Operations Update

Submarine Cable Update:

Mexus has purchased a new SeaSpy Marine Magnetometer and all supporting equipment for surveying and locating the submarine cable, and is waiting delivery of the equipment which is expected on May 27, 2011. Mexus’ crew headed by Captain Brian Farcy and Ken Setters standing by to pull the estimated 500,000+lbs we have located in Washington state on a trial basis for the new Magnetometer surveying equipment. Mexus intends to pull the 500,000+lbs in Washington before heading back to ...

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Mexus Gold U.S. Phase I Drilling Finalized for U.S. Operations Esmeralda County, Nevada

Wednesday October 20, 2010, 10:39 am EDT

CARSON CITY, Nev., Oct. 20, 2010 (GLOBE NEWSWIRE) — Mexus Gold U.S. (OTCBB: MXSG), a mining company engaged in the evaluation, acquisition, exploration, salvage and recovery of gold, silver and copper projects, is pleased to announce that Phase I Drilling Program budgets are being finalized for its Esmeralda County, Nevada mine project which consists of 150 acres of patented claims, 14 unpatented claims and 2 mill sites. Mexus has also filed an additional 12 ...

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Photo Release: Mexus Gold U.S. Moves ACP Equipment to Begin Operation on Cable Project

Monday September 27, 2010, 8:51 am EDT

CARSON CITY, Nev., Sept. 27, 2010 (GLOBE NEWSWIRE) — Mexus Gold U.S. (OTCBB: MXSG), a Nevada Corporation, is pleased to announce Mexus’s Tug “The Caleb” is moving our 230′ barge to a boat yard north of Seattle, Wash., near the Canadian-U.S. border, where the boat yard has been retained to set our special Automated Cable Pulling “ACP” Equipment on the large barge with their 100-ton crane.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8055

CEO ...

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Mexus Gold U.S. Releases NI 43-101 Technical Report on the El Scorpio Project Guadalupe De Ures Property Sonora, Mexico

Tuesday September 14, 2010, 7:23 pm EDT

CARSON CITY, Nev., Sept. 14, 2010 (GLOBE NEWSWIRE) — Mexus Gold U.S. (OTCBB: MXSG), a Nevada Corporation is pleased to announce release of the 43-101 technical report for the El Scorpio in Sonora, Mexico.

The El Scorpio Prospects are located in Sonora State in northern Mexico approximately 80 road kilometers northeast of Hermosillo, Sonora, Mexico near 29 degrees 25′ North and 110 degrees 35′ West. The Property is comprised of approximately 2800 hectacres.

The El Scorpio ...

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Mexus Gold Contracts Tug, Barge, and Operator to Advance Cable Project

August 30, 2010 Carson City, Nevada; Mexus Gold U.S. [OTCBB: MXSG], a Nevada Corporation is pleased to announce it has entered into a purchase contract with Brian Farcy for the 94ft Tug (Caleb), a twin Cummings powered vessel that will aslo act as a crew quarters accomodating up to an 8 man crew.  In addition, Mexus has contracted Mr. Farcy to operate the tug.  He has 30 years with Tug and Barge experience in Washington State as well as Alaskan ...

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July 12, 2010 Carson City, Nevada: Mexus Gold US (OTCBB/OTCQB: MXSG) is pleased to announce the signing of a contract with Powercom Services, Inc. a Georgia company to provide the necessary capital so Mexus can proceed with the first phase of its Cable Recovery in Alaskan waters.

Mexus President/CEO Paul Thompson along with Ken Setter the person in charge of the Alaska sub-marine cable project for Mexus just returned from two weeks of intense fruitful meetings and verifications of cable locations ...

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Carson City, Nevada: Mexus Gold US (OTCBB/OTCQB: MXSG) is proud to announce that it has received the green light to retrieve submarine cable in the Pacific Ocean. In January 2010, Mexus Gold US acquired the rights to salvage submarine cable from Universal Systems, Inc. and it is expected that recovery operations will commence in June of this year.

Paul Thompson, President – CEO of Mexus Gold stated “We are very excited about the recovery salvage rights for the submarine cable this ...

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Mexus Gold US Exercises Option

Mexus Gold US Exercises Option to Purchase Mining Company in Mexico

Mexus Gold US, (OTCBB: MXSG), a Nevada corporation, is pleased to announce that Mexus Gold US has exercised its option to purchase Mexus Gold Mining SA de CV, Mexico.  Mexus Gold US President and CEO, Paul Thompson, stated, “This purchase gives Mexus Gold US the needed mining, milling, and processing equipment to expand its Mexico operations and control of approximately 11,000 acres of mining concessions in the state of Sonora, ...

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Cable Salvage Rights Contract

Mexus Gold US Announces Cable Salvage Rights Contract

Mexus Gold US (OTCBB: MXSG) is pleased to announce that it has entered into an Agreement for the salvage rights to retrieve submarine cable previously owned by the United States of America.  The initial focus of the salvage operation will be the retrieval of cable which extends from Alaska to San Diego, California. Based on visual examination of samples obtained from Alaska and information provided to the Company, the potential for recovery of ...

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