Monday 26th September 2016

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VG Gold and Lexam Explorations to merge into Lexam VG Gold Inc

VG Gold Corp VG:CA and Lexam Explorations Inc LEX:CA announced that they have entered into a definitive arrangement agreement pursuant to which Lexam and VG Gold will amalgamate to form a new company: Lexam VG Gold Inc. Under the transaction, Lexam shareholders will receive 2.1 common shares of Lexam VG for each Lexam common share currently held. VG Gold shareholders will receive 1 common share of Lexam VG for each VG Gold common share currently held.

VG Gold’s projects are located in the centre of the Timmins gold camp, which has produced in excess of 70 million ounces of gold.

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Contact:
VG Gold Corp
Tom Meredith
President/CEO
416.368.0099

or Lexam Explorations
Daniela Ozersky
Manager, Investor Relations
647.258.0395

by Ted Niles

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