MX Gold Corp. — Share Issue/Capital Change 2020

Apr 29, 2020

April 28, 2020

FOR IMMEDIATE RELEASE

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

MX Gold Corp. Announces Share Consolidation

Vancouv e r, B.C. – MX Gold Corp. ( N EX: MXL.H) ( FSE: ODV) ( O TCQX: MXL G F) (the “ Company ”) announces that the board of directors approved a con s olidation of common s h ares (each, a “ Share ”) o f the Company on the basis of twenty (20) pre‐co n solidated S h ares for one (1) post consolidated Share (the “ Consolidation ”).

The Con s olidation w a s approved by shareh o lders at th e annual ge n eral and s p ecial meeting of sharehol d ers held on April 20, 2 0 20 and is s ubject to t h e approval of the TSX V enture Exc h ange (“ TSXV ”). No fractional Shares will be issued in connection with th e Consolidati o n with any such fractional Shares bein g rounded to the nearest whole num b er. Currentl y , a total of 285,447,252 S hares are issu e d and outs t anding. Accordingly, upon the Consolidation b e coming eff e ctive, a to t al of approximately 14,272 , 362 Shares w ill be issue d and outstanding. Ther e is no maxi m um of auth o rized Shares.

Compute r share Investor Services Inc. (“ Computershare ” ) will mail letters of t r ansmittal t o the sharehol d ers providi n g instructions on exch a nging pre‐ C onsolidatio n share cer t ificates for post‐ Consolid a tion share c e rtificates. S h areholders a re encourag e d to send t h eir share ce r tificates, to g ether with thei r letter of tr a nsmittal, to Computershare in accor d ance with the instructions in the let t er of transmitt a l.

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: 2 0 4‐697‐7640 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.