February 27, 2024 7:00 AM EST | Source: BMEX Gold Inc

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") announces very positive results from the summer 2023 reconnaissance geochemical soil program at Dunlop Bay, Quebec.

During the summer of 2023, BMEX commissioned a reconnaissance geochemical soil survey in conjunction with the 2023 successful trenching program (see BMEX release November 30, 2023). The purpose was to test the viability of using soil geochemistry to identify potentially mineralized zones to the SE of BMEX's extension of the Marcelle-Edith trend. The program was to test two different methods (Ionic Leach and Aqua Regia) and was executed along one known gold occurrence (Edith zone on the Western grid) and along the underexplore eastern side of the property (Figure 1).

Recent results from this survey has revealed a good correlation of Ionic Leach method to identify the known Edith zone (western grid on Figure 2). This method has also highlighted several other geochemically anomalous areas. Those anomalies seem to be linked together using lineaments from MAG/LIDAR combined product (see Figure 2), but infill soil survey is needed to confirm the model.

President Robert Pryde stated, "The combined use of LIDAR/Magnetics mapping and soil geochemistry to detect lineaments of interest, brings a whole new dimension to identifying mineralization within the Dunlop Bay Region and ultimately provides BMEX with rapid low-cost targeting to focus exploration dollars. With this data we have better precision to select drill targets with defined strike length and width estimates for the 2024 Exploration program."

Figure 1: Location of 2023 surface soil geochemistry grid along the know Edith zone (red square) and the eastern exploration grid (blue square).

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Figure 2: Ionic Leach soil survey interpolation and interpreted mineralized trends based on the MAG/LIDAR and field observations.

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Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed, and approved the geological information reported in this news release. The exploration and soil program was planned and supervised by Maxime Bouchard. The samples were analyzed by ALS Canada Ltd. using Ionic Leach Method (ME-MS23, pH-MS23 and OA-ELE07). The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly regarding historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares.
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares.

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.
Robert Pryde President and CEO
Tel: +1 (403) 478-6042
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-looking Statements

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199467

-Samples up to 25.60 g/t Au at Surface-

Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") announces results from a highly successful 2023 surface exploration program at Dunlop Bay, Quebec, with up to 25.6 g/t Au (grab sample) and three new gold zone discoveries that are open in all directions.

The 2023 summer and fall prospecting and trenching programs focused on testing structural and geological lineaments, newly interpreted from the combined Magnetic and Lidar ("MAG-LiDAR") vertical derivative maps. Amongst the nine trenches successfully reaching bedrock, five trenches were gold-bearing (Figure 1) and Table 1 for results.

• Highlight grab samples:
  • trench 14 returned up to 25.60 g/t Au,
  • trench NW2 up to 15.60 g/t Au,
  • trench 22 up to 10.45 g/t Au and,
  • trench B up to 2.69 g/t Au.

These new high-grade results are from areas with very limited assay data (Figure 1). Gold concentrations are controlled by NW-SE trending MAG-LiDAR lineaments (similar to the historical Marcelle, Edith, and Rolande veins). Detailed mapping of the trenches confirmed the coincidence of the gold-bearing structure and features identified by geophysics has revealed that these lineaments consist in barely deformed sulfide-rich (locally massive) intervals. The sulfide-rich gold bearing horizons are more deeply weathered due to the higher sulfide content than the surrounding lithological units, resulting in local low topography that produce the combined MAG-LiDAR anomalies.

• Trench 14 is also a totally new surface discovery. This MAG-LiDAR lineament contains the best results of the campaign (25.6 g/t Au). This new surface anomaly has a strike length of over 1 km that is untested. Again, the mineralization consists of thin semi-massive to massive sulfide (pyrite) layers.

• Trench NW2 is a new discovery made 400 metres northwest of the closest historical showing. It is widely mineralized and returned 12 values over 0.1 g/t Au out of 23 surface samples taken during the program on this trench. Those 12 gold bearing samples also delivered interesting silver values with a mean for those 12 samples at 15.53 g/t Ag and reaching up to 47.2 g/t Ag. Gold mineralization is associated with pyrite-arsenopyrite-rich basaltic and rhyolitic rocks. A significant iron oxide alteration and deep weathering was encountered in this trench. Accompanying this alteration, a few preserved semi-massive to massive sulfides samples were taken at the very edge of the outcropping surface (Figure 2). This indicates that the overburden-covered NW-SE depression might conceal a sulfide-rich area. This area located at the southwest margin of the trench is defined to be 2 to 2.5 metres thick. Additionally, a lithogeochemical analysis of the mineralization taken from felsic rocks encountered in trench NW2 revealed a multielement pattern similar to the felsic rocks seen at Dunlop Bay Ouest (see September 6, 2023 release and multielement diagram on Figure 2).

• Trenches 22 and B cross cuts the same lineament at two different locations which is barely explored northwestward and southeastward.

Finally, Au concentrations from the 2023 field campaign are significantly correlated to Bi (Table 1 and Figure 2), Ag, and at a lesser extent, to As-Cu. Such metallic associations were previously documented by BMEX at Dunlop Bay Ouest and interpreted as a contribution from intrusion-related fluids to the mineralizing events. Those elements in correlation with gold will be used by the company as a pathfinder in the interpretation of this summer's soil programs.

Figure 1 : Summer and fall 2023 surface gold assay results.

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Robert Pryde, President and CEO of BMEX Gold stated: "The goal of this year's surface program was to find new gold-rich zones and to link these to the existing historical occurrences, both of which were accomplished. Our exploration strategy and especially the use of MAG/ LiDAR surveys in this region has proved to be remarkably efficient at identifying the traps for gold-rich mineralization at Dunlop Bay. We now have an additional 1 km long prospective lineament with trench 14. Based on the elemental associations, our confidence is increasing that the Dunlop Bay intrusion is playing a significant role in gold and copper endowment. The identification of similar geological, lithogeochemical signatures and metallic associations between Dunlop Bay Ouest and trench NW2 mineralization is a huge advancement. Indeed, we are starting to consider these two assets as one, resulting from the same mineralizing event. We are excited to drill test below trenches NW2 and 14 notably, to potentially find further gold-rich sulfide lenses."

Table 1 : Fall 2023 surface results for Au > 0.1 g/t

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Figure 2 : Trench NW2 results and interpretations

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Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed, and approved the geological information reported in this news release. The exploration and quality control program were planned and supervised by Maxime Bouchard. The quality assurance and quality control protocol include insertion of one blank and one standard for every 50 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares.
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares.

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.
Robert Pryde President and CEO
Tel: +1 (403) 478-6042
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-looking statements

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189335

Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce its fall exploration program at Dunlop Bay, contingent upon the closing of its $1,000,000 financing announced on August 29, 2023.

Following a successful summer exploration program that tested the gold vein system at Dunlop Bay, BMEX intends to drill approximately 4,000 m into its VMS targets at both Dunlop Bay Ouest (DBO) and Dunlop Bay Nord (DBN). At DBO, a strong Cu-Au-Mo correlation is observed in assays from sulfide-rich rocks, which are typical of partially magmatic-derived fluids. The intrusion is already known to be widely mineralized by Au-bearing quartz-carbonate-pyrite vein swarms. As a result of extensive data integration and subsequent interpretation, BMEX's technical team has proposed a revised model for precious metal rich massive sulfides at DBO. The team recognized Dunlop Bay's geology, stratigraphy, and rock geochemistry were similar to three prolific regions in the area. As a reminder, BMEX drill hole BD-22-02 intersected over seven meters of combined massive sulfides and massive magnetite, see Figure 1 and October 25, 2022 news release.

• Whole rock analysis made on DBO drill holes confirm the presence and continuity of a calco-alkaline felsic unit along DBO mineralized horizon. Geochemical signatures of this rocks shows analogous pattern to other known felsic rocks hosting gold-rich VMS like LaRonde (Bousquet mining camp, Mercier-Langevin, 2007). The multielement diagram and mapping of DBO felsic unit are presented in Figure 2.
• In addition, the B26-Brouillan deposit, owned by Soquem Inc., located 100 km directly west of DBO and 8 km from the former Selbaie Mine, shows rhyolites with similar geochemistry (Fayard, 2020) to the felsic rocks from DBO. The indicated resource at B26 Brouillan totals 6.97 Mt at 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag. The inferred resource totals 4.41 Mt at 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag (SOQUEM, press release, March 4, 2018).
• The Daniel-25 (GM 70611) zone identified by Glencore lies 30 km west of Dunlop Bay and also bears a similar geochemical signature host rock to DBO. The area has been known to be the host of massive sulfides for at least a decade. Originally, exploration of this area intersected several barren massive sulfides before discovering the Zn-Cu-Au-Ag rich lens discovery in 2015. The best results from drilling between 2015 and 2017 included 4.69% Zn, 0.67% Cu, 0.137 g/t Au and 9.8 g/t Ag over 7.65 m (DAN-15-25); 3.05% Zn, 4.51% Cu, 0.33 g/t Au and 31.79 g/t Ag over 8 m (DAN-15-27); 5.74% Zn, 2.37% Cu, 0.37 g/t Au and 22.85 g/t Ag over 10.3 m (DAN-16-36); 2.88% Cu over 3.2 m and 10.19% Zn over 2 m, as well as 160.1 g/t Ag over 1 m (DAN-16-54).

"We are very intrigued by the newly evolved model for the Dunlop Bay Ouest-Nord asset, and we believe this upcoming drill program will prove to be very significant," said Robert Pryde, President and CEO of BMEX Gold. "Previous drilling by BMEX had targeted typical Matagami zinc-rich VMS style mineralization. The drill program will use our new geological interpretation to better target the fall 2023 drilling. At the same time we look forward to seeing the results from our summer 2023 trenching program on the gold vein targets at the Dunlop Bay s.s. Marcelle-Rolande-Edith gold-bearing trend."

Figure 1 - Drill core from the Dunlop Bay 2022 drill program showing stringers and massive sulfide mineralization in Holes BD-22-01 and BD22-02.

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Figure 2 - Felsic Rocks from Dunlop Bay Figure A show analogue multi-element signature to the felsic rocks at the LaRonde Mine Figure B.

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The upcoming 4,000 m drill program will be comprised of eight holes testing VMS targets at both the Dunlop Bay Ouest and Dunlop Bay Nord (see Figure 3 and 4).

Dunlop Bay Ouest (DBO)

• Target #1 focuses on the center of an untested punctual high-MAG located along the main EM conductor. The edge of this high-MAG returned more than 7 m of combined massive sulfides and massive magnetite hosted in the favorable felsic horizon. The proposed drill hole targets are 100 m step-out from previously drilled DDH GC-91-15 in which a large off-hole conductor was identified during a recent Bore Hole Electro Magnetic (BHEM) survey.
• Target #2 aims at intersecting Cu-Au-Mo rich sulfide mineralization along the conductor within the intrusion.
• Target #3 aims at punctual high-MAG within the intrusion boundary, close to where historical DDHs 1300-N1 and 1300-N2 intersected over 30 gold-bearing veins and veinlets across 50 m of the intrusion. Target #3 will also test the fold hinge within the volcanics just west of the high-MAG.
• Target #4 will test the border between the DBO and the Southern domain, in which high-grade Au veins strikes at a N110 bearing (Marcelle, Rolande, etc.).
• Target #5 will test the conductive southern limb of the DBO, this is a favorable horizon where strong Hashimoto alteration index are observed.

Dunlop Bay Nord (DBN)

• Targets #6, #7 and #8 are aimed at testing the lateral and vertical continuity of known Au-Zn sulfide mineralization.

Figure 3 - Dunlop Bay Ouest & Dunlop Bay Nord 2023 drill targets.

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Figure 4 - Dunlop Bay Ouest & Dunlop Bay Nord 2023 drill targets.

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Marcelle-Rolande-Edith Gold-Bearing Trend Update

During the summer of 2023, the Company assessed several highly prospective gold bearing vein trends within the Marcelle-Rolande-Edith trend. Seven high priority targets were identified, from which five were trenched to date of which three successfully reached bedrock. Trenching assay results are pending. A second phase of trenching is planned prior to winter 2023.

In respect of the Company's previously announced offering of up to 5,000,000 units at $0.04 per Unit for gross proceeds of up to $200,000 (the "Offering"), the Company confirms that no funds from the Offering will be used for payments to non-arm's length persons (other than normal course payments to officers of the Company), and no funds from the Offering will be used for payments to persons conducting Investor Relations Activities.

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed, and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares.
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares.

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.
Robert Pryde President and CEO
Tel: +1 (403) 478-6042
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-looking statements

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179685

Vancouver, British Columbia--(Newsfile Corp. - July 27, 2023) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the commencement of the 2023 Summer Exploration program at Dunlop Bay s.s. Marcelle-Rolande-Edith gold-bearing trend.

Geological Field crews are now engaged in assessing several highly prospective gold bearing vein trends within the Marcelle-Rolande-Edith gold-bearing trend. The areas have been identified through the integration of previous exploration field work, sampling, and drilling results from the previous BMEX 2022 program. The use of high-resolution LIDAR and high-resolution drone airborne magnetics has also played a very significant role in identifying these prospective regions of the Marcelle-Rolande-Edith site (see BMEX press releases August 18, 2022, October 25, 2022, and February 9, 2023)The resulting interpretation of these integrated datasets has identified several targets from which seven high priority areas were selected to achieve this year's trenching program. This program is focused on the known gold-bearing region of the Marcelle-Rolande-Edith trend and in direct vicinity (see Figure 1).

Figure 1: Dunlop Bay - 2023 Summer - Planned Work

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Expression of known gold mineralization lineaments at N110-130 recognizable in Figure 2 below, are in accordance with the structural trends observed in the field during the 2022 program. These lineaments are the main targets of this year's trenching program and will provide guidance to the geological prospecting teams in an effort to extend the trend.

Figure 2: A) Summer zone of work with MAG-LIDAR; B) 2023. This summer’s zone of work on shaded LIDAR with trench locations, known zones, DDH traces with gold intersections and surface grab samples from prospecting.

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Robert Pryde, President of BMEX Gold, stated: "The launch of our 2023 Summer Exploration program at Dunlop Bay's Marcelle-Rolande-Edith gold-bearing trend is an exciting opportunity for BMEX Our dedicated Geological Field crews are diligently assessing multiple highly prospective gold-bearing vein trends, building upon the valuable insights gained from our previous BMEX 2022 program. Results from the Dunlop Bay s.s. program are expected in mid-October."

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed, and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares.
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares.

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:
BMEX Gold Inc.
Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-looking statements

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175096

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the results of its 2022 drilling program which represented 3,013 m drilled amongst 14 surveys. Gold values were obtained in almost every drill hole, with 15.20 g/t Au over 0.70 m intersected in Hole BD-22-07 targeting the Marcelle vein. In addition, a new gold zone was discovered with Hole BD-22-09 which intersected multiple gold-rich intervals in a previously undrilled area west of the Edith vein. Results from Hole BD-22-09 included 1.24 g/t Au over 0.60 m, 2.17 g/t Au over 0.50 m and 3.65 g/t Au over 0.50 m.

Figure 1 shows the position of the 2022 drill holes and Table 1 lists the best results from the campaign. Table 2 details the drill hole collar information. The 2022 drilling program on the Dunlop Bay property was initiated to: 1) test the surface results of the summer field campaign to test the potential continuity of the Marcelle-Rolande-Edith Gold corridor and 2) target the conductive plates from the ground EM survey at Dunlop Bay Ouest VMS area.

In the Marcelle-Rolande-Edith Gold Corridor, the heart of the Marcelle vein returned the best intercept of the campaign (BD-22-07) at a position consistent with the 3D understanding of the vein system. Hole BD-22-08 also extended the gold halo around Marcelle by 50 m southward. Hole BD-22-09 intersected a new area of gold mineralization west of the Edith vein which represents a new discovery and a major advancement for the property. Finally, the Bella vein trend was also extended by 260 m northwestward with anomalous gold intersected in Hole BD-22-11.

The Dunlop Bay Ouest area drilling confirmed the potential for both base and precious metals endowment on the volcanogenic system identified during the summer 2022 field program. Hole BD-22-06 returned up to 1.02% Zn over 1.50 m and Hole BD-22-01 reported 1.06 g/t Au over 0.50 m and 1.32% Cu over 0.50 m. The conductive plates form a 900 m strike footprint, of which the western half is barely explored. Some of the largest EM plates were not tested by the 2022 drilling and comprise future drill targets. With these results BMEX is considering performing BHEM surveys to track the continuity of the system at depth and laterally.

Robert Pryde, President of BMEX Gold, stated: "First, I am pleased to see that almost every drill hole, both on Dunlop Bay Ouest and Dunlop Bay sensu stricto intersected anomalous to high grade gold values. Regarding the Marcelle-Rolande-Edith corridor, last year's data compilation led to the interpretation of a gold trend containing the historically defined veins at surface (Figure 1). Our drilling in 2022 has proven the continuity of Bella veins westward and a new gold discovery in Hole BD-22-09. This new zone opens fertile ground which strikes about 600 m between known veins at surface and includes the gold grades from Hole BD-22-10. We are planning to further refine and extend the gold-bearing zones at surface with an extensive stripping campaign at Marcelle-Rolande-Edith. An additional objective of stripping is to acquire detailed and statistical structural data on the veins systems to identify potential shoot directions and help in designing a later phase 2 drilling program."

Figure 1: 2022 drilling results map

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Table 1: 2022 drilling results

Zone	Survey	From (m)	To (m)	Core length (m)	Au (g/t)	Ag (g/t)	Zn (%)	Cu (%)
Dunlop Bay Ouest (VMS Target)	BD-22-01	185.70	186.20	0.50	0.56	4.20	0.02	0.44
	And	223.50	224.00	0.50	0.93	10.80	0.03	1.32
	And	237.50	238.00	0.50	1.06	4.70	0.07	0.05
	BD-22-02	114.00	121.00	7.00	0.00	0.30	0.29	0.00
	BD-22-03	248.40	249.90	1.50	0.22	1.60	0.02	0.02
	BD-22-04	10.50	11.40	0.90	0.40	0.80	0.01	0.02
	And	143.40	145.00	1.60	0.17	2.95	0.02	0.02
	BD-22-05	80.00	80.50	0.50	0.46	3.40	0.01	0.01
	And	337.00	338.50	1.50	0.30	0.60	0.01	0.00
	BD-22-06	162.00	163.50	1.50	0.02	7.30	1.02	0.03
Dunlop Bay s.s (Marcelle-Rolande-Edith Gold Corridor)	BD-22-07	54.90	55.60	0.70	15.20	3.70	0.01	0.05
	BD-22-08	9.00	9.50	0.50	0.61	1.70	0.01	0.04
	And	39.70	40.20	0.50	0.76	0.70	0.02	0.01
	BD-22-09	48.30	48.80	0.50	0.22	0.80	0.01	0.03
	And	51.50	52.00	0.50	0.25	0.50	0.01	0.02
	And	73.30	73.80	0.50	0.21	0.90	0.01	0.02
	And	170.00	170.60	0.60	1.24	3.90	0.01	0.03
	And	200.90	201.40	0.50	2.17	1.30	0.01	0.01
	And	220.50	222.00	1.50	0.83	0.80	0.01	0.01
	And	230.80	231.30	0.50	0.55	1.60	0.02	0.01
	And	245.80	246.30	0.50	0.17	0.25	0.02	0.01
	And	248.50	249.00	0.50	3.65	0.90	0.02	0.04
	BD-22-10	54.10	54.75	0.65	0.59	0.00	0.00	0.00
	And	279.95	280.95	1.00	0.13	0.25	0.01	0.01
	BD-22-11	54.45	55.30	0.85	0.22	0.70	0.01	0.04
	And	58.65	59.70	1.05	0.32	0.25	0.02	0.01
	BD-22-12	57.10	57.90	0.80	0.43	0.50	0.01	0.02
	And	90.50	91.15	0.65	0.16	0.25	0.04	0.02
	And	99.95	100.90	0.95	0.19	0.25	0.01	0.01
	BD-22-14	66.00	66.65	0.65	0.32	0.70	0.01	0.01

 

Table 2: 2022 drilling collar information

Survey	Azimuth	Dip	Length (m)	UTM E	UTM N	Elevation
BD-22-01	180	-45	303	314813	5522811	275
BD-22-02	300	-45	186	314607	5522478	272
BD-22-03	320	-60	402	314637	5522404	270
BD-22-04	280	45	225	314589	5522325	287
BD-22-05	270	-50	351	314637	5522278	297
BD-22-06	280	-45	213	314618	5522185	295
BD-22-07	210	-45	171	314654	5521137	259
BD-22-08	210	-45	102	314629	5521068	270
BD-22-09	210	-45	276	315029	5520805	308
BD-22-10	210	-45	282	315232	5520657	266
BD-22-11	210	-45	97	315334	5520838	277
BD-22-12	225	-50	183	315027	5520808	306
BD-22-13	210	-45	108	315534	5520730	305
BD-22-14	210	-45	114	315580	5520705	299

 

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154140

Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to discuss the visual results of the first two holes drilled into the geophysical anomaly on Dunlop Bay Ouest. Both holes have intersected massive sulphides. The first hole (BD-22-01) was drilled to test the interpreted plate below the known plate in the heart of the known Dunlop Bay Ouest showing (Figure 1). Hole BD-22-01 intersected a 7.00-metre (m) stringer (STR) zone composed of Pyrite (PY), Pyrrhotite (PO), trace Chalcopyrite (CP) and trace Galena (GN) followed by semi-massive Pyrite-Pyrrhotite-1% Chalcopyrite over 1.00 m. This intersection extends the mineralization plan of the Dunlop Bay Ouest historical showing 100 m (Figure 2) downdip.

The second hole targeted a new plate and represents a new discovery of 3.85 m of massive sulfides composed of pyrrhotite, pyrite and traces of chalcopyrite and traces of sphalerite (Figure 3). BD-22-02 encountered one of the most conductive electromagnetic (EM) plates at Dunlop Bay Ouest. The massive sulfide lens from hole BD-22-02 overlies 3.60 m of massive magnetite (MT) itself overlying on a package of felsic rocks. A stringer zone (Figure 3) of 5.85 m of Pyrite-Pyrrhotite-Magnetite and traces to 1% Chalcopyrite crosscutting the felsic unit was also observed underneath the massive magnetite. Hole BD-22-02 tested EM anomaly #2 on one related 1000 Siemens plate (Figures 2 and 3). The new discovery is 220 m north of historical hole ME-8, which returned 6.84 g/t Au over 1.50 m on the very edge of another 1000 Siemens plate (EM anomaly #1a, Figure 3). Assay results are pending.

Robert Pryde, President of BMEX Gold, stated: "I am very pleased that the geological mapping, prospecting and EM surveys conducted over Dunlop Bay have been corroborated with the visuals in the core. This gives us confidence in our targeting tools and bodes well for future exploration by confirming the potential of the 900 m long EM anomaly. Second, it is important to point out that the geology of this anomaly is very favourable as the massive sulphides are sitting on a felsic package which is the typical geological setting of many VMS mines in Matagami area and elsewhere. Third, the gold in the historical hole ME-8, located 220 m to the south, is associate with both Pyrite-Pyrrhotite and Chalcopyrite stringer and lies on the outer edge of another 1000 Siemens EM anomaly. We are already planning to conduct BHEM surveys in the 2022 DDH holes to further investigate with precision the extent of the newly discovered bodies. I look forward to receiving and reporting the assay results from our maiden drill program at Dunlop Bay."

Pryde continued, "While the focus of the first half of the drill program has been on this exciting VMS target, the balance of the program will test the two kilometric gold systems just to the south. Dunlop Bay offers both gold and VMS potential and I am hopeful that the second half of the program will be as fruitful as the first."

Figure 1: Dunlop Bay Ouest EM anomalies and first 2022 drilling intersections

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Figure 2: Dunlop Bay Ouest long section view

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Figure 3: BD-22-01 and BD-22-02 mineralization intercepts

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Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141813

Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce multiple high-grade gold results from the field campaign at Dunlop Bay and the start of a 3,000 m drilling program and a follow-up geological mapping, sampling and prospecting program.

The summer 2022 program at Dunlop Bay returned numerous high-grade gold sample results. Of the 96 grab samples taken during program:

• One (1) sample returned 300.00 g/t Au;
• Four (4) samples returned greater than 100.00 g/t Au;
• Fourteen (14) samples contained more than 10.00 g/t Au and;
• Twenty-five (25) samples contained over 1.00 g/t Au (see Table 1 for full results).

These samples were taken from outcropping surfaces and come from three now well-defined gold-rich zones. These three main assets are: the Marcelle-Rolande-Edith veins trend, the Omala-Bella-Lun-Echo trend and the Dunlop Bay-Ouest showing (see Figure 1).

  
Figure 1: Dunlop Bay map with updated prospection results and historical drilling results.
 
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In addition to the gold rich assays, the field campaign also significantly improved the confidence in the historical drill results and other geological data. Several historical drill casings were surveyed, and the data is now included in a more robust and complete drilling database. As shown on Figure 1, the Dunlop Bay showing now clearly consist of a N120 trending corridor linking Marcelle, Rolande and Edith veins. This corridor direction is consistent with the structural analysis performed during the field campaign. The Figure 2 long section between Rollande and Marcelle veins highlights several hundred meters between high grade gold results that remains untested. A similar trend has also been interpreted between the Bella and Omala veins, which is also barely tested by drilling. Both N120 gold corridors extend for a kilometer each representing large targets for the current drill program.

 
Figure 2: Marcelle-Rolande-Edith historical drilling long section view. Gold results are filtered over 1 g/t.
 
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Sample ID	UTM East	UTM North	Au (g/t)	Ag (g/t)
E436543	315147	5520683	300.00	129.00
E436540	315147	5520683	230.00	231.00
E436544	315145	5520688	218.00	150.00
E436524	314641	5521090	119.50	5.30
E436548	315140	5520687	51.70	39.40
E436549	315140	5520687	40.00	23.00
E436675	315527	5520689	33.70	31.90
E436672	315527	5520689	20.00	28.30
E436525	314643	5521089	17.90	12.70
E436676	315527	5520689	15.40	19.70
E436503	315560	5520673	12.45	21.20
E436538	315161	5520673	12.35	16.40
E436545	315145	5520688	11.75	35.40
E436537	315165	5520668	10.30	14.00
E436541	315147	5520683	9.77	24.40
E436539	315161	5520673	9.26	7.30
E436509	316381	5520109	7.41	11.50
E436526	314642	5521090	4.60	1.20
E436510	316365	5520113	4.57	6.90
E436527	314642	5521090	4.15	1.00
E436673	315527	5520689	3.30	2.60
E436674	315527	5520689	2.50	3.80
E436536	315165	5520668	2.36	8.00
E436547	315145	5520688	1.13	2.60
E436752	314893	5522528	1.04	7.00
E436501	315571	5520672	0.63	3.40
E436502	315563	5520670	0.59	0.70
E436668	314711	5520795	0.51	8.40

 

Table 1: Summer 2022 prospection results over 0.5 g/t Au

On the Dunlop Bay-Ouest showing, an extended ground EM (electromagnetic) survey was successfully extended southward during this past summer. The survey has led to the discovery of many new conductive anomalies. These new EM plates align along an anomalously conductive trend striking North-South and extending for over 900 metres. The EM anomalies are already known to be locally gold-bearing with historical intersection going up to 6.84 g/t Au over 1.50 m (DDH ME-8, GM05804, Figure 1). This historical grade is associated with sulphide stringers and is located on the very edge of one of the many new conductive plates identified from the ground EM survey and new interpretation.

Robert Pryde, President of BMEX Gold, stated: "The integrated exploration strategy defined earlier this year is paying off and I am thrilled by the size and tenure of our gold and VMS targets. With the work completed this summer, we have now defined two well controlled gold bearing corridors of kilometric order. The Dunlop Bay showing was until now, thought to be a scattered gold halo. At the same time, we have very encouraging results from a ground EM survey on Dunlop Bay Ouest / Guislau area. This is a good indicator of a VMS style of mineralization and the EM anomaly is now extending on more than 900 m of strike. This new electromagnetic survey and interpretation permitted BMEX to highlight yet undrilled plates of conductance going up to 1,000 siemens. A second phase of geological field work and prospecting is currently underway to further enhance the geological and assay data available on this sector and the rest of the property. Obviously, the Dunlop Bay Ouest showing, the Marcelle-Rolande-Edith and Bella-Omala trends will be priority targets of a 3,000 m drilling program starting this week."

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140699

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) -  BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce an exploration update on a recently completed field program on the Dunlop Bay Property ('Dunlop Bay" or the "Property") in the Abitibi region, Québec, Canada (Figure 1). The program is designed to: 1) validate presence and location of historical mineralization; 2) enhance the understanding of the various structural and geological controls to help design this fall's drilling program; 3) find the continuity of existing mineralization and; 4) discovery of new showings.

Figure 1: Geological map of the Dunlop Bay Property and location of historical gold showing validated during the 2022 field program.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5785/134106_ca48251a44e9b8c9_001full.jpg

Robert Pryde, President and CEO of BMEX Gold commented, "I am very pleased with the quality of work to date on the Dunlop Bay project. We combed through a lot of data to identify the best gold and VMS exploration opportunities on this project and our field program has validated our analysis. We have identified the mineralized veins as well as historical drill hole collars and what we are seeing exceeded our expectations and gives us added confidence in our upcoming drill program."

Previous data compilation on Dunlop Bay showing had identified high grade surface gold mineralization including the Bella (historical grab samples returned up to 273.71 g/t Au, GM 16102) and Omela veins (historical grab samples returned up to 14.46 g/t Au, GM 16102). To date, the team has identified and validated the location of most of the mineralisation highlighted in the compilation of historical work including the Bella, Omela, Edith, Rollande, Venus and Galena veins (Figures 1 and 2). Several samples were taken on each mineralized zone and results are pending from ALS Laboratory. These veins are hosted along a WNW-trending corridor forming an approximately 2 km long highly prospective horizon for mineralization. The summer field work suggests that the structures encountered continues Eastward of the Dunlop Bay showing with a possible untested link between Bella and Omala veins (Figure 1).

Figure 2: Photographs of the historical gold showing observed in the field.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5785/134106_ca48251a44e9b8c9_002full.jpg

Field reconnaissance made on Dunlop Bay West showing (or Ghislau) and on westward extension along the ground Electro Magnetic (EM) survey grid led to the identification of anomalously pyritized (10-25% pyrite and minor chalcopyrite) intermediate to felsic lavas located in the environment of the detected EM anomalies 1, 2 and 3 (Figure 3). The historical Ghislau showing was found slightly south of EM Anomaly 3, and is composed of a 2 to 3 metres thick horizon oriented N300/65 of silicified intermediate to felsic rock overlaying between two flows of hyaloclastic to flow brecciated basalts (Figure 4). Orientation and dip of the anomalous pyrite-rich horizon show that it could be related with conductor Anomaly 3 at depth. The Ghislau showing confirms the sulfides-rich mineralization style and the high potential of lateral continuity along the WSW trend provided by EM anomalies 1 and 2.

Figure 3: Ground EM survey of the Dunlop Bay Ouest Showing area with 2022 outcrops location.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/5785/134106_ca48251a44e9b8c9_003full.jpg

Figure 4: Ghislau showing hosted in intermediate to felsic volcanic sequence. Mineralization is associated with metric sulfides horizon (pyrite+chalcopyrite).

To view an enhanced version of FIgure 4, please visit:
https://images.newsfilecorp.com/files/5785/134106_ca48251a44e9b8c9_004full.jpg

Prospection made on EM Anomaly 1 and 2 led to the observation of a felsic rocks package of over 200 metres associated with an anomalous pyritization background (5 to 15%) and local sulfide stringers (Figure 3). This area is clearly affected by hydrothermal fluids and suitable for Ghislau mineralized extension. The Company is now working on defining an extended ground EM survey south-west of this spring grid to refine information on Anomaly 1 and to provide further information on these trends prior to the fall drill program.

Historical drill collars have also been identified on Dunlop Bay allowing for more precision on the upcoming diamond drill program.

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134106

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the final interpretation of a ground EM survey (Fixed Loop Transient Electro-Magnetic survey or FL-TDEM) performed over the Dunlop Bay Property ('Dunlop Bay" or the "Property") in the Abitibi region, Québec, Canada. This survey aimed to define drilling targets in the vicinity of the Dunlop Bay Ouest showing (also known as Ghislau showing). Three conductivity anomalies (ANO1, ANO2 and ANO3) were identified, forming an East-North-East trending conductive corridor (Figure 1).

Robert Pryde, President of BMEX Gold, commented: "The results from the FL-TDEM survey are very encouraging as they suggest the continuity of the known Dunlop Bay Ouest showing westward. Amongst the three anomalies, ANO1 and ANO2 are strong from early to late time channels and have modelled plates with high conductance which might reflect the presence of massive sulphide bodies. Also, ANO1 was never tested by drilling. I am pleased to announce that this zone will be further investigated during our field program starting in the next few weeks. In addition to these areas, our previous data compilation and analysis of historical work has identified several high-grade gold targets as well as gold rich massive sulphide targets on the Dunlop Property."

Figure 1 : 2022 ground EM anomalies over Dunlop Bay Ouest showing and summer 2022 field focus

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5785/130165_20e52432642eaa61_001full.jpg

The Company has engaged Laurentia Exploration to complete a field program over Dunlop Bay Property. This program will be starting in July, aiming to 1) find the continuity of existing mineralization, 2) enhance the understanding of the various structural and geological controls over the known occurrences and 3) discover new showings. Recent data compilation work has defined several structural trends related to the known Dunlop Bay showing, that need to be confirmed on the field.

The field program will focus on confirming, locating and understanding the systems in order to generate drill targets that will be tested by a 3,000 meters program scheduled for Fall 2022 (see April 26th news release). Data compilation to date also identified high grade surface gold mineralization including the Bella (historical grab samples returned up to 273.71 g/t Au) and Omela veins (historical grab samples returned up to 14.48 g/t Au) (Figure 1, GM16102). Minimal historical work has been completed on these targets and they have not been drilled.

In addition, the Mont Laurier Est showing extension on BMEX ground will also be investigated during this field work season. Indeed, a recent re-interpretation of historical prospection maps and recent detailed imagery has revealed that Cu-Au-Ag rich massive sulphides can be found in this area. Finally, systematic outcrop description and mineralization sampling will be undertaken on the rest of the property, and especially around the Baie Dunlop showing to confirm the above-mentioned structural model.

The King Tut Project also received an adjusted geological and structural interpretation (Figure 2), based on the late 2021 drilling campaign (see April 26th news release) and the detailed drone-born magnetic data. A major fold hinge seems to control the location of the heart of Tut gold system; this hinge has not been drilled to the west of the known showing. Several other potential fold axis' were also interpreted on King Tut Project. Confirming these structural theories will require follow up field work, to begin late this summer.

Figure 2 : King Tut adjusted geological and structural interpretation

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5785/130165_20e52432642eaa61_002full.jpg

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on their 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130165

Vancouver, British Columbia--(Newsfile Corp. - April 26, 2022) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce the results of its Fall 2021 drilling campaign at King Tut Gold Project ('King Tut" or the "Project") in the Abitibi region, Québec, Canada. Significant grades include 7.07 g/t Au over 1.00 m from drill hole TUT-21-032 in a newly discovered gold zone (the Luxor Gold Zone) and 7.61 g/t g/t Au over 0.75 m within the known mineralized area from drill hole TUT-21-023. All assays from the Fall 2021 drill campaign at King Tut have been received and reported. Figure 1 shows the location of the discussed drill holes with their significant intersects. Composited gold grades are resumed in Table 1. Collar coordinates and drill holes information are listed in Table 2.

TUT-21-032, which returned the above-mentioned promising grades of the campaign, is located 700 m South-West from the King Tut showing, along the Main King Tut trend (Figure 1). This drill hole is isolated and thus defines a new gold zone (Luxor Zone) on its own. Gold in TUT-21-032 is associated to a silicified tourmaline-carbonate-pyrite brecciated zone which marks the contact between relatively ductile tuffs and more competent andesite unit (Figure 2). Fall 2021 drill holes in the heart of the known King Tut showing delivered several similar gold-bearing geological conditions to TUT-21-032. Every drill hole along the Main King Tut Trend intersected evidence of an intense deformation corridor: intensely sheared zones, complex folding of S1 and pervasive sericite-carbonate-silica alterations. As shown on Figure 1, TUT-21-032 also cuts a West-South-West lineament interpreted from the magnetic susceptibility maps. Hence, this drill hole, being isolated but potentially cross-cutting two major structures and exhibiting typical gold-bearing hydrothermal mineralization known in greenstone belts, represents a highly prospective discovery for the Company.

Figure 1 : Fall 2021 drill holes and significant assays results

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_001full.jpg

Figure 2 : TUT-21-032 intersection

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_002full.jpg

In addition to TUT-21-032's Luxor zone, gold grades were also found in TUT-21-030 which targeted the Audet-Ouest showing vicinity. TUT-21-030 intercepted 1.68 g/t Au over 1.50 m and 0.32 g/t Au over 7.50 m at 150 m East of the known surface occurrences from Audet-Ouest showing. These intersections and the historical surface gold values from the showing are aligned along a West-South-West lineament interpreted from the magnetic susceptibility maps (Figure 1). This lineament, from now mentioned as the Audet-Ouest trend, is unexplored and TUT-21-030 gold grades are the first drilling results over it. The rest of the Fall 2021 drilling results are located within the known King Tut showing.

Drill hole	From (m)	To (m)	Core length (m)	Au (g/t)	Ag (g/t)	GxT
TUT-21-032	56.50	57.50	1.00	7.07	0.80	7.07
	88.00	89.00	1.00	0.40	0.10	0.40
	61.50	64.50	3.00	0.30	0.10	0.90
TUT-21-023	102.55	103.30	0.75	7.61	0.50	5.71
	63.00	66.00	3.00	0.82	0.20	2.45
	127.50	137.00	9.50	0.50	0.12	4.78
Including	127.50	130.10	2.60	0.93	0.12	2.42
TUT-21-021	41.00	45.00	4.00	0.99	0.22	3.95
	52.50	53.80	1.30	1.21	0.10	1.57
TUT-21-033	116.00	121.00	5.00	0.64	0.24	3.18
TUT-21-024	382.40	383.90	1.50	1.86	0.40	2.79
	240.00	243.00	3.00	0.33	0.15	1.00
	154.30	155.80	1.50	0.58	0.30	0.87
	247.00	249.00	2.00	0.40	0.27	0.80
TUT-21-030	192.00	193.50	1.50	1.68	0.20	2.51
	147.00	154.50	7.50	0.32	0.04	2.41
	95.00	96.00	1.00	0.49	0.30	0.49
TUT-21-031	69.50	78.20	8.70	0.24	0.16	2.05
TUT-21-022	80.20	89.05	8.85	0.28	0.16	2.46
Including	80.20	85.50	5.30	0.42	0.19	2.22
Including	82.70	85.50	2.80	0.63	0.19	1.77
TUT-21-029	238.30	238.80	0.50	3.56	0.30	1.78
	43.45	47.60	4.15	0.29	0.11	1.20
	211.10	213.50	2.40	0.34	0.10	0.82
	241.20	243.00	1.80	0.28	0.16	0.51
TUT-21-027	33.50	38.00	4.50	0.35	0.14	1.56
	58.95	61.00	2.05	0.31	0.10	0.63

 

Table 1 : Fall 2021 drilling results

Drill hole	Azimut	Dip	Final length (m)	UTM NAD83 EAST	UTM NAD83 NORTH	Elevation
TUT-21-020	145	-45	171	680206	5427223	321
TUT-21-021	145	-45	175	679599	5426879	321
TUT-21-022	145	-45	144	679912	5427035	321
TUT-21-023	145	-45	113	680225	5427191	321
TUT-21-024	145	-45	82	680539	5427347	321
TUT-21-025	145	-45	51	680852	5427502	321
TUT-21-026	145	-45	20	681166	5427658	321
TUT-21-027	145	-45	-11	681479	5427814	321
TUT-21-028	145	-45	-42	681793	5427970	321
TUT-21-029	145	-45	-73	682106	5428126	321
TUT-21-030	145	-45	-104	682419	5428281	321
TUT-21-031	145	-45	-135	682733	5428437	321
TUT-21-032	145	-45	-166	683046	5428593	321
TUT-21-033	145	-45	-197	683360	5428749	321
TUT-21-034	145	-45	-228	683673	5428905	321
TUT-21-035	145	-45	-259	683986	5429061	321
TUT-21-036	145	-45	-290	684300	5429216	321

 

Table 2 : Fall 2021 drill holes information

Robert Pryde, President of BMEX Gold, commented: "Overall, the results from the Fall 2021 drilling campaign are promising especially when one considers the Luxor gold zone is a new gold discovery on the property and the geology of this zone warrants follow up work. Each of the holes in the 2021 drill campaign at King Tut intersected gold values which is a very important indication of the potential for a regional scale system on the property and demonstrates potential for additional gold discoveries. Our technical team is building a strong understanding of the gold occurrence and emplacement over the known and newly discovered assets at King Tut. Accordingly, we are going back to King Tut in 2022, starting with a field prospecting and mapping survey during Summer followed by a drilling campaign during Fall 2022. We also intend to launch an exploration program on the Dunlop Bay Property this year."

Following the compilation work over the Dunlop Bay Property (Mattagami region, Quebec, Canada) the BMEX technical team has identified several base and precious metal trends that are summarized in (Figure 3).

The Dunlop Bay exploration program started in April with a surface MAG-EM survey over Dunlop Bay-Ouest and interpretation. Surface prospecting, mapping and sampling is planned over the balance of the property during summer 2022, with a focus on the 'Baie Dunlop' showing and 'Mont Laurier Est' extension. The results from these two steps will be used to target a 3,000 metres drilling campaign that is planned for Fall 2022.

Figure 3 : Dunlop Bay Property 2022 prospecting and mapping goals

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5785/121646_9f25ab6454bd7b45_005full.jpg

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), an independent Qualified Person as defined by Canadian NI 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of one blank and one standard every 20 samples, in addition to the regular insertion of blank, duplicate, and standard samples accredited by ALS Canada Ltd. during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on earning 100% interest in its two projects, both located in the prolific Abitibi greenstone belt:

• King Tut Project consists of 120 contiguous claims on 5,206 hectares
• Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

For further information please contact:

BMEX Gold Inc.

Robert Pryde, President
Tel: +1 (403) 478 6042
Email: [email protected]

Dylan Sidoo, Business Development
Tel: +1 (604) 423 4499
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

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