Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

November 05, 2007 08:00 ET

Executive Appointments for Midway

HELENA, MONTANA--(Marketwire - Nov. 5, 2007) - Midway Gold Corp. (the "Company") (TSX VENTURE:MDW) is pleased to announce the promotion of two key employees to new positions of Vice President of Advanced Projects and Vice President of Exploration.

Don Harris (M.Sc. and CPG), who joined the Company in March 2007 from Newmont Mining Corporation, has been appointed Vice President of Advanced Projects reporting to Mr. Branham, President and CEO. Mr. Harris will be charged with day to day operations of the Company's major projects. His main focus will be the expansion of resources at the Spring Valley and Pan projects and overseeing development of an underground decline and bulk sample at the Midway project. Mr. Harris will oversee technical personnel, permitting, and implementation of strategy to achieve project goals. Mr. Harris's expertise over the past 17 years was overseeing similar exploration and resource development along the Carlin Trend; at the Gold Quarry, Genesis, Carlin Mines, Emigrant and North Lantern projects. Mr. Harris was also the Chief Geologist of the Mesquite Mine in Southern California while working for Newmont.

Bill Neal (M.Sc. and CPG) has been appointed Vice President of Exploration and will also report to Mr. Branham. Mr. Neal is charged with developing the discovery process on Midway's eight Nevada projects. His focus is targeting drill holes, planning exploration expansion work, and identifying new opportunities through discovery and acquisition. Mr. Neal, a geologist for over 30 years, served as a senior geologist for Battle Mountain Gold in the Northwestern United States and Vice President of Exploration for Hanover Gold. Mr. Neal was instrumental in four of Midway's discoveries at the Spring Valley project, Nevada.

Midway is now operating from a new office in Helena, Montana. In addition, the Company has three field offices in Lovelock, Tonopah, and Eureka, Nevada. These offices support the Spring Valley, Midway and Pan Projects, respectively. These offices also support work on five other exploration projects, located on four of the major Nevada gold trends. Midway currently controls over 61 square miles (157 sq. km) of mineral rights on the Cortez, Humboldt, Round Mountain, and Carlin Gold Trends. Midway has twelve full time employees, as well as additional temporary contractors.

"Midway has made tremendous progress this year and the appointments of Mr. Harris and Mr. Neal to senior executive positions will enable the Company to achieve accelerated growth through discovery and acquisition. Midway, for the third year in a row, continues to be one of the most aggressive junior explorers in Nevada by drilling over 160,000 feet (48,800 m) this year. Once again, this year's drilling successfully yielded new gold discoveries. At Spring Valley, drilling has achieved an 80% success ratio (80% of new drill holes encountered gold greater than 10 feet of 0.01 opt gold). At Pan approximately a 50% success ratio was achieved this year. Since acquiring the Pan project in April 2007 five new gold zones, outside the known resources, have been discovered. Most of the drilling this year has been on new targets outside the known resources. At the Midway project, work is underway on hydrology and metallurgical studies to develop and permit an underground decline for a bulk sample. The Company is proud of its successes this year and looks forward to aggressive drill programs on the Spring Valley and Pan Projects in 2008, as well as driving an underground decline into the Midway ore. Our goal is to maximize and accelerate the discovery and development process. Management by experienced and thoughtful people such as Don Harris and Bill Neal will help accomplish these goals," stated Alan Branham, President and CEO of Midway Gold Corp.

Midway is a precious metals company, listed as a Tier 1 issuer on the TSX Venture Exchange under the symbol "MDW". Recent updates on the Companies projects are available at www.midwaygold.com.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; timing of the preparation of our preliminary economic assessment, geological models, mine plan and definitive feasibility study; expectations related to enhancing resource grades; financing plans and the availability of future financing for our projects; anticipated results of our exploration, and other plans, projections, estimates and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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