Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that it has amended its option agreements for its King Tut and Dunlop Bay properties. The remaining staged cash option payments of $300,000 under each agreement have been replaced with the issuance of 2,000,000 common shares for each agreement, for an aggregate issuance of 4,000,000 common shares. Upon the issuance of the shares, which is subject to the prior approval of the TSX Venture Exchange, the Company will have earned a full 100% interest in each property. When issued, the shares will be subject to a four-month hold period.

Mr. Robert Pryde, President of the Company, comments, "We are pleased to have consolidated our working interest on the King Tut and Dunlop Bay properties while retaining our working capital.

"We are currently working with our geoscience team at Laurentia to finalize our drilling program for the King Tut property with a view to commencing drilling operations in Q4 2021. With respect to Dunlop Bay we are initiating an extensive high resolution airborne Drone Magnetics survey, evaluating and integrating historical data sets in order to initiate a drilling program in Q1, 2022."

The Company also announced that it has granted 100,000 stock options to an officer of the Company exercisable at $0.18 per share for a period of five years.

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.
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/94834

Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - BMEX Gold Inc. (TSXV: BMEX) (OTCQB: MRIRF) (FSE: 8M0) ("BMEX" or the "Company") is pleased to announce that diamond drill hole TUT-21-018 has intersected visible gold assaying 81.89 g/t Au over 0.45 metres at its King Tut Gold Project ("King Tut" or the "Project"), located in the Abitibi region of Quebec, Canada (Figures 1 and 2). A re-assay of the sample returned 143.79 g/t Au. All assay results for the Company's recently completed its 2020-21 drill program at King Tut have now been received. Results for drill holes TUT-21-011 to TUT-21-019 can be found in Table 1; collar coordinates and hole orientations are listed in Table 2. Previous results were reported in press releases dated March 11, 2021 and March 23, 2021.

Warner Uhl, President and CEO of BMEX Gold, commented, "I am very pleased with the assay results from hole 18, which was one of the last holes targeting the main structure at King Tut. In addition, we are pleased that nearly all our drill holes have returned gold mineralization over variable widths which is very encouraging for a first pass drill program. The system carries high-grade gold and our geological consulting team will be evaluating the whole drill program in conjunction with other geophysical tools and modelling to create a robust follow-up exploration program. We are well financed for this work and we are collaborating with one of the best geological teams in Canada."

Figure 1: Location Map of King Tut property.

To view an enhanced version of Figure 1, please visit:
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Figure 2: Location Map for 2020-21 Drill Program.

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Figure 3: VG in Drill Core (TUT-21-018).

To view an enhanced version of Figure 3, please visit:
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Assay results for the 19-hole, 5119-metres drill program are currently being compiled with the historic drill results as the Company continues to build a comprehensive exploration model for the Project. Recent results, especially this new high-grade interval, confirm the presence of high-grade gold system at King Tut. Upcoming work includes a drone magnetic survey this summer to support detailed geological modelling. The new exploration model will provide the basis for a targeting study ahead of a follow-up diamond drill program in the fall.

DDH	From (metres)	To (metres)	Length (metres)	Au (g/t)
TUT-21-018	185.65	186.10	0.45	81.89
TUT-21-018	33.00	34.10	1.10	0.80
TUT-21-018	89.60	90.60	1.00	1.20
TUT-21-018	144.15	145.40	1.25	0.96
TUT-21-011	72.00	78.50	6.50	1.18
including	72.00	73.00	1.00	5.82
TUT-21-011	92.50	98.00	5.50	0.59
including	94.90	95.50	0.60	2.50
TUT-21-011	118.90	127.50	8.60	0.22
including	125.25	126.00	0.75	0.99
TUT-21-012	8.00	12.00	4.00	1.30
including	8.00	9.00	1.00	3.62
TUT-21-013	7.00	7.80	0.80	2.16
TUT-21-014	16.50	19.50	3.00	0.66
including	18.50	19.00	0.50	2.41
TUT-21-014	26.00	33.00	7.00	0.43
including	29.40	30.00	0.60	1.79
TUT-21-014	54.00	63.00	9.00	0.35
Including	55.00	55.50	0.50	1.80
including	61.00	62.00	1.00	1.52
TUT-21-014	248.80	249.35	0.55	0.52
TUT-21-015	9.75	15.20	5.45	0.20
including	9.75	10.80	1.05	0.39
TUT-21-016	232.75	233.40	0.65	2.08
TUT-21-017	NSR*
TUT-21-019	NSR*

 

* Note that results are presented uncapped and lengths represent core lengths. NSR = No Significant Result.

Table 1: Results from TUT-21-011 to TUT-21-019

Table 2: Localization of diamond drill hole TUT-21-011 to TUT-21-019.

To view an enhanced version of Table 2, please visit:
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QAQC

Diamond drill core was logged and sampled at the Services Geologiques T-Rex Inc. facility located in Evain, Quebec. Samples consist of NQ-size core sawed in half over variable sample intervals, with one half bagged and tagged for delivery to Techni-Lab - S.G.B. Abitibi Inc., a division of Actlabs. Quality assurance and quality control protocols include the insertion of blank samples (1 every 50), certified reference material (standard) samples (1 every 50), preparation duplicates (1 every 50) and quarter core duplicates (1 every 50), in addition to the regular insertion of blank, duplicate, and standard samples accredited by the lab. Holes TUT-20-005 to TUT-21-019 were assayed for gold using standard fire assay on a 30 g fraction with atomic absorption finish, and gravimetric finish for grades above 3 g/t.

Qualified Person

Maxime Bouchard, Geo, M.Sc. (OGQ #1752), Consulting Geologist with Laurentia Exploration is the Qualified Person (as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects) for the Company and has approved the technical disclosure contained in this news release.

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.

Dylan Sidoo, Business Development

Tel: 1 (604) 423 4499

Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87418