Gainey Signs 10,000 Ton Ore Processing Agreement

Gainey now taking delivery of high-grade ore at its advanced mill and processing centre

Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that Belmex Resources has engaged Gainey to process a minimum of 10,000 tons of high-grade gold ore at its 300 TPD (tons per day) mill and processing centre in Mexico’s prolific gold and silver region of Sierra Madre. Gainey has begun taking delivery of the ore (assay grades from 5.8 to 12.2 GPT), delivered by truck from Belmex’s facility just 22km from the mill.

Gainey’s facility is the only one in the region that includes a gravimetric/flotation processing center to optimize gold and silver recovery rates. Its operational team is run by Gainey Operations Manager, George Cantua, who previously supervised Barrick Gold’s 24,000-tpd mill in the Dominican Republic.

David Coburn, CEO of Gainey Capital, commented, “We located our facility close to a large number of ore bodies specifically because there was no other mill in the region. We began sampling ore from multiple sources just days after completing our upgrade program and today’s announcement shows we have started the next phase of the toll processing part of our business.”