Corex Gold Receives Overwhelming Shareholder Approval for Plan of Arrangement With Minera Alamos Inc.

VANCOUVER, British Columbia, April 05, 2018 (GLOBE NEWSWIRE) -- Corex Gold Corporation (“Corex” or the “Company”) (TSX-V:CGE) is pleased to announce that shareholders of the Company have overwhelmingly voted in favour of the previously announced plan of arrangement (the “Arrangement”) with Minera Alamos Inc. (TSX Venture:MAI), see press release dated January 30^th 2018.

A total of 71,679,327 common shares of the Company, representing approximately 45.25% of the Company’s issued and outstanding common shares were voted. The Arrangement was approved by 100% (due to rounding) of the votes cast by Corex shareholders (including disinterested shareholders). A copy of the complete report on voting will be made available on SEDAR at www.sedar.com.

A summary of the voting results is presented below:

The Arrangement is expected to close on or about April 10, 2018 resulting in Corex becoming a wholly owned subsidiary of Minera Alamos with the former shareholders of Corex thereafter owning approximately 50% of Minera Alamos, The closing is subject to applicable regulatory approvals and the satisfaction of other customary conditions.

About Corex Gold Corporation

Corex Gold Corp is a Canadian resource company focused on developing its 100% owned Santana flagship property in Sonora State, Mexico, where recent bulk test leaching and development work has resulted in the first gold produced from the property.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", “would”, “could”, "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: anticipated timing of closing of the Arrangement.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by the Company, are inherently subject to uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Corex has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Arrangement including, without limitation, receipt of all necessary  court, stock exchange and regulatory approvals or consents and lack of material changes with respect to Minera Alamos and Corex and their respective businesses, all as more particularly set forth in the Arrangement Agreement. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although the parties have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Corex does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.