Magna Gold Corp. Announces Completion of Qualifying Transaction, Increases Land Position, Receives Environmental Permits

Pursuant to the option agreement dated September 25, 2018 and amended March 22, 2019 comprising the Qualifying Transaction, the Corporation has acquired from the Seller an option to acquire a 100% undivided interest in two mining claims located in the municipality of Yecora, Sonora, Mexico, for a four-year period. The Property consists of two contiguous claims covering an aggregate area of approximately 345 hectares is located approximately 250 kilometers east-southeast along the Federal Highway 16 from the state capital, Hermosillo.

Galore Mobilizes Drill to Dos Santos Project

Galore Resources Inc. is pleased to announce that Minerales Galore S.A, De CV., Galore’s wholly owned Mexican subsidiary, signed an agreement with COMEFIN S DE RL DE CV of Mexico to immediately mobilize a drill core rig to complete a 2,500-meter diamond core drilling program at Galore’s 100% owned El Alamo project. The agreement also allows for an additional 1,500 meters of drilling at Galore’s 100% owned Los Gemelos project, where previous work has exposed narrow quartz and calcite veins containing visible gold.

Prize Mining Closes First Tranche of Private Placement

PRIZE MINING CORPORATION is pleased to announce that, further to its news release of May 1, 2019, it has closed the first tranche of a non-brokered private placement of 25,200,000 common shares at a price of $0.025 per Share for gross proceeds of $630,000.

IMPACT Silver Announces Q1 2019 Financial and Production Results

Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2019, silver prices continued to be challenging with prices below $16 USD/ounce. In reaction to these persistent low metal prices, IMPACT has reduced tonnage and focused on higher grades which resulted in a 16% reduction in cost and a 23% decline in revenue during the quarter. Going forward given the current silver price environment, we aim to break even on existing production levels while metal prices remain depressed and explore selective high-grade targets which IMPACT may fast track to higher grade production.”

Minera Alamos Strengthens Mine Operations Team in Advance of Construction Decision at Santana Gold Project

Minera Alamos Inc. is pleased to announce the appointment of Carolina Salas as Vice President – Technical Services. Ms. Salas, who has worked with the Company’s senior management group at previous Mexican gold operations, will oversee final preparations related to the construction of commercial scale gold production facilities at the Santana Project in Sonora. Her addition will add further project development and operations expertise to an already strong in-country team with a proven track record successfully developing low capex gold projects.

Ethos Trenches 0.47g/t Au Over 127m Including 1.11g/t Au Over 40m at its La Purisima Gold Project, Chihuahua, Mexico

Commented Craig Roberts, P.Eng., President and CEO of Ethos: ‘We are very encouraged by the trench results that show dissemination of gold mineralization over significant intervals outside of the primary veins in the Purisima Vein Zone, and also by the new high-grade intervals identified in the Stockwork Zone. We will use these results to plan our fully permitted maiden drill program of approximately 15 RC holes which we intend to commence shortly.’

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