Vancouver, British Columbia--(Newsfile Corp. - November 9, 2016) - Minaurum Gold, Inc. (TSXV: MGG) ("Minaurum") is pleased to
announce that its ongoing mapping and sampling program along with the reinterpretation of historical data has identified a new
bulk-tonnage silver target at the La Quintera Silver Project in Southern Sonora State, Mexico.
The Minas Nuevas bulk-tonnage target has a strike length of 700 meters and is 25 meters wide. It includes the Zambona and
Purísima historical mines which produced approximately 35 million ounces of silver from small open pits and underground workings
between 1860 to about 1910. Mineralized stockwork quartz veining surrounding the old workings exhibits the potential for
bulk-tonnage silver mineralization. The depth of the workings indicates that the stockwork veining extends to depths greater than
100 meters. In addition, 101 historical rock samples from outcrops and veining in old mine workings at Minas Nuevas averaged
128 g/t Ag with a high of 875 g/t Ag. Minaurum's sampling work confirmed the previous results and returned from old mine workings;
236 g/t Ag, 178 g/t Ag and from surface; 112 g/t Ag, 134 g/t Ag and 176 g/t Ag.
"Minas Nuevas represents the first of a number of drill targets that we are progressing to the drill stage at La Quintera,"
stated Darrell Rader, President and CEO of Minaurum Gold. "Our exploration program has thus far delineated multiple high-grade
silver targets and we expect to identify more as we complete the first systematic mapping and sampling program undertaken in this
historic district."
Minas Nuevas lies on the northern extension of the 7 km, north-northeast trending Promontorio-La Quintera vein system that is
the focus of the ongoing drill-target generation program consisting of geologic mapping and geochemical sampling. Minaurum is in
the process of assaying over 150 samples collected to date.
Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101,
collected the samples listed in this report (except for those stated as being historical), reviewed and verified the assay data and
has approved the disclosure in this News Release. The listed samples were personally sealed and delivered to the ALS Chemex
sample-preparation facility in Hermosillo, Sonora, Mexico. ALS Chemex prepared the samples, crushing them to 70% less than 2mm,
splitting off 250g, and pulverizing the split to more than 85% passing 75 microns. The resulting sample pulps were then sent to ALS
Chemex's analytical laboratory in North Vancouver, BC, Canada for assay. Analysis was done for 48-elements (including silver) by a
4-acid digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES). Sample pulps with silver values greater
than 100 g/t; and copper, lead, or zinc values greater than 10,000 ppm (1%) were re-analyzed using 4-acid digestion and atomic
absorption spectrometry (AAS). Samples were analyzed for gold using fire assay and ICP-AES.
Minaurum is a Mexico focused explorer concentrated on the Southern Sonora State, Oaxaca-Chiapas Region and the Guerrero Gold
Belt, managed by one of the strongest technical and finance teams in Mexico. Minaurum's goal is to continue its founder's legacy of
creating shareholder value by finding new district-scale mineral discoveries and executing accretive mining transactions. For more
information, please visit our website at www.minaurum.com and our YouTube Minaurum Video Channel.
ON BEHALF OF THE BOARD
"Darrell A. Rader"
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu — Investor Relations Manager
(778) 330 0994 or via email at pannu@minaurum.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
_____________________________________________________________________________________________
2300 — 1177 West Hastings
Street
Telephone 778 330-0994
Vancouver, BC V6E 2K3
www.minaurum.com
info@minaurum.com
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitute forward-looking
information. In making the forward-looking statements in this release, Minaurum has applied certain factors and assumptions that
are based on Minaurum' s current beliefs as well as assumptions made by and information currently available to Minaurum. Although
Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be
incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are
cautioned not to place undue reliance on forward-looking statements. Minaurum does not intend, and 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 required by law.
