Midex Gold Corp.
OTC Bulletin Board : MXGD

January 22, 2010 16:12 ET

Midex Gold Corp.: News Release

DAR ES SALAAM, TANZANIA--(Marketwire - Jan. 22, 2010) - Midex Gold Corp. (OTCBB:MXGD) www.midexgold.com, management provides details on the ongoing exploration program on its 100% owned Golden Hills Property in Tanzania.

To date, Midex has carried out field reconnaissance to confirm previous geological investigations, regional-scale stream sediment sampling and widely-spaced soil sampling on the Golden Hills property. The gold in the soil anomalies was further investigated by infill soil sampling, which will be complimented by detailed mapping and associated rock channel sampling, ground magnetic, induced polarization and electro magnetic ground geophysical techniques.

As well, the entire area will be mapped in detail, soil sampled at 400 metre by 40 metre grid and in the event of encouraging results, a high resolution heli-magnetic survey will be carried out covering the property and some of the adjoining properties in the area.

Results from the stream sediment and soil samples should be available in the weeks ahead, "from what we have seen so far we are very encourages with the potential of Golden Hills and look forward to our phase 1 results" stated Morgan Magella company President and CEO.


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.


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.

No Exchange has either approved or disapproved of the information contained herein.

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