Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

June 06, 2007 08:00 ET

Midway Receives Approval for Plan of Operation for Up to 600 Holes Spring Valley Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2007) - Midway Gold Corp. (the "Company") (TSX VENTURE:MDW) is pleased to announce that the Bureau of Land Management has issued final approval for the Company's Spring Valley Project Plan of Operations (the "Plan"). The Plan allows the Company to drill up to 600 holes in a 2.5 square mile area. The Plan allows for substantial key expansion of the Company's exploration into significant untested portions of the Spring Valley diatreme and adjacent targets. The Company is currently planning for over 100 drill holes, in 2007, to attempt to expand the current gold resource and to test up to a dozen new gold targets on the existing 17 square mile property. The Company has added a fifth drill which will test the Limerick Basin target area, directly southwest of Spring Valley.

Midway Gold Corp. is a precious metals exploration company, listed as a Tier 1 issuer on the TSX Venture Exchange under the symbol "MDW". Midway focuses on the creation of value for shareholders by aggressively exploring and developing high-grade, quality precious metal resources in stable mining areas. 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. 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.

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