Mahdia Gold Corp.
CNSX : MGD

Mahdia Gold Corp.

July 21, 2011 13:24 ET

Mahdia Gold Corp Announces Corporate Updates

MISSISSAUGA, ONTARIO--(Marketwire - July 21, 2011) - Mahdia Gold Corp is a publicly listed on the Canadian National Stock Exchange (CNSX) under the symbol MGD. (CNSX: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 following as part of the company's progress;

  1. Mahdia Gold Corp has developed a new website to provide a more informative means of communication with our shareholders and the public. Please see www.mahdiagold.com. More data is being added.
  1. Mahdia Gold has received documentation from the Guyana Government for the company to begin the permitting process with the Guyana Government where on conclusion; the company will be able to put manpower and machinery on the OMAI goldmine property. When this is concluded within the next few months, this event will allow the company to do substantial work on the OMAI and as a result, will produce news and important mineral data for release to the public. Mahdia Gold is excited about the future of the project and is focused on doing a comprehensive and aggressive work program on OMAI. This goldmine has had a history under Cambior Resources and IAMGOLD as having produced nearly 4 million ounces of gold. Mahdia Gold has an exciting opportunity at present to do additional exploratory work on OMAI so as to better understand the science of what else remains at the OMAI goldmine. Guyana sits on the same historical gold belt of western Africa (Ghana). The country's mineral wealth and future is bright. Mahdia Gold Corp is part of that future.
  1. Mahdia Gold Corp is targeting both hard rock exploration and surface gold production at its WHITE CREEK property. To achieve this, Mahdia Gold has purchased from a source in Guyana, a complete surface gold production plant with an excavator and other mining vehicles. This equipment is currently being moved from its location in northern Guyana, into place at the White Creek exploration camp that Mahdia Gold is building. The White Creek property was operated previously by a joint venture between Stratagold and Newmont Mining. The property is of great interest to the development plans and value of Mahdia Gold Corp.
  1. Mahdia Gold Corp office in Georgetown Guyana is now fully staffed and fully engaged with all OMAI preparations, in addition to the other properties in Guyana. The company will also be occupying new office space in Toronto, Canada at 3300 Bloor street, Toronto, Ontario.

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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