Tickers: XOTC:CNMXF, XCNQ:CSQ
Tags: Mining

August 21st, 2018 / TheNewswire / Vancouver, Canada - Canamex Gold Corp. (the "Company" or "Canamex") (CSE: CSQ) is pleased to advise that a Sale and Purchase Agreement ("SPA") has been executed with American International Ventures Inc. ("AIVN") (OTC: AIVN) whereby the Company has bought back a retained royalty on the Canamex 100% owned Bruner Gold project, in Nevada USA.

The terms of the SPA mean that the Company will complete an early buyback of a 1.5% Net Smelter Royalty ("NSR") retained by AIVN, on the Bruner Gold Project. The agreed buyback purchase price is $US 450,000 for the retained AIVN 1.5% NSR, which AIVN has agreed to be paid by the Company issuing to AIVN 112,500 GOLDUSA tokens, at a deemed price of $US4.00 per GOLDUSA token, as full consideration for the early buyback. The GOLDUSA tokens issued to AIVN will be subject to a 4-month and 1-day escrow period, in accordance with National Instrument 45-102.

Comments by Company CEO, David Vincent

"This early buyout of the AIVN retained 1.5% NSR on the Bruner Gold Project, for $US 450,000 using 112,500 GOLDUSA security tokens as payment, will realize a significant discount to the estimated US$ 6.8 million value of the 1.5% NSR, over the life of mine. The transaction is therefore value accreditive to the shareholders of the Company. Furthermore, the early buyback has been achieved without any shareholder equity dilution, without drawing down on the existing treasury cash position, and most importantly, the transaction validates the GOLDUSA token to transact business with third parties, on normal commercial terms".

Economics of Early Buyout

The Welsh Hagen Preliminary Economic Assessment ("PEA") forms the basis for evaluation of the AIVN royalty and the buyout thereof. The PEA estimates production and sale of 349,300 ounces of gold and 363,400 ounces of silver from the Bruner Property, all of which would be subject to the AIVN royalty and assumes a gold price of $1280/oz. gold and $17.00/oz. silver. The AIVN 1.5 % NSR royalty on these PEA production assumptions and assumed metals prices, would be 5,240 ounces of gold and 5,460 ounces of silver worth an estimated US$ 6.8 million, over the life of mine. The objective of entering into the early royalty buyout agreement for $US 450,000 for 112,500 GOLDUSA security tokens, is to realize a significant discount to the US$ 6.8 million, over the life of mine of the 1.5% NSR owned by AIVN, and to therefore improve life of mine cashflows.

About the Company

Canamex Gold Corp. is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE), and is engaged in fast-tracking toward development of the Bruner Gold Development 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 Gold Development 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. Canamex is now moving the Bruner Gold Project forward into permitting and development on the strength of this positive updated PEA. The second asset is the Silverton Gold property, a gold exploration project, in Nevada, which has geological similarities to the Long Canyon gold deposit in Nevada, being mined by Newmont Mining. The Company has signed Agreements with Harmonychain AS, for Ethereum Blockchain Smart Contract Security Tokens for Gold and Silver, as an alternative means of raising capital, potentially without equity dilution. The Agreements secure the exclusive rights to various Ethereum Token domain names, ticker codes, and associated smart contracts, for Gold and Silver. The rights also extend to patents pending and trademarks associated with these security token financing models, including ChainDelivery(TM) royalty stream delivery queuing systems. Further information is available at https://canamexgold.com

Greg Hahn (CPG#7122), President & COO of the Company is the qualified person who has reviewed and approved all technical disclosures in this release.

ON BEHALF OF THE BOARD

David Vincent
Chief Executive Officer and Director

david.vincent@canamexgold.com

Mike Stark
Chairman of the Board
Contact: (604) 833-4278
mike.stark@canamexgold.com

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

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