Mr. Jack Campbell reports

MEXICAN GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Mexican Gold Mining Corp. has now closed its previously announced a non-brokered private placement offering for aggregate gross proceeds of $160,000 through the issuance of four million units of the company at a price of four cents per unit. Each unit shall consist of one common share in the capital of the company and one transferable share purchase warrant, whereby each warrant shall be convertible into an additional share at an exercise price of six cents for a period of three years from the date of issuance.

Approximately 16 per cent of the net proceeds raised from the offering will be used to finance claim fee payments, approximately 14 per cent will be used to finance annual OTCQB listing fees, and the balance of proceeds will be used to finance continuing operations of the company's Las Minas project, for payment of outstanding invoices and for general working capital. As the company is relying on the minimum price exception permitted by the TSX Venture Exchange, which allows for the issuance of units at less than five cents per unit, the company confirms that no more than 10 per cent of the proceeds will be used for payments to non-arm's-length parties of the company, nor will any of the proceeds be used to compensate persons conducting investor relations activities.

All securities issued under the offering are subject to a four-month-and-one-day hold period that expires June 25, 2025. No finders' fees were paid incidental to the offering.

About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas project, which is located in the core of the Las Minas mining district in Veracruz state, Mexico, and host to one of the newest, underexplored skarn systems known in Mexico.

We seek Safe Harbor.