QMX QMX Gold Corporation

QMX Gold Corporation (TSX VENTURE:QMX) ("QMX" or the "Company") and Northern Sun
Mining Corp. ("Northern Sun") have agreed to an extension of the closing of the
proposed acquisition by Northern Sun of the Snow Lake property, detailed in the
press release dated October 2, 2013. The closing is now expected to occur on or
before September 30, 2014. 


In connection with the extension of the sale of Snow Lake, QMX is negotiating
with Third Eye Capital ("TEC") to extend the existing bridge loan facility to
September 30, 2014. As a condition of the extension of the bridge loan facility,
TEC requires that QMX sell a block of 7 million escrowed and free trading shares
(together, the "Shares") held by QMX in Falco Pacific Resource Group Inc.
("Falco Pacific") in order to reduce the principal and interest outstanding on
the bridge loan facility. 


A bidding process for the block of shares was held and QMX has entered into an
agreement with 2425134 Ontario Inc. (a privately owned company) to sell the
block for aggregate gross proceeds of $2,583,000, reflecting the highest bid
price that was received for the block. 


Currently there are 3.85 million Shares that are free trading and have will be
sold at a price of $0.45 per share. The remaining 3.15 million Shares are
subject to an escrow agreement in accordance with the policies of the TSX
Venture Exchange and will be sold at a price of $0.27 per share. The sale of the
escrowed Shares escrow remains subject to the TSX Venture Exchange approval and
should the TSX Venture not provide approval on the sale of the escrowed Shares,
QMX will proceed with the sale of the free trading shares. 


The Falco Pacific shares were issued to QMX Gold at a deemed price of $0.25 as
partial consideration in connection with the sale of the 100%-owned base metals
camp in Rouyn-Noranda, Quebec to Falco Pacific in September 2012. 


QMX Gold received a $200,000 deposit on the signing of the agreement with
2425134 Ontario Inc. and the remainder will be received at the end of the month,
upon receipt of necessary approvals from the TSX Venture Exchange. The closing
of the sale of Snow Lake also remains subject to a number of conditions,
including without limitation, receipt all necessary government and regulatory
approvals in Canada and China, completion of due diligence, and Northern Sun
securing the financing necessary to complete the acquisition.


About QMX 

QMX Gold Corporation is a Canadian mining company traded on the TSX-V under the
symbol "QMX". The company is focusing on mine development and exploration in
Quebec and is actively looking for other mining projects for acquisition in the
Val D'or area. QMX Gold continues mining activities at its Lac Herbin property
in Val d'Or with production estimated at 16,500 - 17,500 ounces of gold in 2014.



Qualified Person 

Technical programs and information included in this release have been reviewed
and approved by Patrick Sevigny, eng., Vice President of Quebec Operations and a
Qualified Person as defined under NI 43-101.


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 valuation of the Shares and the proposed sale of
such Shares, receipt of necessary approvals, 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. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brett New
President and CEO
(416) 861-5904


Louis Baribeau
Public Relations
(514) 667-2304


Rob Hopkins
Investor Relations
(416) 861-5899


QMX Gold Corporation
+1 877-717-3027
info@qmxgold.ca
www.qmxgold.ca

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