Corex Gold Corporation
TSX VENTURE : CGE

Corex Gold Corporation

September 08, 2016 08:00 ET

Corex Receives Final Land Use Permit, Commences Santana Heap-Leach Construction

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 8, 2016) - Corex Gold Corp. ("Corex" or the "Company") (TSX VENTURE:CGE), is pleased to announce it has received its final permit required for the construction of its heap-leach gold operations at its 100% owned Santana Project located in Sonora, Mexico.

The land use permit allows Corex to begin ground disturbance activities at Santana, which had previously received all necessary mining permits to allow the Company to develop an open-pit, heap leach gold operation and pilot plant.

Corex is pleased to announce that upon receipt of the land use permit it has mobilized heavy equipment and begun the ground preparation and construction of its initial heap-leach pad that will allow for the pilot testing of the Santana deposit.

The Santana Mine is located in a very favorable area of Mexico with excellent infrastructure and a good year-round climate.

"With this permit in place, and a seasoned operator in H Morgan & Co. (Chester Millar), we now have the ability to rapidly advance the Santana project into production," said Craig Schneider, Corex's President and CEO.

Additional construction updates will be provided in the coming weeks.

About Corex Gold Corp

Corex Gold Corp is a Canadian resource company focused on the near-term production, of its 100% owned flagship property, Santana Project, Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.

ON BEHALF OF THE BOARD

Craig D. Schneider, President & CEO

Cautionary Statement:

"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." The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.

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