Thunder Bay, Ontario

Thunder Bay, Ontario TSX-V: MEX

For Immediate Release May 26, 2017

Mexican Gold Corp. Engages Paradox to Provide Investor Relations Services

MEXICAN GOLD CORP. ("Mexican Gold" or the "Company") (TSX-V: MEX) is pleased to announce

that it has entered into an investor relations agreement ("Investor Relations Agreement") with Relations

Publiques Paradox Inc. (" Paradox") pursuant to which Paradox will focus on developing and expanding

the Company's communications with the investment community through a comprehensive investor

relations program. Services to be provided to the Company will include increasing visibility towards the

financial community by direct introduction, marketi ng to the investment community to identify potential

investors, use of Paradox's proprietary database and contacts for marketing purposes, organizing

presentations with interested parties, e-mail distribution of news and articles to Paradox's investor

network and handling of incoming calls from shareholders and potential investors.

The Investor Relations Agreement has an initial term of 12 months commencing May 2017 and includes

an option to extend the mandate for an additional 12 months. Pursuant to the Investor Relations

Agreement, Paradox will be paid a monthly fee of $8,000 and will be granted 400,000 options to

purchase common shares of the Company at a price of $0.35 per common share for a period of five

years. The options will vest quarterly over a 12 m onth period from the effective date of the grant. The

Investor Relations Agreement and grant of options is subject to approval of the TSX Venture Exchange.

Paradox is an investor relations company based in Montreal, Quebec and has been providing investor

relations services in multiple industries for over fifteen years. The principals of Paradox are Carl

Desjardins, Jean-François Meilleur and Karl Mansour. As at the date hereof, the principals of Paradox

beneficially own, directly or indirectly, an aggregate of 1,145,000 common shares of the Company.

About Mexican Gold Corp.

Mexican Gold is a Canadian based mineral explorati on company committed to building long-term value

through the discovery, acquisition and advancement of mineral properties. Mexican Gold holds an option

on the Las Minas gold, silver and copper exploration project located within the Las Minas mining district

in the State of Veracruz, Mexico. The district hosts one of the largest underexplored skarn systems

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

For further 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: 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 fu ture exploration results relating to the Las Minas project,

exploration plans for the Las Minas project and the exploration potential of the Las Minas project. 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 event s to differ materially from

those expressed or implied by such forward-looking informa tion, 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 in formation contained in this press release is given as of t he

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 up date 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 Regulati on Services Provider (as that term is def ined in the policies of the TSX Venture

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