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File: 2019_02_06_10-1 Consolidation.docx

February 6, 2019 
ML Gold Corp Announces Dropping Palmetto Project and Share Consolidation 
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) ("ML Gold" or the "Company") announces that its Board of Directors is proposin
--->g to consolidate the Company's issued and outstanding common shares on the basis of one (1) new common share for every
---> ten (10) old common shares outstanding.  The Board of Directors believes that the consolidation will increase the Com
--->pany's flexibility and competitiveness in the market place and will allow the Company to raise additional capital to f
--->urther develop its remaining assets.  The proposed consolidation would result in the number of issued and outstanding 
--->common shares of the Company being reduced from 107,422,763 common shares without par value to approximately 10,742,27
--->6 common shares without par value.  
The proposed consolidation is subject to TSX Venture Exchange (the "Exchange") acceptance.  The effective date of the 
--->share consolidation will occur immediately after Exchange approval.
The Company further announces that it has elected to drop the Palmetto gold property in Nevada to avoid making the rem
--->aining 1.2 Million USD in option payments, and will instead focus on its Stars, Aspen, and Block 103 projects in Briti
--->sh Columbia and Newfoundland and Labrador respectively.

ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic de
--->velopment of mineral properties in Canada. For additional information please visit the Company's website at www.mlgold
--->corp.com.  You may also email info@mlgoldcorp.com or call investor relations at (604) 669-2279.

ML GOLD CORP. 
"Andrew Bowering"
Andrew Bowering
CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Sec
--->urities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, 
--->the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar wo
--->rds or expressions identify forward-looking statements or information.  These forward-looking statements or informatio
--->n may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resour
--->ces, regulatory or government requirements or approvals, the reliability of third party information, continued access 
--->to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$,  changes in explo
--->ration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors o
--->r information. Such statements represent the Company's current views with respect to future events and are necessarily
---> based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently sub
--->ject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many
---> factors, both known and unknown, could cause results, performance or achievements to be materially different from the
---> results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The 
--->Company does not intend, and does not assume any obligation, to update these forward-looking statements or information
---> to reflect changes in assumptions or changes in circumstances or any other events affections such statements and info
--->rmation other than as required by applicable laws, rules and regulations.