Midex Gold Corp.
OTC Bulletin Board : MDXO

August 25, 2009 16:35 ET

Midex Begins Exploration Program on the Magembe Diamond Property

DAR ES SALAAM, TANZANIA--(Marketwire - Aug. 25, 2009) - Midex Gold Corp. (OTCBB:MDXO) (www.midexgold.com), announced today the company's exploration program on the Magembe Diamond property in the Shinyanga District of northwestern Tanzania has began led by company President Morgan Magella. "The objective is to evaluate indicated diamond potential from both alluvial and kimberlitic sources," stated Morgan Magella, president of Midex.


The company's technical team has started a systematic sampling program based on aerial magnetic data that will cover the areas of high interest. The exploration program will yield 200 to 300 samples, approximately 50 tonnes of alluvial gravels will be sampled and tested. The Samples will be shipped to Canada for testing; Management expects results with in 30 to 45 days.

The company's technical team is led by company president Morgan Magella, on site are also two Geo technicians, and 7 local laborers.

The Magembe property lies only five kilometers south east of the famous Williamson kimberlite pipe. The Williamson mine is owned 75 per cent by De Beers and 25 per cent by the government of Tanzania. It's been in production since the 1950s and at the time of its discovery, the Williamson pipe was considered to be the largest economically exploitable pipe. The mine is also is famous for its pink diamonds and produced some big stones, including a 388 carat diamond.

Midex Gold Corp. Pending Forward Split

The company is waiting on approval from FINRA to execute the previously announced forward split of the company's shares.


Midex Gold is positioned to take advantage of Tanzania's rich mineral resources by developing a select portfolio of near-term gold and diamond production projects. With the company's network of strategic relationships with senior mining professionals and government officials in Tanzania, it is poised to identify key mining concession targets that are ready to be developed.


No Exchange has either approved or disapproved of the information contained herein. This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control and actual results may differ materially from the expected results. The Company does not expect to update forward-looking statements continually as conditions change. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's quarterly filings with the SEC and other periodic filings.

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