Mahdia Gold Corp.

Mahdia Gold Corp.

May 15, 2013 11:42 ET

Mahdia Gold Corp. (CNSX:MGD) Resignation of Executive Chairman and Move to Intergovernmental Liaison Affairs Post

CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Mahdia Gold Corporation (the "Company") (CNSX:MGD) announces that the Board has received and accepted the resignation of Alan Zaakir as Executive Chairman;

Andre Douchane the CEO and President stated: "Without Mr. Zaakir, Mahdia would never have been able to obtain the OMAI. His unrelenting pursuit of success for Mahdia in its infancy has carried the Company forward and allowed it to accumulate the asset and resource base it now has. The Board understands and respects Mr. Zaakir's need to become more involved in other aspects in Guyana but regrets the void that will be created by his move. Thankfully Mr. Zaakir has agreed to remain on the Board and to act as intergovernmental affairs liaison with the Government of Guyana."

For additional information including a photo library showing the advancement of activities at the Omai mine site please visit the Company's website at

About Mahdia Gold Corp.

Mahdia is a Canadian-based gold exploration company with active gold prospects in Guyana, South America.

The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States.

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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