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QMX Gold Extends Loan Facility With Third Eye Capital

TORONTO, ONTARIO -- (Marketwired) -- 01/28/14 -- QMX GOLD CORPORATION (TSX: QMX) ("QMX Gold" or the "Company") and Third Eye Capital Corporation ("TEC") have signed an amending agreement that will further extend the term of the bridge loan facility provided by TEC until March 31, 2014 and be subject to the same terms and conditions outlined in the Company's press release dated October 9th, 2013.

QMX Gold expects the pending sale of the Snow Lake Property to Northern Sun Mining Corp. to close on or before March 31, 2014 (see press release dated January 15th, 2014) and the funds delivered on closing will be used to pay the remaining debt obligation to TEC.

Cautionary Note Regarding Forward-Looking Information and Mineral Resources:

This press release contains or may be deemed to contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements (express or implied) relating to the extension of the loan facility, the completion of the sale of the Snow Lake property to Northern Sun and/or the future financial or operating performance of QMX Gold, its properties and/or its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company, which is available under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. It should also be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Contacts:
QMX Gold Corporation
Brett New
President and CEO
(416) 861-5904

QMX Gold Corporation
Louis Baribeau
Public Relations
(514) 667-2304

QMX Gold Corporation
Rob Hopkins
Investor Relations
(416) 861-5899

QMX Gold Corporation
Toll free: +1 877-717-3027
[email protected]
www.qmxgold.ca

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