Magellan Gold Reports Geochemical Results from Silver District Samples

Reno, Nevada – Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce geochemical results from sampling at its 100% controlled Silver District Project located in La Paz County, southwest Arizona. Rock chip surface samples collected across seven of fourteen known deposits were successful in validating the occurrence of silver values up to 13.0 ounces per ton and fluorspar values up to 25.7% over significant widths. Silver District deposits are localized along three major vein systems having a collective strike length of eight miles. Previous shallow drilling that partially tested these vein systems defined historical resources containing 16 million ounces silver and 328,450 tons fluorite, with additional barite and lead-zinc mineralization.