April 25, 2019 – Vancouver, Canada – Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) announces that, at the request of the Company, Manning Elliott LLP, Chartered Professional Accountants, (the “Former Auditor”) has resigned as auditors of the Company. The Company has appointed Smythe LLP, Chartered Professional Accountants (the “Successor Auditor”) of Vancouver, British Columbia, as auditors for the Company.
There were no reservations in the Former Auditor’s reports for the two most recently-completed fiscal years or for any period after the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor’s resignation.
The Former Auditor advises of a reportable event for an unresolved issue with the Company as follows:
- The Company has not paid the Former Auditor’s audit fees pertaining to their audit of the consolidated financial statements for the year ended December 31, 2017, for which the Former Auditor issued its auditor’s report dated April 23, 2018;
- The Former Auditor has discussed the issue outlined in (a) above with the Company’s audit committee of the board of directors; and
- The Former Auditor is not aware of whether the Company has authorized the Former Auditor to respond fully to inquiries by any successor auditor concerning the issue outlined in (a) above.
The Company requested the resignation of the Former Auditor as auditor of the Company, and the change has been approved by the Company’s audit committee and the Board of Directors. The notice of change of auditor, together with the letter from the Former Auditor and the letter from the Successor Auditor, have been reviewed by the Company’s audit committee and its Board of Directors and are posted at www.sedar.com
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 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. Canamex is now moving the Bruner project forward into permitting and development on the strength of this positive updated PEA. The second asset is the Silverton property, a gold exploration project, in Nevada, which has geological similarities to the Long Canyon deposit in Nevada, being mined by Newmont Mining. The Company has signed an agreement with Harmonychain AS, for Ethereum blockchain cryptographic security tokens, asset backed by gold and silver royalties and metal streams, as an alternative means of raising capital, potentially without equity dilution. The agreement secures the exclusive rights to various Ethereum cryptographic token domain names and ticker codes, for gold and silver. The rights also extend to patents pending and trademarks associated with these security token financing models. Canamex has signed an MOU with Malta Digital Exchange, to collaborate on the possibility of listing GOLDUSA and SILVERUSA security tokens on a secondary market. Further information is available at http://canamexgold.com/
ON BEHALF OF THE BOARD
CEO and Director
Chairman of the Board
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.