Mexican GOLD Announces Board Resignation

Thunder Bay, Ontario TSX-V: MEX

For Immediate Release May 12, 2017

MEXICAN GOLD ANNOUNCES BOARD RESIGNATION

MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX-V: MEX)

announces that Mr. Earl Terris has resigned as a director of the Company for personal

reasons, effective May 12, 2017.

Mr. Brian Robertson, Chairman, President and CEO, stated, “On behalf of the board

and management team, I would like to thank Earl for his years of service and

significant contributions to advance the Company. All of us sincerely wish Earl the very

best in his future endeavors.”

About Mexican Gold Corp

Mexican Gold Corp. is a Canadian based mi neral exploration company committed to

building long-term value through ongoing disco veries and strategic acquisitions of

prospective precious metals deposits in Me xico. Mexican Gold is exploring the Las

Minas Project, which is located in the core of the Las Minas district in the Veracruz

State, Mexico. The district is host to one of the largest under-explored skarn systems

known in Mexico and has a strong production history that dates back to the Aztec era.

For more information, please contact:

Brian Robertson, Chairman, President & CEO

Phone: 807-474-4270 or 807-251-1816

Fax: 807-474-4272

E-mail: [email protected]

Website at: www.mexicangold.ca

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION: This news release includes certain information 

that  may  constitute  "forward‐looking  information"  under  applicable  Canadian  securities  legislation.  Forward‐looking 

information  includes,  but  is  not  limited  to,  statements  about  the  magnitude  or  quality  of  mineral  deposits,  anticipated 

advancement of mineral properties or programs, future operations, results of exploration, prospects, commodity and precious 

metals prices, future work programs, anticipated financial and operational results, capital expenditures and objectives and the 

completion  and  timing  of  mineral  resource  estimates.  Forward‐looking  information  is  necessarily  based  upon  a  number  of 

estimates  and  assumptions  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  available  at 

www.sedar.com.  There  can  be  no  assurance  that  such  information  will  prove  to  be  accurate,  as  actual  results  and  future 

events  could  differ  materially  from  those  anticipated  in  such  information.  Accordingly,  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 on the opinions 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  the  TSX  Venture  Exchange  nor  its  regulation  services  provider  (as  that  term  is  defined  in  the  policies  of  the  TSX 

Venture Exchange) have reviewed or accepts responsibility for the accuracy or adequacy of this release.