Mexican Gold Corp. Announces Completion of Debt Settlement

THUNDER BAY, ONTARIO--(Marketwired - May 10, 2017) - MEXICAN GOLD CORP. ("Mexican Gold" or the "Company") (TSX VENTURE:MEX) is pleased to announce that further to its news release dated September 28, 2016, the Company has issued an aggregate of 1,052,129 common shares ("Common Shares") at a deemed price of $0.31 per Common Share and an aggregate of 611,000 Common Shares at a deemed price of $0.25 per Common Share to certain of its officers and/or directors in settlement of outstanding debt in the aggregate amount of $478,910.22 (the "Debt Settlement") as summarized below.