Magellan Adds Important Property Holdings at Silver District Project

Magellan Gold Corporation is pleased to announce that it has added key property holdings at its advanced exploration Silver District Project in La Paz County, southwest Arizona.

Magellan now controls unpatented and patented mining claims and a state exploration permit totaling over 2,000 acres. Magellan's district-scale property position covers the heart of the historic Silver District and includes all of the important historical producers, most of the old mines and prospects and all of the known exploration targets. Historic recorded production during 1883-1893 from small underground mines was 1.56 million ounces silver and 2.33 million pounds lead.

Pierce Carson, CEO of Magellan's mineral subsidiary Gulf & Western Industries, Inc. said, "The Silver District Project exhibits excellent potential for substantial expansion of the near-surface drilled historic resources of 16 million ounces silver. Subject to funding, we plan to conduct an extensive drilling program to test strike and depth extensions of the vein deposits. The project shows promising potential for development of a silver mine with by-products fluorite, barite and lead-zinc."

A new management presentation providing additional information on Magellan Gold Corporation and the Silver District Project is available at the following link: http://magellangoldcorp.com/wp-content/uploads/2015/10/Magellan_Presentation_-Oct-2015.pdf