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or Name
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CA



Canamex Gold Corp
Symbol CSQ
Shares Issued 61,365,676
Close 2018-01-19 C$ 0.21
Market Cap C$ 12,886,792
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Canamex appoints Dancosse to board

2018-01-22 09:34 ET - News Release

Mr. David Vincent reports

CANAMEX APPOINTS NEW DIRECTOR TO THE BOARD

Canamex Gold Corp. has appointed Guy Dancosse, QC, icd.D., to the board of the company, effective Jan. 22, 2018.

Background

Mr. Dancosse, QC, was a member of the board of directors and chair of the human resources committee at the Royal Canadian Mint. He was legal counsel for the Royal Canadian Mint for a long period of time. As such he has acquired a deep knowledge of the international currency systems and of global mint activity. He also sits on the board of many public and private companies.

Mr. Dancosse has extensive experience in arbitration, negotiation and mediation -- nationally and internationally -- in many areas of business and the public sector. He has pleaded in all levels of the provincial and federal courts in Canada, including the Supreme Court of Canada. He acted as counsel in commercial arbitration, both nationally and internationally.

Mr. Dancosse has been part of Canadian task forces and inquiry commissions, and has headed World Bank missions in Africa. He has undergone postgraduate training in mediation and arbitration at Harvard University, and completed the director's education program at the Rotman School of Business at the University of Toronto.

Mr. Dancosse is a certified member of the Institute of Corporate Directors and is accredited as an international commercial arbitrator by the ICC (International Chamber of Commerce). He is also a member of the board of directors of Fronsac Inc., a Canadian real estate investment trust, where he sits on the governance committee. He is a member of the Ordre des conseillers en ressources humaines agrees du Quebec, the Canadian Bar Association, the International Bar Association and the International Institute for Conflict Prevention & Resolution of New York.

Comments by management

David Vincent, chief executive officer of the company, stated: "The appointment of Mr. Dancosse as a director to the board, brings significant depth of experience and legal skills, of international currency systems and of global mint operations, having been the legal counsel for the Royal Canadian Mint for a long period of time. His background complements the new direction of the company, relating to its planned Ethereum cryptotoken offering (CTO) development work, including developing the regulatory and legal documentation requirements to undertake a CTO. Furthermore, Guy's experience on the board of directors of the Royal Canadian Mint should assist with developing the physical delivery logistics with any CTO of gold and silver cryptotokens, with smart contracts, on the Ethereum blockchain during 2018."

Cryptotoken offering considerations

The company is not undertaking any current CTO right now. If, as and when the company wishes to undertake a CTO, it will disclose such details at that time.

While the company is not conducting a CTO now, it may decide to do so in the future. If the company decides to do so, it will determine the terms of such offering and, such CTO may be deemed to be a security for the purposes of the Securities Act (British Columbia) and therefore require either a prospectus or an exemption from the prospectus requirement to issue the Ethereum cryptotokens and affect trades in the Ethereum cryptotokens. The company may utilize the accredited investors exemption, the offering memorandum exemption or such other exemptions from the prospectus requirement that are detailed in National Instrument 45-106 -- Prospectus Exemptions. However, in certain instances the issuance of a Ethereum cryptotoken may be determined to be a derivative if the underlying asset of the cryptotoken is a commodity, which is not an investment contract. Until the company finalizes any terms of any CTO it will be unable to definitively determine if the cryptotoken is a security or a derivative. Cryptotokens may be tradable on the Ethereum platform or other token platforms. If such cryptotoken is a security then the company will need to file a prospectus to permit the secondary market trading of the cryptotoken or alternatively apply for an exemption from the prospectus requirement for secondary market trading, and there are no assurances that such exemptions will be granted.

About Canamex Gold Corp.

Canamex Gold is engaged in fast-tracking toward development of the Bruner gold development project in the prolific gold jurisdiction of Nye county, Nevada. The region is home to several producing and past-producing mines along the Walker Lane trend. Canamex completed a positive preliminary economic assessment on the Bruner gold development project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which significantly advances the project.

Greg Hahn (CPG No. 7122), president and chief operating officer of the company, is the qualified person who has reviewed and approved all technical disclosures in this release.

We seek Safe Harbor.

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