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. - 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.

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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.

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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.

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

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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. - 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

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Figure 2 : TUT-21-032 intersection

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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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121646