Mexus Gold US (MXSG)

[T-Hawk]

Again, the PR creates more questions than answers.

1. Who is Irmex? A "co-owner" statement is given, but no name is given for the IRMEX company rep. Given Mexus' history with Mar Mar's JV deception, this creates a lot of questions and uncertainties.

2. Is Irmex under a LOI or an actual agreement? There is a difference between the two. Previous PR's seemed to indicate a bona fide agreement was in place for cash and 10% net profit. Today's PR has this word salad that sounds like an agreement has not been signed

All of this will lead to additional releases on the advancement from Irmex on the Mabel Project through the Mexus agreement and further down the road to finalize the definitive agreement as planned for late April 2022.

3. If an agreement is not in place, then why does Irmex have access to the property to do any kind of drilling or resources estimation?

4. Why would Irmex release any information through Mexus if there was no formal agreement in place and it was still conducting resource estimation to determine if it wanted to enter into an agreement.

Bottom line this JV relationship continues to be shady as hell.

5. What's the status of this active carbon that was to be processed by March 21st? Is it still stuck at the boarder for receiving assays from the import/export customs office like the alleged phantom shipment from the January 10th PR that never materialized?

6. Where's the 8-k from the gold allegedly sold according to the December 20th PR?