Mexus Adds Additional Property To Portfolio 

CARSON CITY, NV - Mexus Gold US reported has determined to acquire the concessions comprising the San Felix Project in Mexico.  Mexus has entered into land surface use agreements and concession purchase agreements for various land parcels which expired under the prior owner’s failure to pay. The agreements require a cash payment with term payments to the respective owners.  The Company also announces the execution of an agreement with MarMar Holdings Inc. whereby each company owns a 50% share of the San Felix Project and designates MarMar Holdings Inc. as the operator of the daily production activities. Other provisions of the agreement are similar to our agreement with MarMar Holdings Inc. covering the Santa Elena Project in Mexico.  Included in this agreement is the addition of 6 concessions by MarMar Holdings Inc. which brings the total area of the San Felix Project to approximately 26,570 acres. Situated on the property is an approximate 3 million ton leach pad in place and a 1600 GPM Merrill Crow gold recovery system.  Having the leach pad and recovery system in place will greatly reduce the time and cost to bring this mine into production.  Marco Martinez, CEO of MarMar Holdings Inc., owns heavy mining equipment which is stored 45km north of the San Felix project.  This machinery can be mobilized in a short period of time which reduces the significant expense associated with equipment hauling. Initially, MarMar Holdings Inc. has a goal to produce 10,000 tons a day with output increasing over time. The Company possesses geological reports, mapping, drill results and sampling data which indicate a potential 1,000,000oz gold equivalent.

Future expenditures will include additional equipment, labor quarters, and other minor improvements. Mexus Gold US is currently working on obtaining conventional financing that will allow for these upgrades to be made.

The crew at the Santa Elena mine is back to full speed after the normal holiday slow down. Progress continues which will allow for production start-up prior to the San Felix mine.   Mexus’ commitment remains steadfast in getting the Santa Elena into production which is keeping with our commitment to the shareholders of Mexus Gold US. 

“This is truly an exciting time for Mexus.  The San Felix is a historical property in Mexico that was mined by the Spaniards in the 1600’s.  In approximately 6-9 months we will have 2 fully operational mines in the Santa Elena and the San Felix,” added Mexus CEO Paul Thompson.