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File: MX Gold - News Release Announcing Bonaparte.DOC
900 - 570 Granville Street Vancouver, B.C. V6C 3P1
FOR IMMEDIATE RELEASE
---> December 23, 2016
MX Gold Corp. Announces Option of 5% of Bonaparte Property
Vancouver, B.C. - MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: MXLGF) (the "Company" or "MX Gold") announces that WestK
--->am Gold Corp. has optioned a 5% interest in the Bonaparte property to MX Gold, a company with a common director. The opt
--->ion can be exercised by incurring a minimum of $650,000 in exploration expenditures on the property by December 31, 2016
"The agreement with WestKam Gold represents a strategic step forward, adding value to our company," said Dan Omeniuk Cha
--->irman and CEO. "We look forward to reporting on the Bonaparte progress early in 2017."
About MX Gold
MX Gold Corp. is a junior mining company focused on the exploration, development and mining of advanced projects located
---> in British Columbia and Mexico.
The Company's primary focus in British Columbia is its high-grade Willa gold and copper project located 12 kilometers so
--->uth of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molyb
--->denum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine
---> project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to re
--->open the Max Molybdenum mining operation once world Moly prices improve.
Located in Mexico, MX Gold's new Magistral Del Oro Project is located 392 kilometres south-west of Chihuahua City, in ro
--->ute to Parral 220 km, from there due South on Durango Hi-way for 120 km to Santa Maria Del Oro interception, turn West t
--->o Santa Maria Del Oro for 48km, continue East for 3.5 km, then turn South for .5 km to the Magistral Del Oro Project. Al
--->l paved road except for the last 0.5 kilometer.
On behalf of the Board of Directors,
CEO, MX Gold Corp.
For further information, please contact
SkanderBeg Capital Advisors 604-687-7130 Ext 203
Dan Omeniuk, CEO Email: email@example.com
Ron Birch Phone: 250-545-0383 Toll Free: 1-800-910-7711 Fax: 604-926-4232
Or by email to:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ve
--->nture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statement
--->s are statements that are not historical, and consist primarily of projections - statements regarding future plans, expe
--->ctations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticip
--->ates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking st
--->atements in this news release include MX Gold's estimation that the Magistral plant can be fully operational within 4 to
---> 6 months, and its plans for a data verification program and additional geochemical studies. All of these forward-looki
--->ng statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actu
--->al events or results to differ from those expressed or implied, including, without limitation, business integration risk
--->s; uncertainty of production, development plans and cost estimates, commodity price fluctuations; political or economic
--->instability and regulatory changes; currency fluctuations, the state of the capital markets, uncertainty in the measurem
--->ent of mineral reserves and resource estimates, MX Gold's ability to attract and retain qualified personnel and manageme
--->nt, potential labour unrest, reclamation and closure requirements for mineral properties and the availability of capital
---> to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in
---> the Company's continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaust
--->ive of all factors and assumptions which may have been used. MX Gold cannot assure you that actual events, performance
--->or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorr
--->ect. These forward-looking statements reflect current expectations regarding future events and operating performance and
---> speak only as of the date hereof and MX Gold does not assume any obligation to update forward-looking statements if cir
--->cumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For
---> the reasons set forth above, you should not place undue reliance on forward-looking statements.
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