Interfield Software Solutions LLC entered into a letter of intent to acquire CMX Gold & Silver Corp. (DB:6GS) in a reverse merger transaction on June 28, 2019. At this time, it is anticipated that the acquisition will be completed by way of a three-cornered amalgamation in the Seychelles. CMX Gold & Silver Corp. will consolidate its outstanding common shares on a ratio to be determined. It is anticipated the consolidation will be on the basis of one post-consolidation common share for every six pre-consolidation common shares, or such other number of pre-consolidation common shares up to but not exceeding ten pre-consolidation common shares for one post-consolidation common share. In the case of a 1:6 consolidation, CMX will issue approximately 54 million post-consolidation CMX shares to the shareholders of Interfield. Interfield Software Solutions will complete a financing of equity securities, of which the size, structure and pricing will be determined in the context of the market, but not to be less than the equivalent of CAD 0.05 per pre-consolidation common share of CMX Gold & Silver Corp. The final terms of the transaction are still being negotiated between the parties.

Upon completion of the transaction, CMX Gold & Silver Corp.'s Directors will resign and the new Board of Directors of the company (the “Resulting Issuer”) will be comprised of directors appointed by Interfield Software Solutions. Hal Hemmerich, the current Chief Executive Officer of Interfield Software Solutions, will be the Chief Executive Officer of the resulting Issuer. The transaction will be subject to a number of terms and conditions, including, but not limited to: the parties entering into a definitive agreement with respect to the transaction (such agreement to include representations, warranties, conditions and covenants typical for a transaction of this nature); the completion of satisfactory due diligence investigations by the parties; receipt of all necessary board and shareholder approvals; completion of the financings and receipt of the approval of the CSE. As of November 29, 2019, CMX signed an amendment to the letter of intent, whereby they have decided to extend the closing and exclusivity date to January 31, 2020. As per announcement on May 8, 2020, CMX Gold & Silver has filed a Listing Application with the CSE for approval of the transaction and in March 2020, Interfield advised CMX that the concurrent financing it was arranging was placed on hold given the current financial markets environment resulting from the COVID-19 pandemic crisis.