[May 21, 2013]

CanadianForex's International Online Payment Platform Shines for GoldGroup and McEwen Mining

CanadianForex, one of the world's fastest-growing, technology-driven foreign exchange providers, showcases its advanced and easy-to-use online and mobile platform through the success of GoldGroup Mining Inc. (GoldGroup) and McEwen Mining. Both international mining firms turned to CanadianForex for a reliable foreign exchange service offering competitive rates and round-the-clock support, receiving these benefits, as well as competitive exchange rates and hassle-free currency conversion.

For GoldGroup, CanadianForex helps with world markets and receive foreign exchange service that has improved their bottom line. GoldGroup saved $130,000 when CanadianForex notified the company of an opportunity to buy Mexican Peso's at multi-year lows.

"The service delivered by CanadianForex is outstanding and tailored to our company's needs," said Mike Clark, CFO at GoldGroup. "They take the time to understand our needs and are able to provide insight into the market and assist in the timing of our foreign exchange needs."

Working with CanadianForex provides McEwen with foreign exchange rates competitive with wholesale rates. Additionally, CanadianForex provides strategic council in dealing with market fluctuations and movements.

"Whether we are transacting in the millions of dollars or only thousands of dollars, CanadianForex are there to answer the phone and provide a personal level of service to ensure our needs are met," stated Perry Ing, CFO at McEwn. "This is a level of service you don't get when dealing directly with chartered banks."

"At CanadianForex, we put our clients first, striving to offer smart partnerships that strengthen their market position through specialized foreign exchange services. We are proud to be able to help prestigious companies such as Goldgroup and McEwen, and look forward to continuing our relationship in the years ahead," said Michael Ward, CEO, North America and Europe for CanadianForex. "Our mission is to partner with businesses by providing them with the strategic guidance and expert service required to help save costs and streamline international payment in real-time."

CanadianForex makes foreign exchange simple, secure and easy, with quick set up, transparency and tailored payments solutions. Customers have the ability to make international money transfers from home or anywhere in the world by phone or via CanadianForex's fully secure online platform. Additionally, CanadianForex relies on personal service with dedicated account managers, providing committed service normally reserved for institutional clients at banks.

About Goldgroup

Goldgroup is a Canadian-based gold production, development, and exploration company with significant upside in a portfolio of projects in Mexico, including its flagship 100%-owned advanced stage gold development project, Caballo Blanco, in the state of Veracruz, and a 50% interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San José de Gracia located in the state of Sinaloa. The Company also operates its 100%-owned Cerro Colorado gold mine in the state of Sonora.

About McEwen Mining

The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth gold producer focused in the Americas. McEwen Mining's principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Mexico and Nevada.

About CanadianForex

CanadianForex is a wholly-owned subsidiary of OzForex, a strategic investment of Macquarie Bank, Accel Partners (News - Alert) and the Carlyle Group, and original co-founders Matt Gilmour and Gary Lord. CanadianForex is part of the OzForex Group which includes UKForex, CanadianForex, OzForex, NZForex and Tranzfers. Since its launch in 1998 by Matt Gilmour, the Group has grown to be one of the world's largest online foreign exchange companies. The Company's client base includes small and medium-sized importers and exporters, as well as individuals who transfer financial assets, have recurring payments overseas, and those investing abroad. The CanadianForex Board of Directors is made up of executives with significant experience in foreign exchange and the financial markets. For more information on CanadianForex, call 1-888-288-7354 or email [email protected].

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