(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - Mexican Gold Mining Corp. (TSXV: MEX) (the " Company " or " Mexican Gold ") announces that it has arranged a fully-allocated non-brokered private placement of up to 10,000,000 units of the Company (the " Units ") at a price of $0.085 per Unit to raise gross proceeds of up to $850,000 (the " Offering "). Each Unit consists of one (1) common share of the Company (" Share ") and one (1) transferable common share purchase warrant (" Warrant "), whereby each Warrant shall entitle the holder thereof to purchase an additional Share at an exercise price of $0.12 for a period of three (3) years from the date of issuance.

Mexican Gold intends to use the net proceeds from the Offering as working capital for general corporate purposes. The Company may pay finders fees to eligible finders in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the " Exchange "). All securities to be issued and issuable pursuant to the Offering will be subject to a hold period of four months from the date of issuance in accordance with applicable Canadian securities laws.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Mexican Gold Mining Corp.

Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State, Mexico, and host to one of the newest, under-explored skarn systems known in Mexico.

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