Las Vegas, NV – TheNewswire - July 18, 2023 - GEMXX Corporation (OTC:GEMZ) ("GEMXX" or the "Company") today announced that it has made significant progress in its effort to finance its gold and ammolite mining operations.    

First, GEMXX has secured 75% of this fiscal year's mining costs for both its Gold and Ammolite initiatives. The involvement of new investors and strategic partners further strengthens GEMXX's financial position and supports its growth plan. This includes mine and process facility expansion and increased production to meet global demand for its products.  

“Management is very excited to reach this financing milestone as it will allow the company to operate multiple mine assets at the same time. With the Snow Creek gold mine now in full production and expecting its first clean-up later this week, we can’t wait to have a gemstone and gold mine in production at the same time” stated Mr. Richard Clowater, GEMXX’s President.

Second, the company has completed preliminary discussions and has shortlisted engineering firms capable of conducting National Instrument 43-101 reports on both Gold and Ammolite assets (USA equivalent SK-1300). "Demonstrating the inherent worth of our in-ground resource is a significant aspect of this initiative. Once the National Instrument 43-101 engineering reports on our Gold and Ammolite properties are finalized, management anticipates a remarkable three-fold (3X) increase in the Company's proven resource base by the conclusion of 2023" said Mr. Jay Maull, GEMXX’s Chief Executive Officer.  

SPECIAL NOTES:

The Company’s, Form 1-A to raise up to $6,000,000 USD at $0.40 per share pursuant to the Offering Statement is fully qualified (www.otcmarkets.com). Shareholders, investors, institutions, and financiers interested in participating in the Regulation A Financing are encouraged to visit www.gemxx.com or contact Company officials for more information.

ABOUT GEMXX CORPORATION

GEMXX Corporation is a publicly traded, mine-to-market gold, gemstone, and jewelry producer with global reach that owns mining resources, production facilities, and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing, and global distribution. 

GEMXX is a leading producer of top-quality finished Ammolite and Ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of Ammolite gemstone and jewelry business experience.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Signed.

/S/ Jay Maull, CEO

GEMXX Corporation

FOR MORE INFORMATION, PLEASE CONTACT:

Richard Clowater, President

ir@gemxx.com

www.gemxx.com