Mahdia Gold Corp.

Mahdia Gold Corp.

February 23, 2012 13:15 ET

Mahdia Gold Corp. Engages ALOE Financial Inc. for Professional Services Related to Advancing Regulatory Reporting and Governance Practices

TORONTO, ONTARIO--(Marketwire - Feb. 23, 2012) - Mahdia Gold Corp (CNSX:MGD) ("Mahdia" or the "Corporation"), is pleased to announce that the Corporation has signed a consulting agreement for the review and advancement of regulatory reporting and corporate governance practices. ALOE Financial Inc. is actively assisting the Corporation with the completion of its 1st quarter ended November 30th, 2011, while simultaneously reviewing governance practices to ensure the Corporation meets industry and regulatory standards.

Mr. Alan Zaakir, Chairman of Mahdia Gold Corp. stated "As the Corporation successfully progresses to a new phase in its business plan, ensuring that we are ranked equally with our peers in respect to our regulatory obligations is paramount to our success and the success of our stakeholders. ALOE is a recognized leader in the junior mining space and we are pleased to have them contribute their skills while strengthening the foundation of our Company".

About ALOE Financial Inc.

ALOE Financial Inc. is a Canadian based professional services firm providing financial reporting, governance and transaction services to both private and publicly traded companies with both domestic and foreign operations. ALOE's experience stems from its professional in house team, international relationships and extensive knowledge of public markets.

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: The website of the CNSX exchange is

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 Corporation 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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