Santa Elena Gold Project - Corporate Update

Rhea-AI Summary

Mexus Gold US (OTC:MXSG) announced a corporate update on January 12, 2026. The company is current and in good standing with the Nevada Secretary of State and voluntarily suspended full OTC reporting in 2024; Mexus Gold US is currently not publicly traded.

The company said it paused reporting to conserve $150,000+ in annual administration, accounting and exchange costs and redirected funds to the Santa Elena Gold Project. Reported 2023 gold sales from three test pits were $178,000 at 3.2 gpt. Mexus holds 9 concessions and says it is permitted for ponds, leach pad, water, lab assaying equipment and offices. Management believes the property may contain a 1–3 million ounce gold/silver deposit and is seeking a qualified JV partner; relisting on a public exchange is planned once funded.

01/12/2026 - 06:00 AM

Mexus Gold US, a Nevada Corporation, Carson City, Nevada

SONORA, MX / ACCESS Newswire / January 12, 2026 / The company is pleased to announce to our shareholders that Mexus Gold US. a Nevada Corporation, is current and in active, good standing status with the Nevada Secretary of State.

Mexus Gold US, voluntarily chose to temporarily stop our full reporting OTC status in 2024. Mexus Gold US is currently not publicly traded. Our decision to stop trading was based on conserving the $150.000.00 plus per vegrin admin accounting and exchange costs to stav trading, and use the funds to further the value of the Santa Elena Gold Property. The Company's shares may be bought and sold privately between individual parties. Gold prices have continued to increase from year to year, going from $1,700.00 per oz then to $4,400.00 per oz currently.

The Company's reported gold sales in 2023 from 3 test pits were $178,000.00 at 3.2 gpt gold.

Mexus is permitted on its fully owned 9 concessions,6000 acres, for ponds/leach pad/water/lab assaying equipment/office and stands ready to mine and/or drill what we believe to be a ONE to THREE MILLION OUNCE gold/silver deposit.

Mexus Gold US is proactively seeking that right, qualified J.V. partner to mine/drill/fund? the exciting Santa Elena Gold Project. Once the project gets funded we will look at relisting on a public

exchange.

We appreciate the patience of our shareholders and firmly believe with the current bull market in metals we will be successful in attracting the right partner for this worthy undertaking.

Cautionary Statement

Forward looking statement: statements in this press release may constitute forward looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company the success of competitive products, other economic factors affecting the markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release.

The Company disclaims any obligation to update any statements in this.

For further information:

Contact: Mexus Gold US (775)-721-9960. Paul Thompson Sr. Pthompsonmexusgold@gmail.com

SOURCE: Mexus Gold US

View the original press release on ACCESS Newswire

FAQ

Why did Mexus Gold US (MXSG) stop OTC reporting in 2024?

The company said it voluntarily paused full OTC reporting in 2024 to conserve $150,000+ in administration, accounting and exchange costs and redirect funds to project work.

Is Mexus Gold US (MXSG) currently publicly traded?

No. Mexus Gold US is currently not publicly traded and its shares may be traded privately between parties.

What were Mexus Gold US reported 2023 gold sales and grade?

Reported 2023 gold sales from three test pits were $178,000 at an average grade of 3.2 gpt.

What permits and land does Mexus hold for the Santa Elena Gold Project (MXSG)?

Mexus states it fully owns 9 concessions totaling about 6,000 acres and is permitted for ponds, leach pad, water, lab assaying equipment and office facilities.

What size deposit does Mexus claim at Santa Elena and what are next steps for MXSG?

Management believes the property could host a 1–3 million ounce gold/silver deposit and is actively seeking a qualified JV partner to fund mining/drilling; relisting is planned after funding.