Mahdia Gold Corp.
CNSX : MGD

Mahdia Gold Corp.

April 09, 2012 15:34 ET

Mahdia Gold Corp. Appoints Director and Announces Granting of Stock Options

TORONTO, ONTARIO--(Marketwire - April 9, 2012) - Mahdia Gold Corp (CNSX:MGD) ("Mahdia" or the "Company") is pleased to announce the appointment of Ted Ens to the Board of Directors. For the past year, Mr. Ens has been working with Mahdia, providing on the ground management and project co-ordination in Canada and Guyana.

Mr. Ens, a civil engineer with 25 years of experience in project management and development of major projects, brings his extensive background in project planning, financial oversight and strong operating experience to the Board. Ted graduated from the University of Waterloo in 1980 with a Bachelor of Applied Science degree and is currently a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. During the years 1980-1990, significant project management experience was gained while working for international firms, one of which was PCL Constructors Inc. In 2008, Ted retired from a successful private practice as president and CEO of Prelude Group Inc, a company that specialized in project management and project development. This included experience working on diverse international projects in different cultural settings. Ted has held a position as a director of Niagara Credit Union (now known as Meridian Credit Union) including membership to various Board Committees, during the years 1998 to 2004. He resides in Niagara-on-the-Lake, Ontario, Canada with his family, is active in the community and travels extensively.

Mahdia wishes to announce the granting of certain stock options.

The Company granted stock options to purchase 8,950,000 common shares of the Company to various directors, officers, and consultants. These stock options were granted on March 5, 2012 at an exercise price of $0.27 for a period of five years from the date of the grant. As of the date of this announcement, the Company will have a total of 10,950,000 options outstanding.

About Mahdia Gold Corp.

Mahdia is a Canadian based gold exploration and development company with interests in three gold bearing concessions in central Guyana, namely, Omai, Tiger River and White Creek.

The Company's website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.

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