Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

November 14, 2007 14:21 ET

Midway Gold Corp.: Warrants Exercised

HELENA, MONTANA--(Marketwire - Nov. 14, 2007) - Midway Gold Corp. (the "Company") (TSX VENTURE:MDW) is pleased to announce that the Company has issued 908,782 common shares pursuant to the exercise of share purchase warrants for proceeds of $2,726,346 before the warrants would have expired on November 13, 2007. The Company now has approximately $8.5 million cash on hand.

Barrick Gold Corp. held and exercised 500,000 of these share purchase warrants. This brings the total number of Midway shares purchased by way of private placement to 4,500,000 at a total cost of $10.3 million.

Midway Gold Corp. is focused on expanding and developing its three significant projects including their flagship resource, the Spring Valley deposit, along with its Midway and Pan deposits; all three of which are situated along major gold trends in the mining friendly state of Nevada. Midway is a precious metals company, listed as a Tier 1 issuer on the TSX Venture Exchange under the symbol "MDW". The Company has 49.6 million shares outstanding. Details of Midway Gold's projects are available on the Company's website at www.midwaygold.com.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; timing of the preparation of our preliminary economic assessment, geological models, mine plan and definitive feasibility study; expectations related to enhancing resource grades; financing plans and the availability of future financing for our projects; anticipated results of our exploration, and other plans, projections, estimates and expectations. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information