Mahdia Gold Corp.
CNSX : MGD

May 09, 2011 16:27 ET

Mahdia Gold Corp Acquires Guyana Goldbelt Property, White Creek Gold Bearing Property

MISSISSAUGA, ONTARIO--(Marketwire - May 9, 2011) -Mahdia Gold Corp (CNSX:MGD) is a publicly listed on the Canadian National Stock Exchange (CNSX) under the symbol MGD. The company's website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.

Mahdia Gold Corp is pleased to announce the acquisition of the White Creek gold bearing property in Guyana.

The White Creek gold bearing property was the subject of a joint venture between Newmont and Stratagold (TSXV).

Mahdia Gold Corp completed a transaction with Saceka Corp which gives Mahdia Gold the immediate rights to one hundred percent of the mineral rights of the property. Mahdia Gold will pay US$700,000 for the property over four equal annual payments. There will be no stock issuance for the transaction. The White Creek property is a strategic acquisition for Mahdia Gold as it is located in the Guyana gold belt. The property is also located in close proximity to other large mining companies. The White Creek property was subjected to previous exploration by Newmont and Stratagold. Mahdia Gold is studying the said data as part of our plans for immediate exploration of the full potential of this property. Mahdia Gold will make public this data in our upcoming releases on the White Creek progress.

Mahdia Gold Corp currently has 62,004,020 shares outstanding.

NO SECURITIES REGULATORY AUTHORITY OR STOCK EXCHANGE HAS APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS PRESS RELEASE.

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