Corex Gold : Extinguishes Debt by Issuance of Shares

Vancouver, BC -- May 10, 2016, Corex Gold Corp. ('Corex' or the 'Company') reports that as announced on April 25, 2016, the Company has issued a total of 2,205,000 common shares at a price of $0.08 per common share to extinguish debt in the aggregate of $176,400 effective May 9, 2016 owed to related and non-related parties. The common shares are subject to a four month plus one day hold period that will expire on September 10, 2016.

About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the near-term production*, of its 100% owned flagship property, Santana Project, Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.

ON BEHALF OF THE BOARD

'Craig D. Schneider'
President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Craig Schneider,
President & CEO

Tel: 604.683.2505
Fax: 604.683-2506
E-mail: info@corexgold.com
Website: www.corexgold.com

Cautionary Statements:

*The reader should be cautioned the Company is not basing its production decision (if any), on a feasibility study of mineral reserves demonstrating economic viability and technical feasibility. As a result there is increased uncertainty and a greater risk of economic and technical failure associated with its production decision.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.' The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.