Thomas Atkins, President and CEO of Mammoth commented on this agreement and investment stating: “The Company has built a strong relationship with this drill contractor and the senior executive of this contracting firm, himself having studied and worked as a geologist, upon seeing the potential of the Tenoriba property was keen to consider a structure whereby his firm could assist us in the challenge of raising capital for drilling while at the same time gain some exposure to the success of the drill program and the advancement of exploration at Tenoriba. We think this can be a win-win situation and are very pleased to arrive at such an agreement. Following the field program which is expected to start shortly at Tenoriba and will include trenching and road access and pad construction to facilitate drilling, Mammoth hopes to begin an approximate 2,500 diamond drill program to test various targets on the property. As a result of this agreement with the contractor the Company will be required to raise far less capital in the equity market for this program. We’re equally pleased that the contractor has shown confidence in the Company and the Tenoriba project by investing in the recently announced Private Placement.”

“We are very happy to have traced wide, high-grade mineralization in the Valdecañas Deep Zone West nearly to the western property boundary and see that the Anticipada Vein is fleshing out to significant size”, said George Paspalas, President and CEO of MAG. “Perhaps more exciting though are the numerous high gold values we’re seeing at depth, especially in the Deep Zone East. People think of Juanicipio as a high-grade silver project and now it appears to be shaping up into a sizable gold asset as well”.

Mr. Francis Biscan Jr., President of Firma Holdings Corp., stated, “We are very fortunate to have secured a project that can provide a significant source of near term revenue for our company and simultaneously help the small scale mining community of Durango.”

MX Gold Corp. has entered into a binding option agreement with American Metal Mining SA de CV whereby, upon certain scheduled payments totalling $1,525,000 (U.S.), the company will acquire 50 per cent of the shares of a private Mexican corporation that holds the IDS project. The IDS project consists of a past-producing gold smelter, three acres of land situated around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment of $650,000 (U.S.), the company was granted a 49.5-per-cent net profit participating interest in the IDS project that will remain until option exercise, provided that all payments are made by the company in accordance with the option agreement.

Fred Stanford, President & CEO of Torex stated: “These encouraging high grade results indicate that the Sub-Sill mineralization is open to the north, south, and east, and is also open at depth. A resource estimate that includes today’s results is expected to be completed in Q2/17. Another step out drill program is being planned and drilling is expected to commence this quarter. This program will also seek to probe the extension of mineralization at greater depths, and to identify the source of the magnetism that past studies have indicated is present.”