To: Goose94 who wrote (8546 ) 5/26/2015 10:48:23 AM From: Goose94 Read Replies (1) | Respond to of 202784 First Mexican Gold (FMG-V) May 26, '15 The Company continues to search for the right partner to bring its Guadalupe project to production. A number of possibly partners are presently reviewing corporate documents under confidentiality agreements, and we hope to find a suitable go forward partner in the near future. Review previously released assay results to get a better understanding of production potential. FMG, on a best efforts basis, is arranging a non-brokered private placement of up to $350,000 at 3 cents per unit. Each unit consists of one common share and one whole non-transferable share purchase warrant, with each warrant being exercisable at a price of 5 cents per share for the first year, and 10 cents for the second year for a period of two years. Use of proceeds will be contingent on the gross amount of funds raised but various commitments have already been made: $40,000 to audit; $21,000 to property taxes; $35,000 to legal; $10,000 concession holder payments; $20,000 regulatory; $20,000 travel expenses; $15,000 administration; $30,000 consulting; $30,000 salaries; $50,000 working capital. Further expenditure is dependent on the total amount raised and for asset preservation. The private placement announced Sept 8, 2014 has been canceled. The issuance of the shares is subject to TSX Venture Exchange approval. The Company has entered into an agreement to issue 760,000 shares at a deemed price of $0.05 to settle further indebtedness of $38,000, representing unpaid consulting services, management and director fees to date. The issuance of shares is subject to TSX Venture Exchange approval. Jim Voisin, the CEO, President and a director of the Company will participate in the shares for debt by receiving, through his consulting company, 450,000 shares. Gregory Roberts is receiving 310,000 shares in lieu of debt through Advanced Healthcare Strategies Inc. The Company expects that the proposed debt settlements will help enable the Company to secure financing. Certain directors and officers of the Company may acquire securities under the private placement and the shares for debt. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization. First Mexican Gold Corp is an active explorer for precious metals in Mexico and controls a 100% interest in the Guadalupe property package with the intention of becoming an active producer. On behalf of the Board of Directors, Jim Voisin, President & CEO First Mexican Gold Corp. Jim Voisin President & CEO 519 699 5352 First Mexican Gold Corp. Vancouver Head Office #1000, 355 Burrard Street Vancouver, B.C. V6C 2G8 Canada 604 681 7265 www.fmgoldcorp.com