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<head><title>Form 8-K</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:624px> <p style="FONT-SIZE:11.5pt; MARGIN:0px" align=center>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><b>FORM 8-K</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>CURRENT REPORT</b></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Date of Report (Date of earliest event reported): &nbsp;&nbsp;October 24, 2016</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:17pt; MARGIN:0px" align=center><b><u>MAGELLAN GOLD CORPORATION<br></u></b><font style=FONT-SIZE:9pt>(Exact Name of Registrant as Specified in its Charter)</font></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=227> <td width=168> <td width=186 /> </tr><tr> <td width=227 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nevada&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p></td> <td width=168 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;_</u><font style=FONT-SIZE:11.5pt><u>333-174287&nbsp;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p></td> <td width=186 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><u>&nbsp;&nbsp;&nbsp;&nbsp;</u><font style=FONT-SIZE:11.5pt><u>27-3566922&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p></td></tr> <tr> <td width=227 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>(State or other jurisdiction<br>of incorporation)</p></td> <td width=168 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Commission File<br>Number</p></td> <td width=186 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>(I.R.S. Employer Identification number)</p></td></tr></table> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><u>2010A Harbison Drive # 312, Vacaville, CA &nbsp;95687<br></u><font style=FONT-SIZE:9pt>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Registrant's telephone number, including area code:&nbsp;&nbsp;&nbsp;<u>(707) 884-3766</u></p> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>______________________________________________________</p> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>(Former name or former address, if changed since last report)</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=55> <td width=583 /> </tr><tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">___</p></td> <td width=583 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">Written communications pursuant to Rule 425 under the Securities Act </p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">___</p></td> <td width=583 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">Soliciting material pursuant to Rule 14a-12 under the Exchange Act</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">___</p></td> <td width=583 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</p></td></tr> <tr> <td width=55 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px" align=justify>___</p></td> <td width=583 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11.5pt; MARGIN:0px" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</p></td></tr></table> <div style=WIDTH:624px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="MARGIN-BOTTOM:-4pt; FONT-SIZE:4pt; PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px" /> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b><u>ITEM 1.01</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><b><u>ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS</u></b></p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify><b>Rio Silver, Inc. Option Agreement</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>On October 24, 2016, Magellan Gold Corporation (the &#147;Company) entered into a Mining Option Agreement (the &#147;Option Agreement&#148;) between and among Rio Silver Inc., a Canadian company (&#147;Rio Silver&#148;), Minera Rio Plata S.A.C., a Peruvian company and subsidiary of Rio Silver (&#147;Minera&#148;), and Magellan Gold Peru S.A.C., a Peruvian company and wholly owned subsidiary of the Company (&#147;Magellan Peru&#148;) pursuant to which Rio Silver through Minera, shall grant to the Company the sole and exclusive option to acquire an undivided 50% interest in and to property located in Peru as more specifically described in the Agreement which is filed herewith as Exhibit 10.1.</p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11.5pt; MARGIN:0px; PADDING-RIGHT:3px" align=justify>Under the terms of the Agreement, the Company<font style=FONT-SIZE:11pt> Magellan has the right to earn an undivided 50% interest in the Ni&#241;obamba Silver/Gold Project in central Peru. To earn its 50% interest, Magellan must spend $2.0 million in exploration over three years. The Ni&#241;obamba project is comprised of four concessions that total 31 square kilometers (7,660 acres). As announced September 12, 2016, three of the concessions were recently acquired from a Peruvian company owned jointly by Newmont Mining Corporation and Southern Peru Copper Corporation. </font></p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; PADDING-RIGHT:3px" align=justify>In connection with the Rio Silver transaction, Magellan is obliged to subscribe to two private placement unit financings in Rio Silver, each for aggregate proceeds of Cdn$75,000. The Company completed the first unit private placement on August 23, 2016. The second unit private placement is expected to close within the next ninety days.</p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>In connection with the Option Agreement, Rio Silver and the Company entered into a Lock-Up/Voting Trust Agreement of even date (the &#147;Lock-Up Agreement&#148;). &nbsp;The Lock-Up Agreement is filed herewith as Exhibit 10.3.</p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b><u>ITEM 7.01</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px"><b><u>REGULATION FD DISCLOSURE</u></b></p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>On October 25, 2016, the Company issued a press release announcing the Option Agreement transaction noted at Item 1.01 of this Report. &nbsp;A copy of the press release is filed herewith as Exhibit 99.2.</p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>The information in this Current Report on Form 8-K furnished pursuant to Item 7.01, including Exhibit 99.2, shall not be deemed to be &#147;filed&#148; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information pursuant to Item 7.01, The Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.2, that is required to be disclosed solely by Regulation FD. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b><u>ITEM 2.03</u></b></p> <p style="FONT-SIZE:11pt; PADDING-LEFT:96px; MARGIN:0px; TEXT-INDENT:-2px" align=justify><b><u>CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBGLIATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT</u></b></p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>On October 24, 2016, the Board of Directors approved the issuance an unsecured Promissory Note dated September 30, 2016 evidencing a loan from John C. Power in the original principal amount of $35,000 (the &#147;Note&#148;) due in full on or before December 31, 2016. &nbsp;Interest will accrue on the outstanding balance of the Note at the rate of 6% per annum beginning September 30, 2016. A copy of the Note is filed herewith as Exhibit 99.1.</p> <p style=MARGIN:0px align=justify><br><br></p> <p style=MARGIN:0px align=center>2</p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b><u>ITEM 8.01</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px"><b><u>OTHER EVENTS</u></b></p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>On October 24, 2016, the Board of Directors approved an Investor Relations Engagement Agreement (the &#147;Agreement&#148;) by and between the Company and Intuitive Pty Ltd, an Australian company (&#147;Intuitive&#148;) whereby Intuitive has agreed to undertake for a period of 24 months an investor relations and communications program on behalf of the Company focusing on potential investors outside of the United States. &nbsp;The sole consideration for those services is an aggregate of 500,000 shares of restricted common stock issued to Intuitive&#146;s principals.</p> <p style=MARGIN:0px align=justify><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>On October 24, 2016, &nbsp;the Board of Directors also approved an Investor Awareness Services and Management Agreement with Mining Clip, LLC and Ariston Capital Corp. dated October 15, 2016 (&#147;Mining Clip Agreement&#148;), to provide additional investor relations services. The Mining Clip Agreement terminates on January 15, 2017 and will renew for additional periods of three months each unless terminated by either party. &nbsp;In addition to a monthly cash retainer, the Company will issue an aggregate of 62,500 shares of common stock every 90 days until the Mining Clip Agreement is terminated. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px"><b><u>ITEM 9.01:</u></b></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><b><u>FINANCIAL STATEMENTS AND EXHIBITS</u></b></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=49> <td width=60> <td width=54> <td width=475 /> </tr><tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=54 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=475 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify><u>Item</u></p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify><u>Title</u></p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>10.1</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Mining Option Agreement</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>10.2</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Lock-Up/Voting Trust Agreement</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>10.3</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Intuitive Pty, Ltd. Agreement</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>10.4</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Mining Clip LLC Agreement</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>99.1</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Promissory Note</p></td></tr> <tr> <td width=49 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=60 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>99.2</p></td> <td width=529 colspan=2 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px" align=justify>Press Release</p></td></tr></table> <div style=WIDTH:624px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style=MARGIN:0px align=center>3</p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>SIGNATURES</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:48px" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p> <p style=MARGIN:0px><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=337> <td width=324 /> </tr><tr> <td width=337 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style=MARGIN:0px>&nbsp;</p></td> <td width=324 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Magellan Gold Corporation</b></p></td></tr> <tr> <td width=337 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td> <td width=324 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; PADDING-LEFT:9px; MARGIN:0px; PADDING-RIGHT:9px">&nbsp;</p></td></tr> <tr> <td width=337 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px">Date:<u> &nbsp;October 26, 2016</u></p></td> <td width=324 style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:9px; MARGIN-TOP:0px; PADDING-RIGHT:9px" valign=top> <p style="FONT-SIZE:11pt; MARGIN:0px">By: &nbsp;<u>/s/ W. Pierce Carson</u></p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W. Pierce Carson, President</p></td></tr></table> <div style=WIDTH:624px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style=MARGIN:0px align=center>4</p> <p style=MARGIN:0px><br></p></div></body>
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Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):   October 24, 2016
MAGELLAN GOLD CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Nevada
_
333-174287
27-3566922
(State or other jurisdiction
of incorporation)
Commission File
Number
(I.R.S. Employer Identification number)
2010A Harbison Drive # 312, Vacaville, CA  95687
(Address of principal executive offices)                    (Zip Code)
Registrant's telephone number, including area code:
(707) 884-3766
______________________________________________________
(Former name or former address, if changed since last report)
___
Written communications pursuant to Rule 425 under the Securities Act
___
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
___
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
___
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
ITEM 1.01
ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS
Rio Silver, Inc. Option Agreement
On October 24, 2016, Magellan Gold Corporation (the "Company) entered into a Mining Option Agreement (the "Option Agreement") between and among Rio Silver Inc., a Canadian company ("Rio Silver"), Minera Rio Plata S.A.C., a Peruvian company and subsidiary of Rio Silver ("Minera"), and Magellan Gold Peru S.A.C., a Peruvian company and wholly owned subsidiary of the Company ("Magellan Peru") pursuant to which Rio Silver through Minera, shall grant to the Company the sole and exclusive option to acquire an undivided 50% interest in and to property located in Peru as more specifically described in the Agreement which is filed herewith as Exhibit 10.1.
Under the terms of the Agreement, the Company
Magellan has the right to earn an undivided 50% interest in the Niñobamba Silver/Gold Project in central Peru. To earn its 50% interest, Magellan must spend $2.0 million in exploration over three years. The Niñobamba project is comprised of four concessions that total 31 square kilometers (7,660 acres). As announced September 12, 2016, three of the concessions were recently acquired from a Peruvian company owned jointly by Newmont Mining Corporation and Southern Peru Copper Corporation.
In connection with the Rio Silver transaction, Magellan is obliged to subscribe to two private placement unit financings in Rio Silver, each for aggregate proceeds of Cdn$75,000. The Company completed the first unit private placement on August 23, 2016. The second unit private placement is expected to close within the next ninety days.
In connection with the Option Agreement, Rio Silver and the Company entered into a Lock-Up/Voting Trust Agreement of even date (the "Lock-Up Agreement").  The Lock-Up Agreement is filed herewith as Exhibit 10.3.
ITEM 7.01
REGULATION FD DISCLOSURE
On October 25, 2016, the Company issued a press release announcing the Option Agreement transaction noted at Item 1.01 of this Report.  A copy of the press release is filed herewith as Exhibit 99.2.
The information in this Current Report on Form 8-K furnished pursuant to Item 7.01, including Exhibit 99.2, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information pursuant to Item 7.01, The Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.2, that is required to be disclosed solely by Regulation FD.
ITEM 2.03
CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBGLIATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
On October 24, 2016, the Board of Directors approved the issuance an unsecured Promissory Note dated September 30, 2016 evidencing a loan from John C. Power in the original principal amount of $35,000 (the "Note") due in full on or before December 31, 2016.  Interest will accrue on the outstanding balance of the Note at the rate of 6% per annum beginning September 30, 2016. A copy of the Note is filed herewith as Exhibit 99.1.
2
ITEM 8.01
OTHER EVENTS
On October 24, 2016, the Board of Directors approved an Investor Relations Engagement Agreement (the "Agreement") by and between the Company and Intuitive Pty Ltd, an Australian company ("Intuitive") whereby Intuitive has agreed to undertake for a period of 24 months an investor relations and communications program on behalf of the Company focusing on potential investors outside of the United States.  The sole consideration for those services is an aggregate of 500,000 shares of restricted common stock issued to Intuitive's principals.
On October 24, 2016,  the Board of Directors also approved an Investor Awareness Services and Management Agreement with Mining Clip, LLC and Ariston Capital Corp. dated October 15, 2016 ("Mining Clip Agreement"), to provide additional investor relations services. The Mining Clip Agreement terminates on January 15, 2017 and will renew for additional periods of three months each unless terminated by either party.  In addition to a monthly cash retainer, the Company will issue an aggregate of 62,500 shares of common stock every 90 days until the Mining Clip Agreement is terminated.
ITEM 9.01:
FINANCIAL STATEMENTS AND EXHIBITS
Item
Title
10.1
Mining Option Agreement
10.2
Lock-Up/Voting Trust Agreement
10.3
Intuitive Pty, Ltd. Agreement
10.4
Mining Clip LLC Agreement
99.1
Promissory Note
99.2
Press Release
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Magellan Gold Corporation
Date:
October 26, 2016
By:
/s/ W. Pierce Carson
W. Pierce Carson, President
4