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Palisade Global Investments Ltd. Increases Ownership in Mexican Gold to 15.86%

THUNDER BAY, ONTARIO–(Marketwired – May 30, 2017) – MEXICAN GOLD CORP. (TSX VENTURE:MEX)(OTC:SRXLF)(FRANKFURT:4QW1) (“MEX” or the “Company”) is pleased to announce that Palisade Global Investments Ltd. (“Palisade”) has further increased its ownership of the company and maintains its status as largest shareholder of Mexican Gold. Palisade provided the lead order for the recently closed private placement, investing $505,050 to acquire 1,683,500 units of the company. In addition, Palisade recently bought shares in the open market as disclosed through insider filings.