Mr. Jack Campbell reports

MEXICAN GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Mexican Gold Mining Corp. has arranged a fully allocated non-brokered private placement of up to 10 million units of the company at a price of 8.5 cents per unit to raise gross proceeds of up to $850,000. Each unit consists of one common share of the company and one transferable common share purchase warrant, whereby each warrant shall entitle the holder thereof to purchase an additional share at an exercise price of 12 cents for a period of three years from the date of issuance.

Mexican Gold intends to use the net proceeds from the offering as working capital for general corporate purposes. The company may pay finders' fees to eligible finders in connection with the offering in accordance with the policies of the TSX Venture Exchange. All securities to be issued and issuable pursuant to the offering will be subject to a hold period of four months from the date of issuance in accordance with applicable Canadian securities laws.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the exchange.

About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through 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.