MX Gold Corp (MXLGF)

[ThSeeker]

Vancouver, B.C. - MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: MXLGF) (the "Company" or "MX Gold") is pleased
to announce that CEO Dan Omeniuk and his technical team have completed a site visit and initiated a due diligence review of Symple Internet Financial Ltd. ("Symple"), an arm's length private British Columbia company based in Manitoba. As disclosed in a news release dated October 13, 2017, MX Gold has entered into a letter of intent to acquire all of the shares of Symple.

Dan Omeniuk describes Albert Buu, the principal of Symple, as a trailblazer in the blockchain/crypto currency mining sector who anticipated future opportunities in the growing industry, including the growth of crypto currencies as an asset class for financial diversification by industry participants. Symple operates in a 5,000 square foot leased facility in Manitoba with the possibility to expand in the future under current leases. As part of its due diligence, MX Gold is modelling potential expansion of the existing site which benefits from having access to highspeed internet access and making sure there is ample cooling and ventilation in the building and most importantly, very competitive energy costs.

CEO Dan Omeniuk comments, "We are excited at the prospect of working with Albert Buu in connection with the acquisition of Symple. We are currently negotiating the definitive agreement and finalizing due diligence on the proposed transaction. Personally, I am also looking forward to working with Albert Buu in Manitoba, a place where I've done business for nearly 40 years. I truly believe that the sector can provide our shareholders with a unique angle to differentiate ourselves from other mining companies."