- "While all project objectives and estimates have been done on a non-43-101 complaint basis, for project planning purposes and based on the increased production capacity, the company is using the following updated targeted yields:
|Estimated Tonnage||1,200,000 Metric Tonnes|
|Estimated Gold / Tonne||2.06 grams|
|Estimated Silver / Tonne||3.9 grams|
|Recovery Rate Gold||76%|
|Recovery Rate Silver||45%|
|Commercial Production (CP)||30,000 Tonnes per month|
|Free Cash Flow - Pretax / Quarter (CP)||$3,014,500 USD|
|Life of Project (assumes no additional ore feed)||3.5 years|
|Total Free Cash Flow Generated (Pre-tax)||$42,203,000|
- "* The CM report does not comply with National Instrument 43-101, Standards of Disclosure For Mineral Projects, a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or reserve and the Company is not treating the historical estimate as a current mineral resource or reserve."
- "**Based on work done in January 2012 by Corporación Ambiental de México, S.A de C.V. A historical estimate was completed by Corporation Ambiental de Mexico SA de CV on Jan. 20, 2012, titled "Perforacion y Muestreo en Presa de Jaleas Estimation Volumetrica, Tonelaje y Ley Promedio." The CM report estimated a probable reserve of 1.25 million tonnes averaging 2.06 grams per tonne gold. The assumptions for this estimate were based on 58 auger samples, 2.45 metres to three metres in length from 24 drill holes."
- "*****Lorne Warner, P.Geo., is a director of the Company and a qualified person as defined by National Instrument 43-101. Mr. Warner has not verified any of the data disclosed in this news release."
On behalf of the Board of Directors,"Akash Patel" Akash Patel, Vice President and Director, MX Gold Corp. For further information, please contact Dan Omeniuk, CEO Email: email@example.com Or by email to: firstname.lastname@example.org Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.