Mexican GOLD Corp. Announces Appointment of New Chief Executive Officer
Thunder Bay, Ontario TSX-V: MEX
For Immediate Release June 19, 2019
MEXICAN GOLD CORP. ANNOUNCES APPOINTMENT OF NEW CHIEF
EXECUTIVE OFFICER
MEXICAN GOLD CORP . (TSX-V: MEX; OTCQB: MEXGF; FRA: 4QW1) ("Mexican Gold" or
the "Company") is pleased to announce the appointment of Philip O’Neill as Chief Executive Officer,
President, and Director of the Company. Mr. O’Neill will replace Carl Hering (PhD Geology) as Chief
Executive Officer. Mexican Gold i s also pleased to announce that Carl Hering will assume the Chief
Operating Officer position and will remain as a Director of the Company.
Mr. O’Neill is an experienced mining executive and corporate director . He is currently the President and
founder of M P1 Capital, a Calgary based company created to focus on investments in the natural
resources sector. Mr. O’Neill was a founder, director, and CEO of TSX listed Sunward Resources
wherein a 10- month span from going public in 2010, he raised $81 million to a dvance the Titiribi
gold/copper project in Colombia. In 2015, he negotiated Sunward's acquisition by NovaCopper, now
Trilogy Metals, at a +140% premium to market. Mr. O’Neill has been a director of several TSX, TSX
Venture, and ASX listed companies. In 2012, Phil was honoured with induction into the inaugural Casey
Research NexTen – a group of industry players identified as the “Next Generation of Resource Industry
Titans.” Phil holds a Bachelor of Applied Science degree, Honours Program, from the Unive rsity of
Guelph.
“We are very pleased that Phil will be joining our team as CEO, President, and Director " stated John
Anderson, Chair of the Board of Mexican Gold. “With his previous experience and track record in the
industry, Mexican Gold welcomes his leadership in taking the Company through its next phase of growth
and development."
Mr. O’Neill stated, "I am excited to be joining Mexican Gold and to work with the team in continuing to
build a leading explorer and developer in the Americas. I look forward to growing the Company and
delivering significant value to shareholders.”
The Company announce s it ha s agreed to a $1 million financing commitment with 1198578 B.C. Ltd.
(“BC Co”) which contemplates BC Co paying $50,000 for a right of first refus al on the Las Minas
royalties, an unsecured, non-interest bearing $450,000 loan to the Company, and a $500,000 commitment
to participate in Mexican Gold’s next equity financing. The $450,000 loan becomes due and payable at
the time of the next financing.
About Mexican Gold Corp.
Mexican Gold Corp. is a Canadian based m ineral 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 the Las Minas Project, which is
located in the core of the Las Minas mining district in Veracruz State, Mexico, and is host to one of the
newest, under-explored skarn systems known in Mexico.
For more information, please contact:
Philip O’Neill – CEO, President, and Director
Phone: 403-614-2552
E-mail: [email protected]
Website at www.mexicangold.ca
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release
includes certain information that ma y consti tute "forward -looking information" under applicable Canadia n securities
legislation. “Forward-looking information” can often, but not always, be identified by the use of words such as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could ”, “woul d”, “will”, or “plan” . These statements are based on
information currently available to the Company, and the Company provides no assurance that actual results will meet
management’s expectations. Forward-looking information includes, but is not lim ited to, statements about the closing of the
Private Placement, the future exploration results relating to the Las Minas project, and exploration plans for the Las Minas
project and the exploration potential of the Las Minas project. Forward -looking inform ation is necessarily based upon a
number of estimates and assumptio ns that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed
or implied by such forward- looking information, including the risks identified in the Company's disclosure documents. There
can be no assurance that such information will prove to be accurate, as actual results and future events could diff er materially
from those anticipated in such information. According ly, readers should not place undue reliance on forward- looking
information. All forward -looking information contained in this press release is given as of the date hereof and is based upon
the opin ions and estimates of management and information available to management as at the date hereof. The Company
disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new
information, future events or otherwise, except as required by 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.