Firma's Grace Point Mining Corp and MX Gold Corp Advance the Magistral Project towards Production

HENDERSON, NV--(Marketwired - March 29, 2017) - Firma Holdings Corp. (OTC PINK: FRMA) is pleased to announce that through its subsidiary Gracepoint Mining Corp. and in partnership with MX Gold Corp., the Magistral Project Management Committee has hired a Project Manager, completed internal project assessments and formally engaged the mining construction firm "Componentes Mineros" for a turn-key supply and installation of a 1,000 tonne per day (tpd) Merrill Crowe processing plant at Magistral.

The decision to increase throughput up to 1,000 tpd was due to:

• Improved project economics.
• Substantially increasing annual free cash flow potential at a marginally acceptable cost.
• Potential for other feed sources that exist in the region.

To lead the partnership, the Project Management Committee hired Benitzel Ávila Sanchez as the Magistral Project Manager. Mrs. Sanchez is a chemical engineer with extensive mining experience and has been previously employed in several key management positions, these include various positions at Alamo Gold's 18,000 tpd Mulatos Mine from 2007-2014. More recently Mrs. Sanchez has been a consultant on various projects worldwide.

Management is very pleased with Mrs. Sanchez's efforts to date in determining the best production path forward for the project, from November 2016 to January 2017 under her supervision the Magistral Project in Durango has:

• Initiated the operation to process the tailings stock.
• Evaluated the current condition of the beneficiation plant
• Further testing of the ore (tailings) metallurgy was also undertaken to determine:
  • Feasibility of the project,
  • Appropriate production process,
  • Operational/ capital costs associated modifications to the current beneficiation plant,
  • Return on capital for the project.

Based on the established project objectives, and all of the non-43-101 compliant, work that has gone into project planning (including work on the tailings and mill processes), the operations team is targeting the following numbers: