SOURCE: Midas Fund

October 17, 2007 17:57 ET

Midas Fund Announces Top Ten Holdings

NEW YORK, NY--(Marketwire - October 17, 2007) - Midas Fund (NASDAQ: MIDSX) announced today the top ten largest holdings of the Fund. The current top ten holdings comprise approximately 44% of total assets, and all Fund holdings are subject to change. The list of holdings was current as of September 30, 2007, and as such no assurance can be made that the portfolio's current composition is the same as listed below.

1.  Golden Cycle Gold Corporation  (GCGC)
2.  Agnico-Eagle Mines Ltd.        (AEM)
3.  Randgold Resources Ltd.        (GOLD)
4.  Lihir Gold Ltd.                (LIHR)
5.  Gold Fields Ltd.               (GFI)
6.  Impala Platinum Holdings Ltd.  (IMPUY)
7.  Pan American Silver Corp.      (PAAS)
8.  Miramar Mining Corp.           (MNG)
9.  Eldorado Gold Corp.            (EGO)
10. Kinross Gold Corp.             (KGC)

Midas Fund invests in companies involved in mining, processing, fabricating, distributing or otherwise dealing in natural resources, such as gold, silver, platinum and other ferrous, non-ferrous and strategic metals, hydrocarbons, real estate, food products or other basic commodities. The Fund seeks capital appreciation and protection against inflation and, secondarily, current income.

The portfolio information should not be considered as a recommendation to purchase or sell a particular security and there is no assurance that any securities will remain in or out of the Fund.


Midas Fund is a mutual fund managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated (PINKSHEETS: WNMLA). Winmill & Co. is engaged in stock market and gold investing through its investment management through subsidiaries of equity and gold mutual funds. To learn more about Midas Funds, visit

The Fund is subject to industry concentration risk, which is the risk that the Fund's performance can be significantly affected by the developments in the precious metals and natural resources industries. Resource mining by its nature involves significant risks and hazards to which this Fund is exposed. Even when a resource mineralization is discovered, there is no guarantee that the economically minable reserves will result. Mining exploration can last over a number of years, incur substantial costs, and not lead to any new commercial mining. Investments related to gold, silver, platinum and other natural resources are considered speculative, can be significantly affected by developments in the precious metals and resource industries, and are linked to the prices of gold and other natural resources. Their prices can be influenced by a variety of global economic, financial and political factors and may fluctuate substantially over short periods of time and be more volatile than other types of investments. Economic, political, or other conditions affecting one or more of the major sources of gold, silver, platinum and other natural resources could have a substantial effect on supply and demand in countries throughout the world. Additionally, the majority of such producers are in a limited number of countries.

One of Midas' guiding principles is that we will communicate with our shareholders as candidly as possible because we believe shareholders benefit from understanding our investment philosophy and approach. Our views and opinions regarding the prospects of our portfolio holdings, Funds and the economy are "forward looking statements" which may or may not be accurate and may be materially different over future periods. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on forward looking statements, which speak only as of the date of this release.

Distributed by Investor Service Center, Inc., FINRA member.

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