VANCOUVER, British Columbia, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce that Palisades Goldcorp Ltd., a private Vancouver Company, (“Palisades”) has acquired, by way of private agreements, an aggregate of 18,278,488 common shares of the Company and warrants to purchase a further 11,875,000 shares in consideration of an aggregate of 4,916,600 common shares of Palisades.  The acquisition of shares results in Palisades owning an aggregate of 37,821,388 common shares representing 36.6% of the outstanding shares of the Company and 13,375,000 warrants.