SOURCE: Midas Perpetual Portfolio, Inc.

Midas Perpetual Portfolio, Inc.

December 11, 2009 16:53 ET

Midas Perpetual Portfolio Distribution Notice

NEW YORK, NY--(Marketwire - December 11, 2009) - Midas Perpetual Portfolio (NASDAQ: MPERX) will be paying the following distribution which is scheduled with a record date of December 29, 2009 and an ex-dividend, reinvestment, and payable date of December 30, 2009.

As of the date of this press release the per share distributions are estimated as follows:

Fund               Ticker Symbol           Distribution Estimate
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Midas Perpetual                      Ordinary income between $.014 and $.01
Portfolio             MPERX          No capital gain distribution

The per share amounts are preliminary estimates and may change between the date of this press release and December 29, 2009. A precise determination of the per share distribution is not possible because the number of shares outstanding on record date cannot be determined in advance.

The distribution represents short term capital gains, which are treated as ordinary income. All taxable shareholders will receive written notification regarding the components and tax treatment for all 2009 distributions in 2010 on Form 1099-DIV.

The distributions will be reinvested in your account or paid out in cash, according to the instructions associated with your account. Please call us at 1-800-400-MIDAS (6432) if you have any questions or would like further information.

The Midas Funds are managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds. To learn more about the Midas Funds, please visit www.MidasFunds.com.

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