MX Gold Corp. — Board/Management Information 2020

Mar 19, 2020

FORM 51‐102F3 Material Change Report

1. Name and Address of Company

MX Gold Corp. (the “ Company ”) 1300 Redonda Street Winnipeg, MB R2C 3T7

2. Date of Material Change

March 19, 2020

3. News Release

The news release was issued on March 19, 2020 through BayStreet and Stockwatch and filed on SEDAR on March 19, 2020.

4. Summary of Material Change

The Company announced that, effective March 15, 2020, Chad Peterson has resigned from his position as director of the Company. The Company would like to thank Mr. Peterson for his service and dedication to the Company and its shareholders.

The Company is pleased to announce the appointment of Connor Macaulay as a director of the Company effective March 18, 2020 to fill the vacancy created by the resignation of Mr. Peterson.

5. Full Description of Material Change

• 5.1 Full Description of Material Change

See Item 4 above and the attached news release with respect to the matter described above in Item 4.

• 5.2 Disclosure for Restructuring Transactions

Not applicable.

6. Reliance on subsection 7.1(2) of National Instrument 51‐102

Not applicable.

7. Omitted Information

None.

8. Executive Officer

Dan Omeniuk, CEO and Director, 778‐798‐GOLD

9. Date of Report

March 19, 2020

March 19, 2020

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1300 R edonda Str e et Winnipeg, MB R2C 3 T7

FOR IMMEDIATE RELEASE

MX Gold Corp. Announces Change in Directors

Vancouv e r, B.C. – MX Gold Corp. ( N EX: MXL.H) ( FSE: ODV) ( O TCQX: MXL G F) (the “ Company ”) announces that, eff e ctive March 15, 2020, C had Peters o n has resi g ned from his position a s director o f the Company. The Compa n y would lik e to thank Mr. Peterson for his service a nd dedicati o n to the Co m pany and its shareholders.

The Company is ple a sed to ann o unce the a p pointment o f Connor M acaulay as a director o f the Company effective M a rch 18, 2020 to fill the va c ancy create d by the resi g nation of Mr. Peterson.

On behalf of the Board of Directors,

“Dan Om e niuk”

For furth e r information, please contact

Dan Omeniuk, CEO

Email: dano@mxgol d corp.com Phone: 7 7 8‐798‐GOL D Or at: i n fo@mxgold c orp.com

Neither T SX Venture E xchange no r its Regulati o n Services P r ovider (as th a t term is de f ined in polici e s of the TSX Venture Exchange) a c cepts responsibility for th e adequacy o r accuracy o f this release.