticipated ownership percentages of the combined
company; and the anticipated filing of materials on SEDAR+.
Forward-looking information is based on certain assumptions that Mexican Gold and Alcon believe are
reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner
and on satisfactory terms, the necessary regu latory, court, shareholder, stock exchange and other third -
party approvals and the ability of the parties to satisfy, in a timely manner, the other conditions to the
completion of the Arrangement.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that
may cause actual results to be materially different from those expressed or implied by such forward-looking
information. Such risks and uncertainties include, but are not limited to: the risk that the Arrangement may
not be completed on a timely basis or at all; the conditions to the consummation of the Arrangement may
not be satisfied; the risk that the Arrangement may involve unexpected costs, liabiliti es or delays; the
possible occurrence of an event, change or other circumstance that could result in termination of the
Arrangement; risks relating to the failure to obtain necessary shareholder, court, regulatory and stock
exchange approvals; the failure to realise anticipated benefits of the Arrangement; general economic,
market and business conditions; fluctuations in securities markets and the market price of each of Mexican
Gold's and Alcon's shares; and other risks inherent in the mining industry.
Readers are cautioned not to place undue reliance on forward -looking information. The forward -looking
information contained in this news release is made as of the date hereof and, except as required by
applicable securities laws, neither Mexican Gold nor A lcon undertakes any obligation to update publicly or
to revise any of the included forward -looking information, whether as a result of new information, future
events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the
United States or in any other jurisdiction, nor shall there be any sale of any securities in any jurisdiction in
which such offer, solicitatio n or sale would be unlawful. The securities have not been and will not be
registered under the U.S. Securities Act or any state securities laws and may not be offered or sold in the
United States except in compliance with the registration requirements of t he U.S. Securities Act and
applicable state securities requirements or pursuant to exemptions therefrom.
i The exploration results and interpretations presented, including an historical mineral resource in the
Princesa Project, were generated by prior explorers including Caracara Silver (NI 43 -101 technical report
on La Princesa Project, prepared by A. Vachon, 2011) and Solex Resources. T he historical mineral
resource estimate is not reliable in that a qualified person has not done sufficient work to qualify this
historical resource estimate as a current mineral resource. Key assumptions, parameters and methods
used in preparation of the historical mineral resource are listed in a NI 43-101 compliant technical report on
La Princesa Project (Chance, June 24, 2024) available and filed on SEDAR+ on October 24, 2024 or on
Alcon Silver’s website. Alcon is not treating this historical resource estimate as a current mineral estimate.
The historical mineral resource estimate requires new assay data provided by a program of replicate drill
holes in La Princesa mineralization completed under supervision by a qualified person in order to upgrade
to a current mineral resource.
ii Includes Indicated and Inferred mineral resources. Mineral resources reported demonstrate reasonable
prospect of eventual economic extraction, as required under NI 43 -101. Mineral resources are not Mineral
Reserves and do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level
of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to
Indicated Mineral Resources with continued exploration. For more information, please refer to Mexican
Gold’s MD&A for the six months ended December 31, 2025 and 2024 and the NI 43-101 compliant technical
report on Las Minas Project (JDS Energy & Mining, Inc., September 18, 2021) available on SEDAR+.
iii The Las Minas project PEA dated September 18, 2021, is preliminary in nature and is based on inferred
mineral resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categ orized as mineral reserves, and there is no certainty
that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves
do not have demonstrated economic viability.