The Future is Golden

Canamex Gold Corp has a 30 year history in precious metals exploration and mine development, and is currently focused on development of the Bruner gold and silver project in Nevada

ABOUT CANAMEX

Canamex Gold Corp

Owner and developer of the prolific Bruner gold and silver project in Nye County, Nevada. Canamex is financing the development of Bruner via the sale of metal streams.

Listed company with a 30 year history

Canamex is a Canadian listed (CSE: CSQ) mining corporation originally incorporated in 1987 specifically to carry out gold and mineral exploration. The Company is fully regulatorily compliant, with a strong mining development pedigree and a leadership team with diverse but complementary skills.

Future focused and innovative

Canamex is using a metal stream financing structure to fund development of the Bruner project. This allows Canamex to progress development without diluting shareholders or incurring expenses via debt financing.

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NEWS

Industry News & Views

20 July 2021

Definitive Agreement to Sell Bruner Property

Vancouver, British Columbia / July 19, 2021 — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) is pleased to announce that it has entered into an asset purchase agreement (the “Agreement”) with Endeavour Silver Corp. (“Endeavour”), pursuant to which Endeavour will acquire a 100% interest in the Company’s Bruner Gold Property, located in Nye County, Nevada, including mineral claims, mining rights, property assets, water rights, and government authorizations and permits, for a purchase price of US$10 million payable in cash. Completion of the proposed transaction contemplated by the Agreement is subject to all necessary approvals, including the approval of the shareholders of the Company and customary regulatory approvals.

Special Meeting of the Shareholders of the Company

As the proposed transaction constitutes the disposition of substantially all of the Company’s assets, the Company is holding a special meeting of its shareholders on August 25, 2021 (the “Meeting”) to seek approval by a special resolution of the shareholders for the transactions contemplated by the Agreement. The record date for the Meeting will be July 19, 2021. Additional information about the proposed transaction and the Agreement will be contained in a management information circular which will be sent to the Company’s shareholders and filed on the Company’s SEDAR profile at www.sedar.com prior to the Meeting.

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE: CSQ) and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. Further information is available at https://www.canamexgold.com/

ON BEHALF OF THE BOARD

David Vincent
CEO and Director
[email protected]

Mike Stark
Chairman of the Board
604.833.4278
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the Company’s strategic plans, and completion of the proposed transaction described herein. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the completion of the proposed transaction; approval of the proposed transaction by the shareholders of the Company and receipt of all other necessary approvals for the transaction; and conditions in general economic and financial markets. The actual results could differ materially from those anticipated in this forward-looking information as a result of certain risk factors including but not limited to the following: failure of either party to satisfy any of the closing conditions for the proposed transaction and failure to obtain approval of the shareholders of the Company or any other regulatory approvals required in order to complete the proposed transaction.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

The CSE has not approved or disapproved the contents of this news release or passed upon the merits of any of the transactions described herein, including the Transaction.

Neither the CSE nor its Regulation Services Providers (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


Definitive Agreement to Sell Bruner Property was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

27 May 2021

Bruner Gold Project — Exclusivity Agreement and Convertible Debentures — Forbearance Agreement

Bruner Gold Project — Exclusivity Agreement and Convertible Debentures — Forbearance Agreement

April 6th, 2021 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) provides a news release regarding an Exclusivity Agreement on the Bruner Gold Project executed on March 31st, 2021 (the “Exclusivity Agreement” ); and an update on the status of its secured convertible debentures issued by the Company on October 25, 2016 and December 23, 2016 and which matured on October 25, 2019 and December 23, 2019, respectively (the “Debentures”).

Exclusivity Agreement

On March 31st, 2021 the Company executed an Exclusivity Agreement with a third party, for the potential sale and purchase of the Company’s 100% controlling beneficial interest in the Bruner Gold Project (the “Transaction”).

Under the Exclusivity Agreement, the terms of the Transaction are non-binding and indicative, until after completion of positive due diligence and completion of other customary closing conditions, including approval by the Board and the shareholders of the Company, and the execution of a definitive binding agreement.

The Company will keep all stakeholders updated, on the progress of the Transaction as milestones are completed.

If a definitive binding agreement is executed with regards to the Transaction, then the Gold Forward sale Agreement with MetalStream (refer below) will be terminated by the Company, being a condition precedent.

Forebearance Agreement

The Company is pleased to announce that a Forbearance Agreement dated April 1st, 2021 has been executed by the Company and Concept Capital Management Ltd. (“Debenture Holders Agent”).

The Debenture Holders Agent has agreed to further forbear from exercising their rights and remedies under the Debentures and related security documents (collectively, the “Loan Documents”) arising from the delays by the Company in paying interest and repaying the principal of the Debentures, provided that the Outstanding Obligations under the Debentures are repaid on or before August 31st, 2021.

If the Company fails to make full payment, including any agreed penalties, on or before August 31st, 2021, then the Debenture Holders Agent shall be entitled, at their sole discretion, to enforce their rights under the Loan Documents.

Gold Forward Sale — Update

On July 15th, 2020 the Company provided an update regarding the status of its Gold Forward Sale Agreement (the “Agreement”) with MetalStream Ltd (“MetalStream”), originally announced January 27, 2020 and an extension announced April 23, 2020.

The Company advised that the initial first tranche payment was increased to US$5,500,000; and was delayed due to Covid-19 related banking and logistic delays, experienced by MetalStream. Despite these Covid-19 related delays, the Company and MetalStream remain fully committed to the Agreement; and the first tranche payment is expected to be completed before August 31st, 2021.

The subsequent second and third tranches payable under the Agreement were also amended as follows:

a) Second tranche payment of US$5,000,000 was increased to US$5,500,000.

b) Third tranche payment of US$25,000,000 was reduced to US$24,000,000.

The Company proposes to use the above proceeds from its Agreement with MetalStream, to settle the interest and any penalties, and repaying the principal of the Debentures, on or before August 31st, 2021.

If a definitive binding agreement is executed with regards to the Bruner Gold Project Transaction announced above, then the Gold Forward sale Agreement with MetalStream will be terminated by the Company, being a condition precedent.

The Company will keep all stakeholders updated, on the progress of the Gold Forward Sale transaction with MetalStream.

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE: CSQ) and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project.

The PEA is based primarily on indicated resources, but also included about 10% inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Canamex is planning to move the Bruner project forward into permitting and development using the proceeds from a gold stream forward sale to MetalStream Limited. Further information is available at https://www.canamexgold.com/

Projects that proceed to construction based solely upon a PEA have a higher degree of risk associated with them than projects that have gone through a feasibility study of mineral reserves. Canamex is not basing its decision to proceed to permitting and construction on a feasibility study. Feasibility level engineering will proceed in parallel with project permitting such that both should be completed simultaneously to allow project construction to commence after feasibility level engineering has been completed.

On Behalf of the Board

David Vincent

President and CEO

[email protected]

Mike Stark

Chairman

604.833.4278

[email protected]

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this release include statements with respect to future services to be provided to the Company, and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the availability of capital and financing required to continue the Company’s operations; uncertainty regarding the performance by other entities of contractual obligations; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this release, the Company has made numerous assumptions. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.


Bruner Gold Project — Exclusivity Agreement and Convertible Debentures — Forbearance Agreement was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

20 January 2021

Canamex Gold Corp. News Release. 2021.01.19

Convertible Debentures — Forbearance Agreement

January 19th, 2021 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) provides an update regarding the status of its secured convertible debentures issued by the Company on October 25, 2016 and December 23, 2016 and which matured on October 25, 2019 and December 23, 2019, respectively (the “Debentures”).

The Company is pleased to announce that a Forbearance Agreement dated December 21st, 2020 has been executed by the Company and Concept Capital Management Ltd., Sinigual Sociedad S.A. and Golden Capital Consulting Ltd (“Majority Debenture Holders”).

The Majority Debenture Holders have agreed to further forbear from exercising their rights and remedies under the Debentures and related security documents (collectively, the “Loan Documents”) arising from the delays by the Company in paying interest and repaying the principal of the Debentures, provided that the Outstanding Obligations under the Debentures are repaid on or before March 31st, 2021.

If the Company fails to make full payment, including any agreed penalties, on or before March 31st, 2021, then the Majority Debenture Holders shall be entitled in their sole discretion to enforce their rights under the Loan Documents.

Gold Forward Sale — Update

On July 15th, 2020 the Company provided an update regarding the status of its Gold Forward Sale Agreement (the “Agreement”) with MetalStream Ltd (“MetalStream”), originally announced January 27, 2020 and an extension announced April 23, 2020.

The Company advised that the initial first tranche payment was increased to US$5,500,000; and was delayed due to Covid-19 related banking and logistic delays, experienced by MetalStream. Despite these Covid-19 related delays, the Company and MetalStream remain fully committed to the Agreement; and the first tranche payment is expected to be completed before March 31st, 2021.

The subsequent second and third tranches payable under the Agreement were also amended as follows:

a) Second tranche payment of US$5,000,000 was increased to US$5,500,000.

b) Third tranche payment of US$25,000,000 was reduced to US$24,000,000.

The Company proposes to use the above proceeds from its Agreement with MetalStream, to settle the interest and any penalties, and repaying the principal of the Debentures, on or before March 31st, 2021.

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE: CSQ) and is engaged in pre-development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada. The region is home to several producing and past-producing mines along the Walker Lane Trend. Canamex completed a positive Preliminary Economic Assessment (PEA) on the Bruner project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project.

The PEA is based primarily on indicated resources, but also included about 10% inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

Canamex is planning to move the Bruner project forward into permitting and development using the proceeds from a gold stream forward sale to MetalStream Limited. Further information is available at https://www.canamexgold.com/

Projects that proceed to construction based solely upon a PEA have a higher degree of risk associated with them than projects that have gone through a feasibility study of mineral reserves. Canamex is not basing its decision to proceed to permitting and construction on a feasibility study. Feasibility level engineering will proceed in parallel with project permitting such that both should be completed simultaneously to allow project construction to commence after feasibility level engineering has been completed.

On Behalf of the Board

David Vincent

President and CEO

[email protected]

Mike Stark

Chairman

604.833.4278

[email protected]

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this release include statements with respect to future services to be provided to the Company, and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the availability of capital and financing required to continue the Company’s operations; uncertainty regarding the performance by other entities of contractual obligations; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this release, the Company has made numerous assumptions. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.


Canamex Gold Corp. News Release. 2021.01.19 was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

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