Mexican Gold Publicizes Non-Brokered Personal Placement

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VANCOUVER, British Columbia, Jan. 24, 2025 (GLOBE NEWSWIRE) — Mexican Gold Mining Corp. (the “Firm” or “Mexican Gold“) (TSXV: MEX, OTCQB: MEXGF) is happy to announce a non-brokered non-public placement providing of as much as 4,000,000 items (the “Items”) of the Firm at a worth of $0.04 per Unit to lift gross proceeds of as much as CAD $160,000.00 (the “Providing”). Every Unit shall consist of 1 (1) widespread share (“Share”) within the capital of the Firm and one (1) transferable share buy warrant (“Warrant”), whereby every Warrant shall be convertible into a further Share at an train worth of $0.06 for a interval of three (3) years from the date of issuance.

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Roughly 16% of the online proceeds raised from the Providing might be used to fund declare charge funds, roughly 14% might be used to fund annual OTCQB itemizing charges, and the stability of proceeds might be used to fund persevering with operations of the Firm’s Las Minas undertaking, fee of excellent invoices, and for basic working capital. Because the Firm is counting on the Minimal Worth Exception permitted by the TSXV, which permits for the issuance of Items at lower than $0.05 per Unit, the Firm confirms that not more than 10% of the proceeds might be used for funds to non-arm’s size events of the Firm, nor will any of the proceeds be used to compensate individuals conducting investor relations actions.

All securities issued in reference to the Providing might be topic to a maintain interval below relevant Canadian securities legal guidelines expiring 4 months and in the future from the date of closing of the Providing. Topic to receipt of all essential regulatory approvals, together with acceptance by the TSX Enterprise Change, Mexican Gold anticipates that the Providing might be closed by February 21, 2025.

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This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the US. 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 offered inside the US or to, or for the account or advantage of, U.S. individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines, except an exemption from such registration is accessible.

About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and improvement firm dedicated to constructing long-term worth via 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 situated 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 info, please contact:

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Jack Campbell – CEO, President, and Director
E-mail: data@mexicangold.ca
Web site: www.mexicangold.ca

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

Cautionary Statements Concerning Ahead Trying Info

This information launch accommodates sure “forward-looking info” and “forward-looking statements” (collectively “forward-looking statements”) throughout the which means of relevant securities laws. All statements, apart from statements of historic reality, 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 incessantly, however not all the time, recognized by phrases akin to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and related expressions, or statements that occasions, situations, or outcomes “will”, “might”, “may”, or “ought to” happen or be achieved.

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Ahead-looking statements on this information launch relate to, amongst different issues, the completion of the Providing on the phrases as anticipated by administration, that the Firm will obtain all essential approvals for the completion of the Providing, together with the approval of the TSX Enterprise Change and the supposed use of proceeds from 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 may 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 primarily based upon a lot of assumptions and estimates that, whereas thought-about affordable by the Firm, are inherently topic to important enterprise, financial, aggressive, political and social uncertainties and contingencies. Many components, each recognized and unknown, may trigger precise outcomes, efficiency or achievements to be materially completely different from the outcomes, efficiency or achievements which might be or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates primarily based on or associated to many of those components. Such components embody, with out limitation, the TSX Enterprise Change not approving the Providing and administration’s discretion to reallocate the usage of proceeds. Readers shouldn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding these things. The Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they alter, besides as required by relevant securities legal guidelines.

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