Writer of the article:

GlobeNewswire

// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //

VANCOUVER, British Columbia, July 29, 2022 (GLOBE NEWSWIRE) — Mexican Gold Mining Corp. (the “Firm” or “Mexican Gold“) (TSXV: MEX, OTCQB: MEXGF) is happy to announce a non-brokered personal placement providing of as much as 7,500,000 items (the “Items”) of the Firm at $0.02 per Unit to lift gross proceeds of as much as $150,000 (the “Providing”). Every Unit shall consist of 1 (1) widespread share (“Share”) within the capital of the Firm and one (1) Share buy warrant (“Warrant”), whereby every Warrant shall be convertible into an extra Share at an train worth of $0.05 for a interval of 60 months from the date of issuance.

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The web proceeds raised from the Providing can be used to fund persevering with operations of the Firm’s Las Minas Undertaking, cost of excellent invoices, and for normal working capital.

All securities issued in reference to the Providing can be topic to a maintain interval below relevant Canadian securities legal guidelines expiring 4 months and someday from the date of closing of the Providing. Topic to receipt of all obligatory regulatory approvals, together with acceptance by the TSX Enterprise Alternate, Mexican Gold anticipates that the Providing can be closed by the top of August 2022.

This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any of the securities in america. The securities provided haven’t been and won’t be registered below the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities legal guidelines and is probably not provided or bought inside america or to, or for the account or advantage of, U.S. individuals until registered below the U.S. Securities Act and relevant state securities legal guidelines, until an exemption from such registration is out there.

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About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and improvement firm dedicated to constructing long-term worth by ongoing discoveries and strategic acquisitions of potential treasured metals and copper tasks within the Americas. Mexican Gold is exploring and advancing the Las Minas Undertaking, which is positioned within the core of the Las Minas mining district in Veracruz State, Mexico, and host to one of many latest, under-explored skarn techniques recognized in Mexico.

For extra data, please contact:

Jack Campbell – CEO, President, and Director

E-mail: information@mexicangold.ca

Web site: www.mexicangold.ca

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

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Cautionary Statements Concerning Ahead Wanting Info

This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) throughout the which means of relevant securities laws. All statements, aside from statements of historic truth, included herein, with out limitation, statements relating the long run working or monetary efficiency of the Firm, are forward-looking statements. Ahead-looking statements are ceaselessly, however not all the time, recognized by phrases equivalent to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “potential”, and comparable expressions, or statements that occasions, circumstances, or outcomes “will”, “might”, “might”, or “ought to” happen or be achieved. Ahead-looking statements on this information launch relate to, amongst different issues, the completion of the Providing and using proceeds of the Providing. Precise future outcomes might differ materially. There will be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are based mostly upon quite a few assumptions and estimates that, whereas thought-about affordable by the Firm, are inherently topic to vital enterprise, financial, aggressive, political and social uncertainties and contingencies. Many elements, each recognized and unknown, might trigger precise outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which can be or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates based mostly on or associated to many of those elements. Such elements embody, with out limitation, the TSX Enterprise Alternate not approving the Providing and administration’s discretion to reallocate using proceeds. Readers mustn’t place undue reliance on the forward-looking statements and knowledge contained on this information launch regarding this stuff. The Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different elements, ought to they alter, besides as required by relevant securities legal guidelines.

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