MX Gold Corp. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2017) - MX Gold Corp. (the "Company") (TSX VENTURE:MXL)(OTCQX:MXLGF) is pleased to announce that, further to its news release dated May 3, 2017, it closed a private placement and raised gross proceeds of $1,950,000 on May 5, 2017. On the closing date, the Company issued 15,000,000 units at a price of $0.13 per unit, each unit consisting of one common share and one share purchase warrant, which entitles the holder to purchase one additional common share at a price of $0.20 for a period of three years.