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Mojave Gold Corporation Announces Acquisition of GlobalMin LLC

Mojave Gold Corporation Announces Acquisition of GlobalMin LLC

Carson City, Nevada (December 19, 2016) – Mojave Gold Corporation (“the Company”) formally announced today its ongoing exploration of platinum group minerals (PGMs) in Guyana pursuant to the acquisition of GlobalMin LLC (“GlobalMin”), a privately-owned company based in Reno, Nevada and operated by renowned geochemist Dr. Paul Lechler and partner John Van de Sand, a thirty-year veteran in mining engineering and the oil and gas business.

The Company has worked with GlobalMin for over six years and has made substantial progress in the exploration for PGMs in Guyana. In 2014, another company, GlobalMin Ventures Inc. (“GMV,” formerly Yukon Gold Corporation) contracted to acquire GlobalMin’s Guyana PGM project. That planned acquisition has been terminated due to a lack of subsequent funding necessary to continue exploration and development. Pursuant to the termination, the Company will retire debt owed to a principle shareholder of GMV.

Mojave Gold President Steve Heard stated "The GlobalMin PGM Guyana project has come home and we are again positioning it for rapid development." Since October 2010, Mojave has worked with GlobalMin to establish a corporate presence in Guyana and negotiate terms of exclusive geological exporation licenses. Through their joint efforts, GlobalMin Guyana, Inc. was formed in Guyana and became a subsidiary of GlobalMin. Mojave and GlobalMin then negotiated the terms of an exclusive “Permission for Geological and Geophysical Survey” (the “Permit”). Negotiations for the Permit were conducted directly with Guyana’s Prime Minister, with review by the Guyana Geology and Mines Commission (GGMC). The Permit was issued in 2011 and the Company is in the process of converting the Permit into multiple Prospecting Licenses.

Mr. Heard further stated “The termination of the GMV agreement was the best course for all parties involved. It allows GMV to continue with its own business development as a public company and allows Mojave Gold to preserve, protect, and develop further the Guyana PGM project which is in need of immediate infusions of capital for operations, licensing, and drill testing.”

About Mojave Gold Corporation

Mojave Gold Corporation is a privately-owned Nevada corporation engaged in exploring areas for potential gold or platinum group minerals mining. The Company has identified domestic and international sites of interest.

About GlobalMin LLC, and GlobalMin Guyana, Inc.

Since 2002, privately owned US-based company GlobalMin, LLC, has conducted substantial fieldwork, exploration, and analytical testing in Guyana, discovering and documenting a significant presence of alluvial platinum group minerals, and targeting areas for hardrock exploration and analysis. GlobalMin, LLC is parent to GlobalMin Guyana, Inc. Retired Nevada Bureau of Mines and Geology Chief Geochemist Dr. Paul Lechler is Managing Partner along with John Van de Sand, a mining engineer with over thirty years mining and business experience.

Source: Mojave Gold Corporation and GlobalMin Ventures LLC

Contact: Steve Heard 727-398-6097

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