Mexus Gold US (MXSG)

[T-Hawk]

Effective March 31, 2011, we acquired Mexus Gold S.A. de C.V. (our wholly owned subsidiary) and began funding mining operations in Mexico. A small placer processing operation was instituted to evaluate various areas of interest within the project lands held by Mexus Gold S.A. de C.V.

If Mexus Gold S.A. de C.V xyz was it's own subsidiary then it would need to either file it's own separate 10-k or be included in the Mexus Gold US 10-k. Since it does not file separately the Mexus Gold US 10-K filing covers Mexus Gold US and all of its subsidiaries. All active properties (including those supposedly owned by this Mexus Gold S.A de C.V lmnopqrstuvwxyz) are listed in the Mexus Gold US 10-K as well as all it's financial activites. According the the 10-K Mexus Gold US and Mexus Gold viva la Mexico XYZ have a combined total of 1 employee. Anyone else would be an independent contractor.

I don't make the rules nor very obvious exceptions last 80 some years. BTW not being tightend, changes are being set more to intl standards.

I asked for the link (or at least the regulation number/page) to SEC where one could finld the test mining exemption. Simple "cause I said so" aint sufficient for this "slow reader".