Maxy Gold Corp.
TSX VENTURE : MXD

Maxy Gold Corp.

May 31, 2006 09:00 ET

Maxy Gold Corp.: Muluozuo Trench Assays Return 177.1m Grading 0.7 g/t Gold. Including 49.5m @ 1.33 g/t Au or 18.8 Metres @ 2.6 g/t Au

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2006) -

Soil Geochemistry Demonstrates Zone May Extend up to 800 Metres Long

Maxy Gold Corp. (TSX VENTURE:MXD) is pleased to announce the receipt of assay results from trenching on two gold (Au) prospects within the Midu Project area - the "MULUOZUO" (MZ) and the QINGMULIN (QM), located in Western Yunnan Province, China. Particularly impressive results were obtained on the new MZ discovery which was originally announced January 23rd 2006.

MZ PROSPECT

On the MZ zone positive results have significantly enlarged the width of the known mineralization zone to 176.6 metres (m), and additional systematic soil sampling has extended the soil anomaly over a length of 800m.

Maxy completed a 300m long trench across the soil geochemistry anomaly. The trenching program was designed to extend and complete the previous trenching program announced January 23rd.

The assay results from chip samples of oxidized material are as follows:

177.1 meters (m) of 0.7 grams per tonne (g/t) Au

including 49.5m of 1.33 g/t Au

including 34.8m of 1.85 g/t Au or 18.8m of 2.6 g/t Au.

Parallel to the additional trenching program, Maxy has completed 5 new soil geochemistry lines, 100 to 200m apart and results have extended the soil anomaly over an approximate 800m length. The mineralization is associated with oxidized and altered sedimentary rocks such as conglomerates, sandstones and limestones. This is the same geological setting as our Chinese Partner's Dalontang Gold Mine which is approximately 2 km to the east. The Dalontang Mine is reported to currently produce about 60,000 oz of gold per year, and contains a sizable gold deposit of approximately 1,000,000 oz. Maxy has not independently verified these details and therefore cannot comment on the reliability of our partners' report.

Drilling is planned for mid-June.

QM PROSPECT

2 trenches totaling 100m have been completed and some interesting gold intersections were cut:

Trench # 2 returned 7m grading 0.7 g/t Au

Trench # 3 returned 2m grading 3.6 g/t Au

Drilling will be done in July-August 2006.

QUALITY CONTROL PROGRAM AND QUALIFIED PERSON

The quality control program is under the supervision of General Manager, Zhu ChengWei and Andre Gauthier, president of Maxy. Details of the quality control, quality assurance program are contained in the January 23, 2006 press release.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the 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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